Bisphenol A Market Outlook - Supply and Demand Analysis 2024-2032

Bisphenol A Market

Bisphenol A, also known as BPA, is a chemical substance that is used along with other chemicals to produce certain plastics and resins. Polycarbonate plastic, a transparent and rigid material, is produced from BPA, which is further used to prepare food storage containers, reusable bottles, and water dispensers. Bisphenol A is also used in the production of epoxy resins, which find application as a protective coating and lining for beverage cans and food containers.

Global Supply/Demand Outlook

The global bisphenol A (BPA) market stood at a volume of around 5,800.0 KT in 2023. The market is estimated to grow at a CAGR of 3.90% between 2024 and 2032 to reach a volume of about 8,231.30 KT by 2032. The market is aided by the rising demand from the polycarbonate sector and the growing production of epoxy resins due to its diverse applications. Around 65% of the total BPA produced is used for polycarbonate resin production, emerging as the leading application segment. It is followed by epoxy resin with 30% market share. Additionally, the market is witnessing a rise in demand for bio-based BPA, which is likely to provide manufacturers with new growth opportunities.

The global capacity of bisphenol A (BPA) was about 8,700 KT in the year 2023. It is estimated to reach around 11,000 KT by 2032. The Asia Pacific region holds the major share of BPA capacities representing around 62% of the global production capacity. In 2023, Chin;a, South Korea, Taiwan, Japan, and Thailand were the key Asian countries, accounting for over 90% of the total bisphenol A capacity of the region. In 2023, the plant capacity utilisation of bisphenol A stood at 79%.

Key Market Players

The top seven players in the bisphenol A market are Bayer AG, Kumho P&B Chemicals Inc., LG Chem, SABIC, Sinopec, Dow Chemical, and GE Plastics.

In December 2023, China's Sinopec Mitsui Chemicals, a JV formed between China's Sinopec and Japan's Mitsui Chemicals, announced the successful resumption of BPA production at its Chinese facility, Caojing, after extensive renovations. The facility is known for its annual BPA production capacity of 120 thousand tons.

Other major manufacturers of BPA are INEOS Group Ltd., Covestro AG, Changchun Group, Mitsui Chemicals Inc., Nan Ya Plastics Corporation, and Vinmar International Ltd.

Key Questions Answered in the Report:

• What are the high-growth opportunities and markets for bisphenol A (BPA) by application and region?

• Which segments and regions are projected to grow at a faster pace and why in the bisphenol A (BPA) market?

• What is the nameplate capacity of bisphenol A (BPA) by region from 2018 to 2032?

• How does the plant capacity utilisation of bisphenol A (BPA) vary by region between 2018 and 2032?

• Who are the major players in the bisphenol A (BPA) market by capacity and region?

• What major plant shutdowns and expansions have occurred in the bisphenol A (BPA) market in the last year and the last quarter?

• What major plant shutdowns and expansions are planned in the bisphenol A (BPA) market over the next year and quarters?

• How did export and import dynamics of bisphenol A (BPA) vary by region in terms of value between 2018 and 2023?

• How did export and import dynamics of bisphenol A (BPA) vary by region in terms of volume between 2018 and 2023?

• What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of bisphenol A (BPA)?

• What are the environmental considerations and regulatory impacts affecting the bisphenol A (BPA) market?

• What technological innovations are having an impact on the production and application of bisphenol A (BPA)?

• What are the key trends and innovations in the bisphenol A (BPA) market?

• What are the challenges and opportunities faced by bisphenol A (BPA) manufacturers?

• What are the potential risks and barriers to entry for new players in the bisphenol A (BPA) market?

• What strategic investments and expansions have major players made in the bisphenol A (BPA) market?

• How are geopolitical factors and international trade policies affecting the global bisphenol A (BPA) market?

• What are the price trends for bisphenol A (BPA), and how are they expected to change?

• How does the supply chain of bisphenol A (BPA) operate, and what are its key components?