Market Size of Bisphenol A (BPA) Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 8.18 Million tons |
| Market Volume (2029) | 11.23 Million tons |
| CAGR (2024 - 2029) | 6.56 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Bisphenol-A Market Analysis
The Bisphenol A Market size is estimated at 8.18 Million tons in 2024, and is expected to reach 11.23 Million tons by 2029, growing at a CAGR of 6.56% during the forecast period (2024-2029).
- In the medium term, soaring demand from the polycarbonate sector and increasing demand for epoxy resin production are likely to drive the demand for Bisphenol-A.
- However, increasing regulations in the food and beverage industry on the use of Bisphenol-A pose major restraints to the growth of the market studied.
- On the other hand, potential market demand for bio-based Bisphenol-A is likely to create lucrative market opportunities in the coming years.
- Asia-Pacific is expected to dominate the market and is anticipated to witness the highest CAGR during the forecast period.
Bisphenol-A Industry Segmentation
Bisphenol-A (BPA) is a colorless crystalline solid belonging to the organic compound family. It is used primarily as a strengthener in polycarbonate plastics and epoxy resins. BPA is produced industrially by the condensation reaction of phenol and acetone, and it is known for its use in making various consumer goods such as water bottles, sports equipment, CDs, and DVDs.
The Bisphenol-A (BPA) market is segmented by application and geography. By application, the market is segmented into polycarbonate resins, epoxy resins, unsaturated polyester resins, flame retardants, and other applications. The report also covers the market size and forecast for the bisphenol A market in 16 countries across major regions. For each segment, the market sizing and forecast were done based on volume (tons).
| By Application | |
| Polycarbonate Resins | |
| Epoxy Resins | |
| Unsaturated Polyester Resins | |
| Flame Retardants | |
| Other Applications |
| By Geography | ||||||||
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Bisphenol A (BPA) Market Size Summary
The Bisphenol-A (BPA) market is poised for significant growth over the forecast period, driven primarily by the increasing demand from the polycarbonate sector and the epoxy resin production industry. BPA is integral to enhancing the properties of polycarbonate resins, which are known for their strength, durability, and high glass transition temperature, making them suitable for a wide range of applications, including safety glasses, medical devices, and construction materials. Despite the robust demand, the market faces challenges due to stringent regulations in the food and beverage industry regarding BPA usage. However, the emerging interest in bio-based BPA presents promising opportunities for market expansion. The Asia-Pacific region is expected to lead the market, benefiting from its status as the largest manufacturer and consumer of BPA, with significant investments in new production facilities, particularly in China and India.
The Asia-Pacific region's dominance in the BPA market is further reinforced by its expanding use in industries such as automotive, electronics, and construction. The region has seen a surge in investments to establish new BPA production facilities, driven by economic and industrial factors. Notably, China has been a focal point for these developments, with companies like Nan Ya Plastics and SABIC expanding their production capabilities. However, the region also faces challenges, such as the closure of BPA manufacturing plants in Japan due to oversupply and low profitability. The market is characterized by a partial consolidation, with key players like Covestro AG, SABIC, and Mitsui Chemical Inc. actively participating in the market. Recent initiatives, such as the launch of biomass-derived BPA products by Teijin Limited, highlight the industry's shift towards sustainability and carbon neutrality.
Bisphenol A (BPA) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Soaring Demand from Polycarbonate Sector
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1.1.2 Increasing Demand from Epoxy Resin Production
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1.2 Restraints
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1.2.1 Increasing Regulations in the Food and Beverage Industry
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Feedstock Analysis
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1.6 Technological Snapshot
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1.7 Trade Overview
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1.8 Price Overview
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1.9 Regulatory Policy Analysis
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 By Application
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2.1.1 Polycarbonate Resins
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2.1.2 Epoxy Resins
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2.1.3 Unsaturated Polyester Resins
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2.1.4 Flame Retardants
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2.1.5 Other Applications
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2.2 By Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 ASEAN Countries
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2.2.1.6 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Italy
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2.2.3.4 France
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2.2.3.5 Spain
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2.2.3.6 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle East and Africa
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Bisphenol A (BPA) Market Size FAQs
How big is the Bisphenol A Market?
The Bisphenol A Market size is expected to reach 8.18 million tons in 2024 and grow at a CAGR of 6.56% to reach 11.23 million tons by 2029.
What is the current Bisphenol A Market size?
In 2024, the Bisphenol A Market size is expected to reach 8.18 million tons.
