Polycarbonate Pricing Report, Trend, Forecast, Demand, Historical Prices Analysis and News 2024

The polycarbonate market has been predominantly influenced by the interplay of oversupply and weak demand across various regions. This imbalance is primarily due to the cautious procurement strategies adopted by key downstream industries, notably automotive and construction, which are currently opting only for essential purchases. The surplus in the market, particularly evident in the fourth quarter of 2023, has led to promotional sales and destocking activities, especially as companies prepare for the year-end. This scenario is coupled with the impact of economic factors such as currency fluctuations, which have had a stabilizing effect in specific markets like Mexico. However, the overarching theme remains the bearish market trend, driven by an abundance of material and the hesitancy of merchants to engage in new procurements under the prevailing uncertain economic conditions.

The global polycarbonate market size reached US$ 10.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 17 Billion, at a projected CAGR of 5.10% during 2023-2032. In the last quarter of 2023, the Polycarbonate market globally was marked by a downtrend, reflecting the broader economic uncertainties impacting demand. In North America, particularly in Mexico, prices stabilized despite an overall bearish trend, influenced by the local currency's appreciation and consistent supply. The scenario in Europe was more pronounced, with a significant price reduction driven by weak demand from crucial sectors, compounded by geopolitical uncertainties and economic policies affecting market confidence. The European market, especially Germany, saw a considerable decline in prices, underscored by a bearish sentiment fueled by customer reluctance and the impact of high-interest rates.

On the other hand, in the APAC region, the market dynamics were shaped by a surplus supply and diminishing demand as companies neared the fiscal year-end, leading to price reductions and a bearish market outlook. Japan, for instance, displayed notable price adjustments in response to the market's oversupply and the cautious approach of businesses toward inventory management. This trend was mirrored in the MEA region, where an abundant supply paired with subdued demand led to downward price adjustments, with countries like Saudi Arabia experiencing significant price drops. Additionally, external factors such as currency fluctuations and geopolitical developments have played crucial roles in shaping the market, either providing temporary stability or exacerbating the bearish trend.

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