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Asia-Pacific Polycarbonate (PC) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Asia-Pacific Polycarbonate (PC) Market is segmented by End User Industry (Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging) and by Country (Australia, China, India, Japan, Malaysia, South Korea). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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Asia-Pacific Polycarbonate (PC) Market Size

Asia-Pacific Polycarbonate (PC) Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 12.93 Billion
svg icon Market Size (2029) USD 18.32 Billion
svg icon Largest Share by End User Industry Electrical and Electronics
svg icon CAGR (2024 - 2029) 7.22 %
svg icon Largest Share by Country China
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

Compare market size and growth of Asia-Pacific Polycarbonate (PC) Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

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Asia-Pacific Polycarbonate (PC) Market Analysis

The Asia-Pacific Polycarbonate (PC) Market size is estimated at 12.93 billion USD in 2024, and is expected to reach 18.32 billion USD by 2029, growing at a CAGR of 7.22% during the forecast period (2024-2029).

12.93 Billion

Market Size in 2024 (USD)

18.32 Billion

Market Size in 2029 (USD)

7.89 %

CAGR (2017-2023)

7.22 %

CAGR (2024-2029)

Largest Market by End-user Industry

47.49 %

value share, Electrical and Electronics, 2023

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Owing to its widespread application of polycarbonate materials, majorly in device enclosures and screen panels, the electronics segment held the largest market share.

Fastest Growing Market by End-user Industry

7.93 %

Projected CAGR, Electrical and Electronics, 2024-2029

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Due to its physical properties, heat resistance, and versatility, polycarbonate is suitable for electronic components, which is expected to witness the fastest growth during the forecast period.

Largest Market by Country

60.14 %

value share, China, 2023

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With a 64.29% share in the production of machine tools and a 70.56% share in the production of electronic devices in Asia-Pacific, China held the largest market share.

Fastest Growing Market by Country

7.79 %

Projected CAGR, India, 2024-2029

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India is anticipated to be the fastest-growing nation in the market owing to its growing construction and electrical and electronics industries, coupled with cheap labor costs.

Leading Market Player

22.21 %

market share, Covestro AG, 2022

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Covestro is the largest polycarbonate producer in the Asia-Pacific region, with a production capacity of 910 kilotons. It has several expansions coming up in the region, making it the market leader.

Electrical and electronics industry to maintain its dominance

  • Polycarbonates are widely utilized in various industries due to their versatile and durable nature. They find applications in refrigerators, agricultural houses, industrial and public buildings, facades, surgical instruments, drug delivery systems, hemodialysis membranes, blood reservoirs, and blood filters. The electrical and electronics industry has been the largest consumer of polycarbonate in the region, and it accounted for over 45% of the market share in 2022.
  • Between 2017 and 2019, polycarbonate demand experienced steady growth, with Y-o-Y rates of 5.14% and 3.53%, respectively. The increasing production in the electronics industry primarily drove this growth.
  • In 2020, the COVID-19 pandemic led to operational, travel, and trade restrictions, resulting in a decline in the demand for polycarbonates by 3.71% compared to the previous year. The automotive and industrial machinery industries were particularly affected, experiencing declines of 12.52% and 16.65% in their 2019 volumes, respectively. However, as the restrictions eased, the demand for polycarbonates gradually recovered, with China and India playing a significant role in driving the growth.
  • The growing trend of substituting traditional acrylics and glass with polycarbonates is expected to drive the demand for the material in the forecast period. Among all end-user industries in the Asia-Pacific region, the electrical and electronics industry in India is projected to witness the highest growth, with a CAGR of 7.63% in terms of volume during the forecast period. Overall, the regional demand for polycarbonates is expected to record a CAGR of 5.66% in volume terms and 7.22% in value terms throughout the forecast period.
Asia-Pacific Polycarbonate (PC) Market

