According to research firm Technavio, rising demand for polycarbonate plastics is expected to boost the growth of the global BisphenolA (BPA) market, which is expected to post a CAGR of 5% from 2015-2019.
BPA is a carbon-based synthetic compound used in the production of polycarbonate plastics and epoxy resins. Polycarbonate plastics have high tensile strength and high thermal stability properties, which makes them useful in the packaging industry, as they can be cleaned easily. The light weight property of polycarbonate plastics makes them efficient for the production of light vehicles. Too, BPA as epoxy resins, can be made into highly efficient, lightweight wind turbine blades.
Polycarbonate plastics are used in various industries, including electronics, construction and automotive, and demand for this plastic is increasing gradually, says Technavio on the report.
(PRA)
