San Francisco, California, Nov. 12, 2014 (GLOBE NEWSWIRE) -- The global market for Bisphenol A (BPA) is expected to reach USD 20.03 billion by 2020, according to a new study by Grand View Research, Inc. BPA is largely used for the production of polycarbonates and growing demand of polycarbonates in consumer goods and medical devices is expected to be a key driver for the market. In addition, the growing construction industry and growing BPA demand in automobile industry are expected to further augment market growth. However, health hazards associated with the use of BPA resulting in regulatory pressure is expected to be a key challenge for the industry over the next six years.
Polycarbonate was the largest application segment accounting for 5,083.5 kilo tons of BPA demand in 2013; followed by epoxy resin applications, with market volume estimated at 1,414.7 kilo tons in 2013. Superior performance of epoxy resins, in terms of thermal stability, corrosion protection and mechanical strength for industrial applications is expected to reflect in BPA demand; as a key monomer for these resins.
Get More Details About Bisphenol A (BPA) Market: http://www.grandviewresearch.com/industry-analysis/bisphenol-a-bpa-market
Further key findings from the study suggest:
For the purpose of this study, Grand View Research has segmented the global BPA market on the basis of application, product and region:
BPA Applications Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2020)
• Epoxy resins
• Others (Unsaturated polyester resins, flame retardants, polyacrylate, polysulfone resins, polyetherimide, etc.)
BPA Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Rest of Asia
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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