According to Stratistics MRC, the Global Bisphenol A market is accounted for $17.69 billion in 2017 and is expected to reach $31.19 billion by 2026 growing at a CAGR of 6.5% during the forecast period.
Factors such as increasing demand for polycarbonate plastics and epoxy resins, growth in global automobile sector and rapid growth in demand for Bisphenol A in developing countries is fuelling the market growth. On the side, health issues and volatile petroleum prices is hampering the market. Bisphenol A is colourless solid organic soluble solvent belonging to the group of diphenylmethane derivatives and bisphenols. Though it is soluble in nature, it is poor when it comes in mixing with water.
Based on the Application, Epoxy resins have been used in a wide range of fields, such as paints, electricity, civil engineering, and bonds. This is because of the features of epoxy resins excellent bonding property, also after curing; it has excellent properties on mechanical strength, chemical resistance, and electrical insulation. In addition to this, epoxy resin is able to have various different properties as it is combined and cured together with various curing agents. Epoxy-resin curing agents have been used as curing agents for electrical insulating materials.
By Geography, Asia Pacifics Bisphenol A market is subjected to hold the largest volume and expected to remain the same during forecast period due to the large base of end-users industries located in the countries such as India, Japan and China coupled with raw material and operating costs of the labour.
Some of the Key players in the Bisphenol A market are Bayer Material Science, Vinmar International, Dow Chemical, LG Chemical, Kumho P&B Chemicals, Mitsui Chemicals, SABIC Innovative Plastics, Formosa Plastics, Samyang Innochem, Teijin, Chang Chun Plastics Co Ltd, Covestro AG, Hexion Inc., Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, Nippon Steel & Sumikin Chemical Co Ltd, Olin Corporation, Kingboard Holdings, Rhodia Brasil and Sunoco Chemicals.
Unsaturated polyester resins
o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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