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 whose organic functional groups are linked to carbonate groups (-O-(C=O)-O-). Because of its unique properties, which include high strength, formability, and heat and thermal insulation, this high-performance polymer is often used as an engineering plastic. Polycarbonate is a versatile polymer that can be used in many fields such as automotive, construction, electronics, etc. Many similar devices in the electrical and electronic industry are made of polycarbonates. Switch relays, sensor components, connectors, mobile phones, LCD panels and computers are all part of polycarbonate due to its lightness and high impact resistance.

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The main driving force behind the global polycarbonate market is the automotive industry. In the automotive industry, polycarbonate is used to make lightweight exterior and interior parts. Thanks to its unique features, the computer allows car manufacturers to add smooth curves and desirable designs to cars, reducing the weight of its components by up to half. Important exterior applications for polycarbonates and polycarbonate blends include automotive glass, panoramic roof panels, backlighting and side windows. Rapidly increasing consumer demand for stylish car models that are designed with component functionality in addition to maintaining a luxurious look would drive the demand for polycarbonate during the forecast period. Due to its high impact and shatter resistance, polycarbonate can be used in electronic devices such as cell phones, computers, chargers, game boxes, battery boxes and more. Growing demand for more innovative and technologically advanced devices is expected to support market growth in the coming years. In addition, in the medical field, polycarbonate is used as a substitute for steel and glass in the manufacture of surgical instruments, hemodialysis, drug delivery systems, blood containers, blood filters, etc., thus strengthening the polycarbonate market.

The global Polycarbonate market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Polycarbonate market is segmented into Electrical & Electronics, Automotive, Construction, and Others. Among these, the Electrical & Electronics sector is dominating the Polycarbonate market. In 2022, this sector held about 60% of the market share and will most likely stay so in the forthcoming years due to production of advanced and innovative electronic gadgets every year.

Regionally, the Asia Pacific region is dominating the Polycarbonate market. This region held a market share of approximately 65% in 2022 followed by Europe. Rapidly growing electrical & electronics industry coupled with the increased consumer spending on electronic goods coupled with the multiplying population in developing countries like India, Japan, and China are imposing a higher demand for Polycarbonate for fabricating these goods. Based on production, Asia Pacific region is dominating the Polycarbonate market with China being the key player.

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“Global Polycarbonate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032” 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.

“Being linked to the Automotive, Construction, Electrical and Electronics industry, the global Polycarbonate industry has shown a robust growth alongside growing population across the globe. Due to its unique properties such as light-weight nature, high resilience, chemical & electrical resistance, it is likely that the Polycarbonate market will most likely witness an expansion in the forecast period. With rise in urbanization, the rise in demand of new and trendy electronic gadgets and increase in the sale of vehicles is anticipated to rise, creating a demand for Polycarbonate in the forecast period by 2032. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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