The worldwide Bisphenol A (BPA) market will achieve around USD 20 billion by 2020. Bisphenol A is a dull and crude solid that can dissolve in unrefined solvents. It is generally used in the preparation of epoxy resins and polycarbonates. The worldwide demand for BPA was around 7, 000 kilo tons in 2013. It will reach around 9, 600 kilo tons by 2020 and will grow from 2014 to 2020, at an expected CAGR of more than 4 percent. The Bisphenol A demand is usually driven by the industries of electronics, electricals and automotives. Nevertheless, the unstable prices of petroleum and high prices of polycarbonates, with reduced resistance towards graze, prevent the Bispehol A market from growing further. Bisphenol A was high in controversy after it was acknowledged as a prospectively injurious substance. The safety of this product has still not seen the light of day, however the food and drug administration has corroborated it to be safe. However, debates over its safety continue to dominate the global scene. Clients, sellers and manufacturers have preferred to stay on the safe side and opted for least exposure to the substance. The demand for this chemical has grown rapidly in the past few years.
The derivates of Bisphenol A are polycarbonates. Polycarbonates are well recognized for their typical properties. These comprise hardiness, light weightness, electrical resistance and visual clarity resistance to heat. The quality properties of Bisphenol A make it ideal to manufacture several business products. These products include electrical and electronic equipments, sports equipments, food and drink containers and water bottles, amongst others. Recovery in European and North American industries of electronics and automobiles and the fast economic development of Asia Pacific are primary forces, driving the Bisphenol A market ahead. Participants of the Bisphenol A market find it hard to deal with the unpredictable prices of raw materials.
Polycarbonates dominated the sector of applications in the Bisphenol A market in 2013, both with regard to manufacture and use. They made up for more than 5, 000 kilo tons of the demand of BPA in the same year. Epoxy resins followed polycarbonates (in the same year) and had a Bisphenol A market size of more than 1, 400 kilo tons. Their quality performance with regard to mechanical strength, heat steadiness and defense against rust for manufacturing uses will increase the demand for Bisphenol A.
Asia Pacific was the biggest regional Bisphenol A market in 2013. It had an income of around USD 7 billion and occupied a share of about 54 percent in the same year. Asia Pacific has the biggest client base for BPA and is also the biggest producer of the same, when compared to other regions. Europe and North America are the other vital regional markets. Both these Bisphenol A markets will expand, from 2014 to 2020, at a CAGR of 4.3 percent and 4.5 percent, respectively. This will happen at a below average rate. The link, http://www.grandviewresearch.com/industry-analysis/bisphenol-a-bpa-market can be used to know more about the Bisphenol A market.