Bisphenol Market - Forecast(2024 - 2030)

Report Code: CMR 1216 Report Format: PDF + Excel

Bisphenol Market Overview

The Bisphenol Market size is estimated to reach US$17.5 million by 2027, after growing at a CAGR of 7.6% during the forecast period 2022-2027. Bisphenol is a colourless crystalline solid belonging to an organic compound family which is primarily used as a strengthener in polycarbonate plastics and epoxy resins. Bisphenols such as bisphenol A, bisphenol F, bisphenol S, bisphenol AF and others have rising demand across industries, majorly construction. The surging utilization in building and construction for cladding panels, sheets, windows and others act as a driving factor in the bisphenol industry. According to the United States Census Bureau, the total construction spending in the US increased from a seasonally adjusted annual rate of US$1.62 million in May 2021 to US$1.77 million in May 2022. In addition, growing demand from electronics for a wide range of applicability in consumer electronic devices due to its high-performing features is fueling its growth scope. Thus, the Bisphenol industry is anticipated to grow rapidly and contribute to the Bisphenol market size during the forecast period.

Bisphenol Market Report Coverage

The “Bisphenol Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Bisphenol Industry.

By Form: Crystal, Powder and Flakes.
By Application: Flame Retardants, Dental Sealants, Polycarbonate Resins, Epoxy Resins, Brake Fluids, Consumer Electronics and Others.
By End-use Industry: Automotive [Passenger Vehicles (PVs), Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs)], Building & Construction (Residential, Commercial, Industrial and Infrastructural), Aerospace (Military, Commercial and Others), Electrical & Electronics (Computers, Cell Phones and Others) and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of the Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].

Key Takeaways

  • Asia-Pacific dominates the Bisphenol Market, owing to growth factors such as the flourished base for the construction sector, surging electronics production and rising automotive production.
  • The flourishing automotive sector across the world is propelling the demand for Bisphenol for major utilization in lightweight automotive components such as sunroofs, windshields and others, thereby influencing the growth in the Bisphenol market size. According to the International Organization of Motor Vehicle Manufacturers (OICA), global automotive production increased from 77,621,582 units in 2020 to 80,145,988 units in 2021.
  • The strict regulations on health impacts associated with Bisphenol act as challenging factors in the global Bisphenol industry.

Figure: Bisphenol Market Revenue Share by Geography, 2021 (%)
Bisphenol Market
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Bisphenol Market Segment Analysis – by Application

The polycarbonate resin segment held a significant share of the Bisphenol Market in 2021 and is projected to grow at a CAGR of 6.7% during the forecast period 2022-2027. Bisphenol has major demand for applications in polycarbonate resin, as polycarbonate is a high-performing thermoplastic and has diverse utilization across major end-use industries. The increasing utilization of polycarbonate resin for various sectors, primarily construction, is increasing. The construction sector is significantly growing due to growth factors such as increasing investments in infrastructural projects, initiatives for smart and green buildings and urbanization. According to the International Trade Administration (ITA), the estimated construction value in Mexico saw growth from US$72.89 billion in 2021 to US$82.56 billion in 2022. With the surging construction activities and growth scope, the polycarbonate resin segment is anticipated to grow rapidly in the Bisphenol market during the forecast period.

Bisphenol Market Segment Analysis – by End-use Industry

The automotive segment held a significant share of the Bisphenol Market in 2021 and is projected to grow at a CAGR of 7.1% during the forecast period 2022-2027. Bisphenol has significant demand in the automotive sector for applicability in lightweight vehicle components that use polycarbonate and epoxy. The automotive industry is flourishing, owing to factors such as high demand for fuel-efficient vehicles, vehicle electrification and urbanization. According to the India Brand Equity Foundation (IBEF), the automotive industry in India is expected to reach US$251.4-282.8 billion by 2026. According to the International Organization of Motor Vehicles Manufacturers (OICA), the global production of passenger cars increased from 55,834,456 units in 2020 to 57,054,295 units in 2021. With the bolstering growth in the automotive sector, the utilization of bisphenol in automotive components such as windows, windshields, sunroofs and others is increasing. This, in turn, is anticipated to boost its growth scope in the automotive industry during the forecast period.

Bisphenol Market Segment Analysis – by Geography

Asia-Pacific held the largest Bisphenol Market share of up to 37% in 2021. The lucrative growth scope for bisphenol in this region is influenced by the presence of major industries such as construction, electronics, automotive and others, an established manufacturing base and urbanization. The lucrative growth for the building & construction sector in APAC is influenced by factors such as rising infrastructural development, flourishing residential construction activities and urbanization. For instance, according to the National Investment Promotion & Facilitation Agency, the Indian construction industry is expected to reach US$1.4 trillion by 2025. According to the International Trade Administration (ITA), the construction sector in China is expected to grow at an annual average rate of 8.6% between 2022 and 2030. With fast-paced growth in the construction sector in APAC, the applications of bisphenol for cladding panels, paints & coatings, facades and others are projected to rise in Asia-Pacific. This, in turn, is anticipated to boost the growth of the Bisphenol market over the forecast period.

