Bisphenol F Market - Forecast(2024 - 2030)

Bisphenol F Market size is forecast to reach $XX million by 2025, after growing at a CAGR of XX% during 2020-2025, owning to increasing demand for bisphenol F in manufacturing epoxy resin. Purity of bisphenol F is essential to improve the properties of polymer made by epoxy resin. Epoxy resins based on the bisphenol- F are widely used in formulations for adhesives, coatings, laminates, and encapsulants. Increasing penetration of composites, emerging demand from developing countries, and revolutionary advancements in weight reduction and safety is driving epoxy resins demand, which in turn is driving bisphenol F market growth.

The report: “Bisphenol F Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Bisphenol F Industry. 

By Product Form: High Viscosity, and Low Viscosity.

By Application: Epoxy Resin, Polycarbonate, Phenol-formaldehyde Resin and others.

By Geography: North America, South America, Europe, APAC, and RoW.

Epoxy resin held the largest share in the bisphenol F market growth in 2019 and is growing at a CAGR of XX%. Bisphenol F epoxy resin possesses low viscosity (2,000-3,000 m Pa) and is used in solvent free or high solids coatings, flooring, linings, impregnation, molding, laminates, as well as in some high-performance fiber reinforced composite systems. Bisphenol F epoxy resins help in the development several properties in coatings, such as strength, durability, and chemical resistance. Its properties and abilities of quick drying, toughness, excellent adhesion, good curing, abrasion resistance, and excellent water-resistivity, make it suitable for providing enhanced protection to metals and other surfaces. Bisphenol F epoxy powder coatings are used on washers, dryers, and other white goods, on steel pipes and fittings used in the oil and gas industry, water transmission pipelines, and concrete reinforcing rebar, due to their flexible applicability. 

Asia Pacific region held the largest share in the conductive coatings market in 2019 up to 30%, owing to the thriving electronics industry, economic growth, increasing population and per capita income in the region. With rise in population the demand for electronic gadgets and consumer goods is also increasing significantly in the region. Also, due to increasing demand for electronic and information technology the production rate is increasing in the various Asia Pacific regions such as India, China and Japan. According to Electronic Industries Association of India (ELCINA), the total production of electronics sector in India was Rs.3,87,525 crore in 2017-18, compared to Rs.3,17,331 crore in 2016-17, exhibiting a growth of about 22%. According to Invest India, by 2025, India could create a digital economy of $800 billion to $1 trillion, and India’s digital economy could fuel 18–23% of overall economic activity by 2025.  According to Japan Electronics and information Technology Industries Association, in 2019 Japan produced a total of 509,264-million-yen consumer electronic equipment. Epoxy resins are extensively used in electrical and electronics industry. As bisphenol F improves the performance of polymer made by epoxy resin, its demand is also increasing with expansion of electrical and electronics industry in the region.

Bisphenol F is used in the manufacturing of plastics and epoxy resins. It is used in the industry as a way of increasing the thickness and durability of materials. It is used in the production of tank and pipe linings, industrial floors, road and bridge deck toppings, structural adhesives, grouts, coatings and electrical varnishes. The building and construction activities is increasing in countries, such as India and China due to economic reforms and rising per capita income of the individuals. The construction work of four-lane Bridge including approaches over River Brahmaputra between Dhubri on North Bank in Assam and Phulbari on South Bank in Meghalaya is being taken up by India with loan assistance from Japan International Cooperation Agency (JICA).  The construction period is 7 years and 9 months and the projected date of completion is in the year 2026-27. Bangladesh through India-Japan Development Cooperation is planning to enhance the connectivity by way of four-laning of road, reconstruction of bridges on the Ramgarh to Baraiyarhat stretch, and by constructing the Jamuna Railway Bridge over the Januma River. China started an initiative One Belt, One Road for forging infrastructure and facilities networks by building efficient transport routes connecting major seaports along the belt and road. Moreover, in India, the government has initiated projects, such as ‘100 smart cities’ and ‘Housing for All by 2022,’ which are expected to drive the Indian residential construction market over the forecast period. According to Australian trade and investment commission, Singapore government spends at least S$2 billion on public infrastructure each month. Also, the government projected Singapore’s average construction demand for 2018 and 2019 between S$26 billion to S$35 billion. According to International Trade Administration (ITA), the construction value of China in 2018 was USD 893.58 and it is forecasted to reach USD 968.06 by 2019. Also, the Chinese construction industry is forecasted to grow at an annual average of 5% in real terms between 2019 and 2023. Such government’s initiatives are leading to increased building and construction activities in the region, which in turn is supporting bisphenol F market growth.

Exposure to endocrine disruptors such as bisphenols (BPs), for example, bisphenol A, bisphenol S and bisphenol F in early life may contribute to obesity. Bisphenols are found in lots of household products including food packaging, drink containers, lotions, toys, plastic PVC flooring and water pipes. Human exposure to these chemicals has been linked to serious adverse health outcomes including cardiovascular disease, abnormal sperm morphology/sperm DNA damage, miscarriage, early puberty, diabetes and obesity. Therefore, these factors are restraining market growth.

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Bisphenol F Market. In 2019, the market of Bisphenol F Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Bisphenol F market DIC Corporation, HONSHU CHEMICAL INDUSTRY Co., Ltd., Daelim chemical Co. Ltd., Gunei Chemical Industry Co., Ltd., and Emtco Ltd., among others.