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The global Bisphenol A (BPA) market attained a volume of 9,219.8 KMT in 2023. The market is estimated to grow at a CAGR of 3.0% during 2024-2032 to reach a volume of 12,025.47 KMT by 2032.
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Based on application, the polycarbonate resins segment accounts for the largest share of the market. Polycarbonate resins find use in several electrical devices, such as housings, connectors, battery boxes, smartphones, and optical media, among others. The compound is a lightweight and high-performance resin, which has unique toughness, dimensional stability, optical clarity, high heat resistance, and high electrical resistance.
Over the forecast period, the growing use of polycarbonate resins in industrial applications, such as machine parts and electronic components, owing to their lightweight and superior shock absorption qualities, is likely to augment the growth of the global bisphenol A market. It also finds application in the automotive sector to make cars lighter and more fuel-efficient while maintaining safety.
The thriving end use sectors of bisphenol A in the region, including automotive and electrical and electronics, are likely to be a driving factor for the market. The product has witnessed a significant demand in the production of consumer electronics, including smartphones, owing to the rapid digitalisation, urbanisation, growing dependence of people on technology, and rising disposable incomes. Over the forecast period, the anticipated rise in demand for polycarbonate resins in the electrical and electronics industry, especially in countries like India, China, South Korea, and Japan, is likely to aid the market growth in the region.
Bisphenol A or BPA is defined as a synthetic organic compound that is produced in large quantities primarily for the production of polycarbonate plastics and epoxy resins. The compound belongs to the group of diphenylmethane derivatives and bisphenols, with two hydroxyphenyl groups. It is a colourless solid that is soluble in organic solvents.
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Based on application, the market is divided into:
The significant end uses of the product include:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global market for bisphenol A is likely to benefit from the expansion of the automotive sector. The polycarbonate resin, which is one of the most popular downstream products of bisphenol A, is used in manufacturing car headlights, rear windows, bumpers, or dashboards. Over the forecast period, the anticipated surge in demand for automobiles in emerging economies is likely to propel the global bisphenol A market. In addition, the market is expected to be aided by the growing applications of bisphenol A in compact discs, impact-resistant safety equipment, and medical devices.
The report gives a detailed analysis of the following key players in the global bisphenol A (BPA) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a volume of USD 9,219.8 KMT.
The market is estimated to grow at a CAGR of 3.0% between 2024 and 2032.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The growing use of polycarbonate resins, the rising application of BPA in various end-use sectors, and rapid urbanisation are the major market drivers.
The key trends propelling the market include the rising product demand in the automotive sector and the surging applications of bisphenol A in food and drink packaging.
Polycarbonate resins, epoxy resins, unsaturated polyester resins, and flame retardants, among others, are the major applications of the product.
The different end uses of bisphenol A (BPA) are housewares, automotive, construction materials, electrical and electronics, among others.
The key players in the bisphenol A (BPA) market are Kumho P&B Chemicals., Inc, SABIC, Nan Ya Plastics Corporation, Chang Chun Group, PTT Global Chemical Public Company Limited (GC), Mitsui Chemicals, Inc, LG Chem, Covestro AG, Olin Corporation, among others.
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