Global Polycarbonate Market worth $35.90 Billion By 2030
According to a research report published by Spherical Insights & Consulting, the Global Polycarbonate Market Size to grow from USD 21.8 billion in 2021 to USD 35.90 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period. The polycarbonate market has grown due to the increasing demand for sustainable polymers with excellent impact and temperature resistance properties in various industries like medical device, packaging, automotive etc.
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Browse 78 market data Tables and 69 Figures spread through 279 Pages and in-depth TOC on “Global Polycarbonate Market Size, Share, and COVID-19 Impact Analysis, By Type (Foil, Strips, Sheets, Film, Plates, Tubes, Fibers and Others), By Processing Technology (Molding and Extrusion), By End User (Construction, Medical Devices, Electronics and Electrical, Optical Media, Packaging, Automotive and Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.”
View a detailed Table of Content here – https://www.sphericalinsights.com/table-of-contents/polycarbonate-market
On credit portfolios, the COVID-19 epidemic has had a negative effect. The enormous growth has hampered the solvency of customers and business in unemployment and interruption of economic activity. Central banks have adopted a proactive strategy of injecting money into the market by decreasing interest rates and implementing asset purchase programs. With persistent geopolitical tensions, global trade battles, and sporadic hurricanes and earthquakes, managing and monitoring credit, market, liquidity, and operational risk across financial markets was challenging enough. Chief risk officers and their teams have had to reevaluate outdated methods and assumptions used to manage and monitor risk due to the present pandemic crisis. The global repercussions of COVID-19 have demonstrated the significance of interconnection in international cooperation. As a result, many governments have been hurrying to find, assess, and buy trustworthy AI-powered solutions.
The sheets segment to account for the largest market size during the forecast period
Based on type, the polycarbonate market is categorized into foil, strips, sheets, film, plates, tubes, fibres and others. The sheets segment accounts for the largest market size during the forecast period. The increased demand for polycarbonate sheets is due to their numerous advantages, like lightweight, durability, crack resistance etc. Polycarbonate sheets have replaced glass and acrylic in various applications, which accounts for the largest share in the growth of the polycarbonate market.
The extrusion segment to hold a higher CAGR during the forecast period
Based on the processing technology, the polycarbonate market is categorized into moulding and extrusion. The extrusion segment to hold a higher CAGR during the forecast period. The demand for extruded polycarbonates is increasing in the electronics and electrical industry due to of their temperature and impact resistance properties. Its outstanding light transmission property makes it a good fit for various light applications.
The construction segment to hold a higher CAGR during the forecast period.
Based on the end user, the polycarbonate market is categorized into construction, medical devices, electronics and electrical, optical media, packaging, automotive and others. The construction segment to hold a higher CAGR during the forecast period. The demand for polycarbonate sheets is rising in the construction segment because of the physical properties of the sheet. Polycarbonate sheets are lightweight, can be used easily in the construction processes, highly ductile and have great strength which results in the increased demand of polycarbonate in the construction segment.
Asia Pacific to hold a higher CAGR during the forecast period.
The Global Polycarbonate Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, The Middle East and Africa. North America is estimated to account for the highest market share in 2022. North America is expected to be the largest market. The expansion in the electronics and electrical, and construction segment accounts for the largest part in the growth of the polycarbonate market, which will keep on increasing in future also.
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Major vendors in the Global Polycarbonate Market include LG Chem, Lone Star Chemical, Entec Polymers, Chi Mei Corporation, Mitsubishi Engineering Plastics Corp., SAMYANG CORPORATION, Teijin Limited, Bayer Material Science AG, Royal DSM, Asahi Kasei Chemical Corporation, Excelite, Arla Plast AB, Suzhou Omay Optical Materials Co., Ltd., Lotte Chemical Corporation, SABIC, Plazit -Polygal Group, Formosa Chemicals and Fiber Corporation, and RTP Company.
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