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Europe Polycarbonate (PC) Market Size

The Europe Polycarbonate (PC) Market is projected to experience significant growth over the forecast period, driven by increasing demand in key sectors such as automotive, building and construction, and aerospace. The market's expansion is attributed to the rising production of vehicles and construction projects across the region, which are expected to boost the consumption of PC resin. Additionally, the aerospace industry is emerging as a fast-growing end-user, with a notable demand for high-strength and lightweight materials. Countries like Germany, Italy, and the United Kingdom are leading in terms of PC resin consumption, supported by their robust automotive and electrical and electronics industries.

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Market Size of europe polycarbonate (pc) Industry

Europe Polycarbonate (PC) Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 3.89 Billion
svg icon Market Size (2029) USD 5.15 Billion
svg icon Largest Share by End User Industry Building and Construction
svg icon CAGR (2024 - 2029) 5.77 %
svg icon Largest Share by Country Germany
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Europe Polycarbonate (PC) Market Analysis

The Europe Polycarbonate (PC) Market size is estimated at 3.89 billion USD in 2024, and is expected to reach 5.15 billion USD by 2029, growing at a CAGR of 5.77% during the forecast period (2024-2029).

3.89 Billion

Market Size in 2024 (USD)

5.15 Billion

Market Size in 2029 (USD)

4.19 %

CAGR (2017-2023)

5.77 %

CAGR (2024-2029)

Largest Market by End-user Industry

16.67 %

value share, Building and Construction, 2023

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The construction industry held the largest market share owing to the growing construction of commercial buildings and increased use of polycarbonate materials in the segment.

Fastest Growing Market by End-user Industry

7.25 %

Projected CAGR, Electrical and Electronics, 2024-2029

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Owing to the use of polycarbonate in various electrical and electronics components, the industry is likely to witness the fastest growth over the forecast period.

Largest Market by Country

13.37 %

value share, Germany, 2023

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With a 37% share in the production of machine tools and a 22% share in electrical and electronic production in Europe, Germany occupied the largest market share.

Fastest Growing Market by Country

6.23 %

Projected CAGR, United Kingdom, 2024-2029

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The nation is projected to grow at the fastest rate over the forecast period because of its expanding aerospace and electronics industries.

Leading Market Player

40.91 %

market share, Covestro AG, 2022

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Covestro is the largest polycarbonate producer in Europe, with a production capacity of 540 kilotons and a large distribution network that ensures sales in different countries.

Upcoming construction projects to boost polycarbonate demand

  • Polycarbonate (PC) is used in various applications, such as compact discs, bullet-proof glasses, car headlamp lenses, roofing, and glazing, due to its high impact strength, lightweight property, UV resistance, and optical transmission. In 2022, the European polycarbonate (PC) market accounted for 19% of the global polycarbonate (PC) market in terms of value.
  • In 2020, due to the COVID-19 pandemic, the PC market declined by 10.41% in terms of value compared to 2019, attributed to supply chain disruptions, raw material shortages, and the halting of trade exchanges throughout the region. With the resumption of production facilities, the demand for PC resin increased by 19.22% in terms of value in 2021 compared to 2020.
  • Automotive and building and construction are the region's largest consumers of PC resin. The region's new construction floor area is expected to reach 9.5 billion sq. ft in 2029 from 7.8 billion sq. ft in 2023. Vehicle production in the region is projected to reach 20.7 million units in 2029 from 18.3 million units in 2023. The region's increasing construction and vehicle production is projected to drive the demand for PC resin over the coming years.
  • Aerospace is the region's fastest-growing end-user industry for PC resin, with a projected CAGR of 7.38% in terms of value during the forecast period. The rising trend of high-strength and lightweight materials in the aerospace industry is expected to drive the demand for PC resin in the region. The region's aircraft component production revenue is projected to reach USD 348.8 billion in 2029 from USD 243.2 billion in 2023. The growing production of aerospace components in the region is projected to drive the demand for PC resin.
Europe Polycarbonate (PC) Market

