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Polycarbonate Market - Positive Long-Term Growth Outlook 2024

Regulatory policies are encouraging automotive OEMs to use plastics, as a means of reducing vehicular weight & improving fuel efficiency, to play a prominent role in driving growth. Polycarbonate is a completely recyclable polymer and is therefore favored as a substitute to PVC particularly in medical devices. In comparison, PC resins offer greater tensile strength & flexural modulus meaning they can be easily processed and even blended with other resins such as styrenic copolymers and PBT.

The Global Polycarbonate Market is expected to reach USD 25.37 billion by 2024, according to a new report by Grand View Research, Inc.


In the recent past, regulations aimed at reducing plastics wastage has encouraged the role of recycling. PC resins being completely recyclable are expected to benefit from such regulations, and in turn, ease up global supply constraints.

Electrical & electronics and transportation remained dominant application markets, and the segments together accounted for nearly half of the overall consumption in 2015. In the electronics sector, polycarbonate is widely used for producing power housings, connectors, household appliances and battery boxes. Furthermore, the resin’s optical clarity has led to its usage in headlamps, face shields, laminates, and windshields.

To Know More About Polycarbonate Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/polycarbonate-market

Asia Pacific offer tremendous opportunities for manufacturers as resin requirements from automotive and construction industries expected to rise significantly as a result of rising investments in passenger car production and public infrastructure. China emerged as the leading consumer in Asia Pacific and accounted for nearly 60% of the regional volume in 2015.

Top Players of Polycarbonate Market:

Key companies operating in the industry include SABIC, Bayer, Lotte Chemicals, Mitsubishi, Chi Mei Corp., RTP Co., LG Chem, and Idemitsu Kosan.

Market Segmentation of Polycarbonate Market:

The Global Polycarbonate Market segmented on the basis Application and Region.

By Application:

    Transportation
    Electrical & Electronics
    Construction
    Packaging
    Consumer Goods
    Optical Media
    Medical Devices

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East & Africa

Inquire about Polycarbonate Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1144
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