PUBLISHER: Grand View Research | PRODUCT CODE: 1552588
PUBLISHER: Grand View Research | PRODUCT CODE: 1552588
The global bisphenol A market size is expected to reach USD 27.27 billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030, according to a new study by Grand View Research, Inc. Bisphenol A (BPA) is largely used for the production of polycarbonates and growing demand of polycarbonates in consumer goods and medical devices is expected to be a key driver for the market. In addition, the growing construction industry and growing BPA demand in automobile industry are expected to further augment market growth. However, health hazards associated with the use of BPA resulting in regulatory pressure is expected to be a key challenge for the industry over the next six years.
Polycarbonate was the largest application segment accounting for 5,083.5 kilo tons of BPA demand in 2013; followed by epoxy resin applications, with market volume estimated at 1,414.7 kilo tons in 2013. Superior performance of epoxy resins, in terms of thermal stability, corrosion protection and mechanical strength for industrial applications is expected to reflect in BPA demand; as a key monomer for these resins.