bisphenol A market is expected to grow at a CAGR of around 6% from 2022-2028.
According to a new report published by UnivDatos Markets Insights, the bisphenol A market is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into applications (polycarbonates, epoxy resins, and others); region/country.
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The bisphenol A market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the market. The market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository estimates the bisphenol A market at the global and regional levels.
Market Overview
Bisphenol A is a crucial raw material used in the production of high-performance polymer plastics and coatings. It is an essential building block for polycarbonate, without bisphenol A, polycarbonate would not be a versatile material. Polycarbonate is widely used in the automotive industry owing to its lightweight and high strength. Further, it founds applications ranging from bulletproof windows to compact disks. It is known for its unbeatable strength at lightweight and the unbreakable quality made industries use it for wide purposes. It is expected that the demand for polycarbonate would increase during the forecast period as industries are shifting towards lightweight substitutes without compromising the quality. This, in turn, would propel the demand for bisphenol A. Also, Bisphenol A is commonly used in epoxy resin coatings that use in metal food cans, bottle tops, and water supply pipes. As the global demand for packaged food & beverage is growing and rising infrastructure activities across the globe, it is expected that it will fuel the market for bisphenol A.
COVID-19 Impact
The recent COVID-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted industrial operations in a negative way, which has impacted the demand for bisphenol A as its highly dependent on industries’ performance.
The global bisphenol A market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
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· Based on application, the market is categorized into polycarbonates, epoxy resins, and others. Among these, polycarbonate held the majority share of the market and is expected to retain its position during the forecast period. A large amount of global bisphenol production goes into the polycarbonate manufacturing process as bisphenol A provides the rigidity and clear surface. As a result, polycarbonate is increasingly preferred among end-use industries like automotive, electrical & electronics, and building & construction. Further, industries like automotive are working toward lightweight mobility solutions, thereby promoting the consumption of polycarbonates due to their lightweight property.
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Bisphenol A Market Geographical Segmentation Includes:
· North America (The United States, Canada, and the Rest of North America)
· Europe (Germany, The United Kingdom, France, Italy, Spain, and the Rest of Europe)
· Asia-Pacific (China, India, Japan, and the Rest of Asia-Pacific)
· Rest of the World
The Asia-Pacific region is likely to showcase robust growth during the forecast period. This can be ascribed to the region bisphenol A end-use industry growth which is outpacing the industrial growth of other regions. Further, increasing manufacturing space in the regional economies as the region is able to attract international manufacturers due to its manufacturing supportive policies is fueling the market growth.
The major players targeting the market include
· Chang Chun Group
· Hexion Inc.
· Mitsubishi Chemical Corporation
· Kumho P&B Chemicals Inc.
· LG Chem Ltd.
· Lihua Yiweiyuan Chemical Co. Ltd.
· Mitsui Chemicals Inc.
· Nan Ya Plastics Corporation
· China National Bluestar (Group) Co. Ltd.
· PTT Global Chemical Public Company Limited
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the bisphenol A market?
• Which factors are influencing the bisphenol A market over the forecast period?
• What are the global challenges, threats, and risks in the bisphenol A market?
• Which factors are propelling and restraining the bisphenol A market?
• What are the demanding global regions of the bisphenol A market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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