The North America Polycarbonate For Electrical And Electronics Market size is anticipated to reach USD 1.06 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 3.7% over the forecast period. The product usage in the electrical and electronics market is anticipated to grow due to a rise in the automotive and construction industries in North American countries. This is due to the fact that PC is widely being developed as a material for solar roofs for future mobility applications in Electric Vehicles (EVs) as well as housings for lights and other electrical components, such as switches, sockets, and switchboards, used in residential and commercial structures.
Rising e-commerce and logistics operations
are expected to drive the demand for commercial vehicles, thus propelling
the demand for PC in lamps enclosures of vehicles. Moreover, the concept of
automated warehouses has driven the demand for autonomous robots. Many Original
Equipment Manufacturers (OEMs) of autonomous robots use PC as a material for
their enclosures.
The U.S. entertainment industry is the largest in the
world and includes streaming content, motion pictures, video games, television
programs, and commercials. Polycarbonate offers similar properties to that of
metal alloys in terms of impact resistance, heat and chemical resistance, and
durability to be used in enclosures of consumer electronic devices. With the
shift toward digital production and distribution the demand for electronic
devices is expected to grow considerably, thereby driving the product demand.
Polycarbonate offers a higher impact-resisting
capacity & thermal stability than glass and is lightweight. This makes it
an alternative material to glass in lighting applications for residential,
commercial, and industrial structures. Moreover, it offers ease in
processability option in the housing of LED source as it can be formed into
countless shapes and sizes by shaping resins through sheet extrusion and
injection molding processes.
Request a free sample copy or
view report summary: North America Polycarbonate For Electrical And Electronics Market Report
North America Polycarbonate For
Electrical And Electronics Market Report Highlights
- The market was valued at USD 660.09 million in 2020 and is
estimated to grow at a CAGR of 3.7% from 2021 to 2028
- The IT electronics end-use segment is expected to witness the
highest CAGR over the forecast period owing to the rising demand for 5G
applications, audio, video equipment, and IT servers as a result of the
growing IT sector
- Electrical enclosures accounted for the maximum revenue share of
the overall market in 2020. The reduction in the cost of end products offered
by PC along with its lightweight characteristics, and some similar
properties to metal alloys have propelled its demand in electrical
enclosures applications
- U.S. accounted for the largest revenue share of the overall market
in 2020 and is expected to witness steady growth from 2021 to 2028
- In July 2021, Samsung SDI Co., Ltd. announced its plan to set up a
battery cell plant in the U.S. to support the auto industry’s shift to
electrification and is in talks with major automakers including Ford
Motors Company and Stellantis N.V. to establish a joint venture for EV
manufacturing
- The rising investments in EVs are expected to result in driving the
product demand in vehicle headlamps applications
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment