Automotive & Transportation and Building & Construction to Lead Global Market Demand for Polycarbonate (PC) Resins
Industry Experts, Inc. unveiled the market research report " Polycarbonate (PC) – A Global Market Overview ". As per this new report, the global market for PC resin will reach US$15 billion in 2023. Electrical & Electronics application is expected to account for a lion’s share of about 29% in terms of volumes in metric tons in the same year. Polycarbonate are used in a wide variety of applications including optical storage media, electronic equipment, automobiles, construction, greenhouses, exterior lighting fixtures, sports safety equipment, and medical devices. Polycarbonate products are often found in electronics which make use of their electrical insulating, heat-resistant and flame-retardant properties. Due to their impact resistant and smooth surfaces make them well suited for use in automotive headlamp lens covers. Demand for Polycarbonate (PC) resins worldwide was declined by 2.4% year-over-year in 2020 due to reduction in demand from automotive & transporta...