In Texas, SNS Insider reported that the bio-based polycarbonate market size was valued at $70.16 million in 2023 and is expected to reach $139.42 million by 2032.
The report noted that the market is forecast to grow at a CAGR of 9.11% over the forecast period 2024-2032.
“The bio-based polycarbonate market is experiencing significant growth due to rising environmental awareness and a shift toward eco-friendly products. Derived from renewable resources, bio-based polycarbonates offer a sustainable alternative to traditional materials, with performance characteristics that meet the needs of industries like electronics, automotive, and packaging,” the report stated.
“Asia Pacific dominated the bio-based polycarbonate market with a 39.22% market share in 2023. The region’s growth is driven by stricter government regulations on plastic waste and rising public environmental awareness, creating a strong demand for sustainable alternatives. Developed economies like Japan and China, with advanced technological capabilities and robust infrastructure, provide an ideal environment for bio-based polycarbonate development across industries,” it added.
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Tags: bio-based polycarbonate, Texas
Category: Fuels
