MOSCOW (MRC) -- Rising demand for polycarbonate (PC) plastics is expected to boost the growth of the global bisphenol A (BPA) market, which is expected to post a CAGR of 5% from 2015-2019, as per Plastemart with reference to Technavio's report.
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," says Faisal Ghaus, Vice President of Technavio. "Polycarbonate plastics are used in various industries, including electronics, construction and automotive, and demand for this plastic is increasing gradually."
Furthermore, the report also emphasizes BPA products that are increasingly being used for various industrial applications. "BPA is used to make epoxy resins, which can then be made into highly efficient, lightweight wind turbine blades," says Ghaus.
As MRC informed previously, KHPC, a sole producer of polycarbonate (PC) in Iran, has started exporting different grades of PC to Russian market since April 2015. KHPC finished its fundamental maintenance in early April and was operating with 70% capacity utilisation and planning to increase production in a short time. It is planned to produce new PC grades, such as bottle and optical grades, this year and produce at least 25,000 MT varieties of PC grades.