Automotive production may boost the growth of polycarbonate across the region

  • Europe accounted for 19% (by volume) of the global consumption of polycarbonate resin in 2022. Polycarbonate is used in European countries, such as France and Germany, in various industries, including automotive, aerospace, and electrical and electronics. Countries such as Germany, Russia, and Italy are the leading consumers of polycarbonate resin in the region.
  • Germany is the largest consumer of polycarbonate in the region due to its growing aerospace, automotive, and electrical and electronics industries. Aircraft components and vehicle production held a share of around 16.9% by revenue and 20.19% by volume in 2021 at the regional level, driving the demand for polycarbonate resin. The growing automotive and electrical and electronics production is expected to drive the demand for polycarbonate resin.
  • The demand for polycarbonate resin in Italy is increasing significantly due to growing production in the automotive and electrical and electronics industries. Italy is the European Union's fifth-largest vehicle producer. In 2022, the country produced 1.08 million units, 6.13% (by volume) of the region. The country's electrical and electronics industry is also expanding, and the revenue is projected to amount to USD 17.15 billion in 2023. These factors are expected to drive the demand for polycarbonate resins in Europe during the forecast period.
  • The United Kingdom is expected to be the fastest-growing consumer of polycarbonate resin, with a CAGR of 6.19% by revenue during the forecast period (2023-2029). The growth in vehicle production, with the highest CAGR of 3.4% (in volume) in the region, is expected to drive the demand for PC resin in the country.

Europe Polycarbonate (PC) Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. France, Germany, Italy, Russia, United Kingdom are covered as segments by Country.

  • Polycarbonate (PC) is used in various applications, such as compact discs, bullet-proof glasses, car headlamp lenses, roofing, and glazing, due to its high impact strength, lightweight property, UV resistance, and optical transmission. In 2022, the European polycarbonate (PC) market accounted for 19% of the global polycarbonate (PC) market in terms of value.
  • In 2020, due to the COVID-19 pandemic, the PC market declined by 10.41% in terms of value compared to 2019, attributed to supply chain disruptions, raw material shortages, and the halting of trade exchanges throughout the region. With the resumption of production facilities, the demand for PC resin increased by 19.22% in terms of value in 2021 compared to 2020.
  • Automotive and building and construction are the region's largest consumers of PC resin. The region's new construction floor area is expected to reach 9.5 billion sq. ft in 2029 from 7.8 billion sq. ft in 2023. Vehicle production in the region is projected to reach 20.7 million units in 2029 from 18.3 million units in 2023. The region's increasing construction and vehicle production is projected to drive the demand for PC resin over the coming years.
  • Aerospace is the region's fastest-growing end-user industry for PC resin, with a projected CAGR of 7.38% in terms of value during the forecast period. The rising trend of high-strength and lightweight materials in the aerospace industry is expected to drive the demand for PC resin in the region. The region's aircraft component production revenue is projected to reach USD 348.8 billion in 2029 from USD 243.2 billion in 2023. The growing production of aerospace components in the region is projected to drive the demand for PC resin.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Country
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
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Europe Polycarbonate (PC) Market Size Summary

The Europe Polycarbonate (PC) Market is poised for significant growth, driven by its diverse applications and increasing demand across various industries. Polycarbonate's properties, such as high impact strength, lightweight nature, UV resistance, and optical transmission, make it a preferred material for use in compact discs, bullet-proof glasses, car headlamp lenses, roofing, and glazing. The market's recovery post-COVID-19 disruptions has been robust, with a notable resurgence in demand as production facilities resumed operations. The automotive and building and construction sectors are the primary consumers of PC resin in the region, with the aerospace industry emerging as the fastest-growing end-user. The rising trend of high-strength and lightweight materials in aerospace is expected to further bolster the demand for PC resin.

Germany, Italy, and the United Kingdom are key players in the European PC market, with Germany leading due to its strong aerospace, automotive, and electrical and electronics industries. The expanding automotive and electronics sectors in Italy and the UK's growing vehicle production are also contributing to the increased demand for polycarbonate resin. Despite challenges in the consumer electronics segment, technological advancements in robotics, virtual reality, augmented reality, IoT, and 5G connectivity are anticipated to drive demand for consumer electronics, thereby boosting the PC market. The market is fairly consolidated, with major companies like Covestro AG, Mitsubishi Chemical Corporation, SABIC, SIBUR Holding PJSC, and Trinseo dominating the landscape. Recent innovations and expansions by these companies indicate a proactive approach to meeting the growing demand for polycarbonate in Europe.

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Europe Polycarbonate (PC) Market Size - Table of Contents

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

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Country

      1. 1.2.1 France

      2. 1.2.2 Germany

      3. 1.2.3 Italy

      4. 1.2.4 Russia

      5. 1.2.5 United Kingdom

      6. 1.2.6 Rest of Europe

Europe Polycarbonate (PC) Market Size FAQs

The Europe Polycarbonate (PC) Market size is expected to reach USD 3.89 billion in 2024 and grow at a CAGR of 5.77% to reach USD 5.15 billion by 2029.

In 2024, the Europe Polycarbonate (PC) Market size is expected to reach USD 3.89 billion.

Europe Polycarbonate (PC) Market Report Snapshots

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