Bisphenol A Demand to Grow, Owing to Increasing Applications of Epoxy Resins and Polycarbonates in Automotive and Electronics
Industry Experts introduced the new market research report ‘ Bisphenol-A – A Global Market Overview ’. The new report reveals that the market for Epoxy Resins application of bisphenol-A is projected to witness the fastest growth during the analysis period 2016-2022 with a CAGR of 5.7% and to reach US$7.3 billion by 2022 from an estimated US$5.2 billion in 2016. The application is also expected to register the fastest growth in terms of volume consumption at a CAGR of 5.1% during the same period to reach 3.5 million metric tons by 2022. Global consumption of bisphenol-A (BPA) is being spurred by a stable growth in demand from emerging markets, with China, India, Mexico and Russia expected to witness above average growth prospects. Coupled with this trend is a growing demand for the compound in its two major application areas, viz., epoxy resins and polycarbonates. Prospects for future demand for BPA are likely to be bolstered by the growing utilization of this chemical in rotor blade