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Global Bisphenol A (BPA) Market: By Application: Polycarbonate Resins, Epoxy Resins, Unsaturated Polyester Resins, Flame Retardants, Others; By End Use: Appliances, Automotive, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Bisphenol A (BPA) Market Outlook
The global bisphenol A (BPA) market reached a value of almost USD 10.92 billion in 2020. The market is expected to grow at a CAGR of 7.8% in the forecast period of 2023-2028 to reach a value of USD 30.62 billion by 2026.
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Growing Demand for Polycarbonate Resins in Various Industries to Bolster the Growth of the Bisphenol A (BPA) Industry
Based on application, the polycarbonate resins segment accounts for a significant share in the market and is anticipated to witness a healthy growth in the forecast period. Polycarbonate resins are used in a number of electrical devices, including housings, connectors, battery boxes, smartphones, and optical media, among others. The compound is a lightweight and high-performance resin, which has unique toughness, dimensional stability, optical clarity, high heat resistance, and high electrical resistance. Over the forecast period, the growing use of polycarbonate resins in industrial applications, such as machine parts and electronic components, owing to their lightweight and superior shock absorption qualities, is likely to augment the growth of the global bisphenol A industry. Meanwhile, the epoxy resins segment is anticipated to witness a substantial growth in the forecast period, owing to its rising application in the production of vehicles, snowboards, aircraft, and bicycles, among others.
The Asia Pacific Accounts for a Significant Share in the Market
The thriving end use sectors of bisphenol A in the region, including automotive and electrical and electronics, are likely to be a driving factor for the market. The product has witnessed a significant demand in the production of smartphones, owing to the rapid digitalisation, urbanisation, growing dependence of people on technology, and rising disposable incomes. Over the forecast period, the anticipated rise in demand for polycarbonate resins in the electrical and electronics industry, especially in countries like India, China, South Korea, and Japan, is likely to aid the market growth in the region.
Bisphenol A (BPA): Market Segmentation
Bisphenol A or BPA is defined as a synthetic organic compound that is produced in large quantities primarily for the production of polycarbonate plastics and epoxy resins. The compound belongs to the group of diphenylmethane derivatives and bisphenols, with two hydroxyphenyl groups. It is a colourless solid that is soluble in organic solvents.
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Based on application, the market is divided into:
- Polycarbonate Resins
- Epoxy Resins
- Unsaturated Polyester Resins
- Flame Retardants
- Others
The significant end uses of the product include:
- Appliances
- Automotive
- Construction Materials
- Electrical and Electronics
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Applications of the Product in the Automotive Industry to Bolster the Growth of the Bisphenol A (BPA) Industry
The global market for bisphenol A is driven by the rising demand for the product in the automotive industry. The polycarbonate resin, which is one of the most popular downstream products of bisphenol A, is used in the manufacturing of car’s headlights, rear windows, bumpers, or dashboards. Over the forecast period, the anticipated surge in demand for automobiles in emerging economies is likely to propel the global bisphenol A industry. In addition, the market is expected to be aided by the growing applications of bisphenol A in food and drink packaging, compact discs, impact-resistant safety equipment, and medical devices.
Key Industry Players in the Global Bisphenol A (BPA) Market
The report gives a detailed analysis of the following key players in the global bisphenol A (BPA) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- The Dow Chemical Company
- Teijin Co., Ltd.
- LG Chem
- SABIC
- Kumho P&B Chemicals. Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, End Use, Region |
| Breakup by Application | Polycarbonate Resins, Epoxy Resins, Unsaturated Polyester Resins, Flame Retardants, Others |
| Breakup by End Use | Appliances, Automotive, Construction Materials, Electrical and Electronics, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | The Dow Chemical Company, Teijin Co., Ltd., LG Chem, SABIC, Kumho P&B Chemicals. Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Bisphenol A (BPA) Market Analysis
8.1 Key Industry Highlights
8.2 Global Bisphenol A (BPA) Historical Market (2018-2022)
8.3 Global Bisphenol A (BPA) Market Forecast (2023-2028)
8.4 Global Bisphenol A (BPA) Market by Application
8.4.1 Polycarbonate Resins
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Epoxy Resins
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Unsaturated Polyester Resins
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Flame Retardants
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Bisphenol A (BPA) Market by End Use
8.5.1 Appliances
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Automotive
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Construction Materials
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Electrical and Electronics
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Bisphenol A (BPA) Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Feedstock Market Analysis
13.1 Global Acetone Market Analysis
13.1.1 Key Industry Highlights
13.1.2 Global Acetone Historical Market (2018-2022)
13.1.3 Global Acetone Market Forecast (2023-2028)
13.2 Global Phenol Market Analysis
13.2.1 Key Industry Highlights
13.2.2 Global Phenol Historical Market (2018-2022)
13.2.3 Global Phenol Market Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 The Dow Chemical Company
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Teijin Co., Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 LG Chem
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 SABIC
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Kumho P&B Chemicals. Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Bisphenol A (BPA) Market: Key Industry Highlights, 2018 and 2028
2. Global Bisphenol A (BPA) Historical Market: Breakup by Application (USD Billion), 2018-2022
3. Global Bisphenol A (BPA) Market Forecast: Breakup by Application (USD Billion), 2023-2028
4. Global Bisphenol A (BPA) Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Bisphenol A (BPA) Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Bisphenol A (BPA) Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Bisphenol A (BPA) Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Bisphenol A (BPA) Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Bisphenol A (BPA) Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Bisphenol A (BPA) Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Bisphenol A (BPA) Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Bisphenol A (BPA) Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Bisphenol A (BPA) Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Bisphenol A (BPA) Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Bisphenol A (BPA) Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Bisphenol A (BPA) Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Bisphenol A (BPA) Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Bisphenol A (BPA) Market Structure
Key Questions Answered in the Report
In 2020, the global bisphenol A (BPA) market attained a volume of nearly USD 10.92 billion.
The market is estimated to grow at a CAGR of 7.8% between 2023 and 2028.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the growing use of polycarbonate resins, rising application of BPA in various end-use industries, the rising demand for electronics and electrical appliances and automobiles, growing adoption of smartphones, rapid urbanisation in the emerging economies, growing dependence of people on technology, and rising disposable incomes.
The rising demand for the product in the automotive industry and the growing applications of bisphenol A in food and drink packaging, and medical devices are the key trends guiding the growth of the industry.
Polycarbonate resins, epoxy resins, unsaturated polyester resins, and flame retardants, among others are the major applications of the product.
Appliances, automotive, construction materials, electrical and electronics, among others are the different end-uses of the product.
The major players in the industry are The Dow Chemical Company, Teijin Co., Ltd., LG Chem, SABIC, and Kumho P&B Chemicals. Inc., among others.
Analyst Review
The global bisphenol A (BPA) market attained a value of USD 10.92 billion in 2020, driven by the rising application of BPA in various end-use industries. Aided by the growing adoption of smartphones and rapid urbanisation, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is divided into polycarbonate resins, epoxy resins, unsaturated polyester resins, and flame retardants, among others. On the basis of end-use, the market is divided into appliances, automotive, construction materials,electrical and electronics, among others. The major regional markets for bisphenol A (BPA) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include The Dow Chemical Company, Teijin Co., Ltd., LG Chem, SABIC, and Kumho P&B Chemicals. Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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