Authored By: Sarah
11 Jul 2024

 Bisphenol-A Market Size to grow by USD 8.46 billion between 2024-2028

According to a research report “ Bisphenol-A Market” by Application (Polycarbonate resins, Epoxy resins, Unsaturated polyester resins, Flame retardants, Others) End-user (Electronics, Automotive, Paints and coatings, Medical, Packaging) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 8.46 billion, at a CAGR of  6.32% during the forecast period. The global bisphenol-A (BPA) market is witnessing significant growth, fueled primarily by the burgeoning demand from the automotive sector. BPA, a vital ingredient in the synthesis of polycarbonate plastics and epoxy resins, plays a pivotal role in the automotive industry. Its extensive utilization spans from interior components such as trim and panels to structural parts, owing to its robustness and impact resistance. The automotive industry's emphasis on lightweight, durable materials for manufacturing and stringent safety standards has escalated the demand for BPA. Furthermore, the industry's focus on fuel efficiency and sustainability enhances BPA's significance. Polycarbonate plastics, synthesized from BPA, provide a lightweight alternative to conventional materials, contributing to the overall weight reduction of vehicles.

Browse market data tables, figures, and in-depth TOC on “Bisphenol-A Market” by Application (Polycarbonate resins, Epoxy resins, Unsaturated polyester resins, Flame retardants, Others) End-user (Electronics, Automotive, Paints and coatings, Medical, Packaging) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Application, the Polycarbonate resins segment is projected to dominate the market size in 2024

The global bisphenol-A (BPA) market is experiencing significant growth due to the increasing demand for this chemical in the electronics industry. BPA is a crucial component in the manufacture of polycarbonate, a versatile plastic renowned for its clarity, toughness, and heat resistance. In the electronics sector, polycarbonate is extensively used to produce various components, including electronic housings, connectors, and optical discs. The burgeoning market for electronic devices, such as smartphones, laptops, and consumer electronics, is driving the consumption of polycarbonate and, consequently, BPA. The unique properties of polycarbonate make it an optimal solution for electronic applications, offering the necessary durability and high-performance characteristics essential for these products.

By End-user, Electronics  segment is expected to hold the largest market size for the year 2024

Bisphenol-A (BPA) is a crucial component in the manufacture of polycarbonate, a highly versatile and transparent plastic. This material's primary applications include the production of shatter-resistant bottles and containers for various beverages and food products. The clarity, durability, and lightweight property of polycarbonate make it a preferred choice over traditional glass containers, offering consumers a more convenient and safer packaging solution. Additionally, polycarbonate is extensively used in the production of eyewear lenses due to its exceptional optical clarity and impact resistance. This attribute makes it an optimal material for both eyeglasses and sunglasses, enhancing wearer comfort while ensuring increased safety and protection.

APAC is forecasted to hold the largest market size by region in 2024

The economic expansion in the Asia-Pacific (APAC) region, driven by growth in the commercial and residential construction sector and infrastructure development, is anticipated to boost the demand for bisphenol-A (BPA) during the forecast period. Key end-use industries for BPA, including adhesives, sealants, electronic products, paints and coatings, and others, are expected to experience significant growth due to increased infrastructure development. Furthermore, rising per capita income in developing countries like India and China, fueled by foreign investments, has expanded consumer purchasing power, leading to increased demand for automobiles. With numerous automotive manufacturing companies relocating their operations to APAC due to the availability of low-cost labor, the demand for BPA in the production of automotive parts is also projected to rise.

The Bisphenol-A Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Bayer AG
  • CATO
  • Chang Chun Group
  • Covestro AG
  • DHALOP CHEMICALS
  • Dow Chemical Co.
  • HELM AG
  • Hexion Inc.
  • Kumho Petrochemical Co. Ltd.
  • Leo Chemo Plast Pvt. Ltd.
  • LG Chem Ltd.
  • Merck KGaA
  • MERU CHEM PVT. LTD.
  • Mitsubishi Chemical Group Corp.
  • Mitsui Chemicals Inc.
  • Nan Ya Plastic Corp.
  • Nippon Steel Corp.
  • PTT Global Chemical Public Co. Ltd.
  • Samyang Corp.
  • Saudi Basic Industries Corp.
  • Solvay SA
.

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Research Analysis Overview

Bisphenol-A (BPA) is a vital chemical building block used in the production of various polymers, including polycarbonate resins and epoxy resins. These polymers find extensive applications in diverse industries such as automotive, construction, electrical, and consumer goods. In polyurethanes and polyester resins, BPA enhances heat resistance and electrical resistance, making them suitable for use in electrical applications. As a flame retardant, it is used in the production of polycarbonate plastics, which are widely used in the manufacturing of dental filling materials, brake fluid, and metal food cans. BPA is also used in the production of polycarbonate resins for making shatterproof water bottles, eyewear, and windows. The global BPA market size was valued at over 5 million metric tons in 2020, with significant growth expected due to increasing demand for BPA in construction activities, plastic products, paints and coatings, and other applications. Despite its benefits, BPA has raised environmental concerns due to its potential health hazards. The recovery of BPA from waste streams is an active area of research to minimize its environmental impact. The market for BPA is expected to continue growing, driven by its versatile applications and increasing demand for sustainable and eco-friendly alternatives. BPA is produced from carbonyl chloride, a hazardous chemical, making its production process environmentally challenging. The production and use of BPA require stringent regulations and safety measures to mitigate potential risks to human health and the environment.

Market Research Overview

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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