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Bisphenol A (BPA) - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

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    Report

  • 180 Pages
  • February 2024
  • Region: Global
  • Mordor Intelligence
  • ID: 5318392
UP TO OFF until Mar 31st 2024
The Bisphenol A Market size is estimated at 7.96 Million tons in 2024, and is expected to reach 10.76 Million tons by 2029, growing at a CAGR of 6.23% during the forecast period (2024-2029).

The COVID-19 pandemic has affected the sales of paints and coatings, plastic products, and other bisphenol A-based products, as construction activities were halted. Therefore, the market was negatively impacted in 2020. However, the industry witnessed a steady recovery in 2021 and the production is similar to the pre-COVID-19 period.

Key Highlights

  • In the medium term, strong demand for polycarbonate and rising demand for epoxy resins from various end-user industries, are likely to drive the market's growth.
  • However, environmental concerns and regulations on the usage of BPA are expected to majorly restrain the market's growth.
  • Nevertheless, the rising investments and applications of bisphenol A (BPA) likely to create lucrative growth opportunities for the global market soon.
  • The Asia-Pacific region is expected to dominate the market and register the highest CAGR during the forecast period.

Bisphenol-A Market Trends

Increasing Demand for Polycarbonate Resins

  • Polycarbonate is commonly formed with the reaction of bisphenol A with carbonyl chloride in an interfacial process. Among all other applications, polycarbonate resins application provides the major market demand for bisphenol A (BPA).
  • Bisphenol A is a structural component in polycarbonate-based beverage bottles and containers. Polycarbonates are also widely used in building and construction applications. Polycarbonate sheets are used as a substitute for glass in a variety of skylight and window applications. They are also used as opaque cladding panels, barrel vaults, canopies, translucent walls, facades and signage, sports stadium roofs, louvers, and roof domes.
  • Among all other applications, polycarbonate resins provide the major market demand for BPA, with more than 70% of the global share.
  • Polycarbonates are a high-performing thermoplastic widely used in building and construction applications. Polycarbonate sheets are used as a substitute for glass in a variety of skylight and window applications. They are also used as opaque cladding panels, barrel vaults, canopies, translucent walls, facades and signage, sports stadium roofs, louvers, and roof domes.
  • According to Covestro, the demand for polycarbonates grew to 4.5 million tonnes in 2021 from 4.2 million tonnes in 2020.
  • Recently, the application of polycarbonate materials highly increased in greenhouses. European countries, such as Germany, the Netherlands, Spain, and France, have larger areas for greenhouse cultivation.
  • Polycarbonate with its properties including more durability than glass, greater light diffusion, insulation, more design options, and a variety of colors replaces glass materials in a variety of commercial and industrial uses.
  • Some of the major companies in the polycarbonate market include Covestro AG, SABIC, Mitsubishi Engineering-Plastics Corporation, LOTTE Chemical CORPORATION, TEIJIN LIMITED, and others. The companies are investing heavily in mergers, acquisitions, and expansion, which are expected to boost the demand for bisphenol in polycarbonates, for instance,
  • In May 2022, Saudi Basic Industries Corporation (SABIC) announced the startup of pre-commissioning activities at a polycarbonate production complex in Tianjin, China, with an annual capacity of 260,000 metric tons per year.
  • In March 2022, Covestro AG started two polycarbonate compounding production lines at its Greater Noida plant near New Delhi in India to meet the growing demand for compounded plastics, particularly for the automotive and electrical, and electronics industries.
  • Therefore, such factors are expected to affect the demand for bisphenol A in polycarbonate applications over the forecast period.


Asia-Pacific is Expected to Dominate the Market

  • The Asia-Pacific region is the largest producer and consumer of bisphenol-A in various end-user industries. Thus, it is expected to dominate the market.
  • China is the largest base for electronics production in the world. Electrical and Electronic products, such as smartphones, TVs, wires, cables, portable computing devices, gaming systems, and other personal electronic devices recorded the highest growth in the consumer electronics segment.
  • China's revenue in the consumer electronics segment is projected to be USD 251.40 billion in 2022. The revenue is expected to show an annual growth rate of 2.04%, resulting in a projected market volume of USD 266.06 billion by 2025.
  • China is the largest consumer of electric vehicles in 2022 Thus, increased electric vehicle sales in China are estimated to drive the polycarbonate market in China. Thus, increased electric vehicle sales in China are estimated to drive the polycarbonate market in China.
  • According to OICA, in 2021 china produced 26082.22 billion vehicles, an increase of 3% compared to the same period last year.
  • The demand for polycarbonate in India is likely to increase as the country may witness an investment of around USD 1.3 trillion in housing over the next seven years for the construction of 60 million new homes. In FY21, infrastructure activities accounted for a 13% share of the total FDI inflows of USD 81.72 billion.
  • Electronic components and devices accounted for about YEN 7.25 trillion(USD 0.53 trillion) of the total production value of the electronics industry in Japan in 2021.
  • Such factors are significantly impacting the market. However, the consumption of BPA in the region is expected to increase in various end-user industries during the forecast period.


Bisphenol-A Industry Overview

The bisphenol A (BPA) market is consolidated, and the top five players dominated global production with a significant share in 2021. Some of the key players (not in any particular order) in the market include Covestro AG, Chang Chun Group, Nan Ya Plastics Corporation, Kumho P&B Chemicals Inc., and SABIC.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


This product will be delivered within 2 business days.

Table of Contents

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Strong Demand for Polycarbonate Plastics
4.1.2 Rising Demand for Epoxy Resins from Various End-user Industries
4.2 Restraints
4.2.1 Environmental concerns and regulations on the usage of BPA
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Feedstock Analysis
4.6 Technological Snapshot
4.7 Trade Analysis
4.8 Price Analysis
4.9 Regulatory Policy Analysis
5 MARKET SEGMENTATION (Market Size in Volume)
5.1 Application
5.1.1 Polycarbonate Resins
5.1.2 Epoxy Resins
5.1.3 Unsaturated Polyester Resins
5.1.4 Flame Retardants
5.1.5 Other Applications
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 ASEAN Countries
5.2.1.6 Rest of Asia-Pacific
5.2.2 North America
5.2.2.1 United States
5.2.2.2 Canada
5.2.2.3 Mexico
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 United Kingdom
5.2.3.3 Italy
5.2.3.4 France
5.2.3.5 Spain
5.2.3.6 Rest of Europe
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle-East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Chang Chun Group
6.4.2 Covestro AG
6.4.3 Dow
6.4.4 Hexion
6.4.5 Kumho P&B Chemicals Inc.
6.4.6 LG Chem
6.4.7 Lihuayi Weiyuan Chemical Co. Ltd
6.4.8 Merck KGaA
6.4.9 Mitsubishi Chemical Corporation
6.4.10 Mitsui Chemical Inc.
6.4.11 NAN YA PLASTICS Industry Co. Ltd
6.4.12 Nantong Stars Synthesize Material Ltd
6.4.13 NIPPON STEEL Chemical & Material Co. Ltd
6.4.14 PTT Phenol Company Limited
6.4.15 SABIC
6.4.16 Samyang Holdings Corporation
6.4.17 Shanghai Sinopec Mitsui Chemicals Co. Ltd
6.4.18 Sinopec Mitsubishi Chemical Polycarbonate (Beijing) Co. Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Investments and Applications of Bisphenol A (BPA)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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 Chemical Inc.
  • NAN YA PLASTICS Industry Co. Ltd
  • Nantong Stars Synthesize 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

Methodology

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