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BPA Market in China is expected to Exhibit a Robust Growth Rate over the Forecast Period (2018-2023): Radiant Insights

San Francisco, July 15, 2016 (GLOBE NEWSWIRE) -- Bisphenol A (BPA) is a compound derived from acrylonitrile, butadiene, and styrene. It is primarily used to produce polycarbonates and epoxy resins. It is used in the manufacture of polysulfone resins, polyester resins, polyetherimide, polyacrylate, and flame retardants.

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BPA-made plastic are heat-resistant and easy to manufacture. This makes it easy to manufacture CDs & DVDs, sports equipment, water bottles, and electronic equipment. Need for the compound across automotive, construction, and electronic industries is anticipated to further market demand. The BPA market in China is expected to exhibit a robust growth rate over the forecast period (2018-2023). This is due to Asia Pacific being one of the major consumers of the product. Many major conglomerates have shifted to China due to low labor and operating costs. Although the toxic effects of BPA could pose a challenge for the market.

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The Chinese market is segmented on the basis of applications and regions. Applications include polycarbonates, epoxy resins, and others. Epoxy resins are a key component for wind energy sector. Although current epoxy demand remains sluggish, the market expects to pick up its demand in the coming years. Transportation seems to be an issue as spot cargoes for unloading the product seems limited. Polycarbonates are used in high technology projects. The consumption of polycarbonates are predicted to increase over the next five years. The bisphenol market in China had a production capacity of 880 kilotons in 2014. It is expected to surpass over 2 million tons by 2019. In this estimated figure written above, Nan Ya had produced 150 KT in the same year.

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Some of the well-known players of the bisphenol A (BPA) market in China are Chang Chun Chemical (Jiangsu) Co., Bluestar New Chemical Materials Co., Ltd., Nan Ya Plastics Corporation (Huizhou), and Bayer AG. Companies are focused on expanding their global reach. In April 2015, Chang Chun Chemical started a new BPA plant in Jiangsu province, with a annual production capacity of 135,000 tons.

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About Radiant Insights

Radiant Insights is a Lysine Market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our Lysine Market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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Source: Radiant Insights