The global polycarbonatemarket size was valued at USD 14.54 billion in2022. The industryis expected to expand from USD 15.11 billion in2023 to USD 21.88 billion by 2030, exhibiting a CAGR of 5.4% over the study period. The expansion can be creditedto the dimensional stability, excellent creep resistance, higher light
transmission, andtoughness of the product. Moreover, when the product is blended with specific
polymers such as PolyethyleneTerephthalate, Acrylonitrile Butadiene Styrene, and Poly Methyl Methacrylate
(PMMA), it demonstrates electrical conductivity.
Fortune Business Insights™ provides this information in its research report,titled “Polycarbonate Market,2023-2030”.
Source:
COVID-19Impact:
Upheavals in Supply Chain and Trade Barriers Hindered theMarket Growth
The marketwitnessed a scarcity of end products such as face sheet masks, sheets, medical
equipment, and films due to supply chain disruptions caused by the lockdown.
The imposition of trade restrictions by governments of various countries to
contain the virus transmission further hindered the market growth. Thus, these
factors led to a negative impact on the market growth during the COVID-19 era.
Segmentation:
Cost-efficiency of Standard Purpose GradeAccelerated the Segment Growth
On the basisof grade, the market is divided into flame retardant grade, food grade,
standard purpose grade, medical grade, and others. The standard purpose grade
segment accounted for the largest market share in 2022. The polycarbonate
belonging to the standard purpose grade is cost-effective. This factor is
driving the segment growth.
ReportCoverage:
The reportoffers vital insights into the driving and restraining factors impacting the
market growth. It further highlights the key segments, the latest trends, and
the COVID-19 impact on the market growth. Other aspects of the report include
the key strategic initiatives undertaken by leading market players to capture
the largest share.
