The Bisphenol Market is to Touch $49.2 Billion by 2030; The increasing demand for Bisphenol across various industries such as automotive industry, electronics industry, packaging industry, construction industry propels market growth.

The Bisphenol Market size is estimated to reach $49.2 Billion by 2030, growing at a CAGR of 5.7% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Bisphenol Market – By Type (Bisphenol-A (BPA), Bisphenol-S (BPS), Bisphenol-F (BPF), Bisphenol-B (BPB), BisphenolF (BPAF), BisphenolP (BPAP), Others), 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 - Global Opportunity Analysis & Industry Forecast, 2023-2030”

Growing demand from the electronics sector and increased usage in the automotive industry are fueling the growth of the Bisphenol industry during the forecast period.

North America accounted for the largest share of more than 51% in 2023 of the Bisphenol market due to its robust industrial infrastructure, particularly in the electronics, automotive, and construction sectors, which heavily utilize bisphenol-based materials. The region's advanced manufacturing capabilities and high demand for durable, lightweight, and heat-resistant plastics and resins make it a prominent consumer of bisphenol. Additionally, the presence of leading automotive and electronics companies drives continuous innovation and demand for bisphenol-derived products, especially in applications requiring resilience and precision. Regulatory standards and consumer awareness around BPA alternatives have also spurred research and development investments within North America, leading to the production of innovative, safer bisphenol variants that continue to meet the needs of high-performance industries. With established infrastructure for automotive and electronic manufacturing and a strong emphasis on technological advancements, North America remains a key player in the global bisphenol market. Furthermore, rising trends toward electric vehicles (EVs) and renewable energy applications drive demand for bisphenol-based materials in battery and energy storage solutions, reinforcing the region’s dominant position in the market. 

The expanding electronics industry significantly impacts the demand for bisphenol, particularly bisphenol-A (BPA). As a critical component in polycarbonate plastics and epoxy resins, BPA is crucial in electronic devices, from smartphones and tablets to automotive electronics. Polycarbonates produced using BPA offer excellent transparency, impact resistance, and thermal stability—key qualities in high-tech gadgets. Furthermore, epoxy resins made with bisphenol are vital in electronic components, as they provide robust insulation and protective coatings. With the ongoing trend towards miniaturization and higher functionality in electronics, manufacturers are increasingly leaning on materials that provide resilience without adding bulk. In December 2022, the European Chemicals Agency (ECHA) launched the 1st public consultation1 on the proposal2 to restrict bisphenol A (BPA) and other bisphenols of similar concern for the environment under REACH Annex XVII. BPA and bisphenol B (BPB) are identified as substances of very high concern (SVHCs) with endocrine disrupting properties and have been included into Candidate List since 2017 and 2021 respectively. The dossier submitter concluded that the use of bisphenols is not adequately controlled in the EU. Bisphenol-based materials fulfill this role, fostering strong demand in the electronics sector. Moreover, the rise of 5G technology and the growth of IoT (Internet of Things) applications intensify the need for more durable and lightweight materials, thus bolstering the bisphenol market. This surge in demand is expected to drive innovations and optimizations in BPA production.

The automotive sector’s drive towards fuel efficiency and lightweight materials is also propelling the bisphenol market forward. Polycarbonate and epoxy resins, both products of bisphenol, play vital roles in lightweighting automotive components, reducing vehicle weight, and improving fuel efficiency. Key applications include lighting systems, glazing, and interior components, where polycarbonates offer a lighter alternative to glass without compromising strength. As the automotive industry pivots to electric vehicles (EVs), demand for bisphenol-based products is projected to grow. EV batteries and electronics require robust, lightweight materials to optimize performance and range. In January 2023, Teijin Limited announced today that it has received an ISCC PLUS sustainable-product certification from the International Sustainability and Carbon Certification (ISCC) system for biomass-derived bisphenol A (BPA) polycarbonate (PC) resin products produced in Japan. Teijin is the first Japanese company to obtain ISCC PLUS certification for the PC resin products. The newly certified biomass PC resin products offer the same physical characteristics as resins made of conventional petroleum-derived BPA, allowing them to be used in commercial applications such as automotive headlamps and electronic component. Additionally, the trend toward autonomous vehicles brings with it an increased need for sensors, cameras, and durable electronics, further driving the demand for bisphenol-based materials. This automotive shift is expected to sustain and potentially accelerate bisphenol market growth, fostering technological advancements tailored to the automotive sector.

• 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 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, 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.

Key companies profiled in the Bisphenol Market are INEOS Phenol, Covestro AG, Teijin Ltd., Mitsui Chemicals Inc., Bayer Material Science, Chang Chun Plastics Co., Dow Chemicals, Kumho P&B Chemicals, LG Chemical Co., Mitsubishi Chemical Holding Corp., SABIC, Altivia, Hexion, Miller-Stephenson, Inc., PTT Global Chemical Public Company Limited and others.