Global Polycarbonate Market to be Worth US$19.6 bn by 2020 due to Rising Demand in Automotive, Consumer Electronics Design
Leading market intelligence firm Transparency Market Research has announced the release of a new research study, titled ‘ Polycarbonate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 ’. The report projects the global polycarbonate market to exhibit a steady 6.20% CAGR from 2014 to 2020 to rise from a valuation of US$12.8 bn in 2013 to close to US$19.6 bn by 2020. Polycarbonates are a type of thermoplastic polymer that offer a combination of favorable properties such as transparence, high impact resistance, and easy molding. As a result of the latter in particular, they can be shaped into diverse shapes and thus used in several applications. Due to their high impact resistance, the global polycarbonate market has found rising demand from the booming consumer electronics and automotive industries. In the automotive industry, polycarbonates are used in various applications to provide high impact resistance and durability at lower weigh...