Production status
There are more than one hundred epoxy resin manufacturers in China, but most of them are very small except for a few such as Yueyang and Wuxi. Because most of the domestic epoxy resin plants are small in scale, single-brand varieties, backward equipment, and low resin quality.
Since 2010, the demand for epoxy resins in the major application markets worldwide has resumed growth. From 2011 to 2013, the demand for epoxy resins in the United States and Western Europe increased at a rate of 3.2% and 2.8%, respectively, and will continue in 2014-2018. Maintain a growth of 2%-3%, and benefit from the rapid development of the Chinese market, the global epoxy resin demand will grow at a rate of about 4.5%.
Although the global epoxy resin industry has entered a mature period, the compound growth rate of the global epoxy resin industry in the next 5 years will be around 4%-5%. However, from the perspective of the domestic market, the compound annual growth rate of domestic epoxy resin apparent consumption from 2002 to 2013 was more than 10%, which was much higher than the average growth rate of the global epoxy resin industry. It is expected that the domestic epoxy resin industry will continue to grow steadily in the future. On the one hand, the global industrial transfer has caused downstream industries such as electronics and shipping to move to China for production, which has stimulated the demand for epoxy resin; on the other hand, the quality of domestic companies’ products With continuous improvement, it gradually has comparative advantages compared with foreign companies.
As my country's GDP continues to maintain a high growth trend, the compound annual growth rate of domestic epoxy resin demand in the next few years will reach about 10%. In 2015, the total consumption will reach 1.5 million tons, accounting for 60% of the global epoxy resin consumption market. %about.
Demand variety
Varieties of foreign epoxy resins
The most widely used variety in the world is bisphenol A epoxy, followed by brominated bisphenol A and phenolic epoxy resins. Other varieties are produced and used in small quantities.
Domestic epoxy resin products and brands
There are only a few grades of bisphenol A type epoxy resin actually produced in China. According to statistics, the national epoxy resin demand in 1997 was about 110kt, the production volume was about 30kt, and the import volume was about 60kt. The domestic epoxy production varieties and brands are very single, mainly bisphenol A type. Due to the poor quality of domestic epoxy, many high-demand occasions must import foreign high-quality epoxy, such as high-quality liquid epoxy, brominated epoxy, phenolic epoxy, etc.
Distribution of epoxy resin in various industries
Epoxy resins are mainly used in the coating industry and the electronics industry. Epoxy for composite molding (mainly used in printed circuit boards in the electronics industry) accounts for a quarter.
Market expectation
China is the world's largest and last virgin epoxy resin market, and China's epoxy market prospects are very broad.
Epoxy coating (anti-corrosion, prevention of marine biological pollution). Experts predict that my country's marine coatings will require 40,000 tons in 2000, most of which are epoxy anticorrosive coatings.
The container manufacturing industry continues to develop rapidly, and can coatings require more and more epoxy resins.
The Northeast region is bound to be a huge potential market for epoxy resin.
Waterborne epoxy coatings have a promising future. These two are the mainstream of the development of epoxy coatings. China is the fourth largest powder coating producer in the world and the largest powder coating producer in Asia. The Chinese government has identified powder coatings and water-based coatings as priority varieties in the future, and water-based epoxy coatings occupy an important position in the water-based coatings industry.
