Bisphenol A (BPA) Market Projected to Grow at a Steady Pace During 2021-2026

The newly launched report by Stratview Research, titled ‘Bisphenol A (BPA) Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026’ has been bifurcated by Application Type (Polycarbonate Resins, Epoxy Resins, Unsaturated Polyester Resins, Flame Retardants, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report Bisphenol A (BPA) market is projected to witness healthy CAGR of 6.3% over the next five years. Increasing demand for polycarbonate and epoxy resins in various end-use industries, such as construction, automotive, paints and coatings, electrical & electronics, and packaging is the major factor driving high growth potential in the market during the forecast period.
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Market Segmentation Analysis -
Based on the application type, the bisphenol A (BPA) market is segmented as polycarbonate resins, epoxy resins, unsaturated polyester resins, flame retardants, and others. The polycarbonate segment is expected to remain the dominant application of the market over the next five years. The growth of the segment is owing to the increasing usage of polycarbonate resins in building & construction and automotive industries, owing to its various benefits such as shatter resistance, lightweight, UV resistance, durability, strength and flexibility.
In terms of regions, Asia-Pacific is likely to maintain its supremacy in the market during the forecast period, mainly driven by China, Japan and India offering lucrative growth opportunities. China is the largest market for bisphenol A in the region as well as in the world, mainly driven by the presence of a large number of end-users in the country. China is among the largest markets for building and construction, automotive and electrical & electronics industries. Asia-Pacific region is also likely to exhibit the fastest growth in the market over the next five years. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players
The following are the key players in the market-
• ALTIVIA Petrochemicals LLC
• China National BlueStar (Group) Co. Ltd
• Covestro AG
• DuPont de Nemours, Inc.
• Formosa Plastics Corporation
• Hexion Inc.
• LG Chem Ltd.
• Mitsubishi Chemical Corporation
• Mitsui Chemicals, Inc.
• SABIC
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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