Bisphenol A Price in USA
- United States: 1489 USD/MT
In Q4 2023, the US Price of Bisphenol A hit $1489/MT by December. The report outlines recent developments, updates, and trend affecting the global bisphenol A market.
The latest report by IMARC Group, titled “Bisphenol A Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Bisphenol A price trend. This report delves into the price of Bisphenol A globally, presenting a detailed analysis, along with informative Bisphenol A price chart. Through comprehensive Bisphenol A price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Bisphenol A demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Bisphenol A Prices December 2023:
- United States: 1489 USD/MT
- Japan: 1168 USD/MT
- Saudi Arabia: 1267 USD/MT
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The study delves into the factors affecting Bisphenol A price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Bisphenol A Price Trend- Q4 2023
The bisphenol A (BPA) market is witnessing substantial growth fueled by several key factors. The widespread use of BPA in the manufacturing of polycarbonate plastics and epoxy resins is a major driver. These materials are extensively employed in the production of consumer goods such as food and beverage containers, automotive parts, electronic devices, and medical equipment, thereby driving the demand for BPA. The growing demand for epoxy resins in construction activities, particularly in infrastructure development and the building of residential and commercial structures, is boosting the consumption of BPA.
Additionally, the expanding automotive industry, coupled with the increasing adoption of lightweight and high-performance materials, is further augmenting the demand for BPA-based products. Moreover, the rising awareness regarding the benefits of BPA, such as its durability, heat resistance, and versatility, is driving its market growth. Furthermore, ongoing research and development initiatives aimed at enhancing the properties and applications of BPA are expected to contribute to the market expansion in the foreseeable future.
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. In the North American market during Q4FY23, Bisphenol A (BPA) prices initially rose consistently but later dropped due to sufficient inventories in October and November. The availability of inventories improved, leading to a decline in import prices, particularly with the occurrence of Golden Week holidays in China, impacting the freight charges.
Despite limited queries and steady demand from the downstream epoxy resins industry in October, BPA prices decreased in November due to weak cost support from international crude oil prices and oversupply from cheap Asian imports. Winter season slowdown affected downstream industries like paints, coatings, and plastics, leading to decreased demand and increased supply, further pressuring prices downward. However, in December, BPA demand surged, causing higher prices due to transportation challenges from the global shipping crisis. Red Sea attacks resulted in delays, tightening the supply-demand balance and causing a price surge.
As of December, Bisphenol A prices in the USA were assessed at USD 1494/MT, CFR Texas. In the APAC region during Q4FY23, Bisphenol A prices witnessed a decline influenced by weak support from feedstock phenol and acetone, coupled with subdued downstream demand. Specifically, in the domestic market of Japan, BPA prices experienced a consistent decline throughout the quarter due to oversupply and low prices in Asia, enhancing the competitiveness of Japanese exports globally.
Downstream products such as epoxy resins and polycarbonates faced fluctuations and weakened trend in Japan. The market dynamics were further influenced by strategic decisions by major players like Mitsui Chemicals and Idemitsu Kosan, impacting supply and demand. The ongoing decrease in upstream crude oil and feedstock phenol and acetone, alongside weakened procurement from other end-use industries, played a role in reducing the production cost of BPA in the domestic market. Additionally, new regulations affecting construction site shutdowns were anticipated to impact demand further.
In the Europe region during Q4FY23, Bisphenol A prices observed mixed sentiments. Initially, prices saw a sharp decline due to low crude oil and weak demand from industries like automobiles and construction. Excess supply, coupled with imports from the Far East Asian market and inexpensive imports from China, contributed to a decrease in prices.
However, in December, BPA demand rose, resulting in higher prices due to transportation challenges from the global shipping crisis. Red Sea attacks caused delays, tightening supply-demand balance and causing a price surge. The construction industry’s growing trend in the renovation and maintenance market enhanced its attractiveness to investors, leading to price hikes. Supply chain disruptions and increased demand from the construction industry limited supply, causing a decline in inventory levels and exerting upward pressure on prices.
In the MEA region during Q4FY23, fluctuating prices of Bisphenol A were observed. The market was impacted by oversupply of cheaper imports from China, low demand from downstream industries, and limited availability of upstream raw materials. Saudi Arabia experienced significant changes in prices, with demand varying across industries. While the construction sector saw increased demand for downstream products like polycarbonates and epoxy resins, a decline in the real estate market impacted overall demand. Despite these fluctuations, the MEA market maintained stability.
Key Points Covered in the Bisphenol A Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Bisphenol A Prices
- Bisphenol A Price Trend
- Bisphenol A Demand & Supply
- Bisphenol A Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Bisphenol A Price Analysis
- Bisphenol A Industry Drivers, Restraints, and Opportunities
- Bisphenol A News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- 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.
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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