Bisphenol A (BPA) Market

Bisphenol A (BPA) Market is valued at USD 16.95 Billion in 2021 and expected to reach USD 28.67 Billion by 2028 with a CAGR of 7.8% over the forecast period. 

Global Bisphenol A (BPA) Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing demand for bisphenol A-based products in the electronics industry, ITS rising demand in the automotive industry, and growing demand for polycarbonate resins are some of the major factors driving the growth of the Global Bisphenol A (BPA) Market. 

Scope of Global Bisphenol A (BPA) Market Report- 

Bisphenol A (BPA) is a chemical compound that is mainly used in the manufacture of various plastics. It is a colorless solid that is soluble in most common organic solvents but very sparingly soluble in water. It is mainly used in the production of polycarbonate and is one of the main monomers in the production of epoxy resins. It also plays an important role in the manufacture of unsaturated polyester resins, polyacrylates, polyetherimides, flame retardants, and polysulfone resins. BPA is used to make epoxy resins and certain plastics. Plastics made of BPA exhibit high properties such as heat and chemical resistance, durability and strength at low temperatures, and easy processability that make them suitable for the production of various consumer goods such as sports equipment, electronic devices, water bottles, DVDs, and CDs. BPA-based epoxy resins are used as coatings in many beverage cans, water pipes, and thermal paper. 

The Covid-19 pandemic has shown a negative impact on the growth of the global bisphenol A (BPA) market. The Covid-19 pandemic has affected the sales of paints and coatings, plastic products, and other bisphenol A-based products, as construction activities have come to a standstill, thus negatively impacted the market. However, the market is expected to grow after the Covid-19 pandemic. 

The global bisphenol A (BPA) market is segmented on the application, end-use, and region & country level. Based on application, the global bisphenol A (BPA) market is segmented into epoxy resins, flame retardants, unsaturated polyester resins, polycarbonate resins, and others. By end-use, the global bisphenol A (BPA) market is segmented into construction materials, appliances, electrical & electronics, automotive, and others. 

The regions covered in the global bisphenol A (BPA) market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global bisphenol A (BPA) is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc. 

Key Players of Global Bisphenol A (BPA) Market Report- 

Some major key players for the global bisphenol A (BPA) market report cover prominent players like Covestro AG, Olin Corporation, Altivia, Hexion, Inc., Idemitsu Kosan Co. Ltd., Khuzestan Petrochemical Co, Mitsui Chemicals, Inc., Kumho P&B Chemicals, Inc., LG Chem, Mitsubishi Chemical Corporation, Lihuayi Group Co. Ltd., Nan Ya Plastics Corporation, ChangChun Group, and others.  

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 16.95 Billion
Base year considered	2021
Forecast Period CAGR %:	7.8%
Market Size Expected in 2028:	USD 28.67 Billion
Tables, Charts & Figures:	175
Pages	200
Bisphenol A (BPA) Key Player	Covestro AG, Olin Corporation, Altivia, Hexion, Inc., Idemitsu Kosan Co. Ltd., Khuzestan Petrochemical Co, Mitsui Chemicals, Inc., Kumho P&B Chemicals, Inc., LG Chem, Mitsubishi Chemical Corporation, Lihuayi Group Co. Ltd., Nan Ya Plastics Corporation, ChangChun Group, and others.
Segments Covered	By Application, By End-Use
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

Increasing Demand for Bisphenol A-Based Products in the Electronics Industry, Its Rising demand in the Automotive Industry, and Growing Demand for Polycarbonate Resins are Some of the Major Factors Driving the Market Growth  

One of the major factors driving the growth of the bisphenol A (BPA) market is the increasing demand for bisphenol A-based products in the electronics industry to provide improved safety to consumers. Electronics companies use flame retardant polycarbonate to comply with strict legal regulations on flame retardancy. Polycarbonates are highly essential and beneficial in manufacturing electrical & electronic goods, such as cell phones, hairdryers, cameras, & computers, housings, as well as electrical products such as fuse boxes, cable ducts, lamp covers, lug connections, and switches. Thus, increasing use of polycarbonate resins in industrial applications, such as machine parts and electronic components, due to their lightweight and excellent shock absorption properties is likely to boost the growth of the global bisphenol A industry.  

In addition, the rising demand for bisphenol A in the automotive industry is also boosting the growth of the bisphenol A (BPA) market. Polycarbonate resin, which is one of the most popular downstream products of Bisphenol A, is used in the manufacture of car headlights, rear windows, bumpers, or dashboards. Increasing demand for passenger vehicles, and driving demand for transportation as a result of a growing population, are expected to positively impact industry growth. For instance; according to The International Organization of Motor Vehicle Manufacturers; in 2019 the world produced 91.8 million vehicles.  

Moreover, the growing demand for polycarbonate resins is also supplementing the bisphenol A (BPA) market growth. For instance; as per the news published, on August 9th, 2021; Sabic launched certified circular polycarbonate resin and blends made from the upcycling of post-consumer mixed plastic. However, the regulations on the usage of BPA associated with bisphenol A (BPA) may hinder the growth of the global bisphenol A (BPA) market. Despite that, growing advancements in the applications of  bisphenol A (BPA) may create more opportunities for the further growth of the global bisphenol A (BPA) market. 

Asia Pacific is Expected to Capture a Significant Share in the Global Bisphenol A (BPA) Market  

Geographically, Asia Pacific is expected to capture a significant share in the global bisphenol A (BPA) market within the forecast period due to the increasing sales of electric vehicles, rising disposable income, and growing demand for electronics & electrical products in this region. Increasing sales of electric vehicles is also supplementing the growth of the market. For instance; according to International Energy Agency, on May 23rd, 2022; in China, electric car sales are expected to nearly triple to 3.3 million in 2021, accounting for half of the global total.  

North America is the fastest-growing region in the global bisphenol A (BPA) market due to increasing demand for bisphenol A-based plastic & resins industries, rising disposable income, and growing construction activities and automotive industry in this region.  

Global Bisphenol A (BPA) Market Segmentation:

By Application

• Epoxy Resins 
• Flame Retardants
• Unsaturated Polyester Resins
• Polycarbonate Resins
• Others 

By End-Use

• Construction Materials
• Appliances
• Electrical & Electronics
• Automotive
• Others 

Bisphenol A (BPA) Market Key Players:

• Covestro AG
• Olin Corporation
• Altivia
• Hexion, Inc.
• Idemitsu Kosan Co. Ltd.
• Khuzestan Petrochemical Co
• Mitsui Chemicals, Inc.
• Kumho P&B Chemicals, Inc.
• LG Chem
• Mitsubishi Chemical Corporation
• Lihuayi Group Co. Ltd.
• Nan Ya Plastics Corporation
• ChangChun Group

By Region Analysis

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• China
• South Korea
• Japan
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Brazil
• Mexico
• Colombia
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Key Benefits of Global Bisphenol A (BPA) Market Report– 

• Global Bisphenol A (BPA) Market report covers in-depth historical and forecast analysis 
• Global Bisphenol A (BPA) Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level. 
• Global Bisphenol A (BPA) Market report helps to identify opportunities in marketplace.
• Global Bisphenol A (BPA) Market report covers extensive analysis of emerging trends and competitive landscape.