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Research Report : Bakelite Market - Global Industry Analysis, Trends, Analysis, Growth And Forecast Up to 2018

Press Release   •   Dec 11, 2015 03:22 EST

As one of the first plastics made from synthetic components, bakelite marks the start of plastics. Due to its electrical non-conductivity and heat resistant property, bakelite is majorly used for wire insulation, semi conductors, brake pads and related automotive components, and in industrial electrical-related applications. The commercial uses of bakelite are mainly in the manufacture of inexpensive games, billiard balls, and dominoes produced in countries like China, India, and Hong Kong due to its durability, fine finishing, weight, and sound.

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Bakelite has proven hazardous to the environment in its different forms during manufacturing, collection and disposal. Bakelite is a manufactured plastic containing high amounts of formaldehyde, asbestos and other polymers which are excessively harmful toxins. Long term exposure to these materials may cause some serious illnesses including lung cancer.

Bakelite items such as bakelite jewellery have become collectible due to their fine artisanship; hence, there is a high market value for such items, making them collectible. But collecting such items poses a health hazard. If these products break, the harmful synthetic materials inside them may become airborne and may result in inhalation, ingestion or skin contact. Older homes may contain bakelite products which were earlier used in house-fittings. Breakage and exposure to the older bakelite products may also result in severe illnesses.

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After its use, the disposal of bakelite products is another important aspect. As these products contain formaldehyde, asbestos and other toxins, improper disposal causes release of these harmful toxins in the atmosphere harming the environment around.

Mass production of bakelite is not highly prevalent. However, certain limited companies like Sumitomo Bakelite Co., Ltd., MingQun Optoelectronics Technology Co., Ltd. among other few indulge in bakelite production on a commercial scale.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.