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The Bisphenol-A (BPA) Market size is forecast to increase by USD 8.46 billion, growing at a CAGR of 6.32% between 2023 and 2028. One of the key factors driving the bisphenol-A market growth is the significant growth in the consumer electronics industry. Technological advances, including the Internet of Things (IoT) and cloud-based storage, have significantly increased the consumption of consumer electronic products, expanding the Total Addressable Market (TAM) for bisphenol-A. Therefore, the adoption of multimedia devices and electronic gadgets has increased, leading to higher demand for bisphenol-A.
Moreover, the demand for common consumer electronic products, such as audio and video systems, electronic accessories, multimedia players, digital cameras, camcorders, refrigerators, and washing machines, is increasing, contributing to the rising Metric tons of bisphenol-A used. In addition, Bisphenol-A has historically been utilized in the production of consumer electronics, particularly in the manufacturing of certain plastics and resins, which are integral to various electronic applications. Hence, such factors are positively impacting the market, driving market growth and trends during the forecast period.
The polycarbonate resins segment is estimated to witness significant growth during the forecast period. Bisphenol-A is widely used in the manufacturing of polycarbonate, a versatile and transparent plastic with numerous applications. In addition, one significant application of polycarbonate is in the manufacturing of plastic bottles and containers. Furthermore, due to its clarity, durability, and lightweight nature, polycarbonate is favored for packaging a variety of beverages and food products.
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The polycarbonate resins segment was the largest segment and was valued at USD 5.82 billion in 2017Moreover, this application offers consumers a convenient and shatter-resistant alternative to traditional glass containers. In addition, another key use of polycarbonate is in the production of eyewear lenses. For instance, the optical clarity and impact resistance of polycarbonate make it a suitable material for eyeglasses and sunglasses. Furthermore, its lightweight nature enhances wearer comfort, while its robustness provides increased safety and protection. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the end-user, the market has been segmented into electronics, automotive, paints and coatings, medical, and packaging. The electronics segment will account for the largest share of this segment. The rising use of bisphenol-A in electronics is significantly contributing to the growth of the global market. In addition, Bisphenol-A is a key ingredient in the production of polycarbonate, a versatile and widely used plastic known for its clarity, toughness, and heat resistance. In the electronics and marine industry, polycarbonate is commonly utilized for manufacturing various components such as electronic housings, connectors, and optical discs. Furthermore, the demand for electronic devices, including smartphones, laptops, and other consumer electronics, has been steadily rising globally. Hence, factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
APAC is estimated to contribute 54% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and analysis and drivers that shape the market during the forecast period.
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The demand for the market in APAC is fuelled by the growth in the commercial and residential construction sector and the rising investments in infrastructure development in the region, which in turn increase the demand for adhesives, sealants, electronic products, paints and coatings, and others. In addition, economic growth in developing countries such as India and China and rising foreign investments have led to a rise in per capita income in APAC. Moreover, steady economic expansion in developing countries has increased the purchasing power of consumers, which, in turn, has increased the consumer capacity to purchase cars. Furthermore, many automotive manufacturing companies are shifting their manufacturing bases to APAC, owing to the easy availability of low-cost labor. Hence, such factors are driving the market growth in APAC during the forecast period.
The Market is experiencing significant growth driven by the expansion in the consumer electronics industry, where bisphenol-A (BPA) is widely used in the production of polycarbonate plastics for various applications such as shatterproof windows, eyewear, and water bottles. A notable trend in this market is the increasing use of bisphenol-A as a color developer in thermal paper, further expanding its total addressable market. However, a significant challenge facing the industry is the environmental concerns surrounding bisphenol-A, particularly its impact on ecosystems and human health.
Despite its versatility in applications such as epoxy resins and metal food cans, there is growing pressure to find alternatives due to these concerns. Additionally, bisphenol-A is a key component in the production of polyurethanes and is involved in the synthesis of carbonyl chloride, a precursor for various industrial chemicals like brake fluid. As the industry navigates environmental regulations and consumer demands for safer products, addressing these challenges will be crucial for the sustainable growth of the market.
One of the key factors propelling market growth is the significant expansion in the consumer electronics industry. Technological advancements like the Internet of Things (IoT) and cloud-based storage have notably surged consumer electronic product consumption. Consequently, there's a heightened adoption of multimedia devices, electronic gadgets, and gadgets. Moreover, bisphenol-A's utilization in the production of certain plastics and resins for consumer electronics, like dental fillings and electrical resistance components, also contributes to its market growth. This aligns with the demand surge in the consumer electronics sector driven by technological innovations.
