The worldwide polycarbonate market was estimated at about USD 12 billion in 2012. It is likely to reach about USD 18 billion by 2019 and expand at around 6 percent CAGR. This expansion is anticipated to happen during the projected period. This period lasts from 2013 to 2019.
Polycarbonate is a thermoplastic polymer. It is manufactured by making use of phosgene and bisphenol A as the primary raw material. Polycarbonate’s improved steadiness to heat and greater tensile strength in comparison to conventional engineering plastics are driving further demand for the polycarbonate market.
As bisphenol A is a subsidiary of crude oil, the unstable pricing of bisphenol A has been preventing further enhancement of the polycarbonate market conditions.