SAN FRANCISCO, October 25, 2016 /PRNewswire/ --
The global polycarbonate market is expected to reach USD 25.37 billion by 2024, according to a new report by Grand View Research, Inc. 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.
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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.
Browse full research report with TOC on "Polycarbonate Market Analysis By Application (Transportation, Electrical & Electronics, Construction, Packaging, Consumer Goods, Optical Media, Medical Devices) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/polycarbonate-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the polycarbonate market on the basis application and region:
Access research Insight - http://www.grandviewresearch.com/research-insights/polycarbonate-industry-crucial-additions-in-import-reliant-markets
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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