Bisphenol Fluorene Market by Application (Polycarbonate Resin, and Epoxy Resin) - Analysis & Forecast 2019-2030
Report ID : 68 | Published Date : May 2019 | Pages : 150 | Region : Global | Report Code : CM-7
Bisphenol Fluorene Market Overview and Introduction
Global Bisphenol Fluorene market was valued US$ 7,190.61 Mn in 2018. It is anticipated to grow at a CAGR of 3.7% from 2019 to 2030
The chemical compound bisphenol fluorene is used in the synthesis of polyester polymers such as polycarbonate resin, epoxy resins, polyurethanes, polyesters, polyarylates and polyether’s. It has been introduced for the production of ‘BPA-free’ plastics and is synthesized from phenol and 9-fluorenone using 98% sulfuric acid as a catalyst and 2-mercaptopropionic as promoter. Materials containing bisphenol fluorene are used to produce protective coatings, semiconductor encapsulations, composite matrices, molded products, insulation materials, solder-resistant materials, epoxy floor coatings and structural adhesives in many industries.
Bisphenol Fluorene is a substitute product for bisphenol A, and the global bisphenol fluorene market is driven by the adverse effect of bisphenol A on the human health and the ban on the usage of bisphenol A by many countries. The investigation of FDA, EFSA and international scientific community reflects bisphenol A as an endocrine disrupter and can affect endocrine system and reproductive system. So, many countries have banned the usage of bisphenol A in the plastic industry. However, the high prices and changing chemical regulations are anticipated to hinder the market growth.
Bisphenol Fluorene Market by Application
On the basis of application, the bisphenol fluorene market is segmented into polycarbonate resin, epoxy resin and other products such as polyester, polyether, polyurethane, polyimide and acrylate. Polycarbonate resin segment accounted for the largest share of the market in 2018. Polycarbonate is a lightweight, high-performance thermoplastic polymer that possesses a unique balance of excellent electrical resistance, dimensional stability, optical transparency, high heat resistance, and toughness. Due to its versatile properties, the applications for PC are many and its consumption is very high. Polycarbonate can be easily worked, molded, and thermoformed.
Bisphenol Fluorene Market by Region
On the basis of region, the global bisphenol fluorene market is segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). In 2018, Asia Pacific region dominated the bisphenol fluorene market, followed by Europe and North America region. Asia Pacific commands the largest share of the Bisphenol fluorene market. The high growth of this region can be attributed to the growing consumption of bisphenol fluorene in various industries including automotive, electrical & electronics, chemical, and pharmaceuticals. However, changing chemical regulations are expected to restrict the growth of the market during the forecast period. China is expected to hold a major share of the bisphenol fluorene market in the Asia Pacific region owing to increasing domestic demand for specialty chemicals from the massive population of the country. Additionally, raw material abundance and lower labor costs are further fueling the market growth in the country.
Bisphenol Fluorene Market Prominent Players
The key manufacturers operating in the global bisphenol fluorene market are Tokyo Chemical Industry Co., Ltd. (TCI), Henan Coreychem Co.,Ltd., Toronto Research Chemicals, ALFA Chemistry, Osaka Gas Chemicals Co., Ltd, Xiaoyi Jin Jing Chemical Co, Ltd, Capot Chemical Co. Ltd., Shandong Zhi Shang Chemical Co.Ltd., Hangzhou Chemfar Ltd, Wuhan Kemi-Works Chemical Co, Ltd among others.