Bisphenol Market Drivers

Bolstering Growth of the Building & Construction Sector:

Bisphenol has significant utilization in the building & construction sector for applicability in cladding panels, facades, roofing, paints and others. The construction industry is significantly flourishing, owing to factors such as rising infrastructural development, flourishing residential construction activities and urbanization. According to Statistics Canada, investment in commercial construction rose by 1.7% in December 2021 compared to the previous year. According to the European Construction Industry Federation (FIEC), construction activity increased by 10.3% in volume in France for 2021 compared to 2020. With the rapid increase in global building & construction activities, the applicability of bisphenol, including bisphenol A, bisphenol F, bisphenol S and others for roofing, building structures, plastics, coatings and others is rising. This is driving the bisphenol industry.

Flourishing Growth of the Electronics Sector:

Bisphenol such as bisphenol A, bisphenol F and others have significant demand in the electronics sector for a wide range of applicability in electronic devices such as digital disks, PCBs, fuse boxes and others. The electrical & electronics sector is rapidly flourishing due to growth factors such as a rise in consumer electronics manufacturing, demand for smart home appliances and rising income level. According to the Japan Electronics and Information Technology Industries Association (JEITA), the production of consumer electronic equipment in Japan increased from US$215 million in January 2022 to US$230 million in March 2022. According to the LG Electronics annual report, the sales of electronic appliances increased by 28.7% to reach US$65.32 billion in 2021 against 2020. Thus, with the rapid increase in electronics production and growth scope, the applicability of bisphenol in various electronic devices is growing. This, in turn, is driving the Bisphenol industry.

Bisphenol Market Challenges

Regulations and Health Concerns Associated with Bisphenol:
The negative health impacts associated with endocrine disruptors such as Bisphenol A, Bisphenol F and others create a growth-restraining impact on the bisphenol market. The issues such as obesity, cardiovascular diseases, miscarriage, diabetes and others are seen as a result of harmful exposure to such chemicals. Further, this chemical comes under extreme security in Europe by Europe Chemical Agency. The European Union and Canada also banned the use of bisphenol A in baby bottles. Due to such factors, the Bisphenol market anticipates a major slowdown and growth hamper.

Key Market Players

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Bisphenol Market. The 10 companies in the Bisphenol Market include:
  1. Covestro AG

  2. Chang Chun Group
  3. Nan Ya Plastics Corporation
  4. Kumho P&B Chemicals Inc.
  5. SABIC
  6. Dow Chemical
  7. P&B Chemical
  8. Hexion Inc.
  9. Formosa Plastics
  10. Bayer Material Science

Recent Developments

  • In November 2021, LG Chem started its Bisphenol A facility in Daesan, with a manufacturing capacity of 1,65,000 million tons per year, thereby boosting its growth scope. 
  • In June 2021, LG Chem announced the production of sustainable products at its Yosu and Iksan cracker and polymerization plants after achieving ISCC-plus accreditation on 9 products, including Bisphenol A.

Relevant Reports

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Report Code: CMR 95264

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1. Bisphenol Market - Market Overview
    1.1 Definitions and Scope
2. Bisphenol Market - Executive Summary
    2.1 Key Trends by Form
    2.2 Key Trends by Application
    2.3 Key Trends by End-use Industry
    2.4 Key Trends by Geography
3. Bisphenol Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Bisphenol Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Bisphenol Market – Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Bisphenol Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Bisphenol Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Bisphenol Market – by Form (Market size – US$ Million/Billion)
    8.1 Crystal
    8.2 Powder
    8.3 Flakes
9. Bisphenol Market – by Application (Market size – US$ Million/Billion)
    9.1 Flame Retardants
    9.2 Dental Sealants
    9.3 Polycarbonate Resins
    9.4 Epoxy Resins
    9.5 Brake Fluids
    9.6 Consumer Electronics
    9.7 Others
10. Bisphenol Market - by End-use Industry (Market Size - US$ Million/Billion)
    10.1 Automotive
        10.1.1 Passenger Vehicles (PVs)
        10.1.2 Light Commercial Vehicles (LCVs)
        10.1.3 Heavy Commercial Vehicles (HCVs)
    10.2 Building & Construction
        10.2.1 Residential
        10.2.2 Industrial
        10.2.3 Commercial
        10.2.4 Infrastructural
    10.3 Aerospace
        10.3.1 Military
        10.3.2 Commercial
        10.3.3 Others
    10.4 Electrical & Electronics
        10.4.1 Computers
        10.4.2 Cell Phones
        10.4.3 Others
    10.5 Consumer Goods
    10.6 Others
11. Bisphenol Market - by Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 The USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 The UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 The Netherlands
        11.2.6 Spain
        11.2.7 Belgium
        11.2.8 The Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 The Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 The Rest of South America
    11.5 The Rest of the World
        11.5.1 The Middle East
   Saudi Arabia
   The UAE
   The Rest of the Middle East
        11.5.2 Africa
   South Africa
   The Rest of Africa
12. Bisphenol Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Bisphenol Market – Industry/Competition Segment Analysis Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Bisphenol Market – Key Company List by Country Premium Premium
15. Bisphenol Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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