Global Bisphenol-A Market to Reach USD 32,342.49 Million by 2031 | CAGR of 4.1%
Category : Materials And Chemicals | Published Date : Nov 2024 | Type : Press Release
Bisphenol-A Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Bisphenol-A Market size was valued at USD 22,695.49 Million in 2022 and is projected to reach USD 32,342.49 Million by 2031, growing at a CAGR of 4.1% from 2023 to 2031. Bisphenol-A (BPA) is an industrial chemical widely used in the production of polycarbonate plastics and epoxy resins, which are integral to a wide range of applications such as consumer goods, electronics, and construction materials due to their strength, durability, and transparency.
The report comprises the Bisphenol-A Market Share, Size & Industry Analysis, By Application (Polycarbonate Resin, Epoxy Resin, Vinyl Ester Resin, Flame Retardants, Unsaturated Polyester Resin, Others), By End-Use Industry (Paints and Coatings, Adhesives, Electronics and Electricals, Packaging, Construction, Others), By Distribution Channel (Direct and Indirect), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2031.
The report contains detailed information on Bisphenol-A Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing demand for polycarbonate and epoxy resins is driving the market growth, while toxicity and stringent regulations regarding BPA use are posing challenges.
Segmental Analysis :
By application, the market is segmented into polycarbonate resin, epoxy resin, vinyl ester resin, flame retardants, unsaturated polyester resin, and others.
- Polycarbonate resin accounted for the largest market share of 35.22% in 2022 and is projected to grow at the fastest CAGR. This growth is driven by its high strength, transparency, and wide application in automotive parts, medical devices, and electronics.
- Epoxy resin is expected to witness significant growth, driven by increasing demand for coatings and adhesives in construction and industrial applications.
By end-use industry, the market is segmented into paints and coatings, adhesives, electronics and electrical, packaging, construction, and others.
- Packaging held the largest market share in 2022, driven by the extensive use of polycarbonate and epoxy resins in food and beverage containers, as well as protective coatings in metal cans.
- Construction is expected to grow at the fastest rate, driven by the growing demand for sustainable and durable building materials.
By distribution channel, the market is segmented into direct and indirect.
- Indirect distribution accounted for the largest share in 2022, driven by the reliance of small and medium-sized enterprises on distributors to reach target markets across various regions.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific held the largest share in 2022, valued at USD 11,915.13 Million, with China dominating the region's market due to high demand in the electronics, construction, and automotive industries.
- Europe is expected to grow at the fastest CAGR during the forecast period, driven by growing regulations for sustainable construction materials and advanced manufacturing processes.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2031 | USD 32,342.49 Million |
| CAGR (2023-2031) | 4.1% |
| By Application | Polycarbonate Resin, Epoxy Resin, Vinyl Ester Resin, Flame Retardants, Unsaturated Polyester Resin, Others |
| By End-Use Industry | Paints and Coatings, Adhesives, Electronics and Electricals, Packaging, Construction, Others |
| By Distribution Channel | Direct, Indirect |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The bisphenol-A market is competitive, with major players focusing on product innovation, partnerships, and geographical expansion.
List of prominent players in the Blood and Organ Bank Industry:
- BASF SE
- KUMHO P&B CHEMICALS., INC
- LG Chem
- NAN YA PLASTICS CORPORATION
- Hex ion
- Mitsubishi Chemical Corporation
- Convector AG
- Glen ham Life Sciences `
Recent Industry Developments :
- In April 2023, LG Chem announced a USD 100 million expansion plan for its polycarbonate production facilities, aiming to meet growing global demand.
- In July 2023, BASF SE partnered with Mitsubishi Chemical Corporation to develop BPA-free alternatives, enhancing product offerings in line with stricter environmental regulations.
