Polycarbonate Market in China by End-user and Resin Type - Forecast and Analysis 2022-2026

Published: Jan 2022 Pages: 120 SKU: IRTNTR72136

China Polycarbonate Market Forecast 2022-2026

The polycarbonate market share in China is expected to increase by USD 4.59 billion from 2021 to 2026, and the growth momentum will accelerate at a CAGR of 8.62%. The burgeoning utilization of materials across end-user industries stands out as a significant driving force. The aerospace sector, in particular, propels the necessity for miniaturization in electronic components to deliver enhanced functionalities while minimizing material expenses. This trend fuels the adoption of advanced materials, especially in optoelectronics manufacturing, owing to their superior optical and mechanical characteristics. Consequently, the expanding applications of these materials within aerospace industries are poised to accelerate overall growth.

The market report also offers information on several companies, including Chimei Corp., Covestro AG, Idemitsu Kosan Co. Ltd., LG Chem Ltd., Lotte Chemical Corp., Mitsubishi Engineering-Plastics Corp., Saudi Basic Industries Corp., SAMYANG HOLDINGS Corp., Teijin Ltd., and Trinseo SA among others.

What will the Polycarbonate Market Size in China be During the Forecast Period?

Download the Free Report Sample to Unlock the Market Size in China for the Forecast Period and Other Important Statistics

 

Market Dynamics and Customer Landscape

In China, the Market is thriving across various industries like automotive & transportation, consumer goods, construction, and packaging. Polycarbonate resin and ABS polymer are extensively utilized in foam molding, injection molding, extrusion, and vacuum forming processes. Stringent regulations and growing emphasis on recycling practices drive sustainable growth. Polycarbonate's versatility is evident in its application in safety equipment, industrial machinery, and electrical & electronics segments, including switching relays, LCD sections, sensor parts, cell phones, and computers. With its exceptional properties like steam and dry heat resilience, it finds use in automotive markets for innovations such as bullet-proof windows and headlamps. Furthermore, its utility extends to thermoforming applications in public infrastructure projects like metro-rail and greenfield airports, solidifying its prominence in the Chinese market.

Key Market Driver 

The increasing applications of the materials in end-user industries is one of the key drivers. The need for the miniaturization of electronic components has primarily been driven by the aerospace industry, which demands smaller and lighter components, mainly to provide increased functionalities at lower material costs. By following this approach, the use of advanced materials has increased in the manufacture of optoelectronics, which is primarily attributed to its superior optical and mechanical properties. Thus, the rising applications of the materials in the aerospace industries are expected to boost growth.

Significant Market Trend

The increasing popularity of the automotive industry is another factor supporting the growth in China. In the automotive industry, the materials are used in various automotive components, such as acoustic panels, instrument panels, and anti-vibration panels. the automotive industry in China records high sales due to the strong support from the government and ad hoc tax incentives. The increased local production of automobiles mitigates the issue of low plant capacity utilization of a few local manufacturers in China. It simultaneously allows domestic brands to increase their market shares. Thus, the rising demand for materials from different automotive industries in China will further enhance the market research and growth of the market during the forecast period.

Major Market Challenges

The fluctuations in prices of raw materials are hindering the growth. Crude oil is the key raw material used in the production of polycarbonate; hence, it is considerably dependent on the oil and gas industry. Fluctuations in the global prices of crude oil have a significant impact on the prices of raw materials, affecting the production cost. Meanwhile, the pricing structure of raw materials differs from one region to another, based on import and export tariffs. Thus, the uncertainty in economic activities affects the prices of raw materials that are used to produce materials, thereby posing a challenge.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on growth. The actionable insights on the market growth and trends and challenges will help companies evaluate and develop growth analysis strategies for 2022-2026.

Who are the Major Polycarbonate Market Companies in China?

The market research report analyzes the market's competitive landscape and offers information on several market companies, including:

  • Chimei Corp.
  • Covestro AG
  • Idemitsu Kosan Co. Ltd.
  • LG Chem Ltd.
  • Lotte Chemical Corp.
  • Mitsubishi Engineering-Plastics Corp.
  • Saudi Basic Industries Corp.
  • SAMYANG HOLDINGS Corp.
  • Teijin Ltd.
  • Trinseo SA

This statistical study of encompasses successful business strategies deployed by the key companies. The market in China is fragmented and the companies are deploying organic and inorganic strategies to compete in the market.

