India Polycarbonate Market to Cross $ 475 Million by 2023
Rising
government focus on repairing of ageing infrastructure coupled with increasing
socio-economic standards of people to escalate demand for polycarbonate in
India through 2023
According to TechSci Research report, “India Polycarbonate Market By Resin Type,
By Product Type, By Application, By End User, Competition Forecast &
Opportunities, 2013 - 2023”, India polycarbonate market is forecast to surpass $ 475 million by
2023 on account of their rising use
across various end use sectors. Polycarbonate is a high-performance engineering
resin produced by reacting bisphenol-A and phosgene. Properties such as outstanding toughness,
optical transparency, rigidity and strength apart from high impact-resistant,
heat-resistant, UV resistance and flame-retardant is making polycarbonates a
favorable choice among various industries. Polycarbonates are being increasingly used across a range of
applications including roofing, shatter-resistant glass, electrical insulator
glazing, car window applications, transparent sections of the car, headlight
bezels, and skylighting, among others. Moreover, rising government focus on
development of the ageing infrastructure is further anticipated to positively
influence India polycarbonate market in the coming years.
Browse 9 market data
Tables and 46 Figures spread through 106 Pages and an in-depth TOC on “India Polycarbonate
Market"
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On the basis of type, India polycarbonate market is segmented into
polycarbonate sheets, polycarbonate tubes/pipes, polycarbonate film and others.
Of these, polycarbonate sheets segment leads the market and is expected to
maintain its dominance during forecast period as well. The dominance of this
segment is led by its high demand due to various properties such as high
durability, light weight and break resistance. Among different resin types,
virgin polycarbonate is the largest segment and is likely to continue
dominating during forecast period as well. However, regrind polycarbonate
segment is anticipated to grow at the fastest CAGR during forecast period owing
to rising demand for recycled polycarbonate keeping in view the environmental
benefits. Moreover, major government initiatives such as ‘Swachh Bharat’
mission to reduce the load of all types of wastes including plastic waste is expected
to augment demand for recycled products in the coming years.
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“West region
of India is the
largest demand generator of polycarbonates, as major listed industrial regions
such as Mumbai-Pune, Chotanagpur, Gujarat industrial region fall in western part
of India. Irreplaceable usage of polycarbonates in medical sector is hugely contributing
to the growing demand for polycarbonates across the country. Moreover, growing end
use industries such as electrical & electronics, automotive, building &
constructions, etc., is also expected to have a positive impact on the demand
scenario in the country’s polycarbonate market over the course of next five
years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“India Polycarbonate Market By
Resin Type, By Product Type, By Application, By End User, Competition Forecast
& Opportunities, 2013 - 2023”
has evaluated the future growth potential of India polycarbonate market and
provides statistics and information on market structure, size, share and future
growth. The report is intended to provide cutting-edge market intelligence and
help decision makers to take sound investment decision. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in India polycarbonate market.
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