H1 2023: The leading Bisphenol A producers in H1 2023 were Bayer AG, Kumho P&B Chemicals Inc, and LG Chem. In April 2023, INEOS Phenol, one of the top chemical producers of the globe, acquired Mitsui Phenols Singapore Ltd. by paying USD 330 million. The contract covers the whole capital base from Mitsui Phenols situated in Singapore, adding more than 1 million tonnes of capacity each year. The company has a $750 million annual revenue. The acquisition includes bisphenol A of 150 thousand tonnes per annum along with other chemicals like cumene, acetone, alpha-methylstyrene, and phenol. During the first three months of 2023, the price of bisphenol A in the Asia Pacific area displayed conflicting sentiments. Due to moderate cost pressure from the feedstock phenol, fundamentally poor demand, and abundant product supply in the area, Bisphenol A prices initially fell. After the Lunar New Year, prices started to rise as market players restocked the supply of goods on the home market. Additionally, the cost of producing Bisphenol A in the Asian market increased due to rising feedstock prices for acetone and phenol. Despite this, the regional market's demand from downstream consumers of Polycarbonate and epoxy resin remained weak. Due to weak demand and large stocks, the price of bisphenol A continued to give off a pessimistic signal from March 2023 to the last month of H1 2023.
H1 2022: During H1 2022, the total production of Bisphenol A reached roughly 2700 thousand tonnes. The key players were Bayer AG, Kumho P&B Chemicals Inc, and LG Chem. However, Bayer AG gained the highest rank in terms of producing Bisphenol A. Regionally, Asia Pacific held the position of the biggest consumer of Bisphenol A during H1 2022. However, Bisphenol A displayed a mixed picture in Asia Pacific region. Prices fell in January 2022 and February 2022 due to weak demand in the region’s market and high inventories in the downstream industry. Prices then surged across Asia in March 2022, due limited supplies of the Bisphenol A from Taiwan. In addition, due to the increased construction activity in the Asian nations, the increased demand from the downstream products like polycarbonates, epoxy resins, etc., was observed which impacted the bisphenol A market. Weak purchasing sentiment in the Indian domestic market weighed down the bisphenol A price during the period of May 2022- June 2022. Furthermore, the demand for bisphenol A from plastics manufacturers fell in June 2022 affecting the demand for Bisphenol A. The prices also had an effect due to the impact of upstream crude and raw material prices. In addition, import cargo prices fell, further reduced the price of bisphenol A in Asia Pacific region in June 2022.
H2 2022: During H2 2022, the total production of Bisphenol A had reached nearly 2800 thousand tonnes across the globe, which was slightly higher than H1 2022. Asia Pacific market consistently fluctuated in terms of Bisphenol A prices during H2 2022. In July 2022, product prices fell as bulk acetone raw material inventory was available at discounted prices in the region. In August 2022, there was change in price dynamics in China and Japan as major producers in China and Japan cut operating rates following government orders with the underlying cause as an intense summer heat. Furthermore, Bisphenol A prices in the Chinese market fell drastically in Autumn of 2022. Market purchasing rate was sluggish due to the low volume of orders. Furthermore, inventories are high, and supply trends were observed to be stable for downstream companies that had sufficient material available in the market. Although, the demand for polycarbonate resins and epoxy resins remained on the lower end, leading to mild sales despite limited new orders from customers. In the Middle East, Bisphenol A prices fell during the terminal months of 2022 due to continuous weak demand trends and steady inflows of imports from South Asian and East Asian countries. The consumption of polycarbonate resins was stagnant with flat consumption rates of Bisphenol A. However, global market freight rates fell sharply during the last 3 months of 2022 as global supply chains got normalized.
The global Bisphenol A market stood around 5600 thousand tonnes in 2022 and is expected to grow at a CAGR of 3.51% in the forecast period until 2032.
