BAPP Market - Forecast(2024 - 2030)

Report Code: CMR 97437 Report Format: PDF + Excel

BAPP Market Overview

The BAPP Market size is estimated to reach more than US$150 million by 2027, after growing at a CAGR of more than 6% during the forecast period 2022-2027. The BAPP or 2,2-Bis[4-(4-aminophenoxy) phenyl]propane, is a monomer, which is used to prepare polyimide and is synthesized from bisphenol A and p-chloronitrobenzene via nucleophilic substitution reaction. The BAPP is utilized for applications in polyimide monomers, semiconductors and various plastic products, which act as a driving factor in the BAPP industry. In addition, growing end-use industries such as aerospace, electronics, plastics, pharmaceuticals and others are fueling the growth scope for BAPP. According to the India Brand Equity Foundation (IBEF), the consumer electronics and appliances sector accounted for US$9.84 billion in 2021 and is expected to reach US$21.19 billion by 2025. Further, disruption caused by the covid-19 outbreak impacted the growth of the BAPP market due to disturbance in manufacturing, supply chain disruption, falling demand from major end-use industries and other lockdown restrictions. However, significant recovery is boosting the demand for BAPP for a wide range of applicability and utilization in medical, electronics and other sectors. Thus, the BAPP industry is anticipated to grow rapidly and contribute to the BAPP market size during the forecast period.

BAPP Market Report Coverage

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

By Purity: Below 98%, 98% and More than 98%.
By Application: Polyimide Monomers, Organic Synthesis, Semiconductor, Smartphone and Others.
By End-use Industry: Electronics, Medical & Pharmaceutical, Plastics and Others.
By Geography: North America (the U.S., Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, 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), Rest of the World [Middle-East (Saudi Arabia, UAE, Israel and Rest of the Middle-East) and Africa (South Africa, Nigeria and Rest of Africa)].

Key Takeaways

  • Asia-Pacific dominates the BAPP Market, owing to growth factors such as the flourished electronics production, rising aerospace base, flourishing demand for plastics and industrialization, thereby boosting growth in this region.
  • The flourishing electronics sector across the world is propelling the demand for BAPP for major utilization in semiconductors, smartphones, integrated circuits and others, thereby contributing to the BAPP market size.
  • However, the toxicity and health hazards associated with the BAPP or 2,2-Bis[4-(4-aminophenoxy)phenyl] propane act as a challenging factor in the BAPP industry.

Figure: BAPP Market Revenue Share by Geography, 2021 (%)

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BAPP Market Segment Analysis – by Application

The polyimide monomers segment held a significant BAPP Market share in 2021 and is projected to grow at a CAGR of 6.1% during the forecast period 2022-2027. BAPP or 2,2-Bis[4-(4-aminophenoxy) phenyl]propane is widely utilized in polyimide resins for applicability in major industries, majorly electronics. In addition, the demand for polyimide resin or monomers based on BAPP is significantly rising in the medical sector. The medical industry experiences lucrative growth owing to factors such as rising innovative medical technologies, high spending on drug delivery systems and urbanization. For instance, according to the Government of Canada, Canadian drug sales increased from US$28.3 billion in 2018 to US$29.9 billion in the year 2020. According to the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), the estimated growth of the pharmaceutical sector for 2022 was 5.4% in North America. With the rapid growth scope across major end-use sectors, the applicability of BAPP in polyimide monomers is anticipated to grow, thereby boosting the growth scope over the forecast period.

BAPP Market Segment Analysis – by End-use Industry

The electronics held a significant BAPP Market share in 2021 and is projected to grow at a CAGR of 6.7% during the forecast period 2022-2027. BAPP or 2,2-Bis[4-(4-aminophenoxy) phenyl]propane has growing applicability in the electronics sector for circuits, semiconductors, smartphones and others. The lucrative growth prospect in the electronics sector is influenced by factors such as demand for smart home appliances, consumer electronics and industrialization. For instance, according to OBERLO, the total revenue of consumer electronics in the U.S. is expected to increase by 7.5% in 2023. According to the LG Electronics annual report, the sales of electronic appliances increased by 28.7% to reach US$65.32 billion in 2021 over 2020. With the robust scope for electronics production, the utilization of BAPP in smartphones, semiconductors and others is rising due to its chemical resistance, corrosion-inhibiting features and others; thereby the growth scope for BAPP in the electronics industry is anticipated to rise during the forecast period.

BAPP Market Segment Analysis – by Geography

Asia-Pacific held the largest BAPP Market share in 2021 up to 44.8%. The robust growth of BAPP in this region is influenced by the rising production of electronics, established the base for aerospace, the flourishing pharmaceutical sector and urbanization trends. The electronics sector is significantly accelerating in APAC due to factors such as robust demand for consumer electronic devices, soaring production base and urbanization. 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. With the robust growth scope for electronics in APAC, the demand for polyimide in films, semiconductors, smartphones, integrated circuits and others is rising, which, in turn, is anticipated to boost its growth scope in the Asia-Pacific region over the forecast period.

