Bisphenol-A Market Forecast 2023 - 2031

By Application :

The application segment is categorized into polycarbonate resin, epoxy resin, vinyl ester resin, flame retardants, unsaturated polyester resin, and others. In 2022, the polycarbonate resin accounted for the highest market share of 35.22% in the bisphenol-A market and is also expected to grow at the fastest CAGR over the forecast period. Bisphenol-A (BPA) plays a major role in the production of polycarbonate, which is a commonly used plastic used in a multitude of industries. These resins play an important role in the formation of strong and durable products for consumer and commercial industries. In addition, polycarbonate resins are also used in the manufacturing of machine parts and electric components. Thus, owing to these benefits, the increasing demand for bisphenol-A for polycarbonate resin applications is anticipated to drive the segment growth during the forecast period.

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By End-use Industry :

The end-use industry segment is categorized into paints and coatings, adhesives, electronic and electrical, packaging, construction, and others. In 2022, the packaging segment accounted for the highest market share and the fastest CAGR over the forecast period in the overall bisphenol-A (BPA) market. Bisphenol-A (BPA) is used to produce polycarbonate plastic and epoxy resins, which are both used in a variety of food and beverage packaging materials. Polycarbonate plastic is used to make clear, durable food and beverage containers, such as water bottles, food storage containers, and baby bottles. Epoxy resins are used to coat the inside of metal food and beverage cans to protect them from corrosion and prevent the metal from leaching into the food or beverage. Hence, the high use of these materials for packaging applications in the food and beverage industry is accelerating market growth. For instance, according to the data published by the Flexible Packaging Association, the food packaging in food packaging accounts for 52% of the total shipments in the U.S.

By Distribution Channel :

The distribution channel segment is categorized into direct and indirect. In 2022, the indirect segment accounted for the highest market share and is also projected to grow at the fastest CAGR over the forecast period. The segment growth is driven by the increasing demand from various end-user industries, such as construction, automotive, and electronics. The market is highly fragmented, with a large number of small and medium-sized enterprises (SMEs) operating in the market. These SMEs often rely on distributors to reach their target markets. As a result, the aforementioned factors are contributing to the segment growth.

By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

In 2022, the Asia Pacific region accounted for the highest market share at 52.50% valued at USD 11,915.13 Million in 2022 and USD 12,360.34 Million in 2023, it is expected to reach USD 18,063.28 Million in 2031. In Asia Pacific, China accounted for the highest market share of 29.50% during the base year of 2022. The growing demand for electric vehicles in the region is driving the demand for BPA-based plastics, that are used in the production of electric vehicle batteries. In addition to this, the rapidly growing paint and coatings industry is one of the major factors proliferating the demand for bisphenol-A (BPA) in the region. For instance, according to the report published by the American Coatings Association, China accounted for approximately 28% of the global paints and coatings industry. However, Europe is anticipated to grow at the fastest CAGR over the forecast period.