Telecommunication Infrastructure Is Fastest Growing Segment Fueling The Growth Of Polycarbonate Market

Lucy Kart

Telecommunication Infrastructure Is Fastest Growing Segment Fueling The Growth Of Polycarbonate Market

The global Polycarbonate Market is estimated to be valued at US$ 162.07 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Polycarbonate is a type of thermoplastic polymer which is transparent and impact-resistant. Due its shatter-proof nature, it is widely used in making safety lenses and screens. It provides durability, design flexibility and optical clarity which makes it favorable choice for telecom industry.

Market key trends:

Increasing investment in 5G infrastructure across the globe is one of the key trends driving the growth of polycarbonate market. 5G requires seamless connectivity which is enabled through rugged and durables materials like polycarbonate. It is used to make durable lens and screens for wireless infrastructure such as small cell radios and macro radios. Additionally, rising demand for polycarbonate from electronics industry for making gadget screens and housings is also fueling the market growth. Its unbreakable nature makes it suitable for manufacturing durable devices.

Segment Analysis

The polycarbonate market is dominated by the automotive segment. Polycarbonate finds extensive application in automotive parts manufacturing owing to properties such as high impact strength, heat resistance, and dimensional stability. Factors such as rising vehicle production and increasing focus on lightweight materials to improve fuel efficiency are driving the demand for polycarbonate in the automotive industry.

Key Takeaways

Global Polycarbonate Market Demand is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period, due to increasing demand from the automotive and electrical & electronics industries.

Regional analysis

Asia Pacific dominated the global polycarbonate market in 2022 and is expected to maintain its leading position during the forecast period. Rapid industrialization, growing automotive production, and increasing electronics manufacturing in countries such as China, India, and South Korea are driving the polycarbonate market growth in the region.

Key players

Key players operating in the polycarbonate market are SABIC Innovative Plastics, Chi Mei Corporation, Teijin Limited, Mitsubishi Engineering-Plastics Corporation, Idemitsu Kosan Co., Ltd., Styron, Royal DSM, Centroplast Engineering Plastics GmbH, Asahi Kasei Chemical Corporation, and Bayer Material Science.

Lucy Kart

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By analyzing tissue samples, healthcare providers can identify specific genetic mutations, biomarkers, and other factors that may influence disease progression and treatment response. One of the key ways that tissue diagnostic is driving precision medicine is through the development of targeted therapies. For example, in oncology, tissue diagnostic can identify specific mutations or biomarkers that may be driving the growth and spread of cancer. For example, in cardiology, tissue diagnostic can identify biomarkers that are associated with increased risk for heart disease, allowing for early detection and intervention to prevent or manage the disease. As the field of tissue diagnostic continues to evolve and advance, it will play an increasingly important role in driving precision medicine and transforming healthcare for patients.

Global Thermoplastic Starch (TPS) Market Growth Accelerated By Sustainable Packaging Trends

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