India Polycarbonate Market Growth, Analysis, Trend and Forecast

According to ChemAnalyst report,?“India Polycarbonate Market?Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2032”,?The India Polycarbonate Market is likely to reach around 280 thousand tonnes by FY2032, at a CAGR of 4.14% during the forecasted period. The end-use industries like Electrical & Electronics, Automotive & Transportation, Building & Construction, Consumer Products, and Medical, are anticipated to propel the Polycarbonate Market in India in the forthcoming years.

Polycarbonate is a strong, amorphous, and colourless thermoplastic polymer with organic functional groups connected by carbonate groups (-O-(C=O)-O-). Due to its distinctive qualities, which include the following, this high-performance polymer is frequently utilized as an engineering plastic. Polycarbonate is stronger and has a wider temperature than other polymers like polymethyl methacrylate (PMMA). It possesses properties like high impact resistance and good electrical qualities. Common uses include of polycarbonate include disks, protective gear, bulletproof glass, headlight lenses for vehicles, baby bottles, roofs, and glazing, among others. When polycarbonate resins are combined with additional polymers like PBT and ABS, the resulting compound's performance at high temperatures and resistance to impacts is improved. Automotive manufacturers then process the resultant substance to utilise them in the manufacturing of lighting systems, headlight lenses, exterior parts, and interior components.

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The need for polycarbonate in electrical and automotive applications has grown significantly in recent years. The product is flexible and easily mouldable, which makes it perfect for thermoforming applications. Moreover, Polycarbonates finds excessive applications in the construction industry for the manufacturing of wall panels, roof panels, skylights, and others. Moreover, the expansion of the nation's real estate and construction industries is projected to increase demand for polymers & resins and consequently fuel the market growth for polycarbonate. Additionally, during the forecast period, government initiatives for investments in energy and residential and commercial development projects are anticipated to fuel demand for polycarbonate.

The India Polycarbonate Market is segmented based on end-use, sales channel, and region. Based on end-use, the India Polycarbonate market is segregated into Electrical & Electronics, Automotive & Transportation, Building & Construction, Consumer Products, Medical, and Others. Electrical & Electronics dominates the Polycarbonate market roughly 38% by volume in FY2022, followed by the Automotive & Transportation industry.

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Regionally, Indian Polycarbonate market is segregated into four regions based on regional consumption: West, South, North, and South. In the historic period of FY2015-FY2022, North India has been the major consumer, accounting for more than 60% of Polycarbonate consumption in FY2022. Major cities located in the country’s northern and western parts include Mumbai, Delhi, Pune, Vadodara, Ahmednagar, Surat and Rajkot which are causing the huge demand for polycarbonates for usage in various industries such as electrical & electronic goods, chemical & petrochemicals, and plastic goods. As of FY2023, in India there are no domestic manufacturers of polycarbonate, and the entire demand is met through import.

“India Polycarbonate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2032” Major companies catering the Polycarbonate demand in India are Covestro AG, Lotte Chemical Corporation, SABIC Innovative Plastics, and Others.

“The growing demand of Polycarbonate to manufacture components of electronics, automotives, buildings, and medical appliances is expected to boost the India Polycarbonate Market in the forecast period until FY2032. Polycarbonate is mouldable and quite flexible, offer high resilience and a wider temperature than other polymers like polymethyl methacrylate (PMMA) due to which its is a suitable material for thermoforming applications. Through the projection period, an increase in demand of polycarbonate is anticipated to propel market expansion and present numerous opportunities for new manufacturers to bridge the supply and demand gap in the country by opening new Polycarbonate manufacturing factories.?“Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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