Polycarbonate market expansion is being driven by rising demand for the product in packaging applications. Polycarbonate market expansion is projected to be aided by shifting preferences for polymers in food and beverage packaging due to their durability. Moreover, increased demand for high strength and quality materials for packaging consumer goods and food products is expected to fuel polycarbonate market expansion throughout the predicted period. Increasing environmental concerns since these polymers are difficult to recycle and can affect both terrestrial and marine species in the environment, is projected to stifle market expansion. Moreover, the accumulation of plastic on land can create soil and water contamination, impeding the expansion of the polycarbonate industry.
According to Coherent Market Insights, the global Polycarbonate Market is was accounted for US$ 18,398.2 Mn in terms of value and by the end of 2019 and is expected to grow at a CAGR of 6.1% during the forecast period.
Key Competitors in the Polycarbonate Industry:
1. SABIC Innovative Plastics
Founded in 1971, headquartered in Amsterdam, Netherland. Manufacturer and supplier of plastic products. The company provides polyolefins, Polyvinyl chloride (PVC) and polyester, deep into the markets for engineering thermoplastics. On February 2023, md&m west 2023 new chemically resistant, thin-wall transparent lnp™ crx copolymer resins that can help improve medical device durability & sustainability. In October 2019, SABIC launched polycarbonate based on certified renewable feedstock. This polycarbonate resin can be used on existing equipment, under identical process conditions.
2. Teijin Limited
Teijin Limited was incorporated in 1918 and is headquartered in Chiyoda, Japan.. In June 2017, Teijin officially unveils world’s first polycarbonate (PC) resin pillar-less automotive front window, installed in the Tommykaira ZZ electric vehicle (EV)
3. Chi Mei Corporation
CHIMEI is a designer and manufacturer of polymer materials, synthetic rubbers, and specialty chemicals. The company was founded in 1960, headquartered in Taiwan. In August 2021, CHIMEI Corporation has announced that its subsidiary—Zhangzhou CHIMEI Chemical Co., Ltd., located in Zhangzhou, China, will be expanding its manufacturing technology blueprint, introducing the newest variPLANT®—a second-generation technology of EPC Engineering & Technologies GmbH, and the Versalis DPC process licensed by LUMMUS TECHNOLOGY LLC, to build a new Polycarbonate (PC) production site.
4. Idemitsu Kosan Co., Ltd.
Idemitsu Kosan Co.,Ltd. operates in petroleum, basic chemicals, functional materials, power and renewable energy, and resources businesses in Japan and internationally. Idemitsu Kosan Co.,Ltd. was founded in 1911 and is headquartered in Tokyo, Japan.
5. Mitsubishi Engineering-Plastics Corporation
Mitsubishi Engineering-Plastics Corporation (MEP) was established in March 1994. The company is headquarterd in Düsseldorf Germany. The MEP Portfolio includes IUPILON™ Polycarbonate Resin; XANTAR™ Polycarbonate & Blends; NOVAREX™ Polycarbonate Resin; RENY™ Polyamide MXD6 Resin; NOVADURAN™ Polybutylene Terephthalate Resin; IUPITAL™ Polyacetal Resin; IUPIACE™ Modified PPE Resin; and LEMALLOY™ Modified PPE Resin.
6. Centroplast Engineering Plastics GmbH
Founded in 1961. Headquartered in Germany. The company produce thermoplastics and semi-finished products headquartered in Marsberg in Northeast Sauerland. Centroplast is a one-hundred percent subsidiary of CENTROTEC. As an economically independent company, the company are classified in the Medical Technology & Engineering Plastics segment.
7. Bayer MaterialScience
Bayer Corporation, headquartered in Pittsburgh, is part of the worldwide Bayer Group, an international health care, nutrition and innovative materials group based in Leverkusen, Germany. The company was founded in 2015.
8. Royal DSM
Royal DSM is a purpose-led global science-based company in Nutrition, Health and Sustainable Living. The company was founded in 1902, headquartered in Netherlands. DSM delivers innovative business solutions for human nutrition, animal nutrition, personal care and aroma, medical devices, green products and applications, and new mobility and connectivity. In June 2019, Royal DSM has collaborated with Strait Access Technologies (SAT) to develop the durable and cost-effective transcatheter replacement heart valves with polymeric leaflets.
9. Asahi Kasei Chemical Corporation
Asahi Kasei Corporation manufactures, processes, and sells chemical products in Japan and internationally. The company operates through three segments: Material, Homes, and Health Care. Asahi Kasei Corporation was founded in 1922 and is headquartered in Tokyo, Japan.
*Definition- Polycarbonate is a strong, transparent, and amorphous high-performance thermoplastic polymer. It has outstanding qualities such as moisture resistance, chemical resistance, and electrical resistance, as well as thermal stability.
