Polycarbonate Market
Regions Covered
USA
Europe
Asia
Regions Covered
USA
Europe
Asia
The global PC market is forecasted to grow at a CAGR of 3.4 percent to reach $14.83 billion by 2022. Major drivers, such as applications in automobile, electrical and electronics segment, etc., help in the development. The global PC market size was estimated at over $11.63 billion in 2016 with Asia driving the overall demand .Applications in electrical and electronics segment in Asia is anticipated to favor high growth rates. The global PC market has a total capacity of 5.11MMT, as of 2017.There has been a high capacity rationalization of PC in the US and Europe in the past, which had created some deficit in production, especially in Europe. Recently, China witnessed PC capacity addition of 0.27 MMT. This is expected to reduce Asia’s PC import dependency by 2020.
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