Global Bisphenol-A Market 2016-2020

Overview of the global bisphenol-A market

Market research analysts at Technavio have predicted that the global bisphenol-A market will grow steadily at a CAGR of almost 6% by 2020. The application of bisphenol-A in the production of epoxy resins has been prevailing for decades, and this is expected increase significantly in the next four years. Owing to their properties such as resistance to chemicals and strong adhesion along with toughness, epoxy resins have found considerable significance in the production of several daily-use products. Metal containers have epoxy linings as a protective layer, and the automotive industry uses epoxy resin components in the production of cars and boats. The estimated growth of these industries will fuel the demand for epoxy resins, which in turn, will propel the growth of the bisphenol-A market. Moreover, the growth of the construction industry that uses epoxy resins in paints and coatings will also aid in the growth of this market.

The recent years have seen an increase in the number of industrial applications of bisphenol-A products. Automotive manufacturers have started replacing glasses with polycarbonate plastics made from bisphenol-A as it helps in reducing the overall weight of the automobile and also helps in improving safety features. Epoxy resins made from bisphenol-A have found considerable significance in the production of wind turbine blades which makes them stronger and lighter. The demand from these markets in the coming years will increase the production of bisphenol-A. This will lead to the broadening of the spectrum of product applications of this compound and is considered to be one of the major factors that will have a positive impact on the growth of this market.

Competitive landscape and key vendors

The recent entry of several small players in the market has changed the entire market dynamics, and the current global bisphenol-A market appears highly fragmented. Though large well-established players account for a considerable share of the market, vendor competition is fierce. Large vendors have extensive production facilities and upstream and downstream plastic production capabilities whereas small regional vendors have the geographical advantage of proximity to the markets. This market analysis also predicts that the market will witness a number of joint ventures and collaborations which will lead to market consolidation in the coming years.

The leading vendors in the market are -

• Convestro
• The Dow Chemical Company
• LG Chem
• Mitsui Chemical

The other prominent vendors in the market are Kumho P&B Chemicals, Vinmar International, Formosa Plastics, and Samyang Innochem.

Segmentation by application and analysis of the bisphenol-A market

• Epoxy resins
• Polycarbonate plastics

The polycarbonate plastics segment accounted for almost 67% of the total market share and dominated the bisphenol-A market during 2015. The anticipated increase in the use of bisphenol-A in manufacturing polycarbonates plastics will propel the growth of this market segment in the next four years. Though the introduction of few substitutes is expected to slow the segment’s growth, this market segment will continue to dominate the industry throughout the predicted period.

Geographical segmentation and analysis of the bisphenol-A market

• Americas
• APAC
• EMEA

Bisphenol-A market has registered higher production volumes in APAC than other regions in the recent years, and this is expected to continue in the coming years as well. This regional market has great potential for growth and is expected to sustain a higher growth rate than the other regions. This market study estimates that APAC will account for about 67% of the total share of the global bisphenol-A market by 2020 and dominate this market throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the bisphenol-A market?
• What are the key market trends impacting the growth of the bisphenol-A market?
• What are the challenges to market growth?
• Who are the key vendors in the bisphenol-A market?
• What are the market opportunities and threats faced by the vendors in the bisphenol-A market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the bisphenol-A market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

•  Global Recycled Plastics Market 2016-2020
•  Global Baby Bottle Market – Market Research 2015-2019