Asian and Pacific Bisphenol A Market Update: Key Future Trends

 
 
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SOFIA, Bulgaria - Aug. 5, 2019 - PRLog -- According to a recently published report about the Asian and Pacific bisphenol A market, it was equal to 555 thousand tons in 2013. The largest country market within the region was Thailand, which in 2013 accounted for a share of 67% of the total in volume terms. Until 2023, the Asian and Pacific market is forecast to reach around 590 thousand tons, thus growing at a CAGR of about 3.4% per annum in the period 2018-2023. This is a significant increase, compared to the decline at a CAGR of around 3.3% per year, registered in 2013-2017.

The analytical research projects that the Asian and Pacific production of bisphenol A is likely to stabilize at around 560 thousand tons in the medium term with some changes. Upwards dynamics of the overall installed production capacities in the region are expected. Their annual average utilization rates are expected to remain similar. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing moderately upward dynamics in the medium term.

Demand of BPA depends upon the overall health of the world economy as well as its key end-use industries: construction and automotive. Polycarbonate has become one of the most preferred substitute for glass and metals in the automotive industry. Due to the fact that the growing demand for lighter vehicles with enhanced fuel efficiency is propelling the automotive industry, manufacturers tend to rely on polycarbonate that helps reduce the curb weight of the vehicles.

As an overall, the report presents a strategic analysis of the bisphenol A market in Asia and Pacific and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development.

The research report has been prepared using the unique Williams and Marshall Strategy's methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future.

The report includes information on the following companies:
•        Petronas Rapid;
•        Mitsui Phenols Singapore;
•        Covestro;
•        Mitsubishi Chemical;
•        PTT Phenol;
•        Others.
You can find more information about this report here: https://www.wm-strategy.com/catalog/product/view/id/126735/s/asia-and-pacific-bisphenol-a-market/.

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