Bisphenol A Market Growth & Trends
The global bisphenol A market size is expected to reach USD 27.27 billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030. Bisphenol A (BPA) is largely used for the production of polycarbonates and growing demand of polycarbonates in consumer goods and medical devices is expected to be a key driver for the market. In addition, the growing construction industry and growing BPA demand in automobile industry are expected to further augment market growth. However, health hazards associated with the use of BPA resulting in regulatory pressure is expected to be a key challenge for the industry over the next six years.
Polycarbonate was the largest application segment accounting for 5,083.5 kilo tons of BPA demand in 2013; followed by epoxy resin applications, with market volume estimated at 1,414.7 kilo tons in 2013. Superior performance of epoxy resins, in terms of thermal stability, corrosion protection and mechanical strength for industrial applications is expected to reflect in BPA demand; as a key monomer for these resins.
Bisphenol A Market Report Highlights
- Polycarbonate resins dominated the market and accounted for a market share of 49.7% in 2023, as they have a wide range of applications.
- Asia pacific dominated the bisphenol A market with a share of 59.6% in the year 2023 primarily due to the strong presence of end user industries and their requirement of bisphenol A.
- North America bisphenol A market had a market share of 17.6%. This attributed to the rise in the need for polycarbonate plastics and epoxy resins in established industries such as paints and coatings, electronics, and medical sectors.
- Europe bisphenol A market was identified as a lucrative region in this industry due to the strong presence of key industry players and a well-developed infrastructure.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Bisphenol A Market Variables, Trends, & Scope
Chapter 4. Bisphenol A Market: Application Estimates & Trend Analysis
Chapter 5. Bisphenol A Market : Regional Estimates & Trend Analysis
Chapter 6. Competitive Landscape
Companies Mentioned
- Covestro AG
- SABIC
- Chang Chun Group
- Mitsui Chemical Inc
- Nan Ya Plastics Corporation
- Altivia
- China National Bluestar (Group) Co. Ltd
- Mitsubishi Chemical Corporation
- HEXION INC
- LG Chem
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 19.01 Billion |
| Forecasted Market Value ( USD | $ 27.27 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
