Hexa Reports Market Research Reports and Insightful Company Profiles Polycarbonate Market To 2024 Driven By New Housing Starts & Resuming Civil Projects As A Result Of Monetary Policy Restructuring The global polycarbonate market is expected to reach USD 25.37 billion by 2024. Regulatory policies are encouraging automotive OEMs to use plastics, as a means of reducing vehicular weight & improving fuel efficiency, to play a prominent role in driving growth. Polycarbonate is a completely recyclable polymer and is therefore favored as a substitute to PVC particularly in medical devices. In comparison, PC resins offer greater tensile strength & flexural modulus meaning they can be easily processed and even blended with other resins such as styrenic copolymers and PBT. Browse more detail information about Polycarbonate market report at: http://www.hexareports.com/report/polycarbonate-market/details In the recent past, regulations aimed at reducing plastics wastage has encouraged the role of recycling. PC resins being completely recyclable are expected to benefit from such regulations, and in turn, ease up global supply constraints. Electrical & electronics and transportation remained dominant application markets, and the segments together accounted for nearly half of the overall consumption in 2015. In the electronics sector, polycarbonate is widely used for producing power housings, connectors, household appliances and battery boxes. Furthermore, the resin's optical clarity has led to its usage in headlamps, face shields, laminates, and windshields. Hexa Reports Market Research Reports and Insightful Company Profiles Get a PDF Sample of Polycarbonate Market Research Report at: http://www.hexareports.com/sample/181825 The global polycarbonate market demand exceeded 4.30 million tons in 2015 and is expected to reach 7.72 million tons by 2024, growing at a CAGR of 6.9% from 2016 to 2024 Asia Pacific offer tremendous opportunities for manufacturers as resin requirements from automotive and construction industries expected to rise significantly as a result of rising investments in passenger car production and public infrastructure China emerged as the leading consumer in Asia Pacific and accounted for nearly 60% of the regional volume in 2015 Against the backdrop of slowing GDP growth, China offers opportunities in the construction sector. New housing starts and resuming civil projects as a result of monetary policy restructuring and liquidity easing will be the primary demand driving factor Global polycarbonate trade balance stood at a deficit of USD 2.84 billion signifying concentration of production activities. The U.S. was the leading exporter with trade value estimated at USD 1.22 billion in 2015. In contrast, China was the largest importer of PC resins with trade value estimated at nearly USD 4.0 billion in 2015. During the same period, Chinese exports were valued at USD 650 million. Diversifying operational presence remains a key factor for producers. Establishing commercial supply agreements with end-users such as automotive OEMs and electronics manufacturers remains crucial for a stable consumer base Key companies operating in the industry include SABIC, Bayer, Lotte Chemicals, Mitsubishi, Chi Mei Corp., RTP Co., LG Chem, and Idemitsu Kosan To know more about Polycarbonate market forecast view detail TOC @ http://www.hexareports.com/report/polycarbonate-market/details About Us: Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Information: Ryan Shaw Hexa Reports Market Research Reports and Insightful Company Profiles Felton Office Plaza, 6265 Highway 9, Felton, California, 95018, United States Phone Number 1-800-489-3075 Email Us: [email protected] Our Website: http://www.hexareports.com/ Visit our Blog: http://hexareports.blogspot.com/ Like our Facebook page: https://www.facebook.com/hexareportsindustry/ Follow us on LinkedIn: https://www.linkedin.com/company/hexa-reports-inc-
The global polycarbonate market is expected to reach USD 25.37 billion by 2024. Regulatory policies are encouraging automotive OEMs to use plastics, as a means of reducing vehicular weight & improving fuel efficiency, to play a prominent role in driving growth.
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