Bisphenol A (BPA) is a synthetic compound derived from styrene, acrylonitrile and butadiene. It is primarily used to produce polycarbonate and is one of the key monomer in producing epoxy resins. It also plays an important role in manufacturing of unsaturated polyester resin, polyacrylate, polyetherimide, flame retardants, and polysulfone resins. It is a colorless crystalline solid that is highly soluble in organic solvents although incompetent in terms of solubility with water. BPA is employed to manufacture epoxy resins and certain plastics. Plastic made of BPA has superior properties such as heat & chemical resistant, durability & strength at low temperature and easy processing, makes it appropriate to manufacture variety of consumer goods such as sports equipment, electronic equipment, water bottles, DVDs and CDs. BPA based epoxy resins are used as coating inside many beverage cans, to line water pipes and in thermal paper. However, due to health related issues, some nations have banned the use of epoxy resins. Since, inappropriate intake quantity of EPA derivatives make cause serious health issues. This replaced the use of epoxy resins by PET film in some regional market.
It is also used in synthesis of polyether ketones and polysulfones which are used as antioxidants in some plasticizers and as a polymerization inhibitor in PVC pipes. One of the key drivers of this market is efficient use of polycarbonate in manufacturing plastics. The demand of consumer goods, medical & dental devices, eyeglass lenses, dental sealants and foundry castings has significantly increased the demand of polycarbonate in the manufacturing industry. Future demand of BPA depends upon overall health of world economy, as its end use market include construction, automotive and electronic industries. Market driver of epoxy resins market is its high quality performance in various industrial applications for the purpose of thermal stability, corrosion protection, moisture resistivity mechanical strength and adhesion. Growing research and development efforts has been expected to create huge opportunity for the market. Increasing public awareness over health concerns associated to the use of BPA in food contact applications is the key challenge to this market, as inappropriate intake of BPA may cause health issues.
Polycarbonates has been experienced as most dominant application segment, both in terms of consumption and production followed by epoxy resins. Owing to the strong demand from various end use industries. Other Key applications of BPA include unsaturated polyester resins, flame retardants, polyetherimide, polyacrylate, and polysulfone resins. These application also have significant contribution in application segment. Wide range of applications in industrial end use is the key driver of the market. Some significant Consumer goods application of polycarbonate and epoxy resins includes computers, cell phones, bicycle helmets, household appliances and flooring
Asia Pacific is one of the largest manufacturer and consumer of BPA as compared to other regions. This is primarily due to the large end-user industries located in the region coupled with low labor, raw material and operating costs. Also, various manufacturing companies of the west have shifted their units to Asia Pacific due to the above-mentioned factors. North America and Europe are other key regional markets. There exists a significant amount of dissension over health effects of BPA. Government of European Union and Canada have banned the use of polycarbonate resins in baby bottles. Although there is no official ban in U.S., baby bottles have been pulled from the market due to the concern of health effects. These government regulations have restraint the market growth so some regions.
Bayer Material Science, Chang Chun Plastics Co., Dow Chemicals, Kumbho P&B Chemicals, LG Chemical Co., Mitsubishi Chemical Holding Corp., Mitsui Chemicals Inc., Momentive Specialty Chemicals Inc., Nan Ya Plastics Corp., PTT Phenol Co., Sabic Innovative Plastics,Saudi Kayan Petrochemical Co, Samyang Innochem and Teijin Ltd. are among the key companies active in global BPA market space.