According to ChemAnalyst report, “Global Bisphenol A Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032” The Bisphenol A market witnessed steady growth in the historical years and is estimated to reach a market volume of 8000 thousand tonnes with a CAGR of 3.48% until 2032 due to increase in end use demand for the products in which BPA is a key ingredient.
Bisphenol A (BPA) is a colorless solid which is miscible in organic solvents while soluble in water. It is produced by condensation of phenol and acetone in 2:1 ratio. BPA is an additive which not only leads to production of polycarbonate and epoxy resin but also PVC and for the coating of thermal paper. It finds extensive applications in CDs, plastic bowls, helmets, mobile phones, etc. It is also used as an additive in brake fluid and in dental filling and sealing material. BPA derivatives have vast applications and can be found in bottles and beverages cans.
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Since Bisphenol A is employed as a solvent in polyester, polycarbonate, epoxy resins, and polyurethanes, there is a growing need for the chemical as a solvent. The market for polycarbonates is expected to rise, and the automotive industry is expected to expand significantly. Moreover, the usage of Bisphenol A to produce Epoxy resins that finds in various applications such as floor coating, concrete floor coating, due to long-term durability and resistance to chemical detergents further contributes to the global Bisphenol A market. However, limits on BPA consumption and environmental issues with BPA are anticipated to significantly hinder the market's growth in western region such as Europe and North America.
The global Bisphenol A market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Bisphenol A market is bifurcated into Polycarbonate resins, Epoxy Resins, Unsaturated Polyester resins, Flame Retardants, and Others. Among these industries, Polycarbonate resins industry is the major consumer and accounted for nearly half of the Bisphenol A market in 2021. Polycarbonate resins is anticipated to maintain its position in the forecast period. Epoxy Resins also holds significant shares of the Bisphenol A market.
Based on region-wise consumption, the Asia Pacific is leading the global Bisphenol A market, followed by Europe and North America. In 2021 Asia Pacific consumed approximately 55% of the market. Furthermore, Asia Pacific region also dominates the Bisphenol A market in terms of production and accounted for roughly 35% of global capacity as of 2021.
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“Global Bisphenol A Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032”, The major players operating in the global Bisphenol A market are Bayer AG, Kumho P&B Chemicals Inc, LG Chem, SABIC, Sinopec, Dow Chemicals, GE Plastics, Changchun Chemical Co.Ltd, Shell Chemicals, Saudi Kayan Petrochemical Company, Momentive Speciallity Chemicals, PTT Phenol Company Limited, and Nayna Plastics Corporation.
“Bisphenol A demand suffered a considerable blow after the onset of coronavirus. The major use of BPA is in the production of polycarbonate resins. Majority of BPA is used in the production of polycarbonate resin, which is further used as a substitute for glass, in a variety of uses including window applications, roof domes, and translucent walls. Polycarbonate resin also has a significant use in automotive industries. The demand for polycarbonates and epoxy resins is driving the market of BPA. However, due to its hazardous impact, it was found that regulation bodies in Europe is restricting the usage of BPA in certain end uses. Looking at the volatility in the market dynamics, it is important for global players to plan efficient utilization of their assets and strategize their expenditures to maintain their position in the Bisphenol-A market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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