Bisphenol A (BPA) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Bisphenol A (BPA) Market is segmented by Application (Polycarbonate Resins, Epoxy Resins, Unsaturated Polyester Resins, Flame Retardants, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Bisphenol A Market  Bar Graph
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %
Bisphenol A Market Key Players

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Market Overview

The bisphenol A (BPA) market is projected to register a CAGR of over 5% during the forecast period (2021-2026). The major applications of bisphenol A are polycarbonate and epoxy resins which are used in paints and coatings, adhesives, electrical and electronics, packaging, and other industries.

COVID-19 pandemic has affected the sales of paints and coatings, as the construction activities were halted. India’s second-largest paint company, Berger Paints, reported approximately a 6.5 percent fall in its consolidated net profit to INR 1,032 million for the fourth quarter ended March 31st, 2020. Additionally, the production in various chemical and other industries such as resins, adhesives, flame retardants, etc., has decreased, and the supply of raw materials to the industries has been disrupted. Owing to all these factors, the bisphenol A market was negatively impacted by COVID-19 in 2020.

  • In the medium term, increasing demand for polycarbonate and epoxy resins in various end-user industries, such as paints and coatings, adhesives, electrical and electronics, packaging, and other end-user industries, is the major factor driving the bisphenol A (BPA) market.
  • On the flip side, the ban on BPA in food contact materials in the United States and Europe and rising concerns over health hazards posed by BPA are expected to be the major restraints, thus, hindering the market growth.
  • The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Scope of the Report

Bisphenol A (BPA), a colorless crystalline solid belonging to the family of organic compounds, is used primarily as a strengthener in polycarbonate plastics and epoxy resins. 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 (BPA) Market in 17 countries across major regions. For each segment, the market sizing and forecast have been done on the basis of volume (kiloton) and revenue (USD million).

Application
Polycarbonate Resins
Epoxy Resins
Unsaturated Polyester Resins
Flame Retardants
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand for Polycarbonate Resins

  • Among all other applications, polycarbonate resins application provides the major market demand for BPA, with more than 70% of the global share.
  • Polycarbonates are high-performing thermoplastic that is widely used in building and construction applications. Polycarbonate sheets are used as a substitute for glass in a variety of skylight and window applications. They are also used as opaque cladding panels, barrel vaults, canopies, translucent walls, facades and signage, sports stadium roofs, louvers, and roof domes.
  • The application of polycarbonate materials has highly increased in greenhouses in recent years. In Europe, countries such as Germany, the Netherlands, Spain, and France, have larger areas for greenhouse cultivation.
  • Due to their advantages over other conventional materials (which include glass and other plastics), the increasing popularity of polycarbonates is set to drive the polycarbonate market during the forecast period.
  • Additionally, in the automotive industry, polycarbonates allow for energy absorption, weight reduction, shock absorption for bumpers, restriction of explosion risks in fuel tanks, seat belts, airbags, door and seat assemblies, subsystems, bumpers, under-bonnet components, exterior trim, and various other applications. Currently, to manufacture a typical four-wheel vehicle, 10 kg of polycarbonate is used in various forms.
  • According to OICA, automobile production declined by 5.2% in 2019 compared to 2018 and by 23% in the first nine months of 2020 compared to the same period in 2019.
  • All the aforementioned factors are expected to show a significant impact on the market growth during the forecast period.
Bisphenol A Market Share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market and also likely to register the highest CAGR during the forecast period.
  • China is one of the major countries in Asia-Pacific with ample construction activities, with the industrial and construction sectors accounting for approximately ~50% of the GDP.
  • China is promoting and undergoing a process of continuous urbanization, with a target of 60% in 2020. The increased living spaces required in the urban areas resulting from urbanization and the desire of middle-class urban residents to improve their living conditions may profoundly affect the housing market and thereby increase the residential construction in the country.
  • The construction industry in India is expected to slow down in the 2020-2021 financial year due to COVID-19, but the lion share of projects in commercial space is likely to continue even during this period, as they are either in public, private partnership (like a smart city) or public projects, which are already budgeted. But in the long run, the sector is expected to grow with a high growth rate.
  • In the residential segment, the government is pushing huge projects in the next few years. The government’s ‘Housing for All’ initiative aims to build more than 20 million affordable homes for the urban poor by 2022. This will provide a significant boost to residential construction, which will account for more than a third of the industry’s total value by 2023.
  • According to OICA, the total number of automobiles produced in the year 2019 by countries China and India are 25.72 million units and 4.51 million units. However, they declined by around 6.6% and 38.4%, respectively, in the first nine months of 2020 compared to the same period in 2019.
  • Owing to the aforementioned factors, the Asia-Pacific region is expected to show slow growth over the forecast period.
Bisphenol A Market Growth  By Region

Competitive Landscape

The bisphenol A (BPA) market is consolidated, with the top five companies accounting for most of the global production capacity. The major players include Covestro AG, Mitsubishi Chemical Corporation, Mitsui Chemical Inc., SABIC, and LG Chem, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Strong Demand for Polycarbonate Plastics

      2. 4.1.2 Rising Demand for Epoxy Resins from Various End-user Industries

    2. 4.2 Restraints

      1. 4.2.1 Ban on BPA in Food Contact Materials in the United States and Europe

      2. 4.2.2 Rising Concerns over Health Hazards Posed by BPA

      3. 4.2.3 Impact of the COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Feedstock Analysis

    6. 4.6 Technological Snapshot

    7. 4.7 Trade Analysis

    8. 4.8 Price Analysis

    9. 4.9 Regulatory Policy Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Polycarbonate Resins

      2. 5.1.2 Epoxy Resins

      3. 5.1.3 Unsaturated Polyester Resins

      4. 5.1.4 Flame Retardants

      5. 5.1.5 Other Applications

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 ASEAN Countries

        6. 5.2.1.6 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 Italy

        4. 5.2.3.4 France

        5. 5.2.3.5 Spain

        6. 5.2.3.6 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Altivia

      2. 6.4.2 China National BlueStar (Group) Co. Ltd

      3. 6.4.3 Covestro AG

      4. 6.4.4 DuPont

      5. 6.4.5 NAN YA PLASTICS CORPORATION

      6. 6.4.6 Hexion

      7. 6.4.7 KUMHO P&B CHEMICALS. INC.

      8. 6.4.8 LG Chem

      9. 6.4.9 Mitsubishi Chemical Corporation

      10. 6.4.10 Mitsui Chemical Inc.

      11. 6.4.11 SABIC

      12. 6.4.12 SAMYANG HOLDINGS CORPORATION

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Untapped Market of BPA in Rotor-blade Composites

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Bisphenol A (BPA) Market market is studied from 2016 - 2026.

The Bisphenol A (BPA) Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Mitsui Chemical Inc., Covestro AG, LG Chem, SABIC, Mitsubishi Chemical Corporation are the major companies operating in Bisphenol A (BPA) Market.

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