The global Bisphenol A capacity is poised to see moderate growth over the next five years, potentially increasing from 7.40Mtpa in 2018 to 8.63Mtpa in 2023, registering total growth of 17%.
GlobalData’s latest report, ‘Global Bisphenol A Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ states that around five planned and announced plants are slated to come online predominantly in Asia, followed by Former Soviet Union by 2023.
Among regions, Asia leads with the largest capacity additions for the upcoming Bisphenol A plants by 2023. For the upcoming new-build plants, the region is expected to add a capacity of 0.87Mtpa from four planned and announced plants, and it can be seen that there will be no expansion of the existing Bisphenol A plants by 2023.
Among the countries, China leads with the largest capacity additions, with a capacity of 0.47Mtpa from two planned plants. The entire capacity addition will be from the plants, ‘Hainan Huasheng New Material Technology Company Dongfang Bisphenol A Plant’ and ‘Zhejiang Petrochemical Daishan Bisphenol A Plant 2’, with the capacities of 0.24Mtpa and 0.23Mtpa, respectively by 2023. South Korea and Malaysia stand next globally and collectively contribute about 0.40Mtpa from two planned and announced plants.
The entire capacity contribution for South Korea and Malaysia will be from the planned and announced plants, ‘Lotte-GS Chemical Yeosu Bisphenol A Plant’ and ‘PETRONAS Pengerang Bisphenol A Plant’, respectively. Among Companies, Hainan Huasheng New Material Technology Co Ltd had the largest capacity additions from planned and announced Bisphenol A plants by 2023, with estimated capacity additions of 0.24Mtpa from a planned plant.