China to maintain its dominance both in terms of volume and value

  • The Asia-Pacific region is the largest consumer of polycarbonates globally, occupying a share of over 63.07% in 2022. In the Asia-Pacific region, polycarbonates find various applications in the electrical and electronics, automotive, aerospace components manufacturing, and healthcare devices manufacturing industries.
  • During 2017-2019, the demand for polycarbonates witnessed steady growth, mainly driven by the rapid growth in the plastic packaging industry in countries like China and India. In 2020, various restraining factors, like worker unavailability and raw material shortages caused by operational and trade restrictions during the pandemic, severely affected various end-user industries, thereby negatively affecting the polycarbonate demand in the region. Among all countries, the polycarbonate demand in Australia was affected severely. In 2020, the country's Y-o-Y demand volume declined by 40.96%, whereas the regional Y-o-Y decline was 3.71%.
  • In 2021, as the restrictions eased, the polycarbonate demand rose back to its pre-pandemic level. This growth was majorly driven by the rapid growth in industrial activities in countries like India. This growth trend is expected to continue throughout the forecast period, with India witnessing the highest growth in polycarbonate demand among all countries. Overall, the polycarbonate demand in the Asia-Pacific region is expected to record a CAGR of 5.60% (in volume) during the forecast period.

Asia-Pacific Polycarbonate (PC) Market Trends

Rapid growth in ASEAN countries to foster electronics production

  • The Asia-Pacific region saw an increase in electrical and electronics production revenue by 13.9% from 2020 to 2021. The electronics sector accounts for 20-50% of the total value of most Asian countries' exports. Consumer electronics such as televisions, radios, computers, and cellular phones are largely manufactured in the ASEAN region.
  • ASEAN leads the production of hard drives, with over 80% of hard drives being manufactured in the region. Overall, the electrical and electronics (E&E) industry in ASEAN relies more on foreign inputs and technology than other industries, with 53% of E&E exports arising from foreign value added (FVA) or foreign inputs integrated into ASEAN’s E&E exports.
  • Countries like Thailand and Malaysia lead in the production of electronics in the region. Thailand, home to one of the largest electronics assembly bases in Southeast Asia, leads in the production of hard drives, integrated circuits, and semiconductors. It ranks second in manufacturing air conditioning units and fourth in the global refrigerators market.
  • The electronics industry has greatly benefitted from ASEAN's integrated production networks, which foster improved trade with larger Asian economies like China and Japan.
  • China held an 11.2% share of global exports in electrical products and registered a growth of 5.8% in the export of digital products from 2019 to 2020. According to the Asian Development Bank, China provides a large market for electronics in the region. Countries such as Thailand, Japan, China, Malaysia, India, and the Philippines continue to lead the region in the production of electronics.
Asia-Pacific Polycarbonate (PC) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Rapid growth of civil aviation to drive the aerospace component production
  • Growing FDI, coupled with supportive government initiatives, to drive the construction industry
  • Large supply-demand gap in countries like China and India to prolong import dependency
  • Sheets and films to remain dominant during the forecast period
  • Electric vehicles to boost the automobile market in the coming years
  • Evolving consumer trends and growing e-commerce sector to amplify plastic packaging industry
  • Resin prices to remain dependent on the crude oil price
  • With PC resin is expected to reach 4.95 million tons by 2029 production of recycled PC to foster.

Asia-Pacific Polycarbonate (PC) Industry Overview

The Asia-Pacific Polycarbonate (PC) Market is moderately consolidated, with the top five companies occupying 59.21%. The major players in this market are Covestro AG, Hainan Huasheng New Material Technology Co., Ltd., Lotte Chemical, Mitsubishi Chemical Corporation and Teijin Limited (sorted alphabetically).

Asia-Pacific Polycarbonate (PC) Market Leaders

  1. Covestro AG

  2. Hainan Huasheng New Material Technology Co., Ltd.

  3. Lotte Chemical

  4. Mitsubishi Chemical Corporation

  5. Teijin Limited

Asia-Pacific Polycarbonate (PC) Market Concentration

Other important companies include CHIMEI, Formosa Plastics Group, LG Chem, Sinochem, Sinopec SABIC Tianjin Petrochemical Company (SSTPC).

*Disclaimer: Major Players sorted in alphabetical order.

