Market Research Store has uploaded latest Report on "Global Bisphenol A Market Outlook (2015-2022)" in their database, At Market Research Store, we have market research reports from competent publishers.
Deerfield Beach, FL -- (SBWIRE) -- 09/29/2015 -- Global Bisphenol A market size is accounted for $14.6 billion in 2014 and is expected to grow at a CAGR of 5.2% to reach $21.9 billion by 2022. The drivers of the market are raising demand for polycarbonate plastics and epoxy resins, growth in global automobile sector and rapid growth in demand for Bisphenol A in developing countries. The challenges faced by the market are volatility in crude oil prices and ban on Bisphenol A in food contact materials due to health hazards posed by Bisphenol A. The restraints of the market are health issues and volatile petroleum prices. The opportunities for the market are polycarbonate got replaced by glass in automotives.
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Bisphenol A market is segmented by application and by grography. Depending on the various applications, market is segmented into Epoxy resins, Polycarbonates, Flame retardants, Polyacrylat, Polyetherimide, Polysulfone resins and unsaturated polyester resins. By geography, market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific has the largest market for Bisphenol A with 53% of market share. Significant mergers and acquisitions, collaborations, and joint ventures are the industry trends that are playing a major role for the market growth.
The key players in the Bisphenol A market include, Bayer Material Science, Dow Chemical, LG Chemical, Kumho P&B Chemicals, Mitsui Chemicals, SABIC Innovative Plastics, Formosa Plastics, Samyang Innochem, Teijin and Vinmar International.
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