Published: 31-Jan-2020 | Published By: Market Research Store
The published report on “Global BisphenolA Market –ByType (Crystal, Powder, and Flake), By Application (Polycarbonate Resins, Epoxy Resins, Unsaturated Polyester Resins, Flame Retardants, Protective Linings, Automobile components, PCB Laminates, Dental Sealants,and Others), By End-User Industry (Automobile, Electrical and Electronics, Construction, and Others), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” exhibits the escalating demand for global Bisphenol Amarket in 2018 was approximately USD 18Billion. It is anticipated to reach around USD 24 Billion by 2025 with a CAGR of around 6%.
Browse Full Report 196 Market Data Tables and 46 Figures spread through 196 Pages and in-depth TOC on "Bisphenol-A Market (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here - https://www.marketresearchstore.com/report/global-bisphenol-a-market-professional-survey-2019-by-581875
Bisphenol A is an organic synthetic compound that is produced by the condensation reaction between acetones and phenols.This compound is generally used at the time of the production of polycarbonates and epoxy resins which are used in the building &construction industry, the automotive industry, food containers, adhesives, composites, home appliances,and others.The demand for Bisphenol A has increased significantly down the years owing to its increased application. In 2018, the market volume registered was 8.78 Million Metric Tons which is expected to grow rapidly in the forecast years.
The global Bisphenol A market is propelling due to the increasing demand for polycarbonates that are being used extensivelyin consumer goods includingthe lining of food containers,food storage & packaging, plastic bottles, and CDs & DVDs. In addition, the growing commercial sector along with the advancing construction and automobile industry is likely to have a positive influence on the Bisphenol A market during the forecast timeframe.
Additionally, the rising demand for epoxy resins and polycarbonates in various end-user industries including paints and coatings, adhesives, packaging, electrical and electronics, and others will further supplement the Bisphenol A market growth.
However, the formation of complicate chemical resistive components by the raw materials of Bisphenol A possesses a major challenge for the global Bisphenol A market. Apart from this, the Bisphenol A’s interference with secretion, transport, production, action, function, and elimination of natural hormones by imitating the body hormones has limited its use in the food contact materials.In particular, Europe has banned its use in baby bottles along with its usage restriction in other applicationshas limited the business expansion to a major extent.
In the application segment, the Polycarbonate Resins anticipated to hold the majority of the market share of bisphenol A on a global level. The application of polycarbonate materials in the building and construction, greenhouses, automotive industry, and others has highly increased due to its superior properties such as energy absorption, weight reduction, shock absorption, restriction of explosion risks, and scratch resistance. These factors are thus likely to help drive the global Bisphenol A market growth during the forecast period.
North America is the largest market shareholder of bisphenol A owing to the growing building & construction, food, and automotive industry in the region. The production of 2 Million Pounds of polycarbonates in the U.S.along with its wide application in the baby bottles, metal food container linings, etc. is anticipated to propel the Bisphenol A market growth.
Some of the key players of the global Bisphenol A market include Teijin, Sunoco, Rhodia Brasil, Formosa Plastics, Mitsubishi Chemical Corporation, Olin Corporation, Kingboard Holdings, SABIC Innovative Plastics, Dow Chemical, Kumho P&B Chemicals, Chang Chun Plastics Co. Ltd., Vinmar International, Covestro AG, Hexion Inc., LG Chemical, Nippon Steel & Sumikin Chemical Co. Ltd., Chemicals, Mitsui Chemicals, Samyang Innochem, Nan Ya Plastics Corporation, and Bayer Material Science.
The global BisphenolA market is segmented into:
Global Bisphenol A Market: By Type
Global Bisphenol A Market: By Application
- Polycarbonate Resins
- Epoxy Resins
- Unsaturated Polyester Resins
- Flame Retardants
- Protective Linings
- Automobile Components
- PCB Laminates
- Dental Sealants
Global Bisphenol A Market: By End-User Industry
- Electrical and Electronics
Global Bisphenol AMarket: By Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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