[FURL=https://www.industryarc.com/Report/17715/bisphenol-a-bpa-market.html]Bisphenol A (Bpa) Market [/FURL] size is forecast to reach $23.55 Billion by 2025, after growing at a CAGR of 5.26% during 2020-2025. Bisphenol A (BPA) is used primarily as an enhancer in polycarbonate plastic and epoxy resins, a colorless crystalline material that is found in the Organic compound class. BPA is used primarily for polycarbonate processing, and growing demand is anticipated to be a significant market factor for polycarbonates in food and medical goods. In addition, rising building industry and increasing demand for BPA are estimated to further increase market growth in the automotive industry.Key Takeaways
Epoxy resins and other plastics are made from BPA. Plastic from BPA is ideally adapted to the manufacture of a range of consumer goods such as sports gear, electrical devices, water bottles, DVDs, and CDs, including heat & solvent stability, resistance, and stability at low temperatures.
Future demand for BPA is dependent on the global economic health, since the end-use segment includes the construction, automobile, and computer sectors. In various industrial applications, the demand driver for epoxy resins, vinyl ester resins, tetrabromobisphenol a, nitrate reductase, is its good quality efficiency in terms of thermal stability, corrosion resistance, moisture resistivity, mechanical strength, and adhesion.
Increasing investments in research and development is supposed to have a massive business potential.
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Geography - Segment Analysis
North America dominated the Bisphenol (Bpa) Market share with more than 52.65% in 2019, followed by APAC and Europe. This year, BPA is widely used in infant bottles and used to line metal food containers with more than 2 billion pounds manufactured in the United States. According to the developments in glazing construction the steady growth of the trade industry, primarily in the construction of offices, is likely to have positive effects on the polycarbonate business. In the next few years, the country's office space demand is expected to rise almost by 10%, effectively growing the scale of the industry for bisphenol A (BPA).
Drivers – Bisphenol A (Bpa) Market
Increasing demand along with growing investment
Market Landscape - Major players in the Bisphenol A (Bpa) Market are Bayer Material Science, Chang Chun Plastics Co., Dow Chemicals, Kumho P&B Chemicals, LG Chemical Co., Mitsubishi Chemical Holding Corp., Mitsui Chemicals Inc., Momentive Specialty Chemicals Inc., Nan Ya Plastics Corp., PTT Phenol Co., Sabic Innovative Plastics, Saudi Kayan Petrochemical Co, Samyang Innochem and Teijin Ltd., and among other.
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