Polycarbonate or PC is generally formed with the reaction of bisphenol A (produced through the condensation of phenol with acetone under acidic situations) with carbonyl chloride in an interfacial process, and they are strong, stiff, rigid, rugged, transparent engineering thermoplastics that can maintain rigidity up to 140°C and toughness down to -20°C or exceptional grades even lower. According to BlueQuark Research & Consulting, the global Polycarbonate market is expected to witness a significant growth rate during the forecasted period. Factors such as the surging demand from the electronics and electrical industry due to its electric and heat insulation and flame retardant properties drive the market for Polycarbonate in the forecasted market. Further, rising awareness about the properties of Polycarbonate, such as lightweight, and high durability, is expected to drive the demand of the polycarbonate market in the forecasted period. Furthermore, the development of the metro-rail projects and airports is creating a vast need for polycarbonate resins from the construction industry in the forecasted period. However, some of the factors hindering the polycarbonate sheets market are its cost for roofing applications, sensitivity to scratches, and others. The fluctuations in the price of raw materials and strict regulations associated with the production of polycarbonates are expected to impede market growth during the forecast period.

Polycarbonates are used in the medical industry to make appliances like surgical instruments and other substitutes utilized in surgeries. 

Polycarbonates make numerous corresponding equipment in the electrical and electronics industry. Some of the most common parts consist of the switching relays, sensor parts, connectors, cell phones, LCD sections, and computers, owing to their lightweight and high impact strength. Hollow polycarbonates are perfect thermal insulators, making them a preferred choice in most wire insulation applications in the electrical and electronics industry. Polycarbonate is widely used in the electronics sector to produce power housings, connectors, household appliances, and battery boxes. On the other hand, the resin's optical clarity has increased usage in headlamps, face shields, laminates, and windshields in the automotive and transportation sector. Polycarbonate comprises a group of thermoplastic polymer with carbonate groups in their chemical structure. It has several properties, including good heat absorption, moisture resistance, and chemical and electrical resistance, and it also gives a substance oxidative and thermal stability. Polycarbonate resins are formed during the polymerization process and then converted to pellets. Injection molding and other extrusion techniques can be used to process it further. This material is commonly used to manufacture electronic devices, automotive products, and construction materials. Its manufacturing process is entirely eco-friendly and recyclable. The electrical industry's innovative products propel the polycarbonates market, such as switching relays and connectors, LCD and LED sections, sensor parts and lights, smartphones, and computers. Polycarbonates are also used to produce wire insulation and coverings because they are good thermal insulators. Polycarbonate is an entirely recyclable polymer and is therefore favored as a substitute for PVC, particularly in medical devices. PC resins offer greater tensile strength & flexural modulus, meaning that they can be quickly processed and even blended with other resins such as styrene copolymers and PBT. In the recent past, regulations aimed at reducing plastic wastage highlighted the importance of recycling. PC resins being completely recyclable are expected to benefit from such rules and, in turn, ease up global supply constraints.  

The Asia-Pacific region was found to dominate the market globally due to the enormous presence of end-user industries. Rapid industrialization across the world, along with the growing demand for lightweight and impact- and shatter-resistant products, is one of the major factors driving the market's growth. Polycarbonate resins are mixed with other polymers, like Polybutylene Terephthalate and Acrylonitrile Butadiene Styrene resins, to manufacture headlamp lenses, lighting systems, and exterior and interior components. Furthermore, the widespread adoption of hollow polycarbonates for manufacturing thermally insulated consumer electronic devices, such as smartphones, computers, chargers, and battery boxes, boosts the market growth. Technological advancements, such as the growth of augmented reality and virtual reality-based devices, sensors, and drones manufactured using polycarbonates, act as another growth-inducing factor. Other factors are the widespread utilization of Polycarbonate in the agriculture industry to manufacture ultraviolet-resistant roof panels and sheets in agricultural outbuildings. The extensive research and development activities to develop high-performance plastics will drive the market further. Polycarbonate sheet is used in roofing applications as it is easy to use and has high strength, flexibility, and other fractures. The product demand from Asia-Pacific is expected to increase in the coming years, owing to countries with the fastest-growing building & construction industries. The polycarbonate sheets find application in several end-use industries owing to their exceptional physical and chemical properties. Thermoplastic polymers are preferred in the automotive sector due to the growing demand for lightweight, high-performance, and biodegradable materials for exterior and interior parts applications.

The global market for Polycarbonate is highly fragmented, with the top 5 manufacturers reporting for about 75% of the market share. In 2019, the major key players were Covestro AG, Mitsubishi Chemical Corporation, Lotte Chemical Corporation, SABIC, and Teijin Limited.

In April 2020, SABIC provided manufactured plastic products to be used to manufacture and donate vital medical equipment in the Americas region. This included the manufacture of face shields using SABIC's LEXAN polycarbonate sheets.

In January 2020, Covestro closed the sale of its European polycarbonates sheets business to Serafin. This includes key management and sales functions throughout Europe and production sites in Belgium and Italy. In 2018, this segment generated about EUR 130 million in sales.

The global Polycarbonate Market report provides deep insight into the current and future state of the Polycarbonate market across various regions. The study comprehensively analyzes the Polycarbonate market by segmenting based on geography, by type (Sheets & Films, Fiber, Blends & Others), By End-user (Electrical & Electronics, Construction, Automotive, Medical, and Others). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market shares and projects.