Bisphenol A (BPA) Market Segmentation By Product, Type, Share, Revenue, & Forecast, 2020
Bisphenol A (BPA) Market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development.
(firmenpresse) - The global Bisphenol A (BPA) Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
Bisphenol A (BPA) is an artificial compound which is derived from acrylonitrile, butadiene and styrene. It is mainly used in the production of polycarbonates and epoxy resins. Additionally, it plays a vital role in the production of polyetherimide, unsaturated polyester resins, polyacrylates, polysulfone resins and flame retardants.
Key Players:
Bayer Material Science
Chang Chun Plastics Co.
Dow Chemicals
Kumho P&B Chemicals
LG Chemical Co.
Mitsubishi Chemical Holdings Corporation
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Growth Drivers:
BPA finds significant use in the manufacturing of polysulfones and polyether ketones, which act as antioxidants in plasticizers and inhibits polymerization in PVC pipes. Strong use of polycarbonates for manufacturing plastics is one of the important driving factors of market demand.
Construction, electronics industries and automotive industries are expected to boost the product utilization over the next couple of years.
Growing R&D activities are likely to provide new opportunities in the global industry. The health hazards on account of continuous usage of BPA in food applications, is considered to be a restraining factor over the forecast period.
Applications Outlook:
Polycarbonates
Epoxy resins
Regional Insights:
Asia Pacific is one of the prominent manufacturers as well as consumers of the global BPA market. This is owing to the presence of significant production base that includes significant development of polymer processing sectors, and low costs of raw material, labor and operations. There is a steady growth in demand for BPA in countries such as India and China. Many of the well-established companies from the U.S. have transferred their manufacturing operations to Asia Pacific, due to the aforementioned factors.
Europe and North America are other important regional consumers of the global market. The governments of Canada and countries in the European Union have prohibited use of polycarbonate resins in manufacturing bottles for infants. Despite, no ban in the U.S. on baby bottles, supply of the same products has been terminated over the recent years, due to rising health concerns. Such kind of government regulations have acted as restraints for industry growth.
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Themen in dieser Pressemitteilung:
chemicals-materials
bisphenol-a-bpa-market
bisphenol-a-bpa-market-news
global-bisphenol-a-bpa-industry-size
bisphenol-a-bpa-market-share
bisphenol-a-bpa-market-demand
bisphenol-a-bpa-market-analysis
bisphenol-a-bpa-market-research
Unternehmensinformation / Kurzprofil:
Datum: 22.09.2020 - 12:44 Uhr
Sprache: Deutsch
News-ID 619844
Anzahl Zeichen: 3314
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 4086102300
Kategorie:
Chemical industry
Typ of Press Release: Financial
type of sending: don't
Date of sending: 22.09.2020
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