Market Size of Bisphenol A (BPA) Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 7.96 Million tons |
| Market Volume (2029) | 10.76 Million tons |
| CAGR (2024 - 2029) | 6.23 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
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*Disclaimer: Major Players sorted in no particular order |
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Bisphenol-A Market Analysis
The Bisphenol A Market size is estimated at 7.96 Million tons in 2024, and is expected to reach 10.76 Million tons by 2029, growing at a CAGR of 6.23% during the forecast period (2024-2029).
The COVID-19 pandemic has affected the sales of paints and coatings, plastic products, and other bisphenol A-based products, as construction activities were halted. Therefore, the market was negatively impacted in 2020. However, the industry witnessed a steady recovery in 2021 and the production is similar to the pre-COVID-19 period.
- In the medium term, strong demand for polycarbonate and rising demand for epoxy resins from various end-user industries, are likely to drive the market's growth.
- However, environmental concerns and regulations on the usage of BPA are expected to majorly restrain the market's growth.
- Nevertheless, the rising investments and applications of bisphenol A (BPA) likely to create lucrative growth opportunities for the global market soon.
- The Asia-Pacific region is expected to dominate the market and register the highest CAGR during the forecast period.
