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From 2024–2031, the worldwide bisphenol A market is expected to expand from an initial valuation of $7.93 billion at a CAGR (Compound Annual Growth Rate) of 10.3 percent.
Throughout the projected timeframe, the worldwide bisphenol A market is anticipated to expand steadily. The product's rising demand in the marine industry and its growing application in photocurable coatings in the automobile industry are anticipated to fuel this expansion. Once again, the market is being propelled by the increasing demand for polycarbonate plastics from a variety of end user industries, including electronics, construction, and medical. The electrical and electronics industries are expected to drive the market expansion with their increasing need for epoxy resins.
Many polymers and epoxy resins use BPA in their production process. Many consumer items, including water bottles, electronic devices, sports equipment, DVDs, and CDs, are constructed of plastic that contains bisphenol A (BPA) due to its excellent qualities, including resistance to heat and chemicals, durability and strength at low temperatures, and ease of processing. Many beverage cans, water pipes, and thermal paper contain epoxy resins derived from bisphenol A. But, several countries have outright forbidden the use of epoxy resins because of health concerns. Because massive health problems might arise from taking in too much EPA derivatives. In several local marketplaces, PET film supplanted epoxy resins because of this.
Polysulfones and polyether ketones are antioxidants in certain plasticizers and polymerization inhibitors in PVC pipes, respectively, and it is utilized in their manufacture. The efficient usage of polycarbonate in plastics manufacturing is one of the main factors propelling this market. The manufacturing industry's need for polycarbonate has skyrocketed due to the rising demand for consumer goods, medical and dental devices, eyeglass lenses, dental sealants, and foundry castings.
Since its end-use market comprises the construction, automotive, and electronic industries, the future demand for BPA is contingent upon the general health of the world economy. Due to its excellent thermal stability, corrosion protection, moisture resistivity, mechanical strength, and adhesive properties, epoxy resin is a market leader in many industrial applications. The market is anticipated to benefit greatly from the anticipated increase in research and development initiatives. The main obstacle facing this market is the growing public consciousness about the potential health risks of bisphenol A (BPA) in food contact applications, as the substance can lead to various health problems if consumed in excess.
Bisphenol A, or BPA for short, is a chemical compound used in manufacturing a variety of products, the most prevalent of which are polycarbonate plastics and epoxy resins. Products made with bisphenol A (BPA) have a stellar reputation for being both durable and transparent, with a high level of electrical resistance. Because of its many useful characteristics, BPA is used in many different end-use industries, including electronics, medicine, cars, and packaging. For example, digital disks like DVDs, compact discs, and Blu-ray discs are mass-produced in the electronics sector using BPA-based polycarbonate plastics because of their electrical insulation and adaptability. Additionally, bisphenol A (BPA) is an antioxidant in plastics, inks, and glues; it is utilized in the production of medical equipment, dinnerware, plastic containers, and thermal print paper.
Demand for bisphenol A is on the rise due to the developing electronics and automotive industries, which is the main driver of the global market. Printed circuit boards, LEDs, keyboards, computers, and a host of other electronic components are made from polycarbonates and epoxy resins, which in turn are made from bisphenol A. As an example, in January 2018, the Consumer Electronics Association (CEA) projected that the consumer electronics sector will have a 3.95% gain in sales, reaching USD 351 billion. During the review period, this is expected to drive up demand for BPA. Over the course of the review period, demand for the product is anticipated to rise due to the widespread usage of polycarbonate plastics in various automotive components, including lightweight and fuel-efficient vehicles, impact-resistant bumpers, sunroofs, and more.
Report Coverage
Global Bisphenol-A research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bisphenol-A report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bisphenol-A competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bisphenol-A market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bisphenol-A market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bisphenol-A market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Chang Chun Group, Covestro AG, Dow, Hexion, Kumho P&B Chemicals Inc., LG Chem, Lihuayi Weiyuan Chemical Co. Ltd, Merck KGaA, Mitsubishi Chemical Corporation, Mitsui Chemicals Corporation., Nan Ya Plastics Industry Co. Ltd, Nantong Stars Synthetic Material Ltd, Nippon Steel Chemical & Material Co. Ltd, PTT Phenol Company Limited, SABIC, Samyang Holdings Corporation, Shanghai Sinopec Mitsui Chemicals Co. Ltd, and Sinopec Mitsubishi Chemical Polycarbonate (Beijing) Co., Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Bisphenol-A market based on the below-mentioned segments:
Global Bisphenol-A market, By Application
Polycarbonate Plastics
Epoxy Resins
Global Bisphenol-A Market, By End User
Electronics
Automotive
Paints & Coatings
Medical
Packaging
Global Bisphenol-A market, Regional Analysis
Throughout the projected timeframe, the worldwide bisphenol A market is anticipated to expand steadily. The product's rising demand in the marine industry and its growing application in photocurable coatings in the automobile industry are anticipated to fuel this expansion. Once again, the market is being propelled by the increasing demand for polycarbonate plastics from a variety of end user industries, including electronics, construction, and medical. The electrical and electronics industries are expected to drive the market expansion with their increasing need for epoxy resins.
