Bisphenol Market - Forecast(2024 - 2030)

Report Code: CMR 1216 Report Format: PDF + Excel

Bisphenol Market Overview

Bisphenol market size is forecast to reach $49.2 billion by 2030, after growing at a CAGR of 5.7% during 2024-2030. The bisphenol market, particularly focused on Bisphenol A (BPA), is undergoing significant transformation driven by evolving consumer preferences, regulatory changes, and technological advancements. One major trend is the increasing demand for BPA alternatives such as Bisphenol S (BPS) and Bisphenol F (BPF), due to growing health concerns associated with BPA’s estrogen-mimicking properties. This shift is particularly evident in sectors like thermal paper, food packaging, and water bottles, where safety and regulatory compliance are paramount. 

Additionally, there is a notable trend towards the development and adoption of bio-based bisphenols, as industries aim to reduce their environmental footprint and adhere to sustainability goals. Technological advancements are also playing a crucial role, with innovations in production processes enhancing efficiency and reducing costs. In the electronics and automotive sectors, the demand for high-performance materials continues to drive the use of bisphenols in polycarbonate plastics and epoxy resins. Regional market dynamics are shifting, with Asia-Pacific emerging as a significant growth hub due to rapid industrialization and urbanization. However, ongoing regulatory scrutiny and potential health risks continue to challenge the market, driving the need for continuous research and development of safer and more sustainable alternatives.

Market Snapshot:

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COVID-19 Impact

  • The COVID-19 pandemic significantly impacted the Bisphenol market, leading to fluctuations in supply and demand dynamics worldwide. As lockdown measures were enforced and economic activities slowed, the consumption of Bisphenol, 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 Bisphenol producers and suppliers. However, the pandemic also spurred certain shifts in the market, such as increased demand for Bisphenol-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 Bisphenol-containing materials for disposable medical supplies and food packaging. Despite these adaptations, the overall impact of COVID-19 on the Bisphenol 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 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.

Report Coverage

The report “Bisphenol Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Bisphenol 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 Type: Bisphenol-A (BPA), Bisphenol-S (BPS), Bisphenol-F (BPF), Bisphenol-B (BPB), BisphenolF (BPAF), BisphenolP (BPAP), 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)

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Key Takeaways

  • Epoxy resins and other plastics are made from Bisphenol. Plastic from Bisphenol 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 Bisphenol 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, 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.

Bisphenol Market Analysis - Application

Polycarbonate Resins segment holds the largest share in Bisphenol 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.

Bisphenol Market Analysis - Type

Bisphenol-A dominates the market accounting for 58.3% of the market in 2023. However, Bisphenol S (BPS) is projected to grow at the fastest rate. As a substitute for Bisphenol A (BPA), BPS is experiencing increased demand due to rising concerns about BPA's health effects and regulatory restrictions. Major trends in the BPS market include its growing application in thermal paper, which is used for receipts and labels, as BPS offers similar performance without the same regulatory challenges as BPA. Additionally, the shift towards BPS in the production of polycarbonate plastics and epoxy resins is notable, driven by the need for safer alternatives in consumer products and packaging. The market is also witnessing advancements in technology to enhance the production efficiency and environmental impact of BPS manufacturing. However, ongoing research into the health impacts of BPS is crucial, as initial studies suggest it may share similar endocrine-disrupting properties with BPA, influencing future market dynamics and regulatory responses.

Bisphenol Market Analysis - Geography

North America dominated the Bisphenol Market share with more than 51% in 2023, followed by APAC and Europe. This year, Bisphenol 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. 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 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.

Bisphenol Market Drivers

Growing Demand for Polycarbonate Plastics and Epoxy Resins:

The global bisphenol market is significantly driven by the demand for polycarbonate plastics and epoxy resins. Polycarbonate plastics, known for their durability, clarity, and heat resistance, are extensively used in industries such as automotive, construction, electronics, and consumer goods. Epoxy resins, known for their strong adhesive properties and resistance to chemicals and heat, are vital in coatings, adhesives, and composite materials. As industries continue to innovate and expand, the need for high-performance materials keeps the demand for bisphenols high. The automotive industry's shift towards lighter and more fuel-efficient vehicles, for instance, drives the need for polycarbonate components.

Regulatory and Consumer Shift Towards Safer Alternatives:

Increasing awareness of the health risks associated with BPA has led to regulatory actions and a consumer shift towards safer alternatives. This has accelerated the demand for bisphenol substitutes such as BPS and BPF. Regulatory bodies in Europe and North America have imposed stringent guidelines on the use of BPA in consumer products, driving manufacturers to adopt safer bisphenols. Moreover, the growing trend of eco-friendly and sustainable products has pushed companies to innovate and develop bio-based bisphenols, further propelling market growth.

Bisphenol Market Challenges

Health and Environmental Concerns:

Despite the growth drivers, the bisphenol market faces significant challenges due to health and environmental concerns. Bisphenols, particularly BPA, are known for their endocrine-disrupting properties, which can lead to various health issues. The potential risks have led to increased regulatory scrutiny and a demand for thorough safety evaluations of alternative bisphenols like BPS and BPF. Additionally, environmental concerns regarding the production and disposal of bisphenols add to the complexity, as industries seek to minimize their ecological footprint. Addressing these concerns requires substantial investment in research and development, as well as adherence to stringent regulatory standards, posing a challenge to market growth.

Bisphenol Industry Outlook

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

  1. INEOS Phenol
  2. Covestro AG
  3. Teijin Ltd.
  4. Mitsui Chemicals Inc.
  5. Bayer Material Science
  6. Chang Chun Plastics Co.
  7. Dow Chemicals
  8. Kumho P&B Chemicals
  9. LG Chemical Co.
  10. Mitsubishi Chemical Holding Corp.

Recent Developments

  • 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.

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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 
    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
    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
            11.5.1.1 Saudi Arabia
            11.5.1.2 The UAE
            11.5.1.3 Israel
            11.5.1.4 The Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 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
    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
15. Bisphenol Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 INEOS Phenol
    15.2 Covestro AG
    15.3 Teijin Ltd.
    15.4 Mitsui Chemicals Inc.
    15.5 Bayer Material Science
    15.6 Chang Chun Plastics Co.
    15.7 Dow Chemicals
    15.8 Kumho P&B Chemicals
    15.9 LG Chemical Co.
    15.10 Mitsubishi Chemical Holding Corp.
* "Financials would be provided to private companies on best-efforts basis."
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