Bisphenol S (BPS) is an organic compound that exists in white or off-white powder form which is miscible in organic solvents while soluble in water. It is used in manufacturing of polycarbonate plastics, epoxy resin, thermal papers across the globe. Additionally. Majority of the demand for BPS is generated by Heat Sensitive Developers that is used for the manufacture of Thermal Papers owing to the surging online purchasing coupled with its consumption in labelling in food & beverage industry, which is consequently driving the BPS market through 2030. Packaging of baby bottles, dental implants, the lining of canned food and drinks, plastic containers, plastic bowls, helmets, mobile phones, etc. are some of the other uses of BPS. Bisphenol S is also gaining momentum due to its utilization as an additive in brake fluid as well as sealing material. In addition, BPS finds application as reactant in polymer reactions as a substitute of Bisphenol A, thereby, fueling the demand of BPS through 2030. Bisphenol S is less acidic, more stable and heat labile in comparison with Bisphenol A, due to all these factors BPS is gaining popularity among the manufacturers of BPA and therefore its market is expanding replacing Bisphenol A that is proven be harmful to both humans and environment.
Read Full Report Here: https://www.chemanalyst.com/industry-report/bisphenol-s-290
In first half of 2020, sudden outbreak of novel coronavirus had a significant impact on the global market as during first wave of COVID-19, countries went in complete lockdown which led to the decline in the growth of the construction and automotive industries, and this directly affected the growth of the Bisphenol-S market. However, a swift recovery in the market for BPS is witnessed since the situation came back to its normal path due to its wide range applications. Moreover, the increasing use of epoxy resins as well as its utilization across the world in the form of plastics that are used extensively by consumers for food storage.
In Asia-Pacific region, BPS market is anticipated to grow strongly during the forecast period as the region is a manufacturing hub for polymers, plastics, and electronics. Moreover, government initiatives such as ‘Make in India’, bringing Japanese manufacturing back in country or Vietnam’s growing industrialization is creating future growth path for BPS manufacturers in the Asia Pacific region. However, it is anticipated that there would be an acerbation in the global market for BPS in the forecast period as several economies are boosting their manufacturing units to cater to the exponential rise in consumer demand. Additionally, an exponential surge in the demand for Bisphenol S is witnessed in Europe as it is imposing ban gradually on the consumption of Bisphenol A due to its health and environment regards. North America is expected to show a significant growth in the market for Bisphenol S as it is extensively using in the production of polyether sulfonate resins as well as global manufacturer like Solvay is using BPS as an intermediate in sulphonate polymers that further cater to the increasing demand for thermoplastics from automobile and electronics sectors.
“Bisphenol-P market is expected to spur at a considerable rate over the forecast period due to being linked to the Plastics, Automotive and Construction sector along with the growing population, rapid population and changing consumer preferences. Various industrial applications of Bisphenol-S in coatings, leather modifiers, dye intermediates, fiber processing agents, metal plating brightener coupled with its major utilization in the production of polycarbonate resins which further used as a substitute for glass, in a variety of skylight and window applications, automotive industries etc. Polycarbonate resin also has a significant use in automotive industries. Hence, the demand for polycarbonates, epoxy resins and thermosetting resins is driving the market of BPS. With the increasing popularity of Specialty Fibers as one of the most desirable commodities, new competitors emerging across the Asian Specialty Fibers market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.
B-44 Sector-57 Noida,
National Capital Region