The globalpolycarbonate market size was valued at USD 14.54 billion in 2022. The industry is expected 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. Theexpansion 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-19Impact:
Barriers to Trade Coupled with SupplyChain Issues Impeded the Market Growth
The COVID-19 pandemic negatively impacted the polycarbonate market. Thelockdown 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.
Segmentation:
High Availability of Standard Purpose Grade Boostedthe Segment Growth
In terms of grade, the market isclassified into standard purpose grade, food grade, medical grade, flame
retardant grade, and others. The standard purpose grade segment dominated the
market in 2022. The product of the standard purpose grade is widely available,
which boosts its demand. This factor is propelling the segment expansion.
ReportCoverage:
Thepolycarbonate market report encompasses the crucial factors 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 andongoing industry developments have been mentioned in the report. Themajor competitive strategies deployed by market players have also been
highlighted in the report.
