Global Bisphenol-A Market growing at a CAGR of 4.1% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Oct 2023
Key Market Overview
Consegic Business Intelligence analyzes that the bisphenol-A market is predicted to grow at a compound annual growth rate of 4.1% from 2023 to 2031 and is expected to reach USD 32,342.49 million in 2031 and 23,521.11 million in 2023 which was valued at USD 22,695.49 million in 2022.
The report highlights the growing demand for polycarbonate resins and epoxy resins across the globe, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the bisphenol-A market.
Global Bisphenol-A Market By Overview
The bisphenol-A market is bifurcated into the application, end-use industry, and distribution channel. Based on application, the market is segmented into polycarbonate resin, epoxy resin, vinyl ester resin, flame retardants, unsaturated polyester resin, and others. In 2022, the polycarbonate resin segment accounted for the highest market share in the overall bisphenol-A market. Based on end-use industry, the market into paints and coatings, adhesives, electronic and electrical, packaging, construction, and others. In 2022, the packaging segment accounted for the highest market share in the overall bisphenol-A market. On the basis of distribution channel, the market is segmented into direct and indirect. In 2022, the indirect segment dominated the overall bisphenol-A market.
Get Free SampleMarket Dynamics
Driver:
- High demand for polycarbonates and epoxy resins is fostering the bisphenol-A market growth.
- Increasing use of bisphenol-A in paints and coatings is fostering market growth.
Restraints:
- Toxicity and carcinogenic properties of bisphenol-A is restricting the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Applications | Polycarbonate Resin, Epoxy Resin, Vinyl Ester Resin, Flame Retardants, Unsaturated Polyester Resin, and Others |
| By End-use Industry | Paints and Coatings, Adhesives, Electronics and Electricals, Packaging, Construction, and Others |
| By Distribution Channel | Direct and Indirect |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the research, Mitsubishi Chemical Corporation, LG Chem, and BASF SE are the major market players that comprise the latest market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more efficient, and cost-effective. Further, the bisphenol-A market is expected to grow steadily due to the increasing product usage in various construction and electronics applications. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- BASF SE
- KUMHO P&B CHEMICALS., INC
- LG Chem
- NAN YA PLASTICS CORPORATION
- Hex ion
- Mitsubishi Chemical Corporation
- Convector AG
- Glen ham Life Sciences