Authored By: Sarah
24 Aug 2024

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

The Bisphenol-A Market is segmented by Application (Polycarbonate resins, Epoxy resins, Unsaturated polyester resins, Flame retardants, and Others), End-user (Electronics, Automotive, Paints and coatings, Medical, and Packaging), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 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. There are several companies that are contributing to the market as per this report. Increasing use of bisphenol-A as a color developer in thermal paper .

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

For insights on company offerings- Request a sample report!

Why is APAC forecasted to hold the largest regional market size 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.

To access the valuable insights - Download the Free Sample Report

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

The global bisphenol-A (BPA) market is a significant segment of the larger commodity chemicals market, which is itself a part of the broader global chemicals industry. According to Technavio, the commodity chemicals market encompasses businesses primarily engaged in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Notably, this market excludes companies specializing in diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. The size of the global commodity chemicals market is determined by the combined revenue generated by its constituent industrial and basic chemical manufacturers. A key growth driver for this market is the escalating demand for plastic packaging, given that plastic is the most widely utilized material in the global packaging sector. - The Bisphenol-A Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

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/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio
Document