BAPP Market Drivers

Bolstering Growth of the Medical & Pharmaceutical Sector:

BAPP or 2,2-Bis[4-(4-aminophenoxy) phenyl]propane has flourishing applications in the pharmaceutical sector for drug establishments, bleomycin BAPP and others. The medical and healthcare industry is rapidly growing due to factors such as high spending on drugs, growing healthcare infrastructure and a high rate of chronic health incidents. According to the India Brand Equity Foundation (IBEF), the healthcare market in India is expected to reach USD 372 billion by 2022. According to the International Trade Administration (ITA), the medical devices sector in the United States is expected to reach US$208 billion by the year 2023. According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the total pharmaceutical market value for EU member nations at ex-factory prices increased from US$ 147,686 in 2019 to US$ 253,027 in 2020. With the robust scope for the medical & pharmaceutical sector, the utilization of BAPP in the pharmaceutical sector is increasing, which, in turn, is driving the BAPP industry.

Flourishing Growth of the Plastics Industry:

BAPP or have a wide range of applications in the plastics sector for producing various plastic products based on polyimide monomers and resins due to corrosion-inhibiting, flexibility and other features. The plastics sector is rapidly flourishing owing to the high demand and growth scope for engineering plastics and wide utilization in aerospace, medical and others. For instance, according to the Centre for Financial Accountability (CENFA), the CAGR for the plastics industry is expected to grow at 3.4% between 2021 and 2028. Thus, with the rapid growth scope of the plastics sector, the utilization of the BAPP or 2,2-Bis[4-(4-aminophenoxy) phenyl]propane is rising exponentially, thereby driving the BAPP industry.

BAPP Market Challenge

Health Hazards Associated With BAPP:

The health hazards associated with BAPP or 2,2-Bis[4-(4-aminophenoxy) phenyl]propane act as a major challenging factor. The BAPP leads to severe health issues such as skin irritation, eye irritation, respiratory issues and others. The 2,2-Bis[4-(4-aminophenoxy) phenyl]propane is dangerous to human health when swallowed or contacted. Due to arising health issues and hazardous impacts, the demand and applicability scope for BAPP face growth restraint, thereby the BAPP market anticipates a major slowdown.

BAPP Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the BAPP Market. The top 10 companies in the BAPP Market are:

  1. SEIKA Group
  2. UIV Chem
  3. Nanjing Leading Chemical
  4. Changzhou Sunshine Pharmaceutical
  5. Wilshire Technologies
  6. Thermo Fisher Scientific
  7. Alfa Aesar
  8. TCI Chemicals
  9. Spectrum Chemical
  10. Parchem

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1. BAPP Market - Market Overview
    1.1 Definitions and Scope
2. BAPP Market - Executive Summary
    2.1 Key Trends by Purity
    2.2 Key Trends by Application
    2.3 Key Trends by End-use Industry
    2.4 Key Trends by Geography
3. BAPP 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. BAPP 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. BAPP Market – Industry 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. BAPP 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. BAPP 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. BAPP Market – by Purity (Market size – US$ Million/Billion)
    8.1 Below 98%
    8.2 98%
    8.3 More than 98%
9. BAPP Market – by Application (Market size – US$ Million/Billion)
    9.1 Polyimide Monomers
    9.2 Organic Synthesis
    9.3 Semiconductor
    9.4 Smartphone
    9.5 Others
10. BAPP Market - by End-use Industry (Market Size - US$ Million/Billion)
    10.1 Electronics
    10.2 Medical & Pharmaceutical
    10.3 Plastics
    10.4 Others
11. BAPP 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 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 Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 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 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle-East
   Saudi Arabia
   Rest of the Middle-East
        11.5.2 Africa
   South Africa
   Rest of Africa
12. BAPP Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. BAPP 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. BAPP Market – Key Company List by Country Premium Premium
15. BAPP 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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1.US BAPP Market Revenue, 2019-2024 ($M)
2.Canada BAPP Market Revenue, 2019-2024 ($M)
3.Mexico BAPP Market Revenue, 2019-2024 ($M)
4.Brazil BAPP Market Revenue, 2019-2024 ($M)
5.Argentina BAPP Market Revenue, 2019-2024 ($M)
6.Peru BAPP Market Revenue, 2019-2024 ($M)
7.Colombia BAPP Market Revenue, 2019-2024 ($M)
8.Chile BAPP Market Revenue, 2019-2024 ($M)
9.Rest of South America BAPP Market Revenue, 2019-2024 ($M)
10.UK BAPP Market Revenue, 2019-2024 ($M)
11.Germany BAPP Market Revenue, 2019-2024 ($M)
12.France BAPP Market Revenue, 2019-2024 ($M)
13.Italy BAPP Market Revenue, 2019-2024 ($M)
14.Spain BAPP Market Revenue, 2019-2024 ($M)
15.Rest of Europe BAPP Market Revenue, 2019-2024 ($M)
16.China BAPP Market Revenue, 2019-2024 ($M)
17.India BAPP Market Revenue, 2019-2024 ($M)
18.Japan BAPP Market Revenue, 2019-2024 ($M)
19.South Korea BAPP Market Revenue, 2019-2024 ($M)
20.South Africa BAPP Market Revenue, 2019-2024 ($M)
21.North America BAPP By Application
22.South America BAPP By Application
23.Europe BAPP By Application
24.APAC BAPP By Application
25.MENA BAPP By Application