Moreover, the demand for common consumer electronic products, such as audio and video systems, electronic accessories, multimedia players, digital cameras, camcorders, refrigerators, and washing machines, is increasing. In addition, Bisphenol-A has historically been utilized in the production of consumer electronics, particularly in the manufacturing of certain plastics and resins. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
A key factor shaping the bisphenol-A market growth is the increasing use of bisphenol-A as a color developer in thermal paper. Thermal paper is widely employed in applications including receipts, labels, and tickets, where the color development process is crucial for creating visible and durable prints. In addition, Bisphenol-A, with its unique chemical properties, is well-suited for this purpose, serving as a key component in the thermal paper manufacturing process.
Moreover, in thermal paper, bisphenol-A reacts with other chemicals, particularly colorless dye precursors, to generate a dark print that becomes visible when exposed to heat. In addition, this thermal reaction is the basis for creating high-quality and long-lasting prints in various applications. Furthermore, the efficiency and reliability of bisphenol-A in facilitating this color development process contribute significantly to its continued use in the production of thermal paper. Hence, such factors are driving the market growth during the forecast period.
Environmental concerns regarding bisphenol-A are one of the key challenges hindering the bisphenol-A market growth. Bisphenol-A, widely used in the manufacturing of polycarbonate plastics and epoxy resins, has been found to persist in the environment, raising alarms about its potential impact on ecosystems and human health. In addition, studies have indicated that bisphenol-A can leach into soil, water, and air, leading to its presence in various environmental compartments.
Moreover, this persistence raises concerns about bioaccumulation and the potential for adverse effects on wildlife and aquatic ecosystems. therefore, regulatory bodies are increasingly scrutinizing bisphenol-A and implementing measures to mitigate its environmental impact. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.
Bayer AG: The company offers Bisphenol A used in plastic bottles, cans, and food packaging materials.
The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
CATO, Chang Chun Group, Covestro AG, DHALOP CHEMICALS, Dow Chemical Co., HELM AG, Hexion Inc., Kumho Petrochemical Co. Ltd., Leo Chemo Plast Pvt. Ltd., LG Chem Ltd., Merck KGaA, MERU CHEM PVT. LTD., Mitsubishi Chemical Group Corp., Mitsui Chemicals Inc., Nan Ya Plastic Corp., Nippon Steel Corp., PTT Global Chemical Public Co. Ltd., Samyang Corp., Saudi Basic Industries Corp., and Solvay SA
Qualitative and quantitative market growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. In the market research report, data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a wide array of applications across various industries, from shatterproof windows to water bottles, metal food cans, and bottle tops. This versatile chemical compound is integral in the production of water supply pipes, food containers, baby bottles, and reusable water bottles, ensuring the safety and durability of everyday items.
Industries such as the automotive, telecommunications, and medical technology sectors rely on bisphenol-A for components in home appliances, medical equipment, and building materials. Its role extends to composite rotor blades for wind turbines, flame-retardant polymer composites, and medical devices like hemodialyzers and incubators.
Moreover, bisphenol-A contributes to energy absorption, weight reduction, and shock absorption in various products, including forklift wheels, roller coaster wheels, and couplings. Its usage spans across plastic products, construction activities, and end-user industries due to its unique properties.
As the market continues to grow, stakeholders, including manufacturers, government bodies, and regulating authorities, play a crucial role in shaping industry trends and ensuring product lifecycles align with carbon neutrality goals. With insights from market analysis and reports, informed investment decisions and policy frameworks drive the future trajectory of the global market.
The report forecasts market growth and forecasting by revenue at global, regional & country levels and provides market research and growth analysis of the latest trends and growth opportunities from 2018 to 2028.
Bisphenol-A Market Scope |
|
Report Coverage |
Details |
Page number |
192 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.32% |
Market Growth 2024-2028 |
USD 8.46 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.32 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 54% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Bayer AG, CATO, Chang Chun Group, Covestro AG, DHALOP CHEMICALS, Dow Chemical Co., HELM AG, Hexion Inc., Kumho Petrochemical Co. Ltd., Leo Chemo Plast Pvt. Ltd., LG Chem Ltd., Merck KGaA, MERU CHEM PVT. LTD., Mitsubishi Chemical Group Corp., Mitsui Chemicals Inc., Nan Ya Plastic Corp., Nippon Steel Corp., PTT Global Chemical Public Co. Ltd., Samyang Corp., Saudi Basic Industries Corp., and Solvay SA |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
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