POLYCARBONATE INDUSTRY REVOLUTION: SIZE, SHARE, AND GROWTH


The global polycarbonate market size was valued at USD 14.54 billion in 2022. The industry is expected to expand from USD 15.11 billion in 2023 to USD 21.88 billion by 2030, exhibiting a CAGR of 5.4% over the study period. The expansion can be credited to the growing demand for the product in various end-use applications such as electrical, construction, medical equipment, and automotive. For example, blood oxygenators, blood reservoirs, face mask sheets, and blood filters used in the medical bypass circuit can be manufactured by using the product.

Source: https://www.fortunebusinessinsights.com/polycarbonate-market-108509

Fortune Business Insights™ provides this information in its research report, titled “Polycarbonate Market, 2023-2030”.

COVID-19 Impact:

Barriers to Trade Coupled with Supply Chain Issues Impeded the Market Growth

The COVID-19 pandemic negatively impacted the polycarbonate market. The lockdown disrupted the supply chains of the product, leading to a dearth of end products such as medical equipment, sheets, films, and face sheet masks. The production cost was also impacted due to the fluctuating crude oil prices. This situation resulted in the closure of production facilities by prominent manufacturers.

Report Coverage:

The polycarbonate market report encompasses the crucial factors that have boosted market growth in recent years. It also provides comprehensive coverage of the restraining factors, COVID-19 impact, and the key segments in the market. In addition, future market trends and ongoing industry developments have been mentioned in the report. The major competitive strategies deployed by market players have also been highlighted in the report.

 


Created: 18/03/2024 07:15:04
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