According to a new report, published by KBV research, The Global Polycarbonate Market size is expected to reach $31.7 billion by 2030, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 6,684.0 Kilo Tonnes, experiencing a growth of 2.3% (2019-2022).
Polycarbonate produces lighting fixtures, providing impact resistance and the ability to diffuse or transmit light efficiently. Transparent polycarbonate covers protect light sources in industrial and commercial settings, ensuring longevity and safety. Polycarbonate's transparency, UV resistance, and durability make it an ideal material for greenhouse panels, allowing sunlight penetration while providing insulation.
In 3D printing applications, polycarbonate is increasingly utilized, enabling the creation of customized, complex components with high impact resistance. For example, according to Invest India, the 3D printing industry in India is projected to increase from $12.6 billion in 2020 to $37.2 billion in 2026.
The Sheets & Films segment is leading the Global Polycarbonate Market, by Product Type in 2022; thereby, achieving a market value of $19.8 Billion by 2030. Polycarbonate films are used in electronic devices for displays and screens. The material's optical clarity and resistance to scratches produce high-quality screens in devices like smartphones, tablets, and laptops. Polycarbonate sheets are widely used in greenhouse construction. They provide excellent light transmission for optimal plant growth, and their durability ensures longevity in agricultural settings.
The Construction segment is experiencing a CAGR of 4.3% during (2023 - 2030). The transparency of PC allows natural light to enter buildings while providing UV resistance. Its durability and ability to withstand harsh weather conditions make it suitable for roofing applications. PC is used in greenhouse construction for panels that allow sunlight penetration. The UV resistance of PC ensures that sunlight reaches plants while providing insulation. Its durability contributes to the longevity of greenhouse structures. For example, according to Invest India, the construction sector will grow to $1.4 trillion by 2025.
Full Report: https://www.kbvresearch.com/polycarbonate-market/
The Asia Pacific region dominated the Global Polycarbonate Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $17.4 Billion by 2030. The North America region is poised to grow a CAGR of 4.3% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 4.6% during (2023 - 2030).
By Product Type (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)
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