Polycarbonate Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2021-2025

The total capacity of global polycarbonate capacity was valued at 6.10 million tonnes per annum (mtpa) in 2020 and the capacity is expected to grow at an AAGR of more than 8% during the period 2021-2025. Among regions, Asia-Pacific leads with the largest capacity contribution globally over the next five years, followed by Europe, North America, the Middle East, the Former Soviet Union, and South America. Among the key countries, China led with the largest capacity contribution globally followed by the US, South Korea, Thailand, Germany, and Japan.

Among regions, Asia-Pacific leads with the largest capacity additions for the new build and expansion of the existing Polycarbonate projects by 2025. The former Soviet Union follows next with the expansion in the region is expected to add a capacity of 0.04 mtpa from one planned project. Covestro AG had the largest capacity, and the major capacity contribution was from Covestro Thailand Map Ta Phut Polycarbonate Plant.

Overview of the global polycarbonate market

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What are the market dynamics in the global polycarbonate market?

Non-Phosgene Melt Polymerization is the dominant production process used for Polycarbonate production. In 2020, it accounted for more than 50% of the installed Polycarbonate capacity. It is followed by Interfacial Phosgenation Process and others. The key plants using Non-Phosgene Melt Polymerization are Covestro Thailand Map Ta Phut Polycarbonate Plant, Covestro Krefeld Polycarbonate Plant, and Saudi Kayan Petrochemical Company Al-Jubail Polycarbonate Plant. The key plants using Interfacial Phosgenation Process are SABIC Innovative Plastics Burkville Polycarbonate Plant, SABIC Innovative Plastics Mount Vernon Polycarbonate Plant, and Lotte Chemical Corporation Yeosu Polycarbonate Plant.

Covestro Polycarbonate Technology is the dominant technology used for Polycarbonate production. It is followed by GE Plastics Polycarbonate Technology, Asahi Kasei Polycarbonate Technology, Mitsubishi Polycarbonate Technology, and EPC Group Polycarbonate Technology. The key plants using Covestro Polycarbonate Technology are Covestro Thailand Map Ta Phut Polycarbonate Plant, Covestro Krefeld Polycarbonate Plant, and Covestro Antwerp Polycarbonate Plant. The key plants using GE Plastics Polycarbonate Technology are SABIC Innovative Plastics Burkville Polycarbonate Plant, SABIC Innovative Plastics Mount Vernon Polycarbonate Plant, and SABIC Innovative Plastics Holding Bergen op Zoom Polycarbonate Plant.

Among regions, Asia-Pacific plays a vital role in global capex in the Polycarbonate industry. Over US$1.75 billion will be spent on ten planned Polycarbonate projects between 2021 and 2025. The main capex spending will be on planned projects, Shenma Industrial Company Kaifeng Polycarbonate Plant and Shenma Industrial Company Pingdingshan Polycarbonate Plant with the capex spending of US$0.34 billion each Among the top countries, China plays a major role in global capex spending in the Polycarbonate industry. Over US$1.64 billion will be spent on eight planned and one announced Polycarbonate projects between 2021 and 2025.

Which are the key regions in the global polycarbonate market?

The key regions for the global polycarbonate market are Asia-Pacific, Middle East, North America, Former Soviet Union, South America, and Europe. Asia-Pacific leads with the largest capacity contribution globally followed by the Middle East and North America. In 2020, within Asia-Pacific, China accounted for the major capacity. Within Europe, Germany is the major contributor. In North America, the US is the major contributor.

Among the top 10 countries, China leads with the largest capacity additions followed by India and Russia. The main capacity addition in China will be from a planned project, Shenma Industrial Company Kaifeng Polycarbonate Plant and Shenma Industrial Company Pingdingshan Polycarbonate Plant. The main capacity contribution for India will be from an announced project, Reliance Industries Jamnagar Polycarbonate Plant It is expected to commence production of Polycarbonate in 2025, while, for Russia, the capacity contribution will be from a planned project, Kazanorgsintez Kazan Polycarbonate Plant which is expected to come online in 2022.

In 2020, China, South Korea, and Thailand were the key countries in Asia-Pacific, Saudi Arabia and Iran accounted for the total Polycarbonate capacity of the Middle East region, the US is the only country accounting for the entire capacity growth in North America region, Russia accounted for the total Polycarbonate capacity in the Former Soviet Union region, Brazil accounted for the entire capacity growth in the South America region.

Global polycarbonate market, by region

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Which are the key countries in the global polycarbonate market?

Among the key countries, China led with the largest capacity contribution globally followed by the US, South Korea, Thailand, and Germany. In 2020, China, the US, South Korea, Thailand, and Germany were the key countries in the world accounting for over 60% of the total Polycarbonate capacity. Among the key countries, China led with the largest capacity contribution globally, and the main capacity contribution was from the plant, Zhejiang Petrochemical Daishan Polycarbonate Plant 1. The main capacity contribution for the US was from SABIC Innovative Plastics Burkville Polycarbonate Plant, while, for South Korea, the main capacity contribution was from Lotte Chemical Corporation Yeosu Polycarbonate Plant.

Which are the key players in the global polycarbonate market?

In 2020, Covestro AG was leading the global polycarbonate company followed by Saudi Basic Industries Corp, Teijin Ltd, Mitsubishi Gas Chemical Co Inc, LOTTE Advanced Materials Co Ltd, Mitsubishi Chemical Holdings Corp, and Formosa Plastics Group.

Global polycarbonate market, key players

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Market report scope

 Scope

This report provides a comprehensive analysis of the global polycarbonate. It provides: 

• Global Polycarbonate capacity outlook by region.
• Global Polycarbonate outlook by country.
• Polycarbonate planned and announced projects details.
• Capacity share of the major Polycarbonate producers globally
• Global Polycarbonate capital expenditure outlook by region.
• Global Polycarbonate capital expenditure outlook by country.

Reasons to Buy

• Obtain the most up to date information available on active, planned, and announced polycarbonate plants globally.
• Identify key regions and countries in the industry.
• Facilitate decision-making on the basis of strong history and outlook of capacity data.