Description: Polycarbonate, thanks to its superior material characteristics, such as heat resistance, strength-to-weight ratio, and chemical stability, is increasingly being used to replace traditional materials, including bronze, stainless steel, cast iron, and ceramics in the automotive industry. The increased demand for polycarbonate in the automotive industry is expected to drive the growth of polycarbonate market during the forecast period. Lightweight plastics are in high demand in the automotive industry due to their competitive pricing, high performance, style, reliability, strength, and safety. Plastic components weigh almost 50% lesser than similar components made from other materials, thus, providing 25%-35% improvement in fuel efficiency, which is a key factor in the automotive and transportation industry. Every 10% reduction in vehicle weight is estimated to result in a 5% to 7% reduction in fuel usage.
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Tag: Polycarbonate Market