Bisphenol A is a colorless solid which is miscible in organic solvents while soluble in water. One may encounter BPA in everyday products like CDs, plastic bowl, helmets, mobile phone etc. BPA is produced by condensation of phenol and acetone in 2:1 ratio. BPA is an additive which not only lead to production of Polycarbonate resin & epoxy resin but also PVC & for the coating of thermal paper. It is used as an additive in brake fluid and in dental filling and sealing materials. Used in inner coating of canes. BPA derivates have vast applications and can be detected in aluminum bottles, beverages cans etc.
Bisphenol (BPA) is a key ingredient in the manufacturing of polycarbonate and epoxy resin. Polycarbonate resin has properties like flame retardant, electrical and heat resistance. Polycarbonate resin is used in fabrication of various electronic components (water boilers, coffee machines, and computer parts), safety glass, optical storage media along with electrical and telecommunication hardware owing to superior resistance properties. Similarly, Epoxy resins have diversified application in the manufacturing of flooring, inner coatings of canes, paints, coatings, adhesives etc. Epoxy resins are highly durable and tough and finds in various applications such as floor coating, concrete floor coating, since the epoxy resins last long and display resistance to chemical detergents.
Since Bisphenol A is employed as a solvent in polyester, polycarbonate, epoxy resins, and polyurethanes, which are extensively used in automotive, marine, and protective coatings, there is a growing need for the chemical as a solvent. The market for polycarbonates is expected to rise, and the automotive industry is expected to expand significantly. Owing to these reasons, the Bisphenol A demand is estimated to reach 8000 thousand tonnes by the forecast period till 2032.
Based on region-wise consumption, the Asia Pacific is leading the global Bisphenol A market, followed by Europe and North America. In 2022 Asia Pacific consumed approximately 55% of the market. Furthermore, Asia Pacific region also dominates the Bisphenol A market in terms of production and accounted for roughly 35% of global capacity as of 2022.
Based on the end-user industry, the global Bisphenol A market is bifurcated into Polycarbonate resins, Epoxy Resins, Unsaturated Polyester resins, Flame Retardants, and Others. Among these industries, Polycarbonate resins industry is the major consumer and accounted for nearly half of the Bisphenol A market in 2022. Polycarbonate resins is anticipated to maintain its position in the forecast period. Epoxy Resins is another prominent consumer of Bisphenol A market.
Major players in the production of Global Bisphenol A market are Bayer AG, Kumho P&B Chemicals Inc, LG Chem, SABIC, Sinopec, Dow Chemicals, GE Plastics, Changchun Chemical Co.Ltd, Shell Chemicals, Saudi Kayan Petrochemical Company, Momentive Speciallity Chemicals, PTT Phenol Company Limited, and Nayna Plastics Corporation.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Bisphenol A which covers production, demand and supply of Bisphenol A market in the globe.
• To analyse and forecast the market size of Bisphenol A
• To classify and forecast Global Bisphenol A market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Bisphenol A market in the globe.
To extract data for Global Bisphenol A market, primary research surveys were conducted with Bisphenol A manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Bisphenol A market over the coming years.
ChemAnalyst calculated Bisphenol A demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical supply and demand of Bisphenol A across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Bisphenol A manufacturers and other stakeholders
• Organizations, forums and alliances related to Bisphenol A distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Bisphenol A manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Bisphenol A s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
5600 thousand tonnes
Market size Volume by 2032
8000 thousand tonnes
Growth Rate
CAGR of 3.51% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process, Policy and Regulatory Landscape.
Segments covered
By End-Use: (Polycarbonate resins, Epoxy Resins, Unsaturated Polyester resins, Flame Retardants, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What is the expected global market size of Bisphenol A in terms of volume for 2032?
Ans:
The global market size of Bisphenol A is expected to reach approximately 8000 thousand tonnes by 2032.
Q2.
What are the major end-use industries of Bisphenol A?
Ans:
Bisphenol A is used in a wide range of end use industries including Polycarbonate resins, Epoxy Resins, Unsaturated Polyester resins, Flame Retardants, and Others.
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