Global Bisphenol A (BPA) Market Report and Forecast 2023-2028

Global Bisphenol A (BPA) Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global bisphenol A (BPA) market attained a value of USD 20.95 billion in 2022. Aided by the growing demand for polycarbonate plastics and epoxy resins in various industries, the market is projected to further grow at a CAGR of 8.9% between 2023 and 2028 to reach a value of USD 35.59 billion by 2028.

A synthetic organic chemical known as bisphenol A, or BPA, is generated in huge amounts principally for the manufacture of epoxy resins and polycarbonate plastics. The substance has two hydroxyphenyl groups and is a member of the diphenylmethane derivative and bisphenol families. It is a colourless solid and is soluble in organic solvents.

The growing demand for polycarbonate plastics and epoxy resins across various industries is driving the global bisphenol A (BPA) market growth. The increasing use of polycarbonate plastics in automotive components, electrical devices, and consumer goods has fuelled the demand for BPA as a key raw material. Similarly, the expanding applications of epoxy resins in the aerospace, electronics, and packaging sectors have contributed to the growth of the BPA market.

Rising urbanisation and rapid industrialisation are other key factors propelling the growth of the BPA market. The expansion of the construction industry, particularly in emerging economies, has led to an increased demand for polycarbonate plastics and epoxy resins. These materials are used in the construction of energy-efficient buildings, greenhouses, and glazing applications, further driving the demand for BPA.

Meanwhile, the expanding applications of BPA in the production of flame retardants, unsaturated polyester resins, and other niche applications are expected to provide new growth opportunities for the global bisphenol A (BPA) market. Also, ongoing research and development projects to enhance the performance and safety of BPA-based materials are probably going to support market expansion in the upcoming years.

The development of bio-based BPA alternatives derived from renewable resources is one of the emerging trends in the bisphenol A (BPA) market. These alternatives are expected to reduce the environmental impact of BPA production while addressing the health concerns associated with BPA exposure. As the demand for sustainable and eco-friendly materials continues to grow, the adoption of bio-based BPA alternatives could potentially reshape the market landscape.

Market Segmentation

The market can be divided based on application, end use, and region.

Market Breakup by Application

• Polycarbonate Resins
• Epoxy Resins
• Unsaturated Polyester Resins
• Flame Retardants
• Others

Market Breakup by End Use

• Appliances
• Automotive
• Construction Materials
• Electrical and Electronics
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global bisphenol A (BPA) companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• The Dow Chemical Company
• Teijin Co., Ltd.
• LG Chem
• SABIC
• Kumho P&B Chemicals. Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.