The India Polycarbonate market volume reached nearly 180 thousand tonnes in FY2022 and is anticipated to further grow at a steady CAGR of 4.14% during the forecast period until FY2032.
Polycarbonate is a transparent thermoplastic polymer derived from phosgene and bisphenol-A. Its high impact strength and high ductility give it a competitive edge over other plastics. The electrical and electronics industry followed by the consumer goods industry primarily drives the demand for Polycarbonate for the manufacturing of various devices owing to its lightweight and break resistance. Polycarbonate is also utilized in the manufacturing of medical syringes and single-use medical packaging. Moreover, Polycarbonates finds excessive applications in the construction industry for the manufacturing of wall panels, roof panels, skylights, and others. The demand from the construction sector is expected to remain one of the biggest factors that is contributing to Polycarbonate market. With rapid industrialization in India, the demand for automobile components and building and construction materials are anticipated to rise which will most likely fasten the Polycarbonate market expansion in the forecast period. Owing to these reasons, the Polycarbonate market is estimated to reach approximately 280 thousand tonnes by FY2032.
Based on the region, the Polycarbonate market is segmented into West, South, North, and South. In the historic period of FY2015-FY2022, North India has been the major consumer, accounting for more than 60% of Polycarbonate consumption in FY2022. Major cities located in the country’s northern and western parts include Mumbai, Delhi, Pune, Vadodara, Ahmednagar, Surat and Rajkot are which are causing the huge demand for polycarbonates for usage in various industries such as electrical & electronic goods, chemical & petrochemicals and plastic goods. As of FY2023, in India there are no domestic manufacturers of polycarbonate and the entire demand is met through import.
Based on end-use, the India Polycarbonate market is segregated into Electrical & Electronics, Automotive & Transportation, Building & Construction, Consumer Products, Medical, and Others. Among these, the Electrical & Electronics captures the majority of the Polycarbonate market roughly 38% by volume in FY2022, followed by the Automotive & Transportation industry.
Major companies catering the Polycarbonate demand in India are Covestro AG, Lotte Chemical Corporation, SABIC Innovative Plastics, and Others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2022
Estimated Year: FY2023
Forecast Period: FY2024- FY2032
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Objective of the Study:
• To assess the demand-supply scenario of Polycarbonate which covers production, demand and supply of Polycarbonate market in India.
• To analyse and forecast the market size of Polycarbonate in India.
• To classify and forecast India Polycarbonate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions, mergers & acquisitions, etc., of Polycarbonate market in India.
To extract data for India Polycarbonate market, primary research surveys were conducted with Polycarbonate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India Polycarbonate market over the coming years.
ChemAnalyst calculated Polycarbonate demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Polycarbonate to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Organizations, forums and alliances related to Polycarbonate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polycarbonate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Polycarbonate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in FY2022
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180 thousand tonnes
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Market size Volume by FY2032
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280 thousand tonnes
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Growth Rate
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CAGR of 4.14% from FY2023 to FY2032
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Base year for estimation
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FY2023
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Historic Data
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FY2015 – FY2022
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Forecast period
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FY2024 – FY2032
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Quantitative units
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Demand in thousand tonnes and CAGR from FY2023 to FY2032
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Report coverage
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Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
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Segments covered
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By End-Use: (Electrical & Electronics, Automotive & Transportation, Building & Construction, Consumer Products, Medical, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North India, South India, East India, West India
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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