Many polymers and epoxy resins use BPA in their production process. Many consumer items, including water bottles, electronic devices, sports equipment, DVDs, and CDs, are constructed of plastic that contains bisphenol A (BPA) due to its excellent qualities, including resistance to heat and chemicals, durability and strength at low temperatures, and ease of processing. Many beverage cans, water pipes, and thermal paper contain epoxy resins derived from bisphenol A. But, several countries have outright forbidden the use of epoxy resins because of health concerns. Because massive health problems might arise from taking in too much EPA derivatives. In several local marketplaces, PET film supplanted epoxy resins because of this.
Polysulfones and polyether ketones are antioxidants in certain plasticizers and polymerization inhibitors in PVC pipes, respectively, and it is utilized in their manufacture. The efficient usage of polycarbonate in plastics manufacturing is one of the main factors propelling this market. The manufacturing industry's need for polycarbonate has skyrocketed due to the rising demand for consumer goods, medical and dental devices, eyeglass lenses, dental sealants, and foundry castings.
Since its end-use market comprises the construction, automotive, and electronic industries, the future demand for BPA is contingent upon the general health of the world economy. Due to its excellent thermal stability, corrosion protection, moisture resistivity, mechanical strength, and adhesive properties, epoxy resin is a market leader in many industrial applications. The market is anticipated to benefit greatly from the anticipated increase in research and development initiatives. The main obstacle facing this market is the growing public consciousness about the potential health risks of bisphenol A (BPA) in food contact applications, as the substance can lead to various health problems if consumed in excess.
Bisphenol A, or BPA for short, is a chemical compound used in manufacturing a variety of products, the most prevalent of which are polycarbonate plastics and epoxy resins. Products made with bisphenol A (BPA) have a stellar reputation for being both durable and transparent, with a high level of electrical resistance. Because of its many useful characteristics, BPA is used in many different end-use industries, including electronics, medicine, cars, and packaging. For example, digital disks like DVDs, compact discs, and Blu-ray discs are mass-produced in the electronics sector using BPA-based polycarbonate plastics because of their electrical insulation and adaptability. Additionally, bisphenol A (BPA) is an antioxidant in plastics, inks, and glues; it is utilized in the production of medical equipment, dinnerware, plastic containers, and thermal print paper.
Demand for bisphenol A is on the rise due to the developing electronics and automotive industries, which is the main driver of the global market. Printed circuit boards, LEDs, keyboards, computers, and a host of other electronic components are made from polycarbonates and epoxy resins, which in turn are made from bisphenol A. As an example, in January 2018, the Consumer Electronics Association (CEA) projected that the consumer electronics sector will have a 3.95% gain in sales, reaching USD 351 billion. During the review period, this is expected to drive up demand for BPA. Over the course of the review period, demand for the product is anticipated to rise due to the widespread usage of polycarbonate plastics in various automotive components, including lightweight and fuel-efficient vehicles, impact-resistant bumpers, sunroofs, and more.
Report Coverage
Global Bisphenol-A research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bisphenol-A report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bisphenol-A competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bisphenol-A market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Chang Chun Group, Covestro AG, Dow, Hexion, Kumho P&B Chemicals Inc., LG Chem, Lihuayi Weiyuan Chemical Co. Ltd, Merck KGaA, Mitsubishi Chemical Corporation, Mitsui Chemicals Corporation., Nan Ya Plastics Industry Co. Ltd, Nantong Stars Synthetic Material Ltd, Nippon Steel Chemical & Material Co. Ltd, PTT Phenol Company Limited, SABIC, Samyang Holdings Corporation, Shanghai Sinopec Mitsui Chemicals Co. Ltd, and Sinopec Mitsubishi Chemical Polycarbonate (Beijing) Co., Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bisphenol-A Market from 2021 to 2031.
- Market Forecast for Bisphenol-A Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bisphenol-A competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bisphenol-A
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bisphenol-A market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bisphenol-A market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Chang Chun Group, Covestro AG, Dow, Hexion, Kumho P&B Chemicals Inc., LG Chem, Lihuayi Weiyuan Chemical Co. Ltd, Merck KGaA, Mitsubishi Chemical Corporation, Mitsui Chemicals Corporation., Nan Ya Plastics Industry Co. Ltd, Nantong Stars Synthetic Material Ltd, Nippon Steel Chemical & Material Co. Ltd, PTT Phenol Company Limited, SABIC, Samyang Holdings Corporation, Shanghai Sinopec Mitsui Chemicals Co. Ltd, and Sinopec Mitsubishi Chemical Polycarbonate (Beijing) Co., Ltd.
Primary Target Market
- Market Players of Bisphenol-A
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Bisphenol-A market based on the below-mentioned segments:
Global Bisphenol-A market, By Application
Polycarbonate Plastics
Epoxy Resins
Global Bisphenol-A Market, By End User
Electronics
Automotive
Paints & Coatings
Medical
Packaging
Global Bisphenol-A market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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