DUBLIN, May 15, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/wx8r7x/global_bisphenol) has announced the addition of the "Global Bisphenol A Market 2015-2019" report to their offering.
The global bisphenol A market to grow at a CAGR of 5.1% over the period 2014-2019.
Bisphenol A (chemical formula: C15H16O2) is a carbon-based synthetic compound used in the production of polycarbonate plastics and epoxy resins. It is a colorless solid and poorly soluble in water, though soluble in organic solvents. The plastic made from bisphenol A is used to manufacture water bottles, sports equipment, and eyeglass lenses.
Bisphenol A products are increasingly used for industrial applications. In the automobile industry, glass is slowly replaced by polycarbonate plastics made from bisphenol A, which reduces the overall weight of the car along with assuring safety. Wind turbine blades are made from epoxy resins that are made from bisphenol A, which is strong and light, and improves the turbine efficiency. These factors will create more demand for bisphenol A and aid in the growth of the global bisphenol A market.
According to the report, polycarbonate plastics have high tensile strength and high thermal stability properties that make them useful in many applications. Their light weight property makes them efficient for the production of light vehicles. These plastics are extensively used in the packaging industry as they can be cleaned easily. They are also used by other industries that include electronics, construction, and automotive, where demand for polycarbonate plastics is increasing gradually. The electronics industry is the leading application segment for polycarbonate plastics. With the growth of all these industries, demand for polycarbonate plastics is increasing and indirectly helping the market growth of bisphenol A.
Further, the report states that fluctuation in crude oil prices is expected to hamper market growth because bisphenol A is produced from acetone and phenol which are derivatives of crude oil.
- Bayer Material Science
- Dow Chemical
- LG Chemical
- Mitsubishi Chemical Holdings
- Mitsui Chemicals
Other Prominent Vendors
- Kumho P&B Chemicals
- SABIC Innovative Plastics
- Samyang Innochem
- Vinmar International
For more information visit http://www.researchandmarkets.com/research/wx8r7x/global_bisphenol
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SOURCE Research and Markets