Press Release

India Polycarbonate Resin Market to Cross 290 KT by 2025

Rising government focus on construction sector coupled with anticipated recovery in electronics & automotive industry to escalate demand for Polycarbonate Resin in India through 2025

According to TechSci Research report, India Polycarbonate Resin Market By Resin Type, By Product Type, By End User, By Region, Competition, Forecast & Opportunities, 2015 - 2025, India Polycarbonate resin market was valued over 196 KT in 2019 and is forecast to reach 290 KT by 2025 on account of increasing demand for polycarbonate resin across end user industries such as automotive, electrical & electronics, aerospace & defence, among others due to its properties such as outstanding toughness, optical transparency and rigidity.

Polycarbonate resin is a high-performance engineering resin which is produced by reacting bisphenol-A and phosgene through step-growth polymerization process. Another method for manufacturing polycarbonate resin involves usage of carbon dioxide in place of phosgene. Use of polycarbonate is gaining preference and popularity amongst its alternative engineering plastics in various fields like electrical & electronics, automotive lighting systems, roofing & glazing sheets, medical devices and various consumer applications. Demand for polycarbonate resin is met through imports as there is no polycarbonate manufacturing plant in India. In 2019, India imported 125 KT of virgin polycarbonate from Thailand, South Korea and Spain. These three countries accounted for around 70% of total imports to the country in 2019.  Rising government focus on construction, electrical & electronic and aviation sectors is further anticipated to positively influence India polycarbonate resin market in the coming years.

Browse 45 market data Figures and Tables spread through 106 Pages and an in-depth TOC on India Polycarbonate Resin Market"

On the basis of product type, India polycarbonate resin market is segmented into injection molded products, polycarbonate sheets, polycarbonate tubes/pipes, polycarbonate films, and others. Of these, polycarbonate injection molded product segment leads the market in 2019 and is expected to maintain its dominance during forecast period as well. The dominance of this segment is led by its high demand due to various properties such as high durability, light weight and break resistance. Among different resin types, virgin polycarbonate resin is the largest segment and is likely to continue dominating during forecast period as well. However, share of regrind polycarbonate resin segment is anticipated to increase in the upcoming years owing to rising demand for recycled polycarbonate resin keeping in view the environmental benefits. Moreover, major government initiatives such as Swachh Bharat, mission to reduce the load of all types of wastes including plastic waste and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) are expected to augment demand for polycarbonate resin in the coming years.

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Covestro (India) Pvt. Ltd., SABIC Innovative Plastics India Pvt. Ltd., Samsung SDI Corporation Limited, Lotte India Corporation Limited, Mitsubishi Chemical Corporation, Formosa Chemicals & Fibre Corporation & Trinseo S.A., Everest Industries Ltd., among others are the leading companies operating in the polycarbonate resin market. “West region of India is the largest demand generator of polycarbonate resins, as major listed industrial regions such as Mumbai-Pune, Chotanagpur, Gujarat industrial region fall in western part of India. Irreplaceable usage of polycarbonate resins in medical sector is hugely contributing to the growing demand for polycarbonate resins across the country. Moreover, growing end use industries such as electrical & electronics, automotive, building & constructions, etc., are expected to continue boosting the demand scenario in the country’s polycarbonate resin market over the course of next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Polycarbonate Resin Market By Resin Type, By Product Type, By End User, By Region, Competition, Forecast & Opportunities, 2015 - 2025 has evaluated the future growth potential of India polycarbonate resin market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India polycarbonate resin market.


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