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    Home > Chemicals Industry > China Chemical > It is imperative to cultivate and improve the quality of China's epoxy resin industry

    It is imperative to cultivate and improve the quality of China's epoxy resin industry

    • Last Update: 2022-02-14
    • Source: Internet
    • Author: User
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      【Chemical Machinery Equipment Network Market Analysis ] Products, special products with high added value are produced less.
    In the future, the overall trend of epoxy resin development will tend to concentrate production, and products will develop toward serialization and functionalization, with generally improved quality, and strengthen the development of special resins and supporting auxiliaries.

     
    Market analysis of chemical machinery equipment networkChemical machinery and equipment
      Production capacity is mainly concentrated in China
     
    Production capacity is mainly concentrated in China
      Epoxy resin refers to a type of polymer compound containing two or more epoxy groups in the molecule.
    It can be used with various curing agents such as amines, imidazoles, acid anhydrides, and phenolic resins to form a three-dimensional network cured product.
    It is widely used in castables, solvent-free adhesives and coatings, composite materials and other fields.

     

      In 2019, the production capacity of epoxy resin was 4.
    69 million tons per year, the output was 3.
    133 million tons, and the overall operating rate was 66.
    8%.
    The world's major epoxy resin manufacturers and their production capacity are shown in the figure below.
      China is also the largest consumer of epoxy resin
     
    China is also the largest consumer of epoxy resin
      In 2019, my country's epoxy resin consumption reached 1.
    599 million tons, accounting for about 51.
    0% of consumption, followed by Western Europe, the United States and South Korea, which accounted for 10.
    3%, 8.
    2% and 5.
    7% of total consumption, respectively.
      From 2017 to 2019, the apparent consumption of epoxy resin in my country was 1.
    443 million tons, 1.
    56 million tons, and 1.
    599 million tons respectively.
    It is estimated that in 2024, domestic epoxy resin consumption will reach 2.
    012 million tons.
      my country's epoxy resin is in a saturated state
     
    my country's epoxy resin is in a saturated state
      my country is the world’s largest producer of epoxy resins.
    There are about 50 epoxy resin manufacturers.
    The total production capacity in 2019 is about 2.
    048 million tons per year, down 4.
    3% year-on-year; the output is 1.
    359 million tons, an increase of 7.
    9% year-on-year; the industry average The operating rate was 66.
    4%.
    In the first half of 2020, my country's epoxy resin output was 636,800 tons, a year-on-year increase of 12.
    31%.
    The total output of the industry is expected to reach 1.
    399 million tons in 2020.
      The production of liquid epoxy resin in my country is mainly concentrated in Jiangsu, which accounts for about 50% of the country's production capacity; the production of solid epoxy resin is mainly concentrated in the Huangshan area.
    In 2019, the epoxy resin production capacity of Jiangsu Sanmu Group Co.
    , Ltd.
    reached 270,000 tons per year, ranking first in my country, followed by Nanya Electronic Materials (Kunshan) Co.
    , Ltd.
    with 240,000 tons per year.
      In the case of current capacity saturation, my country's epoxy resin manufