Dublin, Nov. 13, 2023 (GLOBE NEWSWIRE) -- The "Global Bisphenol S Market Analysis: Plant Capacity, Location, Production, Operating Efficiency, Demand & Supply, End Use, Regional Demand, Company Share, Sales Channel, Manufacturing Process, Industry Market Size, 2015-2032" report has been added to ResearchAndMarkets.com's offering.
The demand for Bisphenol S is on the rise, with an expected increase from 52.0 thousand tonnes in 2022 to 81.21 thousand tonnes by 2032, growing at a robust CAGR of 4.52%.
Bisphenol S is gaining popularity as a safer alternative to Bisphenol A (BPA), particularly in thermal paper and epoxy production, due to its lower acidity and reduced harm. Thermal paper, which makes up more than 42% of Bisphenol S demand, is driven by the growing importance of labeling in the food and beverage industry, along with increased online shopping. Additionally, the use of Bisphenol S in epoxy resins for aesthetic purposes and in polyurethane systems for enhanced strength and durability is fueling market growth. The European market is experiencing exponential demand growth due to health concerns associated with BPA, leading to regulatory bans, while Asia-Pacific, with its manufacturing boom and government initiatives, is expected to contribute significantly to market growth.
In North America, Bisphenol S is being used as an indirect food additive in the production of polyethersulfone resins. Solvay, a key player, manufactures Bisphenol S for thermal paper production and as an intermediate in sulphone polymers to meet the rising demand from industries such as automotive, aerospace, and electronics. The region also benefits from changes in regulations by the USFDA, discontinuing the use of BPA-based polycarbonate resins in baby bottles and sippy cups, which has driven demand for Bisphenol S. With the global economy recovering and increased manufacturing activities, the Bisphenol S market is poised for further growth, driven by surging consumer demand and various initiatives like 'Make in India' and industrialization in countries like Vietnam.
This comprehensive report provides insights into the global Bisphenol S market, covering various aspects such as demand, supply, growth trends, and industry analysis.
Key Highlights:
- Demand Growth: Bisphenol S demand reached 52.0 thousand tonnes in 2022 and is projected to grow at a healthy CAGR of 4.52% until 2032, reaching 81.21 thousand tonnes. Bisphenol S is gaining momentum as an alternative to Bisphenol A (BPA) in thermal paper manufacturing and epoxy production due to its lower perceived harm.
- Applications: Bisphenol S finds applications in Heat Sensitive Developers, Polymer Modifiers, Flame Retardants, Water Soluble Resins, Thermosetting Resins, and more. Heat Sensitive Developers, used in the production of Thermal Papers, generate over 42% of the demand. Increasing online shopping and labeling needs in the food & beverage industry drive the consumption of thermal papers.
- Global Expansion: The demand for Bisphenol S is growing rapidly in Europe as concerns about the health hazards of Bisphenol A (BPA) lead to regulatory bans. In North America, Bisphenol S is replacing BPA in various applications. Asia-Pacific is expected to witness strong market growth, driven by manufacturing activities and government initiatives.
- Key Players: Major players operating in the Bisphenol S market include BASF SE, Konishi Chemical Ind. Co., Ltd., Solvay S.A., Nisso Metallochemical Co., Ltd., and more.
Years Considered for the Report:
- Historical Period: 2015-2021
- Base Year: 2022
- Estimated Year: 2023
- Forecast Period: 2024-2032
This report provides a detailed analysis of the Bisphenol S market, including production capacity, operating efficiency, demand by end-use, regional demand, and more. It is delivered on an online digital platform with a one-year subscription and quarterly updates.
Objective of the Study:
- Assess the demand-supply scenario of Bisphenol S, covering production, demand, and supply globally.
- Analyze and forecast the market size of Bisphenol S.
- Classify and forecast the global Bisphenol S market based on technology, end-use, and regional distribution.
- Identify drivers and challenges for the global Bisphenol S market.
- Examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global Bisphenol S market.
Report Scope:
This report covers the following aspects:
- Industry Market Size: Essential for understanding the overall size and growth potential of the Bisphenol S market in terms of value and volume.
- Capacity By Company: Provides insights into manufacturers' current and future operation capacity for Bisphenol S.
- Capacity By Location: Helps understand the regional supply of Bisphenol S by analyzing manufacturers' location-based capacity.
- Plant Operating Efficiency [Quarterly Update]: Determines the percentage of manufacturers' plant operation or capacity usage.
- Production By Company [Quarterly Update]: Analyzes historical annual production of Bisphenol S by leading players and forecasts future growth.
- Demand by End-Use [Quarterly Update]: Examines the demand for Bisphenol S across various end-user industries.
- Demand by Region: Analyzes regional changes in Bisphenol S demand, providing insights into regional demand patterns.
- Demand by Sales Channel (Direct and Indirect): Examines the distribution channels used to sell Bisphenol S.
- Demand-Supply Gap: Identifies the trade surplus or deficiency of Bisphenol S.
- Company Share: Reveals the market share held by leading players in the Bisphenol S market.
- Manufacturing Process: Provides insights into the complex manufacturing process of Bisphenol S.
- Pricing Analysis & Forecast: Analyzes historical prices since 2015 and forecasts for the next 12 months.
For more information about this report visit https://www.researchandmarkets.com/r/njiixv
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