Increasing adoption of lightweight but strong plastic products is propelling the market for bisphenol A!

• Vikas Kumar
• January 14, 2023
• CHEMICAL, NEWS
• Asia bisphenol A market, bisphenol A, bisphenol A market, bisphenol A market analysis, bisphenol A market forecast, bisphenol A market growth, bisphenol A market share, bisphenol A market size, bisphenol A market trend, Europe bisphenol A market, Middle east bisphenol A market, US bisphenol A market
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The global bisphenol A market is likely to showcase a growth of around 6% during the forecast period. Bisphenol A is widely consumed in the manufacturing process of polycarbonates. As the world is moving toward lightweight products which simultaneously provide high strength. As a result, the consumption of polycarbonates is increasing across industries, especially in automotive and electrical & electronics. This in turn propels the demand for bisphenol A.

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Global demand for bisphenol A has maintained a stable path over the years due to robust growth in emerging economies like China and India. The presence of large bisphenol A end-use industries in these countries owing to high growth opportunities, low manufacturing costs along with less stringent governmental regulations is boosting the demand for bisphenol A. Further, the increasing adoption of high-performance plastics including polycarbonates over metals and glass owing to polycarbonate’s low weight and high strength is supporting the bisphenol A market. Bisphenol A is an industrial chemical used to make a hard and clear polycarbonate therefore without using bisphenol A, the plastic will not obtain all the properties which make it the industry’s preferred material. However, stringent regulation on the use of bisphenol A owing to its possible health effects on the brain and prostate gland of fetuses, infants, and children, can provide a hindrance to its growth. For instance, the new EU bisphenol A regulation reduces the specific migration limit for bisphenol A from 0.6 mg/kg to 0.05 mg/kg and expands the ban on the use of bisphenol A in the manufacture of polycarbonate infant feeding bottles to polycarbonate drinking cups or bottles.

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Based on application, the market is categorized into polycarbonates, epoxy resins, and others. During the forecast period, polycarbonates are expected to showcase robust growth owing to the increasing focus of automotive companies on reducing vehicle weight which not only increases vehicle efficiency but also aids in sustainability. Since polycarbonates are a lightweight substitute for heavy metals and glass, therefore the industry is increasingly adopting polycarbonates in the vehicle interior and exterior applications.

For a better understanding of the market adoption of bisphenol A, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The Asia-Pacific region is likely to showcase robust growth during the forecast period. This can be ascribed to the region bisphenol A end-use industry growth which is outpacing the industrial growth of other regions. Further, increasing manufacturing space in the regional economies as the region is able to attract international manufacturers due to its manufacturing supportive policies is fueling the market growth.

Global Bisphenol A Market Segmentation

Market Insight, by Application

• Polycarbonates
• Epoxy Resins
• Others

Market Insight, by Region

• North America Bisphenol A Market
  • The United States
  • Canada
  • Rest of North America
• Europe Bisphenol A Market
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia-Pacific Bisphenol A Market
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of World Bisphenol A Market

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