The global polycarbonatemarket size was valued at USD 14.54 billion in 2022. The industry isexpected to expand from USD 15.11 billion in 2023 to USD 21.88 billion by 2030,
exhibiting a CAGR of 5.4% over the study period. The expansion can be credited
to the growing demand for the product in various end-use applications such as
electrical, construction, medical equipment, and automotive. For example, blood
oxygenators, blood reservoirs, face mask sheets, and blood filters used in the
medical bypass circuit can be manufactured by using the product.
Fortune Business Insights™provides this information in its research report, titled “Polycarbonate Market,
2023-2030”.
COVID-19 Impact:
Barriers to Trade Coupled with Supply ChainIssues Impeded the Market Growth
The COVID-19 pandemic negatively impacted thepolycarbonate market. The lockdown disrupted the supply chains of the product,
leading to a dearth of end products such as medical equipment, sheets, films,
and face sheet masks. The production cost was also impacted due to the
fluctuating crude oil prices. This situation resulted in the closure of
production facilities by prominent manufacturers.
Report Coverage:
The polycarbonate market report encompasses the crucialfactors that have boosted market growth in recent years. It also provides
comprehensive coverage of the restraining factors, COVID-19 impact, and the key
segments in the market. In addition, future market trends and ongoing industry
developments have been mentioned in the report. The major competitive
strategies deployed by market players have also been highlighted in the report.
