Bisphenol A Market, By Application (Polycarbonate Resins, Epoxy Resins, Unsaturated Polyester Resins, Flame Retardants, Other Applications), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Bisphenol A is a high-performance thermoplastic widely used in a variety of industrial applications. Some of the primary markets for Bisphenol A are the construction industry and the automotive sector. It is present in many consumer products, including plastic bottles, metal cans, and some food packaging. It is also used in some types of dental materials. Moreover, it is used in the manufacture of epoxy resins and polycarbonate plastics.
Market Dynamics:
Strong demand for polycarbonate is driving the market for bisphenol A. Moreover, increasing demand for epoxy resins from various end-user industries is again propelling market growth. Epoxy resins is widely used in the manufacturing of electronic products. Additionally, growing construction sector is also projected to augment the market growth.
On the other hand, strict regulations on the usage of BPA is projected to hamper the market growth. For instance, Canada is the first country to declare BPA as toxic. In 2008, the government banned baby bottles containing BPA, a plastic chemical found in some polycarbonate bottles, and the lining of canned goods.
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