China Polycarbonate Market Size & Outlook, 2022-2030
China polycarbonate market, 2018-2030 (US$M)
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China polycarbonate market highlights
- The China polycarbonate market generated a revenue of USD 5,018.4 million in 2022 and is expected to reach USD 7,329.6 million by 2030.
- The China market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
- In terms of segment, other end uses was the largest revenue generating end use in 2022.
- AUTOMOTIVE is the most lucrative end use segment registering the fastest growth during the forecast period.
Polycarbonate market data book summary
| Market revenue in 2022 | USD 5,018.4 million |
| Market revenue in 2030 | USD 7,329.6 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Other end uses |
| Fastest growing segment | AUTOMOTIVE |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
| Key market players worldwide | Covestro AG, Teijin Ltd, Mitsubishi Corp, Trinseo PLC, Idemitsu Kosan Co Ltd, Lotte Chemical, LG Chem, SABIC, Lone Star Chemical, CHIMEI, Entec Polymers, RTP Company |
Other key industry trends
- In terms of revenue, China accounted for 27.4% of the global polycarbonate market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China polycarbonate market is projected to lead the regional market in terms of revenue in 2030.
- Indonesia is the fastest growing regional market in Asia Pacific and is projected to reach USD 376.4 million by 2030.
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Polycarbonate Market Scope
Polycarbonate Market Companies
| Name | Profile | # Employees | HQ | Website |
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China polycarbonate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polycarbonate market will help companies and investors design strategic landscapes.
Other end uses was the largest segment with a revenue share of 24.96% in 2022. Horizon Databook has segmented the China polycarbonate market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
Prefabricated buildings are likely to be a major trend in China, with high demand for aesthetically pleasing and sustainable materials such as rain-screen panels. Although the Chinese construction market is currently slowing down due to poor economic performance witnessed in 2021, the market remains a lucrative to invest in compared to other Western economies.
The agricultural segment is also a significant application of polycarbonate in the Chinese market, owing to the exponential increase in fruit and vegetables, tobacco, and other product demand. The food-grade packaging product also demands high polycarbonate sheet application in the region.
The electronics market in China is growing at a rapid rate owing to exponential rise in sales of wearable electronics and OLED televisions. Furthermore, sales of laptops & tablets were greatly impacted by the introduction of phablets on account of higher entertainment functions and portability. All these electronics are used polycarbonate to lower their weight and improve functionality.
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Our clientele includes a mix of polycarbonate market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China polycarbonate market , including forecasts for subscribers. This country databook contains high-level insights into China polycarbonate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China polycarbonate market size, by end use, 2018-2030 (US$M)
China Polycarbonate Market Outlook Share, 2022 & 2030 (US$M)
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