Bisphenol Fluorene Market is anticipated to grow at a CAGR of 3.7% from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Global Bisphenol Fluorene Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the 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 growth of bisphenol fluorene market is attributed to factors such as increased usage of bisphenol fluorene in many industries and ban on the bisphenol A. BHPF (Bisphenol Fluorene) products are used in many industries such as construction, packaging, automotive, aerospace and electrical & electronics. Bisphenol fluorene is the substitute product of bisphenol A. FDA, EFSA and international scientific community have investigated adverse effects of bisphenol A on the human health. Bisphenol A is an endocrine disrupter which can raise the incidence of endocrine related cancers.
The Food and Drug Administration (FDA), European Food Safety Authority (EFSA) and the International scientific community have launched a program to evaluate and investigate effects of Bisphenol A on human health. Bisphenol A (BPA) is an endocrine disrupter for humans and can also affect reproductive capability. BPA was shown to have oestrogenic activities that linked BPA to endocrine diseases. Which led to the rise in incidences of endocrine-related cancers. The adverse effect of Bisphenol A on the human health has led to the rise in demand of its substitute, Bisphenol Fluorene in the market.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Bisphenol Fluorene Market is anticipated to grow at a CAGR of 3.7% from 2019 to 2030. in detail along with the table of contents:https://www.marketindustryreports.com/bisphenol-fluorene-market/68
Rising demand of bisphenol fluorene from various industries is another factor driving the market growth. It is widely used in various industries such as FMCG (especially consumable goods), electrical & electronics, aerospace, automobiles and other industries. Bisphenol fluorene possesses unique properties such as electrical resistance, dimensional stability, optical transparency, high heat resistance, and toughness. The use of packaging materials containing BHPF is increasing in fast moving consumable goods (FMCG) industry especially for consumable goods, like baby milk bottle, water bottle and the materials that come in contact with edible products.
The high price of bisphenol fluorene has been affecting the growth of the bisphenol fluorene market. The price of the BHPF is almost double the price of bisphenol A. The exorbitant price of bisphenol fluorene is expected to impede the market growth. Additionally, the price of bisphenol A is decreasing gradually, which is also affecting the market of bisphenol fluorene adversely.
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy and growing consumption of bisphenol fluorene in various industries is anticipated to present a lucrative growth scenario for the bisphenol fluorene market in this region. China accounted for a major share of bisphenol fluorene market in the Asia Pacific region owing to increase in domestic demand and ban on the bisphenol A.
The key manufacturers operating in the global bisphenol fluorene market are, Henan Coreychem Co., Ltd., Tokyo Chemical Industry Co., Ltd, Xiaoyi Jin Jing Chemical Co, Ltd, TCI Toronto Research Chemicals, ALFA Chemistry, Osaka Gas Chemicals Co., Ltd, and Capot Chemical Co. Ltd.,
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