The global market for Bisphenol A (BPA) is
expected to reach USD 20.03 billion by 2020, according to a new study by Grand
View Research, Inc. BPA is largely used for the production of polycarbonates
and growing demand of polycarbonates in consumer goods and medical devices is
expected to be a key driver for the market. In addition, the growing
construction industry and growing BPA demand in automobile industry are
expected to further augment market growth. However, health hazards associated
with the use of BPA resulting in regulatory pressure is expected to be a key
challenge for the industry over the next six years.
Polycarbonate was the largest application segment
accounting for 5,083.5 kilo tons of BPA demand in 2013; followed by epoxy resin
applications, with market volume estimated at 1,414.7 kilo tons in 2013.
Superior performance of epoxy resins, in terms of thermal stability, corrosion
protection and mechanical strength for industrial applications is expected to
reflect in BPA demand; as a key monomer for these resins.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/bisphenol-a-bpa-market
Further
key findings from the study suggest:
- The global demand for BPA was 7,000.9 Kilo tons in 2013 and is expected to reach 9,618.7 Kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020.
- Asia Pacific was largest regional market for BPA with 54% of market share and revenue of USD 7.00 billion in 2013. This was owing to the presence of large number of end-user industries coupled with low labor, raw material and operating cost in the region. In addition, many conglomerates have shifted their base to Asia Pacific on account of the aforementioned reasons.
- North America and Europe are expected to witness below average growth, at an estimated CAGR of 4.5% and 4.3% respectively from 2014 to 2020. Governments of Canada and European Union have banned the use of polycarbonate’s derived products resulting in decreased demand for BPA.
- The global BPA market is somewhat fragmented with top four companies accounting for less than 45% of the market in 2013. Key companies in the market include Bayer Material Sciences, Dow Chemicals, SABIC Innovative Plastics and Mitsui Chemicals among others.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
For the purpose of this study, Grand
View Research has segmented the global BPA market on the basis of application,
product and region:
BPA
Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Polycarbonates
• Epoxy resins
• Others (Unsaturated polyester
resins, flame retardants, polyacrylate, polysulfone resins, polyetherimide,
etc.)
BPA
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Rest of Asia
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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