The global bisphenol S market is expected to increase by USD 90.3 million, at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2028, according to the latest edition of the Global Bisphenol S Market Report. Bisphenol S is a chemical compound that belongs to the family of bisphenols. It is commonly used in various industries and applications due to its unique properties. Bisphenol S is an aromatic compound with two phenol groups connected by a sulfur atom.
One of the primary uses of bisphenol S is in the production of sulfone polymers. These polymers have excellent thermal and chemical resistance, making them ideal for demanding engineering applications. Bisphenol S serves as a key building block in the synthesis of sulfone polymers, contributing to their high-performance characteristics.
Another significant application of bisphenol S is in the production of polycarbonate. Polycarbonate is a versatile material widely used in industries such as automotive, electronics, and construction due to its transparency, impact resistance, and heat resistance. Bisphenol S is used as one of the monomers in the synthesis of polycarbonate, enhancing its mechanical properties.
Furthermore, bisphenol S finds use in the production of epoxy resins. Epoxy resins are widely employed as adhesives, coatings, and composite materials due to their excellent bonding properties, toughness, and chemical resistance. Bisphenol S can be incorporated into the structure of epoxy resins to enhance their performance characteristics.
Bisphenol S also finds usage in the production of a broad range of specialty chemicals used in various industries, including pharmaceuticals, agrochemicals, and personal care products.
The report presents statistical information, including market size, market share within various market segments, growth rate, and forecasts specifically tailored to the bisphenol S industry. This data-driven analysis equips industry professionals with essential information to assess the current market landscape, make informed decisions, and identify growth opportunities within the sector.
Research Coverage
This report presents an in-depth analysis and segmentation of the bisphenol S market, with market size forecasts extending until 2028. The market has been categorized based on application, and geography. Furthermore, a comprehensive evaluation of key industry players has been conducted to provide valuable insights into their business profiles, product offerings, strategic approaches, partnerships, expansions, and acquisitions pertaining to the bisphenol S market.
The report provides a detailed analysis of the following segments within the bisphenol S market:
Application: color developers, epoxy resins, fine chemicals, polycarbonate, sulfone polymers, and others
Geography: Asia-Pacific, Europe, North America, and RoW (Rest of World)
On the basis of application, the global bisphenol S market has been segmented into color developers, epoxy resins, fine chemicals, polycarbonate, sulfone polymers, and others. Sulfone polymers emerged as the leading segment in the global bisphenol S market in 2022, capturing the largest market share. Furthermore, sulfone polymers are expected to witness the highest growth rate in the coming years, showcasing a promising outlook for this particular application.
Sulfone polymers are a type of high-performance thermoplastic material known for their excellent thermal stability, chemical resistance, and mechanical strength. In recent years, the sulfone polymers industry has experienced steady growth and is projected to continue expanding in the foreseeable future.
The automotive industry, in particular, has been a significant driver of the sulfone polymers market. These polymers find extensive applications in automotive components such as fuel system components, electrical connectors, and fluid handling systems due to their superior resistance to fuels, oils, and chemicals, as well as their ability to withstand elevated temperatures.
In addition to the automotive sector, the aerospace industry also relies on sulfone polymers for manufacturing aircraft components that require lightweight materials with high strength and resistance to harsh environments.
Furthermore, the electronics industry utilizes sulfone polymers in the production of connectors, sockets, and other electronic components. Their superb electrical insulation properties and dimensional stability make them suitable for applications where reliability and performance are crucial.
The medical industry is another significant end-user of sulfone polymers, as they are widely used in medical equipment, surgical instruments, and device housings. The biocompatibility, sterilizability, and chemical resistance of sulfone polymers make them ideal for healthcare applications.
By geography, the global bisphenol S market has been segmented into Asia-Pacific, Europe, North America, and RoW (Rest of World). Asia-Pacific emerged as the dominant market for bisphenol S in 2022, capturing the largest share of the market. Moreover, it is expected that Asia-Pacific will continue to exhibit the highest growth rate in the coming years.
China and India, in particular, are the primary hubs for major manufacturers of bisphenol S. These countries have well-established and thriving chemical industries, positioning them as key players in the production and supply of this chemical.
China, known as the world’s largest producer of chemicals, has a significant presence in the bisphenol S market. The country boasts a strong manufacturing infrastructure and benefits from economies of scale, resulting in efficient and cost-effective production of bisphenol S. Several Chinese companies have emerged as leading contenders in the global bisphenol S market, catering to both domestic and international demands. Notable local producers of bisphenol S in China include Chongqing Qiutian Chemical Co., Ltd., Dafeng Huada Chemical Co., Ltd., Jiangsu Aolunda HIGH-TECH Industry Co., Ltd., Jiangyin Changsheng Chemical Co., Ltd., Nantong Baisheng Chemical Co., Ltd., Nantong Botao Chemical Co., Ltd., and Nantong Wolan Chemical Co., Ltd. These companies have established themselves as key players in the industry, making significant contributions to the global production and supply of bisphenol S.
The presence of major bisphenol S manufacturers in Asia-Pacific, especially in China and India, not only caters to domestic demand but also plays a crucial role in meeting global requirements. These manufacturers adhere to stringent quality standards and possess the capacity to produce large volumes of bisphenol S, serving diverse industries. Furthermore, the strategic location of Asia-Pacific provides several advantages for bisphenol S manufacturers, including easy access to abundant raw materials such as phenol and acetone, which are necessary for production.
Asia-Pacific also exhibits substantial demand for bisphenol S across various industries. The rapid industrialization and urbanization witnessed in these countries have led to an increased utilization of bisphenol S in applications such as sulfone polymers, polycarbonate, epoxy resins, and fine chemicals.
