Polycarbonate Market Dynamics: Key Drivers, Challenges, and Future Outlook
The global Polycarbonate (PC) market is poised for substantial growth, anticipated to reach USD 20.50 billion by 2030, growing at a CAGR of 5.41% from its 2023 value of USD 14.17 billion. Driven by the automotive, construction, and electronics industries, polycarbonate's superior material characteristics are leading to its increasing adoption over conventional materials. This versatile thermoplastic offers high-impact resistance, heat tolerance, and excellent optical clarity, positioning it as a preferred choice in various sectors.