Sep 2, 2021   SOURCE: BusinessWire

Global Bisphenol A Market (2021 to 2026) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com

The "Bisphenol A (BPA) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The Global Bisphenol A (BPA) Market is projected to register a CAGR of over 5% during the forecast period (2021-2026).

Companies Mentioned

  • Altivia
  • China National BlueStar (Group) Co. Ltd
  • Covestro AG
  • DuPont
  • NAN YA PLASTICS CORPORATION
  • Hexion
  • KUMHO P&B CHEMICALS.,INC.
  • LG Chem
  • Mitsubishi Chemical Corporation
  • Mitsui Chemical Inc.
  • SABIC
  • SAMYANG HOLDINGS CORPORATION

Key Market Trends

Increasing Demand for Polycarbonate Resins

  • Among all other applications, polycarbonate resins application provides the major market demand for BPA, with more than 70% of the global share.
  • Polycarbonates are high-performing thermoplastic that is widely used in building and construction applications. Polycarbonate sheets are used as a substitute for glass, in a variety of skylight and window applications. They are also used as opaque cladding panels, barrel vaults, canopies, translucent walls, facades and signage, sports stadium roofs, louvers, and roof domes.
  • The application of polycarbonate materials has highly increased in greenhouses, in the recent years. In Europe, countries, such as Germany, the Netherlands, Spain, and France, have larger areas for greenhouse cultivation.
  • The increasing popularity of polycarbonates, owing to their advantages over other conventional materials (which include glass and other plastics), is set to drive the polycarbonate market during the forecast period.
  • Additionally, in the automotive industry, polycarbonates allow for energy absorption, weight reduction, shock absorption for bumpers, restriction of explosion risks in fuel tanks, seat belts, airbags, door and seat assemblies, subsystems, bumpers, under-bonnet components, exterior trim, and various other applications. Currently, to manufacture a typical four-wheel vehicle, 10 kg of polycarbonate is used in various forms.
  • According to OICA, the automobile production has declined by 5.2% in 2019 compared to 2018 and by 23% in the first nine months of 2020 compared to same period in 2019.
  • All the aforementioned factors are expected to show significant impact on the market growth during the forecast period

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market and also likely to register the highest CAGR during the forecast period.
  • China is one of the major countries in Asia-Pacific with ample construction activities, with the industrial and construction sectors accounting for approximately ~50% of the GDP.
  • China is promoting and undergoing a process of continuous urbanization, with a target of 60% in 2020. The increased living spaces required in the urban areas resulting from urbanization and the desire of middle-class urban residents to improve their living conditions may have a profound effect on the housing market, and thereby, increase the residential construction in the country.
  • The construction industry in India is expected to slow down in the 2020-2021 financial year due to COVID-19, but the lion share of projects in commercial space is likely to continue even during this period, as they are either in public, private partnership (like a smart city) or public projects, which are already budgeted. But in the long run the sector is expected to grow with high growth rate.
  • In residential segment, the government is pushing huge projects in the next few years. The government's 'Housing for All' initiative aims to build more than 20 million affordable homes for the urban poor by 2022. This will provide a significant boost to residential construction, which will account for more than third of the industry's total value by 2023.
  • According to OICA, the total number of automobiles produced in the year 2019 by countries China and India are 25.72 million units and 4.51 million units, however, declined by around 6.6% and 38.4% respectively in the first nine months of 2020 compared to same period in 2019.
  • Owing to the aforementioned factors, Asia-Pacific region is expected to show slow growth over the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Strong Demand for Polycarbonate Plastics

4.1.2 Rising Demand for Epoxy Resins from Various End-user Industries

4.2 Restraints

4.2.1 Ban on BPA in Food Contact Materials in the United States and Europe

4.2.2 Rising Concerns over Health Hazards Posed by BPA

4.2.3 Impact of COVID-19 Outbreak

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

4.5 Feedstock Analysis

4.6 Technological Snapshot

4.7 Trade Analysis

4.8 Price Analysis

4.9 Regulatory Policy Analysis

5 MARKET SEGMENTATION

5.1 Application

5.2 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share Analysis/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Untapped Market of BPA in Rotor-blade Composites

7.2 Other Opportunities

For more information about this report visit https://www.researchandmarkets.com/r/dyw46w