Product Insights and News

  • Chimei Corp. - The company offers the production of polycarbonate for the manufacture of optical-grade light guide plates.

The forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Market in China Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market in China, which companies can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help companies drive costs and enhance customer services during the forecast period.

The value chain of the specialty chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

What are the Revenue-generating End-user Segments in the Market in China?

To gain further insights on the market contribution of various segments Request for a FREE sample

The market share growth in China by the electrical and electronics segment will be significant during the forecast period. It is widely used in electrical and electronic applications. This is mainly due to its application in niche segments, such as liquid crystal display (LCD) panels, optical filters, and sunglasses. The increasing demand for high-resolution LCD TVs and other electronic devices is expected to increase the demand for and consumption in this segment during the forecast period. 

Market Analyst Overview

The market in China is witnessing substantial growth driven by diverse industrial applications across various sectors such as automotive & transportation, consumer goods, construction, packaging, and medical devices. Polycarbonate resin, known for its versatility and durability, finds extensive usage in foam molding, injection molding, extrusion, and vacuum forming processes. It caters to critical segments like electrical & electronics, safety equipment, and industrial machinery due to its superior properties including steam and dry heat resilience. In the automotive market, polycarbonate is utilized in bullet-proof windows, headlamps, and thermoforming applications, ensuring safety and durability. With increasing public infrastructure projects like metro-rail and greenfield airports, coupled with government support and stringent regulations promoting recycling practices, the polycarbonate market in China is poised for sustained growth and innovation.

Moreover, the market in China is thriving across diverse industries, including automotive & transportation, consumer goods, construction, packaging, and medical devices. Polycarbonate, often preferred over other materials like ABS polymer, serves as a key component in safety equipment, industrial machinery, and electrical & electronics sectors. Its applications range from switching relays, LCD sections, sensor parts in cell phones and computers to wire insulation in various electronic devices. Furthermore, its versatility extends to packaging applications, ensuring durability and reliability in various packaging categories. As China continues to bolster its infrastructure and manufacturing capabilities, the demand for polycarbonate remains robust, driven by its superior properties and wide-ranging applications across multiple industries.

The automotive and transportation industry is a vital sector driving global mobility and economic growth. Similarly, the consumer goods industry plays a crucial role in meeting the diverse needs and preferences of consumers worldwide. In parallel, the construction industry contributes to infrastructure development and urbanization, shaping the built environment. Additionally, the packaging industry plays a pivotal role in product protection, preservation, and marketing. Moreover, the medical devices industry is essential for healthcare advancements and improving patient outcomes. Safety equipment ensures workplace safety across various sectors, while the industrial machinery industry drives manufacturing processes and productivity. Together, these industries form the backbone of global economic activity and societal progress.

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Global Polycarbonate Market - The market size will grow by 1,134.11 thousand tons during 2019-2023. 

Polycarbonate Market Scope in China 

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.62%

Market growth 2022-2026

USD 4.59 billion

Market structure

Fragmented

YoY growth (%)

8.08

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Chimei Corp., Covestro AG, Idemitsu Kosan Co. Ltd., LG Chem Ltd., Lotte Chemical Corp., Mitsubishi Engineering-Plastics Corp., Saudi Basic Industries Corp., SAMYANG HOLDINGS Corp., Teijin Ltd., and Trinseo SA

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market in China Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2022 and 2026
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across China
  • Thorough market growth analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                           

***2. Market Landscape                             

                **2.1 Market ecosystem             

                                *Exhibit 01: Parent market

                **2.2: Market Characteristics    

                **2.3 Value chain analysis           

                                *Exhibit 02:  Value chain analysis: Specialty chemicals

                                *2.3.1 Inputs

                                *2.3.2 Inbound logistics

                                *2.3.3 Operations

                                *2.3.4 Outbound logistics

                                *2.3.5 Marketing and sales

***3. Market Sizing                       

                **3.1 Market definition

                                *Exhibit 03: Offerings of vendors included in the market definition

                **3.2 Market segment analysis 

                                *Exhibit 04: Market segments

                **3.3 Market size 2020 

                **3.4 Market outlook: Forecast for 2020 - 2025 

                                *3.4.1 Estimating growth rates for emerging and high-growth markets

                                *3.4.2 Estimating growth rates for mature markets

                                *Exhibit 05: Global - Market size and forecast 2021 - 2026 ($ million)

