Adoption of Polycarbonate Resins in Pillar-less Front Windows Create a New Stream of Opportunities

DUBLIN 2, Ireland - Sept. 14, 2020 - PRLog -- The latest Fact.MR study indicates that ~ 5,006 KT of polycarbonate resins were sold in 2018, and it is anticipated that the sales will rise by ~4% in 2019. The global polycarbonate resins market is highly likely to witness steady growth in the foreseeable years, which will primarily be driven by the radical increase in its applications in various industry verticals.

Rapidly expanding applications in building & construction industry, which led to ~30% of total sales of polycarbonate resins in 2018, will continue to create lucrative growth avenues for stakeholders through 2029, says the report.

Gains Abound in Future

Polycarbonate resins' applications are intensifying in a multitude of industries, ranging from electrical & electronics, and building & construction, to automotive. As per the study, bulk adoption of polycarbonate resins has been witnessed in the development of canopies, facades, security windows, shelters and skylights, tubular day lighting devices, and sloped gazing, in recent years. Wires and cables, lighting--CFL, LED, LED panels, battery housings, telephone components, radios, CD-players, and meter covers are also leveraging polycarbonate resins, as the demand for high-functionality offerings continues to spike. Polycarbonate resins also possess excellent heat resistance and insulation properties. Moreover, its flame retarding attributes are increasingly multiplying its application areas in electrical components and hardware.

Read Report- https://www.factmr.com/report/3907/polycarbonate-resins-m...

Though applications in medical industry are currently at a nascent stage, Fact.MR's analysis indicates that polycarbonate resins are likely to discover highly lucrative application opportunities in the medical industry, with extensive usage expected in wearable medical devices. Polycarbonate resins' exceptional properties make it a safe and durable choice of material for housing medical components. The study indicates that the industry's efforts on the development of advanced polycarbonate resin grades for the medical device and healthcare OEMs will gather pace, as a number of manufacturers shift their focus on squeezing margins out of untapped end-use areas. For instance, Covestro has developed polycarbonate resin medical grade for thermal wellness wearable, a bracelet type wearable device manufactured by Embr Labs.

According to the study, gains will continue to remain concentrated in the automotive industry, as the blooming trend of lightweight components is pushing the adoption of polycarbonate resins in auto manufacturing.

Fact.MR study presents the long-term outlook of the polycarbonate resins market for 2019 to 2029. The polycarbonate resins market is envisaged to register a volume CAGR of ~4% through 2029.

PR Source- https://www.factmr.com/media-release/1045/global-polycarb...