Published Date : 18 Sep 19 | Views: 118 | Industry : Chemical & Material
Polyetherimide to Grab a Major Share in the BPADA Market
The global BPADA market can be segmented based on the application as polyetherimide and others. Polyetherimide is expected to emerge as a key application of BPADA in the coming years as BPADA acts as an essential raw material in manufacturing PEI. On the basis of product, global BPADA market can be segregated as < 99.0 % and >= 99.0.
The report includes deep analysis of the products, which are anticipated to witness remarkable growth in the forthcoming years due to their widening application range.
North America & Europe to Come into View as the Largest Consumers of BPADA
High consumption of BPADA is a key factor driving the BPADA market in North America and Europe. Leading companies have their base in these regions and majority of the PEI facilities are located here, which is, in turn, supporting the market growth. It has been observed that the demand for BPADA is comparatively less in emerging counties such as China due to which the manufacturers in such countries produce small amount of BPADA. However, rapid industrialization in Asia Pacific is anticipated to have a positive impact on the regional market growth.
SABIC to Emerge as a Frontrunner in the BPADA Market
Some of the key manufacturers of BPADA are SABIC, GuChuang New Chemical Materials, and Shanghai Plastics Research Institute. The global BPADA industry is highly dominated by SABIC. SABIC extensively employs BPADA in order to manufacture its ULTEM polyetherimide resins. In addition, the key companies have understood the growth potential of the market and are taking up strategies in order to enhance their visibility in the market and gain a competitive advantage over others.
Increasing Production of BPADA to Act as a Key Driver
Due to increasing applications of BPADA among various end-use industries such as electronics, transportation, medical, consumer goods, and industrial, the production has witnessed a surge across the globe. The production has remained high in developed regions such as North America and Europe, wherein the demand for such chemicals is constantly increasing due to presence of key industries. All these factors are creating huge growth opportunities for the market players
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