all report title image

The global Bisphenol A market size was valued at USD 6589.69 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.01% from 2022 to 2030. The global Bisphenol A market is expected to grow at a steady pace during the forecast period. This growth is expected to be driven by the increasing demand for the product in the marine industry and expanding use in photocurable coatings. Moreover, growing demand for polycarbonate plastics from wide range of end-user industries is again propelling market growth. Furthermore, increasing demand for epoxy resins from electrical and electronic industry is further anticipated to foster market growth.

Global Bisphenol A Market: Regional Insights

In terms of geography, Asia-Pacific is expected to maintain its leading position over the forecast period, primarily driven by India, Japan, and China. The region is the largest consumer of Bisphenol A globally, and has significant potential for growth in the building and construction, automotive, and electrical & electronics industries. According to the International Monetary Fund, the number of high-rise buildings in the ASEAN region has been growing steadily, with the countries, such as Indonesia, Malaysia, and the Philippines, already witnessing a significant number of buildings and new buildings being built in the recent past as well. The GDP growth rate of the ASEAN countries is forecasted to increase to 2.9 in 2021 from a negative growth rate.

North America is also expected to experience significant growth over the forecast period. The United States is one of the world’s largest and most powerful economy. The economy’s growth rate was 2.3% in 2017, which increased to 3% in 2018. Further, in 2019, the GDP growth was recorded to be about 2.2%, i.e., 0.8% lower than in 2018.

Figure 1. Global Bisphenol A Market Share (%), By Region, 2021

Bisphenol A  | Coherent Market Insights

Global Bisphenol A Market Drivers:

Growing demand for polycarbonate plastics from wide range of industries is driving growth of the Bisphenol A market. For instance, in October 2020, Covestro opened a new polycarbonate film production line at Map Ta Phut Industrial Estate, Thailand. The new capacity was aimed to address the rapidly expanding demand for polycarbonate films in the Asia-Pacific region. The films are most utilized in the automobile, telecommunications, medical technology, and identification document industries.

Increasing demand for epoxy resins from electronic industry is again projected to foster market growth. For instance, in India, electrical and electronics production is expected to increase rapidly due to government initiatives with policies like "Make in India" to make the country self-reliant. Samsung and three contract manufacturing partners of Apple along with 16 other firms received incentives of USD 6.65 billion under India's plan to boost domestic smartphone production over the next five years.

Global Bisphenol A Market Opportunities:

Increasing investment in Bisphenol A (BPA) is projected to offer significant growth opportunities over the forecast period. For instance, in December 2021, Luxi Chemical plans to invest in constructing a 1.2 million tons/year bisphenol A project. Thus, the ongoing and upcoming projects of capacity expansions and investments in the field of BPA are projected to act as a market opportunity over the forecast period.

Growing automotive production is expected to fuel demand BPA in the near future. This is expected to serve major growth opportunities over the forecast period. According to OICA, the production of automotive sector has revived again in 2021 with production of 5, 72, 62,777 vehicles in Q1-Q3 phase of 2021 which is 10% higher than the same period of previous year. The dip in automotive production in 2020 with 7, 76, 21,582 vehicles and 9, 21, 75,805 units in 2019 has regained the pace in 2021. Thus, it is projected to boost the demand for BPA in this industry over the forecast period.

CMI table icon

Bisphenol A Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 6,589.69 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 6.01% 2030 Value Projection: US$ 9,980.00 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Application: Polycarbonate Resins, Epoxy Resins, Unsaturated Polyester Resins, Flame Retardants, Other Applications
Companies covered:

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

Growth Drivers:
  • Growing demand for polycarbonate plastics from wide range of industries
  • Increasing demand for epoxy resins from electronic industry
Restraints & Challenges:
  • Increasing regulations on usage of BPA

Global Bisphenol A Market Trends:

The growing investments in the research and development (R&D) for developing advanced composite materials by various aerospace companies such as The Boeing Company, General Electric Company, and Airbus SE among others, is uplifting the demand for thermoplastics, which in turn is augmenting the growth of BPA market.

Increasing use of BPA as a color developer in thermal paper is expected to be a major trend in the market. BPA after heating process reacts with a leuco dye and changes it to a colored form.

Global Bisphenol A Market Restraints:

Increasing regulations on usage of BPA is projected to act as restraint for the market of Bisphenol A (BPA). For instance, under the Commission Implementing Regulation (EU) No. 321/2011, the European government announced the prohibition of the use of BPA in the manufacture of plastic for newborn feeding bottles.

