Polycarbonate Market Analysis to Grow at a CAGR of 4.28% by 2032 | ChemAnalyst

NEW YORK, Calif. - May 12, 2023 - PRLog -- According to ChemAnalyst report, "Global Polycarbonate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032", The Polycarbonate market will likely experience a significant rise in the historic period of 2015-22 and is expected to grow at a CAGR of 4.28% during the forecast period by 2032. The rising demand from into Electrical & Electronics, Automotive, and Construction end-use industries, is expected to swell up the demand for the Polycarbonate market in the forecast period.

Polycarbonate is a thermoplastic polymer with organic functional groups connected by carbonate groups (-O-(C=O)-O-). Due to its unique properties, which include high durability, mouldability, and heat and thermal insulation, this high-performance polymer is frequently utilized as an engineering plastic. Polycarbonate is a versatile polymer with applications in numerous sectors such as automotive, construction, electronics, etc.  Several corresponding pieces of equipment for the electrical and electronic industries are made of polycarbonates. Switching relays, sensor components, connectors, cell phones, LCD panels, and computers are some of the parts manufactured using polycarbonate due to its low weight and high impact resistance.

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The primary driver of the Polycarbonate global market is the Automotive sector. In the automotive industry, Polycarbonate is used for the production of lightweight exterior and interior parts. Due to its unique properties, PC enable automobile manufacturers to incorporate sleek curves and desirable designs for automobiles while reducing the weight of its components by up to half. The major exterior automotive applications served by polycarbonates and polycarbonate blends include automotive glazing, panoramic roof panels, backlights, and side windows. Rapidly growing consumer demand for stylish automotive designs formulated with component functionality besides maintaining its luxurious appearance would boost the demand for Polycarbonate in the forecast period.

Due to its high impact and shatter resistance, Polycarbonate finds uses in electronic devices such as cell phones, computers, electrical chargers, gaming boxes, battery covers, and others. Growing demand for more innovative and technologically advanced gadgets is anticipated to further support the market growth in the upcoming years.
Major players in the production of Global Polycarbonate are Covestro AG, SABIC, Mitsubishi Engineering-Plastics Corporation, Lotte Chemical Corporation, LG Chem, Formosa Chemicals & Fibre Corp., Teijin Limited, Chi Mei Corporation, Idemitsu Kosan Co. Ltd. (Japan), Zhongsha (Tianjin) Petrochemical, SABIC-Sinopc JV, SHELL-CNOOC, LG Dow polycarbonate, Lutianhua Zhonglan New Materials, Wanhua Chemical, and Others.