市場調查報告書
商品編碼
1596944
聚碳酸酯市場規模、佔有率、成長分析、技術、最終用戶和地區 - 產業預測,2024-2031 年Polycarbonate Market Size, Share, Growth Analysis Technology (Extrusion, and Molding). End User (Automotive & Transportation, Electrical & Electronics), By Region- Industry Forecast 2024-2031 |
2022年全球聚碳酸酯市場規模將達到221億美元,預計將從2023年的227億美元成長到2031年的288億美元,預測期內(2024-2031年)複合年成長率為3.0%。
在建築、包裝、汽車、消費品和醫療設備等各個行業需求不斷成長的推動下,全球聚碳酸酯市場正經歷顯著成長。由於旨在減輕車輛重量和增加塑膠使用的監管壓力,汽車製造商尤其推動了這一需求,導致全球製造過程中聚碳酸酯的使用迅速增加。此外,在建設產業,聚碳酸酯因其縮短施工時間、成本效益和創新設計的多功能性等優點而成為建築師和承包商的首選。牛津經濟研究院報告預測,全球建築產值將從 2020 年的 10.7 兆美元增加到 2031 年的 15.2 兆美元,凸顯了該領域對聚碳酸酯的潛在需求。此外,由於乘用車需求的增加和運輸業的蓬勃發展,汽車工業快速成長,由於其優異的性能,尤其是與雙酚和碳醯氯混合時,嚴重依賴聚碳酸酯。國際汽車工業協會指出,全球乘用車產量將從2023年的55,834,456輛增加到2019年的57,054,295輛。隨著汽車產量持續增加,薄膜、片材等各種用途的聚碳酸酯需求量預計將相應增加,全球聚碳酸酯市場預計將持續穩定成長。
Global Polycarbonate Market size was valued at USD 22.1 billion in 2022 and is poised to grow from USD 22.7 billion in 2023 to USD 28.8 billion by 2031, growing at a CAGR of 3.0% during the forecast period (2024-2031).
The global polycarbonate market is experiencing significant growth fueled by increasing demand across various sectors such as construction, packaging, automotive, consumer goods, and medical devices. In particular, automotive manufacturers are driving this demand due to regulatory pressures aimed at reducing vehicle weight and enhancing plastic usage, resulting in a surge in polycarbonate utilization during manufacturing processes worldwide. Furthermore, within the building and construction industry, polycarbonate has emerged as a favored choice among architects and builders, thanks to its advantages such as reduced construction time, cost-effectiveness, and versatility for innovative designs. A report from Oxford Economics projected the global construction output to rise from USD 10.7 trillion in 2020 to USD 15.2 trillion by 2031, underscoring the potential for polycarbonate demand in this sector. Additionally, the automotive industry, known for its rapid growth driven by increasing passenger vehicle demand and a booming transportation sector, is relying heavily on polycarbonate due to its excellent properties, especially when blended with bisphenol and carbonyl chloride. The International Organization of Motor Vehicle Manufacturers noted an increase in global passenger car production from 55,834,456 units in 2023 to 57,054,295 units in 2019. As vehicle production continues to climb, the demand for polycarbonate in various applications such as films and sheets is expected to rise correspondingly, indicating robust growth prospects for the global polycarbonate market in the foreseeable future.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Polycarbonate market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Polycarbonate Market Segmental Analysis
Asia Pacific dominated the global polycarbonate market in 2021 and accounted for over 45% of market share owing to growing demand for polycarbonate in various industries along with the technological advancement and development in the region. According to the People's Republic of China, in 2021, the electronics industry has grown by 15.7%, with an increase of 8% from the last year. Similarly, according to the India Brand Equity Foundation, the Indian electronics industry is expected to be worth USD 520 billion by 2025, up from USD 33 billion in 2020. India is anticipated to be the world's fifth largest consumer electronics and appliances market by 2025. With the increasing electronics market, the demand for polycarbonate is also likely to increase during the forecast period.
Driver of the Global Polycarbonate Market
The global polycarbonate market is primarily propelled by the increasing need for polycarbonate plastics, particularly in lighting applications. These materials are favored for their exceptional temperature resistance, excellent light transparency, and durability against impacts. This growing demand is anticipated to significantly boost market growth during the forecast period. In India, for instance, the government initiative "Pradhan Mantri Aawas Yojana" has sanctioned approximately 11.2 million housing units, further driving the need for polycarbonate transparent sheets. Consequently, these factors collectively underscore the robust market potential for polycarbonate products globally as various industries seek reliable materials.
Restraints in the Global Polycarbonate Market
The global polycarbonate market is facing significant constraints that may impede its growth in the coming years. One major challenge is the widespread availability of alternatives that closely resemble polycarbonates, which can limit demand. Additionally, the market is affected by stringent regulations and complex approval processes set by regulatory authorities, creating hurdles for manufacturers and new entrants. These factors collectively contribute to an environment that could stifle innovation and expansion within the polycarbonate sector, making it vital for industry players to navigate these challenges effectively to sustain their market presence.
Market Trends of the Global Polycarbonate Market
The global polycarbonate market is witnessing a significant upward trend, primarily driven by the increasing demand for applications in the electrical and electronics industry. Polycarbonate's unique attributes, such as lightweight, stability, and high impact resistance, make it an ideal choice for manufacturing components like sensor parts, connectors, LCD sections, and cell phones. Additionally, its hollow form provides excellent thermal insulation, further enhancing its suitability for wire insulation in various electrical applications. As industries increasingly adopt polycarbonate for its superior performance characteristics, the market is projected to sustain robust growth in the coming years, reflecting its pivotal role in technological advancements.