                                *Exhibit 06: Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                          

                **4.1 Five Forces Summary        

                                *Exhibit 07: Five forces analysis 2020 & 2025

                **4.2 Bargaining power of buyers           

                **4.3 Bargaining power of suppliers       

                **4.4 Threat of new entrants    

                **4.5 Threat of substitutes         

                **4.6 Threat of rivalry   

                **4.7 Market condition

                                *Exhibit 08: Market condition - Five forces 2021

***5 Market Segmentation by End-user                              

                **5.1 Market segments

                                *The segments covered in this chapter are:

  • Electrical and electronics
  • Automotive and transportation
  • Construction
  • Medical
  • Others

                            *Exhibit 09: End-user - Market share 2021-2026 (%)

                **5.2 Comparison by End-user  

                                *Exhibit 10: Comparison by End-user

                **5.3 Electrical and electronics - Market size and forecast 2021-2026       

                                *Exhibit 11: Electrical and electronics - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 12: Electrical and electronics - Year-over-year growth 2021-2026 (%)

                **5.4 Automotive and transportation - Market size and forecast 2021-2026          

                                *Exhibit 13: Automotive and transportation - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 14: Automotive and transportation - Year-over-year growth 2021-2026 (%)

                **5.5 Construction - Market size and forecast 2021-2026               

                                *Exhibit 15: Construction - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 16: Construction - Year-over-year growth 2021-2026 (%)

                **5.6 Medical - Market size and forecast 2021-2026         

                                *Exhibit 17: Medical - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 18: Medical - Year-over-year growth 2021-2026 (%)

                **5.7 Others - Market size and forecast 2021-2026           

                                *Exhibit 19: Others - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 20: Others - Year-over-year growth 2021-2026 (%)

                **5.8 Market opportunity by End-user  

                                *Exhibit 21: Market opportunity by End-user

***6 Market Segmentation by Resin type                           

                **6.1 Market segments

                                *The segments covered in this chapter are:

  • Virgin polycarbonate
  • Polycarbonate regrind

                            *Exhibit 22: Resin type - Market share 2021-2026 (%)

                **6.2 Comparison by Resin type

                                *Exhibit 23: Comparison by Resin type

                **6.3 Virgin polycarbonate - Market size and forecast 2021-2026               

                                *Exhibit 24: Virgin polycarbonate - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 25: Virgin polycarbonate - Year-over-year growth 2021-2026 (%)

                **6.4 Polycarbonate regrind - Market size and forecast 2021-2026            

                                *Exhibit 26: Polycarbonate regrind - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 27: Polycarbonate regrind - Year-over-year growth 2021-2026 (%)

                **6.5 Market opportunity by Resin type

                                *Exhibit 28: Market opportunity by Resin type

***7 Customer landscape                           

                **7.1 Overview

                                *Exhibit 29: Customer landscape

***8 Drivers, Challenges, and Trends                    

                **8.1 Market drivers     

                                *8.1.1 Increasing applications of polycarbonate materials in end-user industries

                                *8.1.2 Rising adoption of polycarbonate in the manufacturing of packaging solutions

                                *8.1.3 Growing demand for recyclable plastics

               **8.2 Market challenges             

                                *8.2.1 Fluctuations in prices of raw materials

                                *8.2.2 High production costs associated with polycarbonates

                                *8.2.3    Stringent regulations and policies

                             *Exhibit 30: Impact of drivers and challenges

                **8.3 Market trends      

                                *8.3.1 Increasing popularity of polycarbonate in automotive industry in China

                                *8.3.2 Introduction of new and advanced technologies

                                *8.3.3    Increasing adoption of hollow polycarbonates for manufacturing thermally-insulated consumer electronic devices

