Bisphenol F Market, By Product Type (High Viscosity and Low Viscosity), By Application (Polycarbonate, Epoxy Resin, and Phenol-formaldehyde Resin), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI69219 | Publish Date: March 2024 | No. of Pages: 178

Global Bisphenol F Market By Overview

Introduction:

Bisphenol F Market was valued at US$ 1994.9 million in 2024 and is projected to grow at a CAGR of 2.8% to reach US$ 2566.3 million by 2034.

Bisphenol F (generally called BPF) is the dimer of phenolic resin. The structure is made up of a bridge carbon connecting two phenolic rings. Synthetic organic substance Bisphenol F (BPF) is a member of the bisphenol family of compounds. It is frequently utilized as a raw material in the manufacturing of epoxy and polycarbonate resins. It is created when phenol and formaldehyde combine. The molecular weight of BPF is greater and its chemical structure is somewhat different from that of Bisphenol A (BPA), despite their structural similarity.

Owing to its superior mechanical and thermal qualities, BPF is extensively utilized in a variety of sectors, including electronics, automotive, construction, and packaging. Its strong resistance to UV radiation, heat, and chemicals is particularly advantageous for high-performance applications. Because of its strong resistance to heat, chemicals, and UV light, it is perfect for use in high-performance applications including coatings, electrical components, and automotive parts

The market for bisphenol F (BPF) is expected to increase steadily because of its essential function in high-performance polymers used in a variety of sectors. BPF is used in polycarbonate, epoxy resin, and phenol-formaldehyde resin. It is produced by condensing phenol with formaldehyde. The compound is widely used in goods ranging from electronic encapsulants to eyeglass lenses due to its flexibility and compatibility with diverse production techniques.

The worldwide focus on sustainable practices has an impact on the market's growth as well. It is expected that bisphenol F's involvement in creating recyclable and ecologically friendly materials would contribute to continuous demand as businesses look into eco-friendly alternatives. In summary, despite obstacles, the bisphenol F market is expected to grow, with opportunities spanning both established and developing sectors. Because of the compound's crucial function in producing high-performance plastics and its ability to adjust to changing market needs, the projected timeframe is marked by consistent growth.

Bisphenol F Market

Global Bisphenol F Market By Dynamics

Bisphenol F Market Key Drivers:

  • Growing demand for High-performance plastics

Compared to regular plastics, high-performance plastics are a specific class of polymers that have better mechanical, thermal, chemical, and electrical capabilities. These materials are appropriate for a variety of sectors and applications where regular plastics would not function well since they are designed to endure harsh environments and demanding uses. The market for Bisphenol F is significantly influenced by the growing need for high-performance plastics, which is being pushed by sectors including electronics, aerospace, and automotive. These industries depend on polymers such as epoxy resin and polycarbonate, in which Bisphenol F is essential for improving the material's characteristics.

  • Rise in the number of building and construction activities

Bisphenol F is utilized in the production of epoxy resins and polymers. In the industry, it's employed to make materials thicker and more resilient. It is utilized in the manufacturing of structural adhesives, grouts, coatings, electrical varnishes, road and bridge deck toppers, industrial flooring, and tank and pipe linings. Building and construction activities are growing in nations like China and India as a result of economic reforms and increased per capita personal wealth the government of India has launched initiatives like "Housing for All by 2022" and "100 Smart Cities," which are anticipated to propel the country's residential building industry throughout the projected timeframe. The expansion of the bisphenol F market is being aided by the government's efforts, which are increasing development and construction activity in the area.

Bisphenol F Market Restrains:

  • Increase in awareness of population

Early childhood exposure to endocrine disruptors, such as bisphenols (BPs), like bisphenol A, bisphenol S, and bisphenol F, may be linked to obesity. Numerous household items, such as food packaging, beverage containers, cosmetics, toys, PVC flooring, and water pipes, contain bisphenols. These substances have been related to major negative health effects in humans, such as cardiovascular disease, sperm morphological abnormalities or DNA damage, miscarriage, early puberty, diabetes, and obesity. Thus, these elements are impeding the expansion of the market.

Global Bisphenol F Market By Segmentation

Bisphenol F Market is segmented based on Product Type, Application and region:

Product Type Insights:

  • High Viscosity:

High viscosity Bisphenol F is an excellent substance for insulation because it increases flexibility while maintaining maximum strength and durability. The electronic sector, the construction materials sector, the manufacturing of electric wire and cables, etc. are some of its main application areas.

  • Low Viscosity:

The low viscosity bisphenol F contributes to shorter production times and better workability of resin, which is in great demand, especially in sectors like construction and building materials. Companies that formulate plastisol, which is used to make flexible polyvinyl chloride (PVC) sheets, are the main end customers of this commodity.

Among the mentioned segments, the one which dominates the market is the High viscosity segment as it provides with improved flexibility, with strength and resilience and a broad window for variety of applications in different sectors.

Application Insights:

  • Polycarbonate:

Food containers are produced from polycarbonates(PCs) based on bisphenol F, particularly those containing BPA, since they have low impact toughness but strong temperature stability and surface hardness. 

