According to ChemAnalyst report, “Bisphenol A Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Market Analysis, 2015-2030”, Bisphenol A market is projected to grow at a CAGR of 4.7% during the forecast period due to increase in end use demand for the products in which BPA is a key ingredient.
Bisphenol A (BPA) is a colorless solid which is miscible in organic solvents while soluble in water. It is produced by condensation of phenol and acetone in 2:1 ratio. BPA is an additive which not only leads to production of polycarbonate and epoxy resin but also PVC and for the coating of thermal paper. It finds extensive applications in CDs, plastic bowls, helmets, mobile phones, etc. It is also used as an additive in break fluid and in dental filling and sealing material. BPA derivatives have vast applications and can be detected in Aluminum bottles, beverages canes, etc. BPA holds a significant market share in Asia Pacific. These factors are likely to support the growth of Bisphenol-A market in the forecasted period.
Outbreak of novel coronavirus had a significant impact on the global market of BPA. As among all other applications, polycarbonate resins application has the major market demand for BPA. Polycarbonates a high-performing thermoplastic, are widely used in building and construction application. Polycarbonates has its use in automotive industries also. As during COVID-19, countries went in complete lockdown due to which the growth of the construction and automotive industries declined, and this directly affected the growth of the Bisphenol A market. However, manufacturers are sensing speedy recovery in the market as the situation is coming back on its normal path.
Read Full Report Here: https://www.chemanalyst.com/industry-report/bisphenol-a-market-57
According to ChemAnalyst report, “Bisphenol A Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, US is the largest producer and supplier of BPA. BPA has a significant market share in Asia Pacific Region holding around 54% share.
Key Players:
- Bayer Material Science AG
- Chang Chun Plastic Co.
- New Japan Chemical
- Dow Chemicals
- Mitsui Chemicals
- Mitsubishi Chemical Holding Corp.
- LG Chemical Co.
- Hexion Inc.
- Kumho P & G Chemicals
- Saudi Kyan Petrochemical Co., etc.
“Bisphenol A demand suffered a considerable blow after the onset of coronavirus. The major use of BPA is in the production of polycarbonate resins. Majority of BPA is used in the production of polycarbonate resin which is further used as a substitute for glass, in a variety of skylight and window applications. They are also used in making of roof domes, translucent walls. Polycarbonate resin also has a significant use in automotive industries. As during COVID-19, these industries suffered a decrement in their growths due to lockdown which also directly affected the growth of BPA market globally. But as economic activities are stabilizing, the usage of BPA in the production of epoxy resins has also increased. The demand for polycarbonates and epoxy resins is driving the market of BPA. However, due to its hazardous impact, it was found that regulation bodies in Europe is restricting the usage of BPA in certain end uses. Looking at the volatility in the market dynamics, it is important for global players to plan efficient utilization of their assets and strategize their expenditures to maintain their position in the Bisphenol-A market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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