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Asia-Pacific Polycarbonate (PC) Market News

  • February 2023: Covestro AG introduced Makrolon 3638 polycarbonate for healthcare and life sciences applications such as drug delivery devices, wellness and wearable devices, and single-use containers for biopharmaceutical manufacturing.
  • August 2022: Covestro AG announced plans to build its first dedicated line for the mechanical recycling (MCR) of polycarbonates in Shanghai, China, to create more sustainable solutions, primarily for electrical and electronic, automotive, and consumer goods applications.
  • August 2022: Mitsui Chemicals and Teijin Limited formed a joint venture to produce and supply biomass polycarbonate resins across Japan.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.

Asia-Pacific Polycarbonate (PC) Market
Asia-Pacific Polycarbonate (PC) Market
Asia-Pacific Polycarbonate (PC) Market
Asia-Pacific Polycarbonate (PC) Market

Asia-Pacific Polycarbonate (PC) Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

      4. 2.1.4. Electrical and Electronics

      5. 2.1.5. Packaging

    2. 2.2. Import And Export Trends

      1. 2.2.1. Polycarbonate (PC) Trade

    3. 2.3. Price Trends

    4. 2.4. Form Trends

    5. 2.5. Recycling Overview

      1. 2.5.1. Polycarbonate (PC) Recycling Trends

    6. 2.6. Regulatory Framework

      1. 2.6.1. Australia

      2. 2.6.2. China

      3. 2.6.3. India

      4. 2.6.4. Japan

      5. 2.6.5. Malaysia

      6. 2.6.6. South Korea

    7. 2.7. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Aerospace

      2. 3.1.2. Automotive

      3. 3.1.3. Building and Construction

      4. 3.1.4. Electrical and Electronics

      5. 3.1.5. Industrial and Machinery

      6. 3.1.6. Packaging

      7. 3.1.7. Other End-user Industries

    2. 3.2. Country

      1. 3.2.1. Australia

      2. 3.2.2. China

      3. 3.2.3. India

      4. 3.2.4. Japan

      5. 3.2.5. Malaysia

      6. 3.2.6. South Korea

      7. 3.2.7. Rest of Asia-Pacific

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. CHIMEI

      2. 4.4.2. Covestro AG

      3. 4.4.3. Formosa Plastics Group

      4. 4.4.4. Hainan Huasheng New Material Technology Co., Ltd.

      5. 4.4.5. LG Chem

      6. 4.4.6. Lotte Chemical

      7. 4.4.7. Mitsubishi Chemical Corporation

      8. 4.4.8. Sinochem

      9. 4.4.9. Sinopec SABIC Tianjin Petrochemical Company (SSTPC)

      10. 4.4.10. Teijin Limited

  7. 5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 6:  
  2. IMPORT REVENUE OF POLYCARBONATE (PC) TRADE BY TOP COUNTRIES, USD, ASIA-PACIFIC, 2017 - 2021
  1. Figure 7:  
  2. EXPORT REVENUE OF POLYCARBONATE (PC) TRADE BY TOP COUNTRIES, USD, ASIA-PACIFIC, 2017 - 2021
  1. Figure 8:  
  2. ASIA-PACIFIC POLYCARBONATE (PC) MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
  1. Figure 9:  
  2. REVENUE OF POLYCARBONATE (PC) BY FORM TYPE, USD, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 10:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 12:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 13:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 14:  
  2. VOLUME SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 15:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 16:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN AEROSPACE INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 17:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN AEROSPACE INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 18:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN AEROSPACE INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 19:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 21:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 22:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 23:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 24:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 25:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 27:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 28:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 29:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 30:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 31:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN PACKAGING INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN PACKAGING INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN PACKAGING INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 34:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 35:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 36:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 37:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 38:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 39:  
  2. VOLUME SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 40:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 41:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, AUSTRALIA, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
  1. Figure 44:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, CHINA, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, CHINA, 2017 - 2029
  1. Figure 46:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
  1. Figure 47:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 48:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 49:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 50:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, JAPAN, 2017 - 2029
  1. Figure 51:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, JAPAN, 2017 - 2029
  1. Figure 52:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, JAPAN, 2022 VS 2029
  1. Figure 53:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, MALAYSIA, 2017 - 2029
  1. Figure 54:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, MALAYSIA, 2017 - 2029
  1. Figure 55:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2022 VS 2029
  1. Figure 56:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, SOUTH KOREA, 2017 - 2029
  1. Figure 57:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, SOUTH KOREA, 2017 - 2029
  1. Figure 58:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2022 VS 2029
  1. Figure 59:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 60:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 61:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2022 VS 2029
  1. Figure 62:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2019 - 2021
  1. Figure 63:  
  2. MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2019 - 2021
  1. Figure 64:  
  2. PRODUCTION CAPACITY SHARE OF POLYCARBONATE (PC) BY MAJOR PLAYERS, %, ASIA-PACIFIC, 2022

