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Polycarbonate Market is expected to Reach USD 15.8 Billion by 2029 At a CAGR of 5.7%.

Pune, Maharashtra October 14, 2022 – The report provides comprehensive market insights for industry stakeholders, including an explanation of complicated market data. The report also covers the PESTLE analysis, Porter five force analysis, Value Chain analysis and Regulatory landscape by each region like North America, Asia Pacific, Europe, Middle East & Africa and South America. The competitive landscape sections offer the profiles and SWOT analysis of major competitors in the Polycarbonate Market by product, revenue, financial situation, portfolio, growth plans, and geographical presence.

Polycarbonate has replaced the use of glass and acrylic in a variety of applications due to its numerous advantages. These PC sheets are available in a variety of thicknesses and grades. They are substantially lighter in weight than glass, but they are also more durable and resistant to breakage and cracking. These are only a few of the reasons why polycarbonates are so popular among construction users today.

China is a strong, favorable market for electronics producers, owing to the country’s low labor cost and flexible policies. In 2021, the value added in the electronics manufacturing industry in China raised by 15.7 % from the previous year. The electronics industry saw the fastest rise in products including smartphones, TVs, wires, cables, portable computer devices, gaming systems, and other personal electronic gadgets. The country exports electronic products in addition to fulfilling domestic demand for electronics.

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The downstream consumption of polycarbonate will be largely concentrated in the sector of automobiles, packaging materials, electronics, sheet films, etc. With the expansion of high-end products, the use of polycarbonate in the LED lighting and medical industry is expected to show the speedy growth over the forecast period. Moreover, in the context of carbon neutrality, polycarbonate recycling has also received high attention. 

A Significant Opportunity for New Players to Enter the Indian Market:

The demand for Polycarbonate in India is completely catered through Imports as there is no domestic production. GAIL Limited, a state-owned natural gas firm, has proposed the greenfield project to establish the first Polycarbonate Plant in the nation with a total capacity of about 1.6-2 million tons, recognizing the market’s enormous potential for new players to develop. Although the location of the factory, the amount of investment, and other details have not yet been disclosed. After completion, it is projected that this project will generate significant earnings for the nation due to the excessive demand for polycarbonates.

China Has the World’s Largest Automotive Market

China is the largest automobile market in the world. A little under 30% of all motor cars produced worldwide come from this country. They are in significant demand in the automotive industry because of their reasonable pricing, exceptional performance, versatility, style, super strength, cheap labor costs, and being lightweight and safe polymers. Fuel efficiency, a crucial factor in the transportation and automotive industries, is increased by 25% to 35% as a result of the plastic components of this material weighing almost half as less as equivalent components manufactured of other materials. A vehicle’s fuel consumption is thought to decrease by 5 to 7 % for every 10 % that its weight is reduced. This material is used in the automotive industry not just to reduce weight and fuel consumption, but also to absorb energy and cushion bumper shock. In addition to lowering the risk of explosions in fuel tanks, seat belts, airbags, door and seat assemblies, subsystems, bumpers, under-bonnet components, exterior trim, and other uses, polycarbonates are also used in automobiles.

By Product, the market has been segmented into Sheets and Films, Blends and Other. By Application, the market is segmented into personal, fishing, and to  Electronics/Electrical, Sheet/film, Automotive lighting, Automotive Others, Packaging, Optical media, Appliances/ Houseware, Consumer/ sports & recreation, Medical and Others.

Related Report Published by Maximize Market Research:

Anti-Fog Polycarbonate Films and Sheets Market

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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