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