H1 2023: In H1 2023, prices of Bisphenol S fluctuated in the Asia Pacific region. In the first quarter of 2023, Bisphenol S in the Asian markets witnessed a bearish trajectory due to sluggish demand fundamentals, despite a partial recovery in the feedstock market. The downward pressure on final Bisphenol S prices was predominantly driven by subdued demand from key downstream sectors such as Epoxy resins and Polycarbonate. This influence overshadowed other market dynamics, even as feedstock Phenol prices witnessed an uptick in the latter part of the quarter. However, the impact of this increase on overall prices remained somewhat limited. Transitioned into the second quarter of 2023, the domestic Bisphenol S market in India encountered a bearish trend characterized by consistent price declines. This trend was primarily attributed to the entry of more competitively priced imports from China, South Korea, and Japan. The abundance of low-cost imports was fuelled by weak prices in the broader Asia Pacific region. Additionally, a combination of moderate supply and cautious buying behaviour from downstream industries like Epoxy resins and Polycarbonate further contributed to the prevailing bearish sentiment in the Indian market. To add to the complexity of the pricing scenario, currency fluctuations, particularly the Indian Rupee's movement against the USD, introduced an additional layer of uncertainty and influence on market dynamics in India.
H2 2023: During H2 2023, Asia Pacific region again leaded in terms of consuming Bisphenol S. Bisphenol S prices in Asian markets demonstrated a consistent upward trajectory in the third quarter of 2023, propelled by heightened demand from downstream industries, robust operational efficiency at Sinopec Mitsui, and elevated crude oil prices. The surge in prices for key feedstock materials such as Acetone and Phenol provided substantial cost support to the Bisphenol S market. The strengthened demand in the downstream Epoxy resins market also played a role in the upward price movement. From September- December 2023, Bisphenol S prices decreased in the Indian market. The decrease in Bisphenol S prices in the Indian market from September to December 2023 can be attributed to several factors influencing the supply-demand dynamics. Firstly, there was a surplus of Bisphenol S in the market, leading to increased competition among suppliers and subsequently resulting in price reductions to stimulate demand. Additionally, changes in the cost of key raw materials, such as Phenol and Acetone, played a role in influencing the overall pricing trend. Other factors, including changes in demand for downstream products further impacted the pricing of Bisphenol S in the Indian market.
The global Bisphenol S market stood at approximately 185 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 4.2% during the forecast period until 2033.
The compound Bisphenol S is recognized as a superior alternative to Bisphenol A, proven to be less harmful through scientific research. Its prominence is increasing, gradually replacing BPA in the global production of thermal paper and epoxy. Bisphenol S stands out for its lower acidity compared to Bisphenol-A. Despite growing awareness, there is currently an oversupply of the product in comparison to the generated demand. Companies are operating at reduced capacities due to uncertainty in demand amid the ongoing pandemic.
Bisphenol S finds diverse applications as Heat Sensitive Developers, Polymer Modifiers, Flame Retardants, Water Soluble Resins, and Thermosetting Resins, and in the production of various intermediates. Thermal paper, driven by increased online purchasing and the growing significance of labeling in the food and beverage industry, constitutes the major source of demand for BPS globally. The rising use of epoxy resins for aesthetic purposes further fuels the demand for Bisphenol S. Polyurethane systems, known for providing strength, durability, and resilience in challenging conditions, are contributing significantly to the growth of the BPS market. The global Bisphenol S market is anticipated to reach approximately 280 thousand tonnes in 2033.
In terms of regional demand, the Asia-Pacific region commands the predominant share in the BPS market. The Asia-Pacific Bisphenol S (BPS) market is poised for robust growth in the forecast period, primarily attributed to the region's emergence as a prominent manufacturing hub for polymers, plastics, and electronics. With a flourishing industrial landscape, Asia-Pacific has witnessed significant advancements in polymer and plastic production, driving the demand for key components like BPS. The increasing focus on electronics manufacturing in countries within the region further propels the demand for BPS, a vital component in various electronic applications. As industries expand and technology advances, the Asia-Pacific region stands as a key player in the BPS market, benefitting from its manufacturing prowess and contributing to the overall growth of the global BPS industry.
Based on the end-user industry, the global Bisphenol S market is divided into Thermal Papers, Fine Chemicals, Epoxy Resins, Phenolic Resins, PBT, Polyurethane and Others.
Major players in the Global Bisphenol S market are Nicca Chemical Co., Ltd., Solvay S.A., Zhangjiagang Gangda Chemical Co., Ltd., Chongqing Qiutian Chemical Co., Ltd., ASF SE, Konishi Chemical Ind. Co., Ltd., Volant-Chem Corp., Nisso Metallochemical Co., Ltd., Nantong Botao Chemical Co., Ltd., Jiangyin Changsheng Chemical Co., Ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2033
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Objective of the Study:
• To assess the demand-supply scenario of Bisphenol S which covers production, demand and supply of Bisphenol S market in the globe.
• To analyse and forecast the market size of Bisphenol S
• To classify and forecast Global Bisphenol S market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Bisphenol S market in the globe.
To extract data for Global Bisphenol S market, primary research surveys were conducted with Bisphenol S 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 S market over the coming years.
ChemAnalyst calculated Bisphenol S demand across the globe by analysing the volume of Bisphenol S consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine 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 S manufacturers and other stakeholders
• Organizations, forums and alliances related to Bisphenol S 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 S 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 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 2023
185 thousand tonnes
Market size Volume in 2033
280 thousand tonnes
Growth Rate
CAGR of 4.2% from 2024 to 2033
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2033
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2033
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Thermal Papers, Fine Chemicals, Epoxy Resins, Phenolic Resins, PBT, Polyurethane 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 was the net market size of Bisphenol S in terms of volume in 2023?
Ans:
The global market size of Bisphenol S has reached approximately 185 thousand tonnes in 2023.
Q2.
Which industry is the leading consumer of Bisphenol S?
Ans:
Cosmetics and Personal Care industry is the leading consumer of Bisphenol S globally.
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