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Epoxy resins are end products of a class of reactive polymers and prepolymers, which contains epoxide groups. Most of the epoxy resins are based on BPA (Bisphenol A), which cause several harmful effects to humans. Severe health disorders such as infecting female sex hormone, estrogen can be caused by BPA exposure. Hence, to avoid these kinds of health disorders BPA-free epoxy resins are used nowadays. BPA can be leached out of epoxy resins by extraction methods using either acidic materials or strong detergents. BPA-free epoxy resins possess different significant properties such as strong adhesion, chemical resistance, strength and toughness, proper and tensile strength which makes them suitable to be used in the manufacturing process of different end products. Flexibility in alteration of properties as per product requirement makes it suitable to be used in a wide variety of end products. Some industries where BPA-free epoxy resins find major applications are paints and coatings, varnishes, adhesives, electronics and electrical appliances, polymer industries, food and beverages, and automotive.
COVID-19 Scenario Analysis
Rise in packaging industries propel growth of the BPA-free epoxy resins market, owing to its applications in manufacturing of packaging products. BPA-free epoxy resins provide flexibility in manufacturing operations as per the product requirements either in the solid or liquid state. In addition, products based on BPA-free epoxy resins are safe and sustainable, which makes them suitable to be used in food & beverages packaging industries. These factors are expected to increase demand for BPA-free epoxy resins in the future. In addition, rise in automotive and paints industries where BPA- free epoxy resins are used to impart gloss finish to end products boost growth of BPA- free epoxy resins market. However, volatility in prices of BPA- free epoxy resins hamper growth of BPA-free epoxy resins. Conversely, expansion of plastics and polymeric-based industries where BPA-free epoxy resins are used for manufacturing good quality products create new opportunities for the BPA-free epoxy resins market. In addition, use of BPA-free epoxy resins as aerospace and infrastructure composites, which create lucrative opportunities for the BPA-free epoxy resins market during the forecast period.
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Questions answered in the global BPA-free epoxy resins market complex market research report:
BPA-free Epoxy Resins Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights
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Key Market Players | Allnex Group, Koninklijke DSM N.V., Akzo Nobel N.V., PPG Industries, Inc., BASF SE, Kansai Paint Co., Ltd., Bostik SA., E.I. Du Pont De Nemours and Company, Wacker Chemie AG, Altana AG |
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