Q. What will be the growth of the polycarbonate market?

What will be the growth of the polycarbonate market?

The polycarbonate market was estimated at USD 21.72 billion in 2021 and is likely to grow at a CAGR of 5.59% during 2022-2028 to reach USD 31.91 billion in 2028.

Polycarbonate covid impact

Polycarbonate, a sizeable market, also was unable to escape the pandemic and witnessed a decline in sales in 2020 amid the pandemic. However, due to demand from various end-use industries, the market started to rebound from the year 2021. The polycarbonate market is likely to see healthy growth in the forecast period.

What is polycarbonate?

Polycarbonates can be defined as a group of thermoplastic polymers that contain carbonate groups in their chemical structures. Such materials are strong and some grades are even optically transparent. The utility of polycarbonate is endless that includes transportation, electrical & electronics, construction, and packaging to name a few.

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Feb, 2023

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