Growing environmental concerns over BPA is again projected to hamper the market growth. BPA can discharge and harm the environment as plastic items disintegrate. This pollution is highly dangerous, as BPA is a xenoestrogen chemical that acts as an endocrine disruptor and can lead to a variety of health problems in humans.                                               

Figure 2. Global Bisphenol Market Share (%) in terms of Values, By Application 2021

Bisphenol A  | Coherent Market Insights

Global Bisphenol A Market Segmentation:

The global Bisphenol A market report is segmented into application and geography.

Based on application, the market is segmented into Polycarbonate Resins, Epoxy Resins, Unsaturated Polyester Resins, and Flame Retardants. Out of which, Polycarbonate Resins is expected to dominate the global market over the forecast period and this is attributed to the growing demand from construction industry. It is used to construct barrel vaults, opaque cladding panels, canopies, facades and signage, sports stadium roofs, translucent walls, louvers, and roof domes. Additionally, key players are focusing on introducing novel Polycarbonate Resins due to growing R &D activities. For instance, in August 2021, SABIC has launched certified circular polycarbonate (PC) resin and blends made from the upcycling of post-consumer mixed plastic. Moreover, the certified circular polycarbonate can reduce carbon footprint up to 23%, compared to its incumbent.

Epoxy Resins segment is also expected to witness significant growth in the near future and this is owing to the growing demand from electronic product, metal products, such as bottle tops, food cans, and water supply lines.

Global Bisphenol A Market: Key Developments

  1. In January 2019, The CHANG CHUN GROUP decided to expand its downstream BPA units by 135,000 thousand tons/year to the full capacity of 405,000 tons/year.
  2. In September 2019, Chang Chun Group announced the plans to build new petrochemical facilities for China and Southeast Asia, including bisphenol A production.
  3. In March2021, Chang Chun Plastics acquired Taiwan Prosperity Chemical Corp. (TPCC) from Taiwan Cement Group for USD 85 million.
  4. In January 2019, Covestro announced the plan to expand its BPA unit in Shanghai to 200,000 tons/year by the end of 2022.

Global Bisphenol A Market: Key Companies Insights

The global Bisphenol A market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global Bisphenol A market are 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

*Definition: Bisphenol A is an organic chemical that is used in the production of polycarbonate plastics, epoxy resins, and other polymeric materials. The polycarbonate plastics are used in a variety of products, including plastic containers for food and beverages, microwave ovens, and cookware. Bisphenolic resins are also used as protective linings for food cans.

Bisphenol A is a high-performance thermoplastic widely used in a variety of industrial applications. Some of the primary markets for Bisphenol A are the construction industry and the automotive sector. It is present in many consumer products, including plastic bottles, metal cans, and some food packaging.  It is also used in some types of dental materials. Moreover, it is used in the manufacture of epoxy resins and polycarbonate plastics.

Market Dynamics:

Strong demand for polycarbonate is driving the market for bisphenol A. Moreover, increasing demand for epoxy resins from various end-user industries is again propelling market growth. Epoxy resins is widely used in the manufacturing of electronic products. Additionally, growing construction sector is also projected to augment the market growth.

On the other hand, strict regulations on the usage of BPA is projected to hamper the market growth. For instance, Canada is the first country to declare BPA as toxic. In 2008, the government banned baby bottles containing BPA, a plastic chemical found in some polycarbonate bottles, and the lining of canned goods.

Key features of the study:

  • This report provides in-depth analysis of the global Bisphenol A (BPA) market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global Bisphenol A (BPA) market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include 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
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global Bisphenol A (BPA) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Bisphenol A (BPA) market

Detailed Segmentation:

  • Global Bisphenol A Market, By Application:
    • Polycarbonate Resins
    • Epoxy Resins
    • Unsaturated Polyester Resins
    • Flame Retardants
    • Other Applications
  • Global Bisphenol A Market, By Geography:
    • Asia-Pacific
    • North America
    • Europe
    • South America
    • Middle East & Africa
  • Company Profiles:
    • 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
    • Sinopec Mitsubishi Chemical Polycarbonate (Beijing) Co. Ltd

Frequently Asked Questions

The global Bisphenol A market size is estimated to be valued at US$ 6,589.69 Million in 2021 and is expected to exhibit a CAGR of 6.01% between 2022 and 2030.
Growing demand for polycarbonate plastics from wide range of industries and increasing demand for epoxy resins from electronic industry are fuelling the growth of the market.
The Polycarbonate Resins segment is the leading component segment in the market.
Increasing regulations on usage of BPA is the major factors restraining growth of the market.
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

Related Reports

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo