Published on: May 2022
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How much information is too much information? Explore the galaxy of Polycarbonate Resin and discover the origin of plastics. Plastics? Did you hear plastics? That is right. PC is a lightweight, high-performance thermoplastic polymer with a unique combination of electrical tolerance, dimensional durability, optical clarity, strong heat resistance, and toughness. During the anticipated period, the Global Polycarbonate Resin Market is expected to grow at a healthy rate. The increase in PC consumption in the automobile industry is driving the market. The largest PC market in the world is Asia-Pacific, which accounted for 61.1 percent of global PC demand in 2014. The primary reasons driving the growth of the PC market in Asia-Pacific are the movement of various end-use industries of PC from western areas to Asia-Pacific due to low labor costs, easy availability of raw materials, and absence of severe regulations. Following North America, Western Europe is the second-largest PC market.
Hungry for more information? Come explore the market share and key trends
Western Europe, Asia-Pacific, North America, and the Rest of the World are the four regions that make up the worldwide PC market. Between 2015 and 2020, the PC Market is expected to grow at a CAGR of 4.2 percent, reaching 4,997.12 KT. Polycarbonate is a popular thermoplastic in a variety of end-use sectors, and it is frequently used as a bridge between commodity and technical plastics. One of the primary drivers of the PC market globally is the growing demand from the automobile industry, where it is utilized to make various components, glazing, and in window applications. PC is also used to make optical storage devices such as compact discs, Blu-Ray discs, and other similar devices. The detection of bisphenol-A (BPA) in food containers manufactured from PC is a key stumbling block for the PC sector. As a result, the use of PCs in the manufacture of baby bottles is prohibited. Concerns about the use of PC in other packaging substances and medicinal applications have been highlighted. The expansion of the PC market is hampered as a result of this.
Don’t just stop here..
You can keep unraveling the secrets of the huge Polycarbonate Resin market. Get to learn more from our expert report at Industry Data Analytics. https://www.industrydataanalytics.com/reports/polycarbonate-resin-market