Asia
In the Asian region, particularly in China, the BPA market struggled due to sluggish demand from key sectors like polycarbonate (PC) and epoxy resin. The oversupply situation was exacerbated by high production rates, and despite some maintenance at phenol-ketone facilities, supply remained abundant.
Weak downstream demand from construction and real estate further dampened consumption, particularly in the PC and epoxy resin markets. This oversupply, combined with low feedstock prices, led to further price declines. Inventory levels remained high, and producers had difficulty stimulating demand despite some export surges.
Europe
In Europe, the BPA market followed a similar trend. Weak demand from construction and automotive sectors, combined with high inventories, resulted in continued downward pressure on prices. The reduced activity in the construction industry and slow consumer sentiment contributed to lower demand for BPA-based products like PC and epoxy resins. Economic uncertainties further suppressed buying activity, and seasonal factors played a role in restricting demand, keeping prices on a decline. With high stock levels and limited purchasing, the European market mirrored the broader global challenges faced by the BPA industry.
North America
In North America, the market also saw reduced prices during Q4, driven by weak demand from downstream industries like construction and automotive. Similar to Europe, North America experienced sluggish demand in key sectors, leading to an oversupply of BPA and a continued decline in prices. Retailers and manufacturers in the U.S. remained cautious, reducing procurement activities amid economic uncertainties and excess inventory.