Europe Polycarbonate Market Size & Outlook, 2022-2030
Europe polycarbonate market, 2018-2030 (US$M)
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Europe polycarbonate market highlights
- The Europe polycarbonate market generated a revenue of USD 3,144.8 million in 2022.
- The market is expected to grow at a CAGR of 2.5% from 2023 to 2030.
- In terms of segment, electrical & electronics 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.
- Country-wise, Spain is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 3,144.8 million |
| Market revenue in 2030 | USD 3,817.1 million |
| Growth rate | 2.5% (CAGR from 2022 to 2030) |
| Largest segment | Electrical & electronics |
| Fastest growing segment | AUTOMOTIVE |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 17.1% of the global polycarbonate market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 15,623.9 million by 2030.
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Polycarbonate Market Scope
Polycarbonate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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.
Electrical & electronics was the largest segment with a revenue share of 25.08% in 2022. Horizon Databook has segmented the Europe 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.
Well-developed infrastructure along with the presence of renowned automakers including Fiat, BMW, and Volkswagen is propelling the development of automotive sector in this region, which, in turn, is expected to boost the demand for polycarbonate in automotive applications.
In January 2023, polycarbonate prices witnessed a decline in Europe due to weak buying sentiments, inflation, and high-interest rates from end-use industries. The low demand from end-use industries including building & construction and automotive also fueled the decline in polycarbonate prices.
In addition, buyers stopped purchasing materials to minimize their spending. European manufacturers are engaged in developing new polycarbonate (PC) products. For instance, in January 2021, Nanogate collaborated with Bostik to launch a new solution for shatterproof glazing.
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Our clientele includes a mix of polycarbonate market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe polycarbonate market , including forecasts for subscribers. This continent databook contains high-level insights into Europe polycarbonate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe polycarbonate market size, by country, 2018-2030 (US$M)
Europe Polycarbonate Market Outlook Share, 2022 & 2030 (US$M)
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