The Bisphenol A Market is estimated to be valued at US$ 7.61 Million in 2023 and is expected to exhibit a CAGR of 8.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Bisphenol A or BPA is an organic synthetic compound with two hydroxyphenyl groups. BPA is primarily used in the manufacturing of polycarbonate plastics and epoxy resins. Polycarbonate plastics find application in various industries such as food & beverages, consumer goods, electrical & electronics, and industrial. Epoxy resins are used for surface coatings of metals and composites. Bisphenol A provides strength, durability and transparency to polycarbonate plastics and heat and chemical resistance to epoxy resins.

Market key trends:

The Global Bisphenol A market size is witnessing high demand from polycarbonate plastics and epoxy resin industries. Polycarbonate plastics find wide usage in food & beverage packaging, consumer durables, automotive components, optical media, and electrical fittings owing to their durability, transparency and impact resistance. Epoxy resin coatings are majorly used in metal cans, pipes, and industrial flooring applications due to their resistance to water and chemicals. The growing demand for polycarbonate and epoxy resin from various end-use industries is expected to boost the bisphenol A market during the forecast period. Furthermore, increasing investments in infrastructure and construction industries in developing nations are anticipated to fuel the consumption of epoxy resin coatings thereby driving the bisphenol A market growth over the next few years.

Porter’s Analysis

Threat of new entrants: Low capital requirements and existing brands loyalty act as a barrier for new entrants in this market. Bargaining power of buyers: Large buyers have significant bargaining power due to availability of substitutes. Bargaining power of suppliers: Suppliers have moderate bargaining power due to presence of many suppliers in this market. Threat of new substitutes: Substitutes like bisphenol F and S pose threat to the bisphenol A market. Competitive rivalry: Intense competition exists among existing players.

SWOT Analysis

Strength: Wide applications in epoxy resins and polycarbonate plastics industries. Weakness: Potential health hazards associated with bisphenol A poses serious threat. Opportunity: Increasing demand for BPA-free products opens new growth avenues. Threats: Stringent regulations overuse of bisphenol A poses threats.

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