Global PC-resins in lighting market expected to grow with 5.29%

The global PC-resins in lighting market is expected to grow at a highest growth rate in the coming years.

The global consumer demand is growing with 5.29% over the forecast period. General lighting industry is the most significant end-use industry in the global PC-resins in lighting market.

Polycarbonate resins in lighting value was $181.90 million in 2020 and is anticipated to see an upsurge during the forecast period. General lighting has accounted to be the largest market with 79% share in 2020 and will grow with CAGR of 4.84% during the forecast period.

Residential is yet another major market pertaining to polycarbonate resins in lighting. The market is anticipated to reach $28.88 million by 2025 growing at a CAGR of 4.46% from 2020 to 2025.

The total global capacity for polycarbonate stood at 3.355-mtpa in 2005, which increased to 4.335-mtpa in 2010 and this reached to 5.135-mtpa in 2016. China constituted 32% of the global capacity in 2005, which declined to 30% in the year 2010 and has further dropped to 25% in 2016. On the other hand the capacity in the Asia/Pacific region rose from 41% in 2005 to 49% in 2010 and has been constitute 57% of the global capacity in the year 2016.