Bisphenol A Prices December 2023
Product
|
Category |
Region |
Price |
Bisphenol A |
Petrochemicals |
USA |
1489 USD/MT |
Bisphenol A |
Petrochemicals |
Japan |
1168 USD/MT |
Bisphenol A |
Petrochemicals |
Saudi Arabia |
1267 USD/MT |
The price of Bisphenol A in the United States for Q4 2023 reached 1489 USD/MT in December. BPA demand increased, resulting in higher prices due to transportation challenges caused by the global shipping crisis. Red Sea attacks caused delays, tightening the supply-demand balance and causing a price increase.
Japan Bisphenol A prices remained low due to decline in upstream crude oil and feedstock phenol and acetone, as well as weaker procurement from other end-use industries, all contributed to lower bisphenol A production costs in the domestic market. Th Q4 2023 Bisphenol A price was 1168 USD/MT.
Saudi Arabia experienced the most price changes as demand for downstream polycarbonates and epoxy resins increased in the end-use construction industry while remaining moderate in other industries, resulting in a stable market situation. The Q4 2023 Bisphenol A price is 1267 USD/MT.
Bisphenol A Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Bisphenol A Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of bisphenol A pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of bisphenol A at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of bisphenol A price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing bisphenol A price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Bisphenol A Market Analysis
The global Bisphenol A market size reached US$ 23.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 37.4 Billion, at a projected CAGR of 5.30% during 2023-2032.
- The bisphenol A market is primarily driven by its growing demand in automotive industries. Bisphenol A is a key building block in the production of polycarbonate plastics, which are widely used in the automotive industry for applications such as headlamp lenses, instrument panels and exterior body parts. According to a report by Association of European Automobiles, in 2022, 85.4 million motor vehicles were produced worldwide, which is larger by 5.7% from 2021. This growth in automotive industry is expected to continue gradually in the coming years further propelling the Bisphenol A market further across the world.
- The growing electronic industry is also a major contributor to the increasing demand of epoxy resins. BPA is an important ingredient in the production of polycarbonate plastics and epoxy resins. Epoxy resin is generally used in the electronics industry because of its excellent electrical insulation properties, high mechanical strength and resistance to heat and chemicals. Epoxy resins are mainly used in a range of electronic applications like Printed Circuit Boards, semiconductor packaging and electronic encapsulation. According to a report published by United Stated International Trade Commission, McKinsey states that global semiconductor sales reached an all-time high in 2022, reaching $574 billion. Logic chips, which process information, and memory chips store it, accounted for over half of sales. The market is projected to double in value by 2030, with computing, data storage, wireless communication, and automotive electronics leading industry growth.
- Furthermore, the increase in investments in Bisphenol A is projected to offer significant growth opportunities for the market. For instance, according to the Global Data 2021, Asia is a key player in the global Bisphenol A market, with over $1 billion being spent on nine projects between 2021 and 2025. The main capex spending is on the Reliance Industries Jamnagar Bisphenol A Plant, with a capacity of $0.40 billion. In line with this, the former Soviet Union follows with $0.13 billion on Omsky Kauchuk Omsk Bisphenol A Plant, with a capacity of 0.12 mtpa. China is also a major player in global capex spending. These investments are creating a great market opportunity for Bisphenol A, hence driving its market growth.
Bisphenol A News
The report covers the latest developments, updates, and trends impacting the global bisphenol A market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in bisphenol A production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the bisphenol A price trend.
Latest developments in the Bisphenol A industry:
- In 2024, the Saudi Basic Industries Corporation (SABIC) has announced its plan to build a $6.4 billion petrochemical complex in Fujian, China. The construction of the petrochemical complex is expected to start in 2024 and operations will be started in 2026. SABIC holds a 51% stake in the project finance through debt and cash flows.
- In 2023, INEOS acquires Mitsui Chemical’s phenol production facilities in Singapore for 330 million USD, marking its first venture into Asia and expanding its global footprint in phenol manufacturing. The move is part of Mitsui's restructuring efforts and long-term business plan focusing on the circular economy.
Product Description
Bisphenol A also known as BPA is a type of synthetic organic compound which belongs to the group of diphenylmethane derivatives and bisphenols, with the chemical formula (CH₃) ₂C(C₆H₄OH)₂. It is produced through a condensation reaction between phenol and propanone (acetone) with an acid catalyst such as hydrochloric acid. Polycarbonate plastic is made from bisphenol A (BPA). Polycarbonate plastic is used to manufacture hard plastic items such as baby bottles, reusable water bottles, food containers, pitchers, tableware, and storage containers. BPA is also present in epoxy resins, which serve as a protective lining on the inside of some metal-based food and beverage cans. Bisphenol A (BPA) is an extremely well-studied building-block chemical that is primarily used to make long-lasting epoxy resins and strong, clear polycarbonate plastic. For decades, polycarbonate plastic and epoxy resins have been used to strengthen products intended for human health and safety.
Regional Coverage
The report provides a detailed analysis of the bisphenol A market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the bisphenol A price trend.
Global Bisphenol A Price
The report offers a holistic view of the global bisphenol A pricing trends in the form of bisphenol A price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of bisphenol A but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed bisphenol A demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Bisphenol A Price
Bisphenol A (BPA) prices in the Europe region experienced mixed sentiment in Q4FY23. The first two months saw a sharp decline due to low crude oil and weak demand from industries like automobiles and construction. The market situation remained bearish, with moderate supply and sufficient inventories meeting demand. In December, BPA demand rose due to transportation challenges from the global shipping crisis, and ongoing Red Sea attacks caused delays and a price surge.
This analysis can be extended to include detailed Bisphenol A price information for a comprehensive list of countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Bisphenol A Price
Bisphenol A (BPA) prices in the USA fluctuated in Q4 2023, with prices dropping due to increased inventories in China and Middle Eastern Asian routes. European routes saw declining costs, while Asian routes saw stable freight charges. In December, BPA demand rose due to global shipping challenges and the construction industry's growth trend, leading to price hikes. The situation was influenced by the Golden Week holidays in China and the slowdown in the paints, coatings, and plastic industries.
Specific bisphenol A historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Bisphenol A Price
In the MEA region, Bisphenol A prices fluctuated in Q4 2023 due to oversupply of cheaper imports from China, low demand from downstream industries, and limited availability of upstream raw materials. Saudi Arabia experienced maximum changes in prices due to increased demand for polycarbonates and epoxy resins in the end-use construction industry. The real estate market's decline and housing contraction impacted the downstream construction sector.
In addition to region-wise data, information on Bisphenol A prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Bisphenol A Price
Bisphenol A prices in Asia-Pacific experienced a decline in Q4FY23 due to weak support from feedstock phenol and acetone, and subdued downstream demand. The market conditions were influenced by oversupply and low prices in Asia, enhancing the competitiveness of Japanese bisphenol A exports globally. Downstream products faced fluctuations and weakened trends in Japan. The decrease in upstream crude oil and feedstock phenol and acetone, along with weakened procurement from other end-use industries, reduced production costs in the domestic market.
This bisphenol A price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Bisphenol A Price
The analysis of Bisphenol A prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Bisphenol A |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Bisphenol A Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of bisphenol A pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting bisphenol A price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The bisphenol A price charts ensure our clients remain at the forefront of the industry.