  • Epoxy Resin:

Bisphenol F epoxy resin is utilized in flooring, linings, molding, impregnation, laminates, and some high-performance fiber reinforced composite systems. It has a low viscosity (2,000–3,000m Pa). Bisphenol F epoxy resins aid in the creation of coatings' strength, durability, and chemical resistance, among other qualities. It is appropriate for giving metals and other surfaces improved protection because of its qualities and capabilities, which include rapid drying, toughness, great adhesion, effective curing, abrasion resistance, and excellent water-resistivity.

  • Phenol-formaldehyde Resin:

Phenol-formaldehyde resins, which are utilized in adhesives and molded goods, are also made using Bisphenol F. These resins are vital in industries where the strength and molding capabilities of the adhesive are critical, such as construction and furniture production.

Among the mentioned segments the one that dominates the market the most is the Epoxy Resin segment as it facilitates the development of several coating attributes, including strength, durability, and chemical resistance.

Regional Insights:

Bisphenol F Market-Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Bisphenol F Market Regional Insights

  • North America market is estimated to witness a significantly high revenue share over the forecast period, owing to the technological advancements, and its strong presence in the end-use industries like electronics and automotive.
  • Asia Pacific market is estimated to witness largest revenue share due to the recent expansion of production and construction facilities established in China and India, where labor is more affordable and prices are lower, which has been a major driver of the market’s growth.
  • Europe market finds lucrative market opportunities owing to the exceptionally high product adoption rate of these resins across a variety of end-use industries, such as the paint and coatings industry, the construction materials industry, etc., which drives their consumption from this area alone drives the market towards growth.
  • Latin America market is increasing gradually due to the growing consumption of these products by various end-use industries such as the construction and furniture industries, and rising applications in adhesives and molding products.
  • Middle East & Africa market is an emerging market owing to the region’s economic development with rising applications in the construction and manufacturing sectors and increasing demand for the high-performance plastics.

Report Scope:

Attribute

Details

Market Size 2024

US$ 1994.9 million

Projected Market Size 2034

US$ 2566.3 million

CAGR Growth Rate

2.8%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Product Type - High Viscosity and Low Viscosity.

By Application - Polycarbonate, Epoxy Resin, and Phenol-formaldehyde Resin.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Bisphenol F Market report based on Product Type, Application and region:

Bisphenol F Market, By Product Type:

  • High Viscosity
  • Low Viscosity

Bisphenol F Market, By Application:

  • Polycarbonate
  • Epoxy Resin
  • Phenol-formaldehyde Resin

Bisphenol F Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Bisphenol F Market By Key Players

The key players operating the Bisphenol F Market includes, DIC Corporation, HONSHU CHEMICAL INDUSTRY Co., Ltd., Daelim chemical Co. Ltd., Huntsman, Olin, Sichuan EM Technology, Gunei Chemical Industry Co., Ltd., and Emtco Ltd.

Global Bisphenol F Market By Key Issues Addressed

Recent Development:

  • In January 2022, The official agreement between DIC Corporation and Sun Chemical Group S.p.A., a fully owned subsidiary located in Milan, resulted in the acquisition of 100% of the shares of SAPICI S.p.A., an Italian manufacturer of adhesives and polymers, and its holding company, FINAPE S.r.l.  With this purchase, the Group hopes to strengthen its worldwide adhesives supply configuration and promote complementary strategic items in various global areas, ultimately increasing annual global adhesive sales to twice the existing level by the year 2030.

Global Bisphenol F Market By Company Profile

  • DIC Corporation*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • HONSHU CHEMICAL INDUSTRY Co., Ltd.
  • Daelim chemical Co. Ltd.
  • Huntsman
  • Olin
  • Sichuan EM Technology
  • Gunei Chemical Industry Co., Ltd.
  • Emtco Ltd.

“*” marked represents similar segmentation in other categories in the respective section

Global Bisphenol F Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Product Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • High Viscosity
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Low Viscosity
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Polycarbonate
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Epoxy Resin
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Phenol-formaldehyde Resin
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis
  1. Company Profiles
  • DIC Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • HONSHU CHEMICAL INDUSTRY Co., Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Daelim chemical Co. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Gunei Chemical Industry Co., Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Emtco Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • F. Hoffmann-La Roche Ltd. 
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GlaxoSmithKline plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Eli Lilly and Company  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • AstraZeneca  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cipla Inc. 
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Bisphenol F Market accounted for US$ 1994.9 million in 2024 and is estimated to be US$ 2566.3 million by 2034 and is anticipated to register a CAGR of 2.8%.

Bisphenol F Market is segmented based on Type, Application and Region.

Factors driving the Industrial Bisphenol F Market include increasing demand in electronics and automotive industries, and its use in the production of epoxy resins.

Recruitment Marketing in the Industrial Bisphenol F Market faces restraints such as regulatory challenges and environmental concerns related to its production and usage.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The prominent players operating in the Bisphenol F Market includes, DIC Corporation, HONSHU CHEMICAL INDUSTRY Co., Ltd., Daelim chemical Co. Ltd., Gunei Chemical Industry Co., Ltd., and Emtco Ltd. and others.