The Bisphenol A Production in North America Is Anticipated to Decrease to 860 Thousand Tons in 2023

SOFIA, Bulgaria - July 15, 2019 - PRLog -- According to a recently published report about the North American bisphenol A market, it was equal to 912 thousand tons in 2013. The largest country market within the region was the United States, which in 2013 accounted for a share of 99% of the total in volume terms. Until 2023, the North American market is forecast to drop to around 890 thousand tons, thus growing at a CAGR of about 0.4% per annum in the period 2018-2023. This is a slight increase, compared to the decline at a CAGR of around 1.3% per year, registered in 2013-2017.

The analytical research projects that the North American production of bisphenol A is likely to drop to around 860 thousand tons in the medium term. Similar dynamics of the overall installed production capacities in the region and their annual average utilization rates are also expected. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing moderately upwards dynamics in the medium term.

Demand of bisphenol A depends upon the overall health of the world economy as well as its key end-use industries: construction and automotive. Polycarbonate has become one of the most preferred substitute for glass and metals in the automotive industry. Due to the fact that the growing demand for lighter vehicles with enhanced fuel efficiency is propelling the automotive industry, manufacturers tend to rely on polycarbonate that helps reduce the curb weight of the vehicles. As a result, many automotive components made out of glass and metal have been replaced by polycarbonate parts, which has resulted in lowering the average weight of the vehicles. However, high cost as compared to glass and poor scratch resistance of polycarbonates are holding back the use of the material in some automotive parts such as windshields, sun\moon roof, and windows. In addition to the automotive sector, polycarbonate has driven most of the growth for applications in optical media (CDs and DVDs) as well as the electrical and electronics, such as insulators, connectors, and housings.

Merger and acquisition activity has been robust in the chemical industry during the past few years. Although, the consolidation trend has been stable even in uncertain times, the number of global chemical merger and acquisition deals is decreasing. Particularly on the bisphenol A market, there has been interest in corporate restructurings. For instance, in 2018, Nippon Steel & Sumikin Chemical Co., Ltd. and Nippon Steel & Sumikin Materials Co., Ltd. entered into a business merger deal, which will integrate the business operations of the two affiliate companies. Nippon Steel & Sumikin Chemical Co., Ltd. business line includes pitch coke, pitch, naphthalene, phthalic anhydride, carbon black, styrene monomers, bisphenol A, styrene resins, epoxy resins and more.

As an overall, the report presents a strategic analysis of the bisphenol A market in North America and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development. The report focuses on both product and country breakdown, offering a larger perspective on the regional market dynamics as well as information on each individual country within the region.

The research report has been prepared using the unique Williams and Marshall Strategy's methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future. In addition, the readers will be able to strategically assess the competitive position of the main market players, explore and identify new market opportunities in the countries within the region, recognize key market trends, opportunities and threats and key drivers behind recent market changes as well as strategically evaluate market growth potential.

The report includes information on the following companies:

•        Altivia Petrochemicals;

•        Bayer Corporation;

•        Hexion Inc;

•        Olin;

•        Sabic Innovative Plastics.

You can find more information about this report here: https://www.wm-strategy.com/catalog/product/view/id/126733/s/north-america-bisphenol-a-market/. This report can be customized, based on the particular data and insight needs and requirements of each client. For this and other similar product groups, single-country, regional and global reports can be provided for all global countries and regions. Williams and Marshall Strategy also offers Custom Research Services, providing focused and comprehensive solutions, tailor-made to fit the requirements of each individual client. Feel free to visit our online store and contact us for more information at: http://www.wm-strategy.com.