The global bisphenol A market size is anticipated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rapid growth of the construction industry.
Bisphonal A (BPA) is an industrial chemical that is used in making certain plastics and resins. It is found in polycarbonate plastics and epoxy resins. BPA is a colorless crystalline solid that is soluble with organic chemical compound but poorly soluble in water. It is harmful as a concern of possible negative impact to organs. BPA applications include electronics, construction materials, automotive, and date centers. It provides protective coating to the product.
The report on the global bisphenol A market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Bisphenol A Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Applications (Polycarbonate Resins, Epoxy Resins, Unsaturated Polyester Resins, Flame Retardants, and Other Applications) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Covestro AG; Mitsubishi Chemical Corporation; Mitsui Chemical Inc.; SABIC; and LG Chem |
Based on applications, the market is segregated into polycarbonate resins, epoxy resins, unsaturated polyester resins, flame retardants, and other applications. The epoxy resins segment is expected to grow at a rapid pace during the forecast period due to increasing demand for water-theme parks. However, the polycarbonate resins segment is anticipated to hold a key share of the market in the coming years owing to their lightweight high performance resin characteristic. This increases their deployment in electronic components such as shock absorber and UV protection.
In terms of regions, the bisphonel A market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period due to rising use of mosaic tiles that uses epoxy resins. The COVID-19 outbreak led to the halt in the construction activities, which in turn, disrupted the sales of paints & coatings. However, relaxation on restrictions is anticipated to help the market recover soon. On the other hand, the market in North America is anticipated to expand at a rapid pace during the forecast period owing to the rising support of government bodies on infrastructure developments.
Key players competing in the bisphenol A market are Covestro AG; Mitsubishi Chemical Corporation; Mitsui Chemical Inc.; SABIC; and LG Chem.
In August 2021, Mitsubishi Chemical Corporation announced the investment of USD 915 Million to construct a resins plant to ramp up the production process.
In July 2021, Saudi Basic Industries Corporation (SABIC) launched sustainable polycarbonate film and sheet products. The new bio-based LEXAN film is manufactured from polycarbonate resins, which helps in lessening the carbon footprint.
Key players competing in the bisphenol A market are Covestro AG; Mitsubishi Chemical Corporation; Mitsui Chemical Inc.; SABIC; and LG Chem.
In August 2021, Mitsubishi Chemical Corporation announced the investment of USD 915 Million to construct a resins plant to ramp up the production process.
In July 2021, Saudi Basic Industries Corporation (SABIC) launched sustainable polycarbonate film and sheet products. The new bio-based LEXAN film is manufactured from polycarbonate resins, which helps in lessening the carbon footprint.
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