BISPHENOL A MARKET ANALYSIS

Market Challenges And Opportunities

Global Bisphenol A Market Drivers:

• Growing demand for polycarbonate plastics from various industries: The automotive industry, in particular, has been a major driver of the demand for polycarbonate plastics in recent years. With the increasing demand for lightweight and fuel-efficient vehicles, automakers are increasingly turning to polycarbonate plastics as a replacement for traditional materials such as glass and metal. For instance, in 2021, German automaker BMW announced that it will be using polycarbonate plastics for the first time in the rear lights of its new M4 GT3 race car, which is expected to debut in 2022.
• Increasing demand for epoxy resins from the electronics industry: The electronic industry has indeed been a major contributor to the increasing demand for epoxy resins. Epoxy resins are widely used in the electronics industry due to their excellent electrical insulation properties, high mechanical strength, and resistance to heat and chemicals. Epoxy resins are used in a range of electronic applications, including printed circuit boards (PCBs), semiconductor packaging, and electronic encapsulation in 2021, the global demand for epoxy resins witnessed a significant increase, driven by the growing demand from the electronic industry. Epoxy resins are widely used in the production of electronic components such as printed circuit boards (PCBs), semiconductors, and encapsulation materials due to their excellent electrical insulation, mechanical strength, and chemical resistance properties.

• Increasing investment in Bisphenol A (BPA): Increasing investments in bisphenol A (BPA) are projected to offer significant growth opportunities over the forecast period. For instance, in December 2021, Luxi Chemical plans to invest in constructing a 1.2Mn tons/year on bisphenol A project. Thus, the ongoing and upcoming projects of capacity expansions and investments in the field of Bisphenol A are projected to act as a market opportunity over the forecast period. Luxi Chemical China-based Company principally engaged in the manufacture and distribution of chemicals, chemical materials

Global Bisphenol A Market Restraints:

• Increasing regulations on usage of BPA: Increasing regulations on the usage of BPA is projected to act as restraint for the market of Bisphenol A (BPA). For instance, under the Commission Implementing Regulation (EU) No. 321/2011, the European government announced the prohibition of the use of BPA in the manufacture of plastic for newborn feeding bottles.
• Increasing environmental issues about environment: Growing environmental concerns over BPA is again projected to hamper the market growth. BPA can leak and damage the environment as plastic products break down. This pollution is highly dangerous, as BPA is a xenoestrogen chemical that acts as an endocrine disruptor and can lead to a variety of health problems in humans.