Bisphenol A Market Summary
As per Market Research Future Analysis, the global Bisphenol-A market was valued at USD 18.1 billion in 2022 and is projected to reach USD 30.78 billion by 2030, registering a CAGR of 5.16% during the forecast period. Bisphenol A (BPA) is primarily used in the production of polycarbonate plastics and epoxy resins, which are essential in various industries including electronics, automotive, and packaging. The increasing demand for BPA in these sectors, particularly for lightweight and fuel-efficient vehicles, is a significant growth driver. However, health concerns regarding BPA as an endocrine disruptor and stringent regulations in food contact applications may hinder market growth. The Asia-Pacific region held the largest market share in 2018 and is expected to continue leading due to high demand in electronics and automotive industries.
Key Market Trends & Highlights
Key trends influencing the Bisphenol-A market include high demand in various industries and regulatory challenges.
- Market size in 2022: USD 18.1 billion; projected to reach USD 30.78 billion by 2030.
- CAGR during forecast period: 5.16%; driven by demand in electronics and automotive sectors.
- Asia-Pacific held the largest market share in 2018; expected to register the highest CAGR.
- 75% of the market share in 2018 was attributed to polycarbonate plastics.
Market Size & Forecast
| 2022 Market Size | USD 18.1 billion |
| 2030 Market Size | USD 30.78 billion |
| CAGR | 5.16% |
Major Players
Convestro AG (Germany), KUMHO P&B CHEMICALS., INC (South Korea), LG Chem (South Korea), Mitsui Chemicals (Japan), SABIC (Saudi Arabia), NAN YA PLASTICS CORPORATION (Taiwan), TEIJIN LIMITED. (Japan), Chang Chun Group (China), Vinmar International (US), China National Bluestar (Group) Co, Ltd (China), SAMYANG HOLDINGS CORPORATION (South Korea)
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