Rising demand for polycarbonate plastics is expected to boost the growth of the global bisphenol A (BPA) market, which is expected to post a CAGR of 5% from 2015-2019, says research firm Technavio.
BPA: About the Report
BPA is a carbon-based synthetic compound used in the production of polycarbonate plastics and epoxy resins. Polycarbonate plastics have high tensile strength and high thermal stability properties, which makes them useful in the packaging industry, as they can be cleaned easily.
“The light weight property of polycarbonate plastics makes them efficient for the production of light vehicles,” says Faisal Ghaus, Vice President of Technavio.
“Polycarbonate plastics are used in various industries, including electronics, construction and automotive, and demand for this plastic is increasing gradually.”
Furthermore, the market research report by Technavio also emphasizes BPA products that are increasingly being used for various industrial applications.
“BPA is used to make epoxy resins, which can then be made into highly efficient, lightweight wind turbine blades,” says Ghaus.
Market Scope and Calculation of Market Size
The new report covers the present scenario and the growth prospects of the global BPA market from 2015-2019. Technavio segments the market in terms of production capacity and have also presented a detailed study of the applications of BPA and geographical segmentation of the market.
Key Information Covered in the Report:
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Key Vendors:
- Bayer Material Science (BMS)
- Dow Chemical Co.
- LG Chemical Ltd. Co
- Mitsubishi Chemical Holdings Corp.
- Mitsui Chemicals
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Market Growth Drivers:
- Rising Demand for Polycarbonate Plastics
- For a full detailed list, view our report.
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Market Challenges:
- Instability in Crude Oil Prices
- For a full detailed list, view our report.
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Market Trends:
- Increased Number of Applications
- For a full detailed list, view our report.
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