Press release
Polycarbonate Market size See Incredible Growth during 2031
๐๐จ๐ฅ๐ฒ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐๐๐๐The global polycarbonate market valued at US$ 19.6 Bn in 2021
It is estimated to expand at a CAGR of 6.2% from 2022 to 2031
The global polycarbonate market is expected to reach the value of US$ 37.99 Bn by the end of 2031
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/polycarbonate-market.html
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ๐ฌ' ๐๐ข๐๐ฐ๐ฉ๐จ๐ข๐ง๐ญ ๐จ๐ง ๐๐จ๐ฅ๐ฒ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ง๐๐ซ๐ข๐จ
Companies in the polycarbonate market are focusing on essential applications such as for use in building & construction, electronics, and medical implants to keep economies running during the ongoing COVID-19 outbreak. Since polycarbonate sheets are linked to the unprecedented expansion due to heat, manufacturers should increase awareness about technical information such as the degree of expansion of polycarbonate is 0.065 mm per meter per degree Celsius. On the other hand, China has emerged as the leading consumer of polycarbonate materials in Asia Pacific and accounted for nearly 60% share of the market in the region, in terms of volume, in 2020. In addition, the medical device industry in China has been expanding at a considerably high rate for the past five years.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2474
๐๐ง๐๐ซ๐๐๐ฌ๐ ๐ข๐ง ๐๐ฌ๐๐ ๐ ๐จ๐ ๐๐จ๐ฅ๐ฒ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐ข๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐, ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง, ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ, ๐๐ง๐ ๐๐๐๐ค๐๐ ๐ข๐ง๐ : ๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ ๐จ๐ ๐๐จ๐ฅ๐ฒ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ
Polycarbonate pitches have been utilized in various industries, ranging from automotive and electrical to family and medicinal enterprises. Tars have likewise been utilized for applications in the paint and bundling industries. They have additionally been utilized in development and pharmaceutical market.
Polycarbonate tars mixed are with different polymers; for instance, PBT and ABS, to enhance the last compound's effect opposition and high temperature execution. These mixes are additionally utilized in the manufacture of lighting frameworks, headlamp focal points, outside parts, and inside segments via automotive OEMs.
Polycarbonates offer desirable physical properties, such as high strength, excellent uniformity, and increased ductility. Moreover, these are lightweight and easy to use. Architectural designers prefer polycarbonate sheets as building materials over other substitutes, as these sheets help reduce construction time, lower overall construction cost, and enable the execution of innovative structural ideas. The construction industry in Asia Pacific is expanding at a notable pace, owing to high industrial growth in the region. Emerging economies offer lucrative opportunities for the construction end-use industry segment of the polycarbonate market.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2474
๐๐ข๐ฌ๐ ๐ข๐ง ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐จ๐ฅ๐ฒ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐ข๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ
In terms of application, the automotive, segment is estimated to dominate the global polycarbonate market during the forecast period
Polycarbonates are known for their high impact resistance and low weight, making them ideal for headlamp lenses and other automobile interiors. They are mixed with other polymers to design automotive parts. Other features such as high light transmission, dimensional solidness, and sturdiness, are anticipated to fuel the demand for polycarbonate films. Moreover, efforts to shrink the size of automobiles are estimated to further fuel the global polycarbonate market.
Rapid economic development and industrial growth in emerging economies is expected to propel demand for polycarbonate in the next few years
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=2474
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Rohit Bhisey
Transparency Market Research Inc.
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