Bisphenol A (BPA) Market Expanding At USD 20.03 Billion By 2020 : Grand View Research Inc.
San Francisco, 9 October 2019: The Report Bisphenol A (BPA) Market Analysis By Application (Polycarbonates, Epoxy resins) Regional and Segment Forecasts To 2020 The global market for bisphenol A (BPA) is expected to reach USD 20.03 billion by 2020, according to a new study by Grand View Research, Inc. BPA is largely used for the production of polycarbonates and growing demand of polycarbonates in consumer goods and medical devices is expected to be a key driver for the market. In addition, the growing construction industry and growing BPA demand in automobile industry are expected to further augment market growth. However, health hazards associated with the use of BPA resulting in regulatory pressure is expected to be a key challenge for the industry over the next six years. Polycarbonate was the largest application segment accounting for 5,083.5 kilo tons of BPA demand in 2013; followed by epoxy resin applications, with market volume estimated at 1,414.7 kilo tons in 2013. S