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Global BPADA Market to Obtain US$ 260 Mn By 2025 End

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 Published Date : 18 Sep 19   |   Views: 73   |  Industry : Chemical & Material

Global BPADA Market to Obtain US$ 260 Mn By 2025 End

BPADA plays a key role as a raw material in the manufacturing of PEI. High strength, high performance, ignition resistance, and exceptional optical and electrical properties are some of the key features of the polymer. The product is gaining traction in high-temperature applications. Companies are involved in product innovations and research and development in order to cater to the needs and demand of the key end-user industries. Taking into account the growth of the global BPADA market, QYR Consulting has shortly published a new report named, “Global BPADA Market Report, History and Forecast 2014 - 2025.” According to the report, the global BPADA market was US$ 170 Mn in 2018 and is expected to reach US$ 260 Mn by the end of 2025. The market is predicted to exhibit a CAGR of 5.5% during the forecast period of 6 years, i.e. between 2019 and 2025.

Segmental Analysis

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. 

Global BPADA Market to Obtain US$ 260 Mn By 2025 End

North America & Europe

Global BPADA Market to Obtain US$ 260 Mn By 2025 End

Regional Analysis


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.

Key Players


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. 


Global BPADA Market to Obtain US$ 260 Mn By 2025 End

Global CAGR During 2019-2025


5.5%

Market Dynamics


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

For more information click: https://www.qyrconsulting.com/reports/bpada-market


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