Global Bisphenol A Market was valued at US$ 19.1 Bn in 2019 and is estimated to reach US$ XX Bn by the end of 2027, growing at a CAGR of ~5.46 % during the forecast 2020 and 2027.
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Global Bisphenol A Market Definition:
Bisphenol A also, known as BPA, is an organic chemical compound produced in large quantities primarily in the production of polycarbonate plastics for storage and epoxy resins for coating.
Polycarbonate plastics is an essential intermediate for high-performance polymer plastics are often used to store food and beverages containers like water bottles and other consumer goods.
Epoxy resins are used for the coating of metal products, such as water supply lines, food and beverages cans and bottle tops and some Bisphenol A may also be found in composites and dental sealants.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Global Bisphenol A Market Dynamics:
The report comprises of worldwide Bisphenol A market presentation in terms of revenue from various segments and detailed evaluation of the trends and factors that are playing a substantial role in the market. These factors involve the drivers, restraints, opportunities, and challenges for the key companies and stakeholders in the industry.
The prime factors driving the Bisphenol A market is high-performing materials progressively used in a wide area for industrial applications and potential consumer. Moreover, growing demand for epoxy resins and polycarbonate in various industries such as adhesives, coatings, electrical and electronics, packaging, and other industries, are the major factors driving the bisphenol A (BPA) market. Further, the application of BPA in food and beverage sector is examined to have extended growth dynamically.
However, in many counties like the United States, European, Union and Canada, use of BPA has been barred because of growing pressure from the media and public health concern as gradual phasing out of bisphenol-A in food and beverage are inducing health hazards and cancer, emerging to prohibit use in baby feeding bottles and many more, thus, hindering the market growth and the factors majorly restraints the market.
Further, the market for Untapped in rotor-blade composites is anticipated to have an opportunity for market growth, over the forecast.
Global Bisphenol A Market: Market Segmentation
The report covers competitive analysis of the Bisphenol A market in geographical and regional segments thereby providing brief insight into a market share at the macro as well as micro levels.
Based on the application; Polycarbonate is estimated to have largest ~75% shares in consumption accounting for 6085.5 unit of BPA in 2019 and is estimated to grow at 2,414.7 unit in 2027, Over the forecast period. Extensive application of Polycarbonate in the storage such as baby bottles, food and drink as containers, water bottles, electrical and electronic equipment, sports equipment, and others. Furthermore, increasing demand for dental sealants and composites from medical and dental equipment is likely to exhibit strong demand for polycarbonates in the coming years.
Moreover, epoxy resin provides protective liners on the inner side of cans which are used for the packing of foods and beverages to maintain the quality of the food. The superior performance of epoxy resins, in terms of corrosion protection, thermal stability and mechanical strength for industrial applications are projected to replicate demand for BPA and hence driving the market.
Automobiles industries and food and drink application dominates the global BPA consumption market and show positive growth in this industry across the globe market. Furthermore, in the automotive industry, polycarbonates are widely used for weight reduction, under-bonnet component energy absorption, and shock absorption for bumpers, restriction of explosion risks in fuel tanks and thus, driving the market and propelling the growth.
Global Bisphenol A Market: Geographical Analysis
Asia-Pacific is the dominant market with the largest market share of UD$ XX% in 2019 and is predicted to reach US$ XX.X Mn by 2027, growing at a CAGR of XX %. Asia-Pacific is accounted to have 54% share for bisphenol A. BPA market is largely driven by emerging countries such as China, Brazil, and India. In which, China is forecasted to implant a series of new plant installations with capacity expansions for BPA, feedstock phenol and acetone in the coming year. For example, in 2018, KBR US-based Company received a license and engineering (LBED) and an equipment supply agreement from chemicals producer Cangzhou Dahua New Materials (CDNM) to create a new polycarbonate plant in Cangzhou City in China. Moreover, government initiatives and large investments by major companies in R&D and Technological advancement at the global level have also driven the market.
North America and Europe is the fastest-growing market and is estimated to grow at CAGR of 4.5% and 4.3% respectively from 2019 to 2027. Further, the existence of major players and well-established infrastructure in the region is driving the market. However, Governments of the European Union and Canada have barred the use of polycarbonate’s products resulting in lowering the demand for BPA.
Competitive Analysis: Global Bisphenol A Market:
The report Bisphenol A Market analysis includes information of detailed analysis leading manufacturers and upcoming trends & challenges that will influence market growth. Further, the adoption of variant strategic business activities such as acquisitions, mergers, etc. are estimated to create productive opportunities for the global market over the forecast period.
Some of the Key Developments in the Market: Mergers & Acquisition –
• In June 2017, Teijin proclaimed for the forecasting to launch the first-ever polycarbonate-resin pillar-less automotive front window. The usage of polycarbonate resins in front windows of automotive is not permitted because of safety standards. However, high resistance to weather and abrasion, resin will comply with novel Japanese standards. These new portfolio product launches, in turn, upsurge the demand for this resin globaly.
• In 2018, KBR US-based company received a license and engineering (LBED) and an equipment supply agreement from chemicals producer Cangzhou Dahua New Materials (CDNM) to create a new polycarbonate plant in Cangzhou City in China.
The objective of the report is to present a comprehensive analysis of the Global Bisphenol A Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Bisphenol A Market dynamics, structure by analyzing the market segments and projects the Global Bisphenol A Market size. Clear representation of competitive analysis of key players By Pathogen Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Bisphenol A Market make the report investor’s guide
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Scope of the Global Bisphenol A Market : Inquire before buying
Global Bisphenol A Market, By Application
• Epoxy resins
• Polycarbonates Resins
• Flame retardants
• Polysulfone resins
• Unsaturated polyester resins
• Other Applications
Global Bisphenol A Market, By End-Use
• Eye wear
• Automotives component
• Electrical and Electronics
• Wind Energy Composites
• Paint and Coating
• Green House
Global Bisphenol A Market, By Region
• North America
• Asia Pacific
• The Middle East and Africa
• Latin America
Global Bisphenol A Market, key Players
• Covestro AG
• DowDuPont Inc.
• Mitsui Chemical Inc.
• SABIC Innovative Plastics
• Bayer Material Science
• Vinmar International
• Dow Chemical
• LG Chemical
• P&B Chemicals
• Formosa Plastics
• Samyang Innochem
• Chang Chun Plastics Co Ltd
• Hexion Inc.
• Mitsubishi Chemical Corporation
• Nan Ya Plastics Corporation
• Nippon Steel & Sumikin Chemical Co Ltd
• Olin Corporation
• Kingboard Holdings
• Rhodia Brasil
• Sunoco Chemicals
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