QYResearch: The global Hydrogenated Bisphenol A market is expected to reach 24.88 million USD by the end of 2023

Hydrogenated Bisphenol A (HBPA) is a saturated diol produced by catalytic reduction of Bisphenol A. While similar in structure to Bishphenol A, it undergoes most of the reactions typical of secondary alcohols. It is available as a white, flaked material which is soluble in a wide range of organic solvents.

HBPA is used in the preparation of alkyd, polyester, and epoxy resins where good color stability and improved weatherability are important for lasting quality. Areas of application include casting, laminating, coatings, and fiber production.

In global market, the production of hydrogenated bisphenol A increased from 3077 MT in 2012 to 4058 MT in 2016, at a CAGR of more than 7.16%. In 2016, the global hydrogenated bisphenol A market was led by Japan, capturing about 50.64% of global hydrogenated bisphenol A production. China and USA are the other main market.

At present, the major manufacturers of hydrogenated bisphenol A are New Japan Chemical, Maruzen Petrochemical, Milliken Chemical and Puyang Huicheng Electronic Materials. New Japan Chemical is the world leader, holding 26.42% production market share in 2016. Puyang Huicheng Electronic Materials is the China largest manufacturer, but it put into production only in 2015.

Japan was the largest regional market for hydrogenated bisphenol A, with revenue exceeding USD 10.87 Million in 2016. USA was the second market with revenue of more than 3.6 Million USD in 2016. In addition, China is expected to witness fastest growth.

In application, hydrogenated bisphenol A downstream is wide and recently hydrogenated bisphenol A has acquired increasing significance in various fields of epoxy resin and unsaturated polyester resin. They are used in the market of electronic packaging, electrical equipment insulation materials, coating, etc.

According to QYResearch, global market is expected to witness smooth growth on account of rising applications, so in the next few years, hydrogenated bisphenol A production will show a trend of steady growth. In 2023 the production of hydrogenated bisphenol A is estimated to be 5612 MT. On product prices, the slow downward trend in recent years will maintain in the future.

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