Chemicals Industry Today
Bisphenol A Market 2021 Key Competitors, Major Products and Services, Share Analysis, and Upcoming Trends to 2028
The global bisphenol A market size is expected to reach USD 30.52 Billion at a revenue CAGR of 5.3% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth of Bisphenol A (BPA) is attributed to increase demand for polycarbonates in automotive manufacturing. A significant volume of BPA produced worldwide is consumed in manufacturing of polycarbonate plastic, which is widely used in various end-use industries, including automotive, due to its enhanced thermal resistance and impact resistance.
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Use of polycarbonate plastic in automotive manufacturing is primarily due to growing demand for lightweight vehicles to improve fuel-efficiency. In addition, such vehicles can be easily stopped on brake application, resulting in reduced collision and safer driving experience. A typical automotive comprises polycarbonate plastic in numerous forms, such as injection molded polycarbonate (displaced glass and headlights), in combination with polybutylene terephthalate (PBT) and acrylonitrile butadiene styrene (ABS) polymers (automotive interior and under-the-bonnet uses). Use of polycarbonate also delivers better dimensional stability, excellent scratch resistance, and enhanced aesthetics to automotive.
Some Key Highlights From the Report
In July 2019, LOTTE Chemical entered into a strategic agreement with GS Energy to invest in petrochemical business. As part of this strategic joint venture, investment was made for construction of production facility to produce 200,000 tons of bisphenol A among other chemicals.
By application, the epoxy resin segment revenue is expected to grow at a significant rate over forecast period. Major benefits offered by epoxy resins include easy processing, better adhesive property, and low shrinkage while curing. In addition, epoxy resins possess excellent resistance to corrosion, heat, and water/moisture. Bisphenol A based epoxy resins are extensively used in paint and coating applications.
By industry vertical, the electronics segment contributed to significant revenue share in 2020. Polycarbonates produced from bisphenol A are used to produce DVDs and hard disks and enable electronics companies to offer innovate digital technology solutions. Ina addition, better resistance and excellent light transmission of polycarbonates has also enabled versatility in longevity and design of electronic equipment that need LED lighting.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Bisphenol A market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Some major companies in the global market report include LG Chem Ltd., Covestro AG, The Dow Chemical Company, SABIC, Kumho P&B Chemicals Inc., Mitsui Chemicals, Teijin Limited, China National Bluestar (Group) Co. Ltd., Nan Ya Plastics Corporation, and Samyang Holdings Corporation.
Key reasons to buy the Global Bisphenol A Market report:
The latest report comprehensively studies the global Bisphenol A market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Emergen Research has segmented the global bisphenol A market on the basis of application, industry vertical, distribution channel, and region:
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Epoxy Resins
- Polycarbonate Resins
- Unsaturated Polyester Resins
- Flame Retardants
- Polysulfone Resins
- Polyacrylate
- Others
- Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
- Automotive
- Electronics
- Medical
- Paints & Coatings
- Packaging
- Others
- Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
- Direct
- Indirect
Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Radical Highlights of the Bisphenol A Market Report:
Comprehensive overview of the Bisphenol A market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Bisphenol A market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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