Among these applications, sulfone polymers have emerged as a significant use for bisphenol S. These polymers demonstrate excellent thermal and chemical resistance, making them suitable for demanding engineering applications. Bisphenol S serves as a critical building block in the production of sulfone polymers, contributing to their high-performance characteristics. The growing demand for sulfone polymers in sectors such as automotive, aerospace, electronics, and healthcare has driven the need for bisphenol S in the Asia-Pacific region. The superior properties of sulfone polymers, including high impact strength, dimensional stability, and resistance to heat and chemicals, make them highly desirable for various critical applications.
Competitive Landscape
The global bisphenol S market is highly competitive. Top players covered in Global Bisphenol S Market Study are Aarti Industries Ltd., BASF SE, Chongqing Qiutian Chemical Co. Ltd., Dafeng Huada Chemical Co. Ltd., DMCC Speciality Chemicals Limited, Jiangsu Aolunda HIGH-TECH Industry Co. Ltd., Jiangyin Changsheng Chemical Co. Ltd., Konishi Chemical Ind. Co. Ltd., Nantong Baisheng Chemical Co. Ltd., Nantong Botao Chemical Co. Ltd., Nantong Wolan Chemical Co. Ltd., NICCA CHEMICAL CO. LTD., Nisso Metallochemical Co. Ltd., Solvay S.A., Zhangjiagang Gangda New Material Technology Co. Ltd. These companies play a significant role in driving market growth through their active contributions in innovation and product development within the bisphenol S industry.
Global Bisphenol S Market – Industry Developments
▸ Solvay has started works related to expansion plans that include installing equipment to increase sulfone polymers capacity at its plant in Marietta, Ohio. First steps in this initiative will add more than 25% of capacity for both Udel polysulfones and basic dichlorodiphenyl sulfone at the company’s production sites in the U.S. by 2024.
▸ Belgian authorities are currently assessing whether the use of BPS poses any risks to human health or the environment, with their conclusions expected to be released in 2021. Additionally, Belgium proposed in 2019 to classify and label BPS as toxic to reproduction, and the European Chemicals Agency’s Committee for Risk Assessment is expected to provide its opinion on this proposal in spring 2021.
▸ BASF has started up a new production line for its high-temperature resistant thermoplastic Ultrason® (polyarylsulfone) at its site in Yeosu, Korea. With the new line the global annual capacity for Ultrason® will increase by 6,000 metric tons to 24,000 metric tons, serving the growing market demand worldwide.
Key Questions Answered
What is the projected global market size of bisphenol S by 2028?
In terms of market dominance, which application segment prevails in the bisphenol S market?
Which geography segment generates the highest revenue?
Who are the key players with the largest market share in the bisphenol S market?
What is the estimated global market size for the bisphenol S market in 2023?
What are the main factors driving the growth of the bisphenol S market?
What is the expected incremental growth of the bisphenol S market during the forecast period?
Table of Contents
1. Scope and Methodology
1.1 Introduction
1.2 Report Scope
1.3 Research Methodology
2. Executive Summary
3. Market Overview
4. Global Bisphenol S Market – Application Analysis
4.1 Color developers
4.2 Epoxy resins
4.3 Fine chemicals
4.4 Polycarbonate
4.5 Sulfone polymers
4.6 Others
5. Global Bisphenol S Market – Geography Analysis
5.1 Asia-Pacific
5.2 Europe
5.3 North America
5.4 RoW (Rest of World)
6. Patents Analysis
7. Competitive Landscape
7.1 Competitive Scenario
7.2 Market Positioning/Share Analysis
7.3 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
8. Company Profiles
8.1 Aarti Industries Ltd.
8.2 BASF SE
8.3 Chongqing Qiutian Chemical Co., Ltd.
8.4 Chung Hwa Chemical Industrial Works, Ltd.
8.5 Dafeng Huada Chemical Co., Ltd.
8.6 DMCC Speciality Chemicals Limited
8.7 Jiangsu Aolunda HIGH-TECH Industry Co., Ltd.
8.8 Jiangyin Changsheng Chemical Co., Ltd.
8.9 Konishi Chemical Ind. Co., Ltd.
8.10 Nantong Baisheng Chemical Co., Ltd.
8.11 Nantong Botao Chemical Co., Ltd.
8.12 Nantong Wolan Chemical Co., Ltd.
8.13 NICCA CHEMICAL CO.,LTD.
8.14 Nisso Metallochemical Co., Ltd.
8.15 Solvay S.A.
8.16 Zhangjiagang Gangda New Material Technology Co., Ltd.
APPENDIX
DISCLAIMER
Companies Mentioned
A selection of companies mentioned in this report includes:
Aarti Industries Ltd.
BASF SE
Chongqing Qiutian Chemical Co., Ltd.
Chung Hwa Chemical Industrial Works, Ltd.
Dafeng Huada Chemical Co., Ltd.
DMCC Speciality Chemicals Limited
Jiangsu Aolunda HIGH-TECH Industry Co., Ltd.
Jiangyin Changsheng Chemical Co., Ltd.
Konishi Chemical Ind. Co., Ltd.
Nantong Baisheng Chemical Co., Ltd.
Nantong Botao Chemical Co., Ltd.
Nantong Wolan Chemical Co., Ltd.
NICCA CHEMICAL CO., LTD.
Nisso Metallochemical Co., Ltd.
Solvay S.A.
Zhangjiagang Gangda New Material Technology Co., Ltd.