***9. Vendor Landscape                             

                **9.1     Competitive scenario    

                **9.2     Vendor landscape           

                                *Exhibit 31: Vendor Landscape

                **9.3     Landscape disruption    

                                *Exhibit 32: Landscape disruption

                **9.4     Industry risks    

                                *Exhibit 33: Industry risks

***10.  Vendor Analysis                              

                **10.1  Vendors covered            

                                *Exhibit 34: Vendors covered

                **10.2 Market positioning of vendors  

                                *Exhibit 35: Market positioning of vendors

                **10.3 Chimei Corp.      

                                *Exhibit 36: Chimei Corp. - Overview

                                *Exhibit 37: Chimei Corp. - Product and service

                                *Exhibit 38: Chimei Corp. - Key offerings

                **10.4 Covestro AG       

                                *Exhibit 39: Covestro AG - Overview

                                *Exhibit 40: Covestro AG - Business segments

                                *Exhibit 41: Covestro AG - Key offerings

                                *Exhibit 42: Covestro AG - Segment focus

                **10.5 Idemitsu Kosan Co. Ltd.  

                                *Exhibit 43: Idemitsu Kosan Co. Ltd. - Overview

                                *Exhibit 44: Idemitsu Kosan Co. Ltd. - Business segments

                                *Exhibit 45: Idemitsu Kosan Co. Ltd. - Key offerings

                                *Exhibit 46: Idemitsu Kosan Co. Ltd. - Segment focus

                **10.6 LG Chem Ltd.      

                                *Exhibit 47: LG Chem Ltd. - Overview

                                *Exhibit 48: LG Chem Ltd. - Business segments

                                *Exhibit 49: LG Chem Ltd. - Key offerings

                                *Exhibit 50: LG Chem Ltd. - Segment focus

                **10.7 Lotte Chemical Corp.      

                                *Exhibit 51: Lotte Chemical Corp. - Overview

                                *Exhibit 52: Lotte Chemical Corp. – Product and service

                                *Exhibit 53: Lotte Chemical Corp. - Key offerings

                **10.8 Mitsubishi Engineering-Plastics Corp.      

                                *Exhibit 54: Mitsubishi Engineering-Plastics Corp. - Overview

                                *Exhibit 55: Mitsubishi Engineering-Plastics Corp. - Product and service

                                *Exhibit 56: Mitsubishi Engineering-Plastics Corp. - Key offerings

                **10.9 Saudi Basic Industries Corp.         

                                *Exhibit 57: Saudi Basic Industries Corp. - Overview

                                *Exhibit 58: Saudi Basic Industries Corp. - Business segments

                                *Exhibit 59: Saudi Basic Industries Corp. - Key offerings

                                *Exhibit 60: Saudi Basic Industries Corp. - Segment focus

                **10.10 SAMYANG HOLDINGS Corp.      

                                *Exhibit 61: SAMYANG HOLDINGS Corp. - Overview

                                *Exhibit 62: SAMYANG HOLDINGS Corp. – Product and service

                                *Exhibit 63: SAMYANG HOLDINGS Corp. - Key offerings

                **10.11 Teijin Ltd.          

                                *Exhibit 64: Teijin Ltd. - Overview

                                *Exhibit 65: Teijin Ltd. - Business segments

                                *Exhibit 66: Teijin Ltd. - Key offerings

                                *Exhibit 67: Teijin Ltd. - Segment focus

                **10.12 Trinseo SA         

                                *Exhibit 68: Trinseo SA - Overview

                                *Exhibit 69: Trinseo SA - Business segments

                                *Exhibit 70: Trinseo SA - Key offerings

                                *Exhibit 71: Trinseo SA - Segment focus

***11. Appendix                            

                **11.1 Scope of the report         

                                *11.1.1 ????Market definition

                                *11.1.2 ????Objectives

                                *11.1.3 ????Notes and caveats

                **11.2 Currency conversion rates for US$            

                                *Exhibit 72: ?Currency conversion rates for US$?

                **11.3 Research Methodology 

                                *Exhibit 73: ?Research Methodology

                                *Exhibit 74: ??Validation techniques employed for market sizing?

                                *Exhibit 75: ??Information sources

                **11.4 List of abbreviations        

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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