Bisphenol A (BPA) Prices

Bisphenol A Prices June 2024

During the Q2 2024, the bisphenol A costs in the USA reached 1,568 USD/MT. The market initially experienced a price decline attributed to high supply and lesser demand. However, subsequent months experienced a recovery as raw material shortages and geopolitical tensions pushed crude oil costs higher, tightening the market. Demand strengthened with the housing market's recovery, contributing to a positive pricing trend by the quarter's end.

China's bisphenol A market reached 1,367 USD/MT in June 2024 and experienced varied pricing trend. The market rebounded significantly in May and June as raw material shortages and rising crude oil costs created supply constraints. A robust housing market recovery and increased exports further supported this upward pricing momentum.

In the Netherlands, the bisphenol A prices reached 1,695 USD/MT in Q2 2024. Initially, prices dropped due to reduced demand from the epoxy resin and polycarbonate sectors amid a construction slowdown. However, prices experienced a moderate recovery in June due to limited feedstock availability, rising expenses of crude oil, and ongoing supply chain disruptions impacting transportation.

In Q2 2024, the prices for bisphenol A reached 1,459 USD/MT in Saudi Arabia. The market saw fluctuating prices, beginning with a decline because of low demand and excessive supplies. However, prices rose in the following months due to raw material shortages and rising crude oil costs amidst geopolitical concerns. Higher applications in the construction sector and global supply chain disruptions also played a role in this recovery.

Bisphenol A Prices March 2024

During Q1 2024, the bisphenol A prices in the USA reached 1,420 USD/MT in March. The prices steadily decreased, influenced by lesser import costs from Asia and a surplus of inventory because of reduced applications in downstream industries. Despite a temporary price rise in February from supply disturbances in Asia, the general trend remained negative, reflecting a subdued market environment.

Japan experienced fluctuations in bisphenol A prices during the first quarter of 2024, reaching 1,155 USD/MT. The market was affected by a combination of seasonal factors, including the Lunar New Year and colder weather, which slowed construction projects and led to reduced demand in downstream industries, resulting in lower prices throughout the quarter.

In the Netherlands the bisphenol A cost reached 1,780 USD/MT in March 2024. The market began with stable prices that later rose in February due to high need from downstream sectors and import delays. The upward trend continued into March, driven by strong need from construction and automotive sectors and heightened import costs from Asia.

In the Q1 2024, the bisphenol A cost in Saudi Arabia reached 1,262 USD/MT in March 2024. The quarter began with declining prices due to oversupply and low import costs. However, a rise in demand before Ramadan pushed prices up in February. By March, the market stabilized as reduced activity during Ramadan balanced supply and demand.

Bisphenol A Prices December 2023

The bisphenol A prices in the USA for Q4 2023 reached 1489 USD/MT in December. The market saw fluctuations due to oversupply and weaker international crude oil prices. By December, the demand surged on account of shipping delays and increased construction activity, leading to a rebound in prices as supply chains struggled to keep pace.

The price trend for bisphenol A in Japan for Q4 2023 reached 1168 USD/MT in December. The prices continued to drop, impacted by oversupply and weak demand from key industries. Market adjustments by major producers and reduced downstream activity further pressured prices, despite some stabilization efforts.

The price trend for bisphenol A in Saudi Arabia for Q4 2023 reached 1267 USD/MT in December. The market reflected broader regional dynamics, with prices under pressure from global oversupply and fluctuating demand. The country experienced similar challenges as other markets, including increased competition and volatility in feedstock costs, leading to cautious market sentiment and strategic adjustments by producers.

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 the current price but also provides insights into bisphenol A historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into bisphenol A 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

Q2 2024:

In Europe, the market was marked by fluctuating prices during the second quarter of 2024. The early part of the quarter saw a notable decline in prices because of reduced applications in the epoxy resin and polycarbonate sectors, largely attributed to a decline in construction industry. The construction activity in the Eurozone faced a downturn, with declining orders and reduced activity affecting overall demand for BPA. Moreover, prices began to recover in June as the market responded to limited raw material supply and rising crude oil costs driven by geopolitical instability. Additional pressures from supply chain disruptions further impacted BPA transportation, leading to a modest price increase.

Q1 2024:

During the first quarter of 2024, the market in Europe faced an overall rise, despite some fluctuations. Geopolitical complications in the Middle East bolstered the market, offsetting the reduced need from end use sectors and steady raw material costs. In the Netherlands, initial stability gave way to rising prices in February because of stronger need from the polycarbonate and epoxy sectors, combined with material delays and high import costs from Asia. March experienced this upward trend, supported by robust requirements from construction and automotive industries, even amid global supply chain disruptions and raw material price hikes. The European market, particularly in the Netherlands, remained strong attributed to sustained demand and supply constraints.

Q4 2023:

During the early months, prices fell sharply, influenced by reduced demand from the automotive and construction sectors, along with lowered crude oil prices. The market was oversupplied because of additional imports from Asia and low-cost options from China, leading to the downward pressure. November saw moderate demand, but logistical challenges and geopolitical tensions, caused delays and disrupted supply chains. This led to increased costs and a higher BPA price by December, as the construction sector gained momentum and supply concerns intensified.

This analysis can be extended to include detailed bisphenol A price information for a comprehensive list of countries.

North America Bisphenol A Price

Q2 2024:

In the second quarter of 2024, North America saw a fluctuating market condition. Initially, costs in the region saw a minor decline because of adequate supplies and reduced need in the polycarbonate and epoxy resin sectors. However, a sharp rebound followed in May and June, due to constrained supply of raw materials like acetone and phenol, coupled with rising prices of crude oil influenced by geopolitical issues. This price surge was further supported by plant shutdowns in Asia, which limited global supply. Domestically, BPA demand strengthened, partly due to a recovering housing market. In addition, global supply chain disruptions, including delayed returns, added to the complexities of BPA transportation, influencing pricing dynamics positively by the end of the quarter.

