Top 6 Companies Dominating the Global Polycarbonate Market Landscape

The global polycarbonate market reached a volume of about 5.08 million metric tons in 2023. The market is projected to grow at a CAGR of 3.30% in the forecast period of 2024-2032 to reach around 6.82 million tons by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by rising downstream demand for polycarbonate from the automotive sector.

Polycarbonate resin finds applications across a wide range of sectors, including automotive, consumer goods, construction, packaging, and medical devices. The global automotive manufacturing sector is one of the biggest industries worldwide. In 2022, 85.4 million vehicles were produced globally, an increase of 5.7% compared to 2021.

The market is also being fuelled by the growing demand for polycarbonate sheets in medical equipment manufacturing. Medical housing and equipment made of polycarbonate plastic can be adequately sterilised to safeguard patient health as they can resist gamma radiation. Additionally, it provides greater agility of movement in surgical procedures.

More than three-fourths of polycarbonate's applications are in the construction sector, where it is most commonly used for partition walls, windows, and roofing. In 2022, the construction sector accounted for USD 9.7 trillion globally. The growth of the construction sector further expands the application of polycarbonate.

Top 6 Polycarbonate Companies in the World:

Covestro AG

Covestro AG has established its position as a prominent provider of performance materials. The company has two major segments, including performance materials and solutions and specialties with 48 production sites globally. The performance materials segment comprises Covestro’s standard polycarbonates, standard urethane components, and the necessary base chemicals.

SABIC

SABIC is ranked among the world’s largest petrochemical manufacturers, with operations in around 50 countries and a global workforce of over 31,000 professionals. Saudi Aramco owns 70% of the company's shares, with the remaining 30% being offered for sale on the Saudi stock exchange. Under its portfolio for polycarbonate, the company offers polycarbonate resins, films, and sheets.

Teijin Limited

Teijin Limited is a Japanese multinational conglomerate with a focus on advanced materials, healthcare, pharmaceutical and information technology. The company pays attention to sustainability initiatives and plans to achieve carbon neutrality by 2050. The company’s product portfolio includes polycarbonate sheet and film, polycarbonate film for optical use and polycarbonate resins including Panlite® & Multilon®, Special Polycarbonate (PC) Resin Panlite®, Polyphenylene Sulfide (PPS) Compound Resin ECOTRAN®, and others.

Mitsubishi Chemical Corporation

Mitsubishi Chemical Corporation is a leading manufacturer of chemical products, including performance materials, industrial chemicals, and healthcare solutions. The company is engaged in the production of the bio-based polycarbonate resin DURABIO™, which is derived primarily from plant-based isosorbide. Additionally, the company provides polycarbonate sheets, films, and resins.

Formosa Chemicals & Fibre Corporation

Formosa Chemicals & Fibre has emerged as a leading manufacturer of petrochemical-based products, including nylon fibre and rayon staple fibre. The company offers polycarbonate resins that find applications in eyewear, automotive components, and protective gear due to their high heat resistance.

Trinseo S.A.

Trinseo is a leading manufacturer of diverse material solutions that find applications in sectors such as building and construction, consumer goods, medicine, and mobility. The company has 22 manufacturing sites globally, with businesses in four key segments, including latex binders, engineered materials, plastic solutions, and polystyrene. The company’s product range includes CALIBRE™ polycarbonate resins that offer heat resistance and impact resistance and find applications in markets, including lighting, medical, consumer electronics, and automotive.