Asia-Pacific Polycarbonate (PC) Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Australia, China, India, Japan, Malaysia, South Korea are covered as segments by Country.

  • Polycarbonates are widely utilized in various industries due to their versatile and durable nature. They find applications in refrigerators, agricultural houses, industrial and public buildings, facades, surgical instruments, drug delivery systems, hemodialysis membranes, blood reservoirs, and blood filters. The electrical and electronics industry has been the largest consumer of polycarbonate in the region, and it accounted for over 45% of the market share in 2022.
  • Between 2017 and 2019, polycarbonate demand experienced steady growth, with Y-o-Y rates of 5.14% and 3.53%, respectively. The increasing production in the electronics industry primarily drove this growth.
  • In 2020, the COVID-19 pandemic led to operational, travel, and trade restrictions, resulting in a decline in the demand for polycarbonates by 3.71% compared to the previous year. The automotive and industrial machinery industries were particularly affected, experiencing declines of 12.52% and 16.65% in their 2019 volumes, respectively. However, as the restrictions eased, the demand for polycarbonates gradually recovered, with China and India playing a significant role in driving the growth.
  • The growing trend of substituting traditional acrylics and glass with polycarbonates is expected to drive the demand for the material in the forecast period. Among all end-user industries in the Asia-Pacific region, the electrical and electronics industry in India is projected to witness the highest growth, with a CAGR of 7.63% in terms of volume during the forecast period. Overall, the regional demand for polycarbonates is expected to record a CAGR of 5.66% in volume terms and 7.22% in value terms throughout the forecast period.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Country
Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
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Market Definition

  • End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polycarbonate market.
  • Resin - Under the scope of the study, virgin polycarbonate resin in its primary forms such as powder, granule, etc. are considered.
Keyword Definition
Acetal This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Cast film A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion.
Colorants & Pigments Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix.
Composite material A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements.
Degree of Polymerization (DP) The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands.
Dispersion To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion.
Fiberglass Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass.
Fiber-reinforced polymer (FRP) Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt.
Flake This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics.
Fluoropolymers This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc.
Kevlar Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid.
Laminate A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width.
Nylon They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids.
PET preform A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container.
Plastic compounding Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers.
Plastic pellets Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic.
Polymerization It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds.
Styrene Copolymers A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate.
Thermoplastics Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties.
Virgin Plastic It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials.
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  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
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Asia-Pacific Polycarbonate (PC) Market Research FAQs

The Asia-Pacific Polycarbonate (PC) Market size is expected to reach USD 12.93 billion in 2024 and grow at a CAGR of 7.22% to reach USD 18.32 billion by 2029.

In 2024, the Asia-Pacific Polycarbonate (PC) Market size is expected to reach USD 12.93 billion.

Covestro AG, Hainan Huasheng New Material Technology Co., Ltd., Lotte Chemical, Mitsubishi Chemical Corporation and Teijin Limited are the major companies operating in the Asia-Pacific Polycarbonate (PC) Market.

In the Asia-Pacific Polycarbonate (PC) Market, the Electrical and Electronics segment accounts for the largest share by end user industry.

In 2024, China accounts for the largest share by country in the Asia-Pacific Polycarbonate (PC) Market.

In 2023, the Asia-Pacific Polycarbonate (PC) Market size was estimated at 12.93 billion. The report covers the Asia-Pacific Polycarbonate (PC) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Polycarbonate (PC) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Polycarbonate (PC) Industry Report

Statistics for the 2023 Asia-Pacific Polycarbonate (PC) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Polycarbonate (PC) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Asia-Pacific Polycarbonate (PC) Market Report Snapshots

Asia-Pacific Polycarbonate (PC) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029