Rapid urbanization, rising disposable income to drive APAC's polycarbonate sheets market

06-Jul-19

The Asia Pacific polycarbonate sheets market is projected to grow at a CAGR of 6.26% over the forecast period, as per Research and Markets. Rapid urbanization and rising disposable income are leading to increased demand for consumer electronics, appliances, and sophisticated building infrastructure. This is significantly boosting the demand for polycarbonate sheets in the region. Furthermore, growing adoption of electric vehicle in countries like China, and India and growing usage of plastics in producing light weight vehicles is supporting the demand for polycarbonate sheets. Thus, the market is expected to grow at a good rate over the forecast period on account of government promoting electric vehicle production and growing regulation with respect to fuel consumption.