Bisphenol A (Bpa) Market - Forecast(2024 - 2030)

Bisphenol-A (BPA) market size is forecast to reach $30.43 billion by 2030, after growing at a CAGR of 5.26% during 2024-2030. Bisphenol-A (BPA) is used primarily as an enhancer in polycarbonate plastic and epoxy resins, a colorless crystalline material that is found in the Organic compound class. BPA is used primarily for polycarbonate processing, and growing demand is anticipated to be a significant market factor for polycarbonates in food and medical goods. In addition, rising building industry and increasing demand for BPA are estimated to further increase market growth in the automotive industry.

Concerns regarding the potential health risks associated with BPA have led to a significant shift towards BPA-free alternatives across various industries. This trend is particularly evident in the packaging sector, where consumers and regulatory bodies increasingly demand safer materials. Companies are investing in research and development to innovate and introduce BPA-free substitutes, such as BPS (bisphenol-S) and BPF (bisphenol-F), to meet market demands and comply with stringent regulations.

Another significant trend is the ongoing technological advancements in both the production and application of bisphenol-A. Continuous research and development efforts are focused on improving the efficiency, sustainability, and safety aspects of BPA manufacturing processes. Additionally, innovations in the application of BPA in various industries, such as packaging, construction, and automotive, are driving market growth. These advancements contribute to expanding the range of BPA applications, fostering its integration into diverse sectors while addressing environmental and health concerns associated with traditional BPA use.

The COVID-19 pandemic significantly impacted the bisphenol-A (BPA) market, leading to fluctuations in supply and demand dynamics worldwide. As lockdown measures were enforced and economic activities slowed, the consumption of BPA, primarily used in the production of polycarbonate plastics and epoxy resins, experienced a notable decline. The disruption in manufacturing and logistics chains further compounded the challenges faced by BPA producers and suppliers. However, the pandemic also spurred certain shifts in the market, such as increased demand for BPA-based products in medical equipment and packaging applications, driven by the need for healthcare infrastructure reinforcement. Additionally, efforts to enhance hygiene and safety protocols prompted a surge in the use of BPA-containing materials for disposable medical supplies and food packaging. Despite these adaptations, the overall impact of COVID-19 on the bisphenol-A market underscored the vulnerability of the industry to global crises and highlighted the necessity for resilience and agility in supply chain management.

As economies recover and industries stabilize, the bisphenol-A market has rebounded, albeit with potential shifts in product applications and market trends driven by the lasting effects of the pandemic on global business practices.

The report: “Bisphenol-A (BPA) Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Bisphenol (BPA) Industry.

By Application: Polycarbonate Resins, Epoxy Resins, Unsaturated Polyester Resins, Flame Retardants, Polyacrylate, Polysulfone Resins, Polyetherimide, Others

By End-Use Industry: Automotive Industry, Electronics Industry, Packaging Industry, Construction Industry, Others

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa)

• Epoxy resins and other plastics are made from BPA. Plastic from BPA is ideally adapted to the manufacture of a range of consumer goods such as sports gear, electrical devices, water bottles, DVDs, and CDs, including heat & solvent stability, resistance, and stability at low temperatures.

• Future demand for BPA is dependent on the global economic health, since the end-use segment includes the construction, automobile, and computer sectors. In various industrial applications, the demand driver for epoxy resins, vinyl ester resins, tetrabromobisphenol-A, nitrate reductase, is its good quality efficiency in terms of thermal stability, corrosion resistance, moisture resistivity, mechanical strength, and adhesion.

• Increasing investments in research and development is supposed to have a massive business potential.

Polycarbonate Resins segment holds the largest share in Bisphenol (BPA) Market in 2023, is growing at a CAGR of 6.98% during forecast period 2024-2030. Polycarbonates are a high-performance thermoplastic commonly used to create and construct. Throughout a range of skylight and window uses, polycarbonate sheets may be used as a glass alternative. These are often known as opaque coverings, canopies, cross walls, façades, roofs for sporting facilities, roofs and roofing domes. These can also be used as opaque coverings. The usage of polycarbonate products in greenhouses in recent years has increased considerably. There are broad greenhouse growing areas throughout Europe, such as Germany, the Netherlands, Spain and France. Europe's urban industrial greenhouse sector accounts for nearly 25%.