Q1 2024:

In Q1 2024, the market saw a notable decline, driven by various factors. Reduced import prices from Asia, particularly from Japan and China, played a significant role, as did a surplus of supply resulting from a slowdown in end use industries like polycarbonates and epoxy resins. This was largely owing to weaker construction activity in the exporting countries. The U.S. market experienced a particularly sharp price drop, despite a brief recovery mid-quarter caused by supply issues in Asia because of the Lunar New Year and shipping delays. Overall, the low-cost trend was consistent throughout the quarter, portraying a subdued market scenario across the region.

Q4 2023:

The market witnessed increased inventories in October and November. Improved availability and lower import costs, influenced by events like China's Golden Week, contributed to this downturn. The downstream epoxy resin market observed a steady demand but weakened crude oil prices and an influx of cheaper imports from Asia pressured prices down further. As the winter season approached, reduced activity in the paints, coatings, and plastics sectors added to the oversupply, leading to continued price reductions. December month saw increased demand because of shipping delays.

Specific bisphenol A historical data within the United States and Canada can also be provided.

Middle East and Africa Bisphenol A Price

Q2 2024:

The Middle East and Africa region saw a mixed cost landscape in the second quarter of 2024. Early in the quarter, prices dipped because of abundant inventories and subdued applications in the polycarbonate and epoxy resin sectors. Moreover, the following months experienced a significant price rebound owing to limited raw material accessibility and rising crude oil costs amid geopolitical concerns. Market conditions were further strained by plant closures in major exporting countries, contributing to supply constraints. In Saudi Arabia, demand increased attributed to a strong recovery in the construction sector, while global supply chain complications and port congestion added additional pressure. These factors collectively led to a better cost scenario.

Q1 2024:

In the Middle East and Africa, the market in the Q1 2024 showed mixed trends, ending the period with a stable outlook. Initially, prices fell due to reduction in the costs of imports and excessive supply, especially in Saudi Arabia, where demand from key industries had weakened. Mid-quarter saw prices rise again, due to increased buying ahead of Ramadan and stable feedstock costs. By March, the market stabilized as regional manufacturers operated on minimum schedules due to Ramadan, balancing demand and supply.

Q4 2023:

During Q4 2023, the market in the Middle East and Africa region experienced notable price fluctuations. Several factors contributed to these changes, including an availability of affordable Chinese imports, reduced consumption in end use sectors, and tight supply of key feedstocks. The Kingdom of Saudi Arabia saw the most significant price shifts, largely due to rising demand from the construction sector for epoxy resins and polycarbonates, while demand in other industries stayed steady, stabilizing the market. Nonetheless, shrinking number of housing projects coupled with a slowdown in the real estate market negatively impacted the construction industry.

In addition to region-wise data, information on bisphenol A prices for countries can also be provided.

Asia Pacific Bisphenol A Price

Q2 2024:

During the second quarter of 2024, the Asia Pacific region saw varied price trends prices initially dropped because of abundant supply and weak need from the polycarbonate and epoxy resin sectors. However, a significant recovery occurred in May and June as raw material shortages and rising crude oil costs, driven by geopolitical factors, tightened supply. Site closedowns in key exporting countries, such as China, restricted BPA availability, pushing costs upward. These factors collectively contributed to a healthier cost trend.

Q1 2024:

The Asia Pacific region saw reduced prices during the first quarter of 2024. This trend was primarily driven by weak requirements from end use industries, including polycarbonates and epoxy resins, which were affected by a slowdown in construction projects and lower purchasing rates. The market was characterized by negative outlook, oversupply, and a challenging environment for the petrochemical sector, marked by reduced profitability. In Japan, prices fluctuated due to seasonality, with the Lunar New Year and a slump in the construction sector due to in colder weather, leading to notable price reductions. Overall, the market outlook for BPA in the Asia Pacific region remained pessimistic throughout the quarter.

Q4 2023:

Throughout Q4 of 2023, the markets experienced a steady decline, primarily due to weak support from feedstock materials such as phenol and acetone. Japan faced persistent price drops as oversupply conditions and subdued prices across Asia strengthened the competitiveness of Japanese exports. Key market players like Mitsui Chemicals adjusted operations in order to these market dynamics, and Idemitsu Kosan exited the Bisphenol A production business altogether. Additional market pressures stemmed from regulatory changes in the construction industry and decreases in feedstock and crude oil prices.

This bisphenol A price analysis can be expanded to include a comprehensive list of countries within the region.

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.

Bisphenol A Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Bisphenol A Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” 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 industry 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 industry, 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:

• December 2023: Nan Ya Plastics, part of Taiwan's Formosa Group, launched a new bisphenol A production line in Ningbo, China, with an annual capacity of 170,000 tons. The move reflects the company's strategy to enhance production capabilities and meet market demands.
• February 2023: Mitsui Chemicals, Inc. and Mitsubishi Gas Chemical Company (MGC), Inc. announced that MGC launched various initiatives to produce and market biomass polycarbonate resin as an initiative of the two companies’ efforts to achieve carbon neutrality by 2050. Mitsui chemicals planned to present biomass derived bisphenol A, which is scheduled to be created under its BePLAYER™ brand, and MGC will employ this as a monomer feedstock in the production of its PC Iupilon™ .

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.

Report Coverage

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.