Market Size of south america polycarbonate (pc) Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 585.31 Million |
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Market Size (2029) | USD 852.29 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2029) | 7.81 % |
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Largest Share by Country | Brazil |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Polycarbonate (PC) Market Analysis
The South America Polycarbonate (PC) Market size is estimated at 585.31 million USD in 2024, and is expected to reach 852.29 million USD by 2029, growing at a CAGR of 7.81% during the forecast period (2024-2029).
585.31 Million
Market Size in 2024 (USD)
852.29 Million
Market Size in 2029 (USD)
6.64 %
CAGR (2017-2023)
7.81 %
CAGR (2024-2029)
Largest Market by End-user Industry
14.37 %
value share, Building and Construction, 2023
Owing to the high usage of polycarbonate materials in building and construction applications, such as roofing and facades, the industry held the largest market share.
Fastest Growing Market by End-user Industry
8.34 %
Projected CAGR, Electrical and Electronics, 2024-2029
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
40.12 %
value share, Brazil, 2023
With an 81% share in the production of automobiles and a 47% share in the production of electrical and electronic devices in South America, Brazil held the largest market share.
Fastest Growing Market by Country
8.35 %
Projected CAGR, Argentina, 2024-2029
Owing to its growth in industries such as automotive and electrical and electronics, the country is expected to register the fastest growth in the region over the forecast period.
Leading Market Player
37.34 %
market share, Covestro AG, 2022
Covestro has a significant consumer base for polycarbonates in South America, along with a strong distribution network that generates sales revenue, making it the market leader.
Fast-paced technological advancements to augment the demand for polycarbonates
- Polycarbonates are a class of thermoplastic polymers that are strong, tough, and, in some grades, optically transparent. They are easy to shape, mold, and thermoform. The demand for polycarbonates in the region increased by 7.7% in terms of volume in 2022 compared to 2021, majorly due to increased production output and manufacturing activities.
- The electrical and electronics industry is the largest consumer, accounting for approximately 17.38% of the overall consumption in 2022. Polycarbonates are widely used in electronic appliances such as refrigerators, air conditioners, coffee machines, food mixers, washing machines, hair dryers, steam iron, and water tanks, owing to their electrical resistance and lightweight properties. Polycarbonates are also used as a composite to enhance their properties. The industry is also the fastest growing in the region due to the rapid increase in the demand for electrical and electronic devices and technological advancements. The demand for PC from the industry is projected to register a CAGR of 8.41%, by value, during the forecast period.
- The building and construction industry is the second-largest consumer of polycarbonate, accounting for approximately 13.33% of the total consumption in 2022. Polycarbonate is useful in various applications due to its high impact and heat resistance, lightweight property, durability, high optical clarity, and excellent flammability resistance. It is widely used in building and construction products, ranging from windows and skylights to wall panels and roof domes and exterior LED lighting elements. During the forecast period, the demand for PC from the industry is expected to register a CAGR of 5.38% in volume terms.
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Understand The Key Trends Shaping This Market
Brazil to dominate the South American polycarbonate market over the forecast period
- South America accounted for 3.03% of the global consumption of polycarbonate (PC) resins in 2022. PC is an important polymer in South America for various industries, including automotive, aerospace, and electrical and electronics.
- Brazil is the largest country in terms of market consumption, with a share of around 40% in 2022, a rise from the 7.33% share registered in 2021 owing to its growth in its aerospace, automotive, and electrical and electronics industries. The country's production of aircraft components and vehicles accounted for market shares of around 96.2% and 67.9%, respectively, in 2021. Such production growth in the automotive and electrical and electronics industries is expected to drive the demand for polycarbonate resins.
- Argentina's demand for PC resins is increasing significantly in line with growing production in the automobile and electrical and electronics industries, among others. The country is the second-largest vehicle producer in South America, having produced 803,377 units in 2022, a 9.01% rise over 2021. The country is expected to be the fastest-growing consumer of PC resins in South America, with a CAGR of 8.19% by revenue during the forecast period (2023-2029). Vehicle production is expected to account for a 5.12% share of the regional market by volume by 2029, which is, in turn, expected to drive the demand for this resin in the country during the forecast period.