The increasing popularity of polycarbonates is expected to drive the polycarbonate market during the forecast period due to their advantages over other standard materials (including glass and other plastics). In addition, polycarbonate is used in the automobile industry to retain strength, minimize weight, withstand shock for bumpers, restrict the explosion of danger through the usage of fuel tanks, seat belts, airbags, door and benches, subsystems, bumpers, components for under-bonnet, exterior trims etc. At present, 10 kg of polycarbonate is used in different ways to manufacture a standard four-wheel vehicle.

North America dominated the Bisphenol (BPA) Market share with more than 51% in 2023, followed by APAC and Europe. This year, BPA is widely used in infant bottles and used to line metal food containers with more than 2 billion pounds manufactured in the United States. According to the developments in glazing construction the steady growth of the trade industry, primarily in the construction of offices, is likely to have positive effects on the polycarbonate business. In the next few years, the country's office space demand is expected to rise almost by 10%, effectively growing the scale of the industry for Bisphenol-A (BPA). Throughout the past five years, demand has been rising consistently in the United States and automotive revenues have been steadily increasing.

This rapid development contributed to improved consumer demand for sunroofs, window frames, grips, inner lenses, handles of doors, headlight bezels, inner focus points and flammable radiator brows, which are being used in manufacture of polycarbonates. This emerging market for polycarbonates is expected to raise the Bisphenol-A (BPA) supply demand. The US Power Department plans to produce 404 GW of wind power by 2050. The rising market for composites fuels new developments including the production of low-cost carbon fibers and high-performance glass fibers.

In future years, the industry will be powered by rising demand for epoxy resins and polycarbonates with its numerous end-user applications. Among other places, low-cost synthetic fibers, robust glass fibers, and rotor blade composites provide other choices for utilizing BPA in the untapped market. These composites are used in windmills. Windmills need long-term productivity in the operation of sharp rotor blades coated with epoxy resin. The US Department of Energy the nation is estimated to have a potential of more than 400 GW of wind energy by 2050. There has been a major revolution inside the windmill sector owing to renewable power demands, which would have an impact on the businesses utilizing BPA.

The use to package food and drinks constitutes only around 4% of global polycarbonate use, and the market for BPA does not decline as there are already many applications. Asia Pacific is the industry leader in Bisphenol-A and is projected to remain as wide end consumer industries in this field throughout its forecast period.

One key constraint in the Bisphenol A (BPA) market is increasing regulatory scrutiny and restrictions on its use due to its potential health and environmental impacts. BPA is known to leach from containers into food and beverages, leading to concerns about its potential to disrupt the endocrine system and cause other health issues. As a result, regulatory bodies in various countries have imposed restrictions on BPA use in certain products, such as baby bottles, food packaging, and thermal paper receipts. This regulatory environment can constrain the growth of the BPA market by limiting its application areas and driving the development of alternative materials. 

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Bisphenol-A (BPA) Market. The key companies in the Bisphenol-A (BPA) Market are:

• In August 2022, INEOS Phenol purchased all the assets of Mitsui Phenols Singapore Ltd from Mitsui Chemicals, thereby integrating 150 Kilo-Tonnes Per Annum of Bisphenol-A into their operations and enhancing their market competitiveness.

• In August 2022, Mitsui Chemicals, Inc. and Teijin Ltd. forged an alliance aimed at advancing the development and commercialization of biomass-derived Bisphenol-A (BPA), contributing to Japan's pursuit of carbon neutrality through the reduction of greenhouse gas (GHG) emissions across product lifecycles.

• In March 2022, Covestro AG initiated operations for two polycarbonate compounding production lines at its Greater Noida facility near New Delhi, India, in response to the increasing demand for compounded plastics, notably within the automotive, electrical, and electronics sectors.