Bisphenol A (BPA) is a synthetic compound and obtained from styrene, acrylonitrile, & butadiene. It is used to make epoxy resins and plastics. Plastics made from BPA offer durability, simple processing, resistance to heat & chemicals, and some other advantages. Hence, they are employed in the manufacture of various consumer goods.
In 2013, bisphenol A (BPA) market volumes stood 7,010 kilo tons. They are projected at around 9, 620 kilo tons by 2020. Global market revenues should reach around USD 20 billion by 2020. BPA is mainly used to produce polycarbonates. The latter faces high demand from consumer goods and medical devices. This coupled with BPA’s applications in the automotives and construction industries will prove lucrative for the market.
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Economic expansion could greatly shape future BPA prospects. Extensive research & developments are estimated to open novel opportunities for the bisphenol A (BPA) market. However, high BPA usage can lead to serious health issues. This has prompted some nations to ban it. Such prohibitory regulations coupled with public awareness regarding BPA’s injurious effects hinder the market.
The market is segregated into applications and regions. Application segments include polycarbonates, epoxy resins, and others. Polycarbonates dominated the market in 2013 in terms of production and consumption. They accounted for 5, 090 kilo tons that year. Epoxy resins stood second in 2013, with 1, 415 kilo tons. ‘Others’ comprises flame retardants, polyacrylates, unsaturated polyester resins, polyetherimides, and polysulfone resins.
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Regions wise, the bisphenol A (BPA) market is divided into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America and Europe have remained the key markets. However, health concerns have adversely affected the demand in these regions. Canada and the European Union have banned the use of polycarbonate resins in baby bottles.
Baby bottles have been withdrawn in the U.S. All these developments should result in less than average growth for North America and Europe (CAGRs of 4.5% & 4.3% respectively) over the next six years. Asia Pacific captured more than 50 % shares in 2013. Its strength lies in the presence of affordable labor & materials.
The worldwide bisphenol A (BPA) market is moderately fragmented. Its leading players include Dow Chemicals, SABIC Innovative Plastics, Bayer Material Sciences, and Mitsui Chemicals.
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