Global Bisphenol A Market, 2017-2023 - Market is Projected to Reach Approximately 7,348 thousand tons - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 29, 2018--The “The Global Bisphenol A Market” report has been added to ResearchAndMarkets.com’s offering.
The global bisphenol A market is projected to reach approximately 7,348K tons by the end of 2023, increasing at a CAGR of around 3% per year in the period 2017-2023.
The report focuses on both product and regional breakdown, offering a larger perspective on the market dynamics. Although bisphenol A is predominantly used for the production of polycarbonates, the analysis considers other applications of bisphenol A across various industries. In particular, the largest share of bisphenol A consumption is for the production of polycarbonates, which accounted for around 64.05% of the total in volume terms.
Meanwhile, this segment has been also growing with the highest rate of about 3.49% per year. Regionally, the largest global bisphenol A market was North East Asia, which accounted for about 50% of the total in volume terms. In comparison, Africa was the smallest global bisphenol A market during the analyzed period and is expected to remain such in the medium term.
Demand of BPA depends upon the overall health of the world economy as well as its key end-use industries: construction and automotive. Polycarbonate has become one of the most preferred substitute for glass and metals in the automotive industry. Due to the fact that the growing demand for lighter vehicles with enhanced fuel efficiency is propelling the automotive industry, manufacturers tend to rely on polycarbonate that helps reduce the curb weight of the vehicles.
As a result, many automotive components made out of glass and metal have been replaced by polycarbonate parts, which has resulted in lowering the average weight of the vehicles. However, high cost as compared to glass and poor scratch resistance of polycarbonates are holding back the use of the material in some automotive parts such as windshields, sun\moon roof, and windows. In addition to the automotive sector, polycarbonate has driven most of the growth for applications in optical media (CDs and DVDs) as well as the electrical and electronics, such as insulators, connectors, and housings.
In regional terms, in general, Asia-Pacific has been showing the highest bisphenol-A demand owing to the presence of a large number of end-user industries coupled with low labor, raw material and operating cost in the region. North America and Europe are other key players, the markets in both, however, are subject to stringent governmental regulations over the health effects of BPA.
The analytical research projects that the global production of bisphenol A is likely to reach around 7,348 thousand tons by the end of 2023, expanding at a CAGR of about 3% per year. In addition, some of the main players on the bisphenol A market are planning to open up additional production capacities in different regions. Any future growth in BPA production capacity, however, is expected to come from outside of Europe and North America. As far as the balance between supply and demand is concerned, the market is forecast to remain slightly under-supplied in most of the upcoming years.
The increasingly competitive landscape globally forces the chemical companies to focus on innovation and particularly on the development of Green Chemistry, which is becoming crucial for the overall future development of the companies. There are several fast dynamic research areas that can be identified such as nanotechnology, biotechnology, the development of biofuels as a supplement to oil supplies, as well as the expansion of water-based paints and the replacements for chlorofluorocarbons (CFCs). So in order to increase their profit, it is important for manufacturers within the chemical industry not only to cut their costs, but also to ensure that their processes and products conform with the pressing environmental issues.
Key Topics Covered:
2. Executive summary
3. Characteristics of bisphenol A
4. State of the global demographics and economy
5. Overview and analysis of the global bisphenol A market
6. Overview and analysis of the global production of bisphenol A
7. Characteristics and analysis of the global prices of bisphenol A
8. Overview and analysis of the global imports of bisphenol A
9. Overview and analysis of the global exports of bisphenol A
10. Balance between supply and demand on the global bisphenol A market
Companies MentionedAltivia Petrochemicals Bayer Corp. Chang Chun Pc Covestro Hexion Inc Hi-Bis Huizhou Zhongxin Chemical Idemitsu Kosan Jiangsu Ruisheng New Material Tech Co. Khuzestan Pc Kumho P And B Chemicals Lg Chemical Mitsubishi Chemical Mitsui Chemicals Mitsui Phenols Singapore Nan Ya Plastics Nantong Synth. Materials Nippon St. And Sumikin Chemical Olin Pcc Synteza Petronas Rapid Ptt Phenol Qingdao Hengyuan Chemicals Sabic Innovative Plastics Sam Yang Innochem Saudi Kayan Shandong Lihuayi Group Shiyou Chemical Yangzhou Sinopec Mitsubishi Chem. Polycarbonate Sinopec Mitsui Chemicals Sinopec Sabic Tianjin Pc Spolchemie Tacaamol Tianjin Synthetic Material Zhejiang Petrochemical
For more information about this report visit https://www.researchandmarkets.com/research/gspd9b/global_bisphenol?w=4
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Related Topics:Plastic Additives
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 11/29/2018 07:43 AM/DISC: 11/29/2018 07:43 AM