- The Rest of South America's regional segment is one of the largest consumers of PC resin and consists of countries such as Chile, Peru, Colombia, and Bolivia. The regional segment accounts for a considerable share of construction activity in South America, amounting to 15.29% by volume in 2022, which is expected to foster demand for PC over the coming years.
South America Polycarbonate (PC) Industry Segmentation
Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Argentina, Brazil are covered as segments by Country.
- Polycarbonates are a class of thermoplastic polymers that are strong, tough, and, in some grades, optically transparent. They are easy to shape, mold, and thermoform. The demand for polycarbonates in the region increased by 7.7% in terms of volume in 2022 compared to 2021, majorly due to increased production output and manufacturing activities.
- The electrical and electronics industry is the largest consumer, accounting for approximately 17.38% of the overall consumption in 2022. Polycarbonates are widely used in electronic appliances such as refrigerators, air conditioners, coffee machines, food mixers, washing machines, hair dryers, steam iron, and water tanks, owing to their electrical resistance and lightweight properties. Polycarbonates are also used as a composite to enhance their properties. The industry is also the fastest growing in the region due to the rapid increase in the demand for electrical and electronic devices and technological advancements. The demand for PC from the industry is projected to register a CAGR of 8.41%, by value, during the forecast period.
- The building and construction industry is the second-largest consumer of polycarbonate, accounting for approximately 13.33% of the total consumption in 2022. Polycarbonate is useful in various applications due to its high impact and heat resistance, lightweight property, durability, high optical clarity, and excellent flammability resistance. It is widely used in building and construction products, ranging from windows and skylights to wall panels and roof domes and exterior LED lighting elements. During the forecast period, the demand for PC from the industry is expected to register a CAGR of 5.38% in volume terms.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Electrical and Electronics | |
| Industrial and Machinery | |
| Packaging | |
| Other End-user Industries |
| Country | |
| Argentina | |
| Brazil | |
| Rest of South America |
Need A Different Region Or Segment?
South America Polycarbonate (PC) Market Size Summary
The South America Polycarbonate (PC) Market is experiencing significant growth, driven by its versatile applications across various industries. Polycarbonates, known for their strength, toughness, and optical transparency, are increasingly utilized in the electrical and electronics sector, which is the largest consumer in the region. This demand is fueled by the rising production of electronic appliances such as refrigerators, air conditioners, and other devices that benefit from the material's electrical resistance and lightweight properties. The building and construction industry also represents a substantial portion of polycarbonate consumption, leveraging its high impact and heat resistance, durability, and optical clarity for applications like windows, skylights, and LED lighting elements. The market is characterized by a steady expansion, with Brazil and Argentina leading in consumption due to their robust automotive and electronics industries.
The South American polycarbonate market is fairly consolidated, with major players like Covestro AG, LG Chem, Mitsubishi Chemical Corporation, SABIC, and Teijin Limited dominating the landscape. These companies are actively innovating and expanding their product offerings to meet the growing demand. For instance, Covestro AG has introduced new polycarbonate grades for healthcare applications, while SABIC has developed compounds for automotive LED lighting. The region's market is also benefiting from technological advancements and increased disposable income, which are driving the demand for consumer electronics. The presence of multinational companies and the rapid pace of electronic technological innovation further bolster the market's growth prospects, positioning South America as a key player in the global polycarbonate industry.
South America Polycarbonate (PC) Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Aerospace
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1.1.2 Automotive
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1.1.3 Building and Construction
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1.1.4 Electrical and Electronics
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1.1.5 Industrial and Machinery
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1.1.6 Packaging
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1.1.7 Other End-user Industries
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1.2 Country
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1.2.1 Argentina
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1.2.2 Brazil
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1.2.3 Rest of South America
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South America Polycarbonate (PC) Market Size FAQs
How big is the South America Polycarbonate (PC) Market?
The South America Polycarbonate (PC) Market size is expected to reach USD 585.31 million in 2024 and grow at a CAGR of 7.81% to reach USD 852.29 million by 2029.
What is the current South America Polycarbonate (PC) Market size?
In 2024, the South America Polycarbonate (PC) Market size is expected to reach USD 585.31 million.
