The Bisphenol A (BPA) Market is expected to grow at > 6.3% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Bisphenol A (BPA) Market
Bisphenol A (BPA) Market is projected to witness healthy CAGR of 6.3% over the next five years. Increasing demand for polycarbonate and epoxy resins in various end-use industries, such as construction, automotive, paints and coatings, electrical & electronics, and packaging is the major factor driving high growth potential in the market during the forecast period.
Asia-Pacific is likely to maintain its supremacy in the market during the forecast period, mainly driven by China, Japan and India offering lucrative growth opportunities. China is the largest market for bisphenol A in the region as well as in the world, mainly driven by the presence of a large number of end-users in the country. China is among the largest markets for building and construction, automotive and electrical & electronics industries. Asia-Pacific region is also likely to exhibit the fastest growth in the market over the next five years. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Bisphenol A (BPA) Market Share: By Application Type
Based on the application type, the bisphenol A (BPA) market is segmented as polycarbonate resins, epoxy resins, unsaturated polyester resins, flame retardants, and others. The polycarbonate segment is expected to remain the dominant application of the market over the next five years. The growth of the segment is owing to the increasing usage of polycarbonate resins in building & construction and automotive industries, owing to its various benefits such as shatter resistance, lightweight, UV resistance, durability, strength and flexibility.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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