Stratview Research has published a new report on the Bisphenol A (BPA) Market and bifurcated the market by Application Type (Polycarbonate Resins, Epoxy Resins, Unsaturated Polyester Resins, Flame Retardants, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report, Bisphenol A (BPA) market is projected to witness healthy CAGR of 6.3% over the next five years.
What are the factors that drives the Bisphenol A (BPA) Market?
Increasing demand for polycarbonate and epoxy resins in various end-use industries, such as construction, automotive, paints and coatings, electrical & electronics, and packaging is the major factor driving high growth potential in the market during the forecast period.
What is bisphenol A?
Bisphenol A (BPA) is an industrial chemical, extensively used to make epoxy resins and polycarbonate. Both resins are widely used for various applications in automotive, consumer and sporting goods, food & beverages, electrical & electronics, medical, and building & construction industries.
How does the report help?
The reports provided by Stratview Research are a comprehensive analysis of the market potential in various industry applications. The researchers and analysts study the market minutely and focus on the opportunity of the emerging economies of the globe, so that companies can strategically make region specific plans and gain competitive edge.
- This report helps the users in understanding the strategies adopted by various key players across the globe, for the growth of the Bisphenol A (BPA) Market.
- The report studies the market conditions across all geographic regions and the data compiled here in the report are comprehensively analyzed.
- The drivers and restraints of this market are systematically analyzed so that the user could make use of every particular driver/opportunity related to the market.
- The report highlights the value chain analysis that offers key insights to the stake holders of this market.
Segment-Wise market Analysis
Based on the application type, the bisphenol A (BPA) market is segmented as polycarbonate resins, epoxy resins, unsaturated polyester resins, flame retardants, and others. The polycarbonate segment is expected to remain the dominant application of the market over the next five years. The growth of the segment is owing to the increasing usage of polycarbonate resins in building & construction and automotive industries, owing to its various benefits such as shatter resistance, lightweight, UV resistance, durability, strength and flexibility.
In terms of regions, Asia-Pacific is likely to maintain its supremacy in the market during the forecast period, mainly driven by China, Japan and India offering lucrative growth opportunities. China is the largest market for bisphenol A in the region as well as in the world, mainly driven by the presence of a large number of end-users in the country. China is among the largest markets for building and construction, automotive and electrical & electronics industries. Asia-Pacific region is also likely to exhibit the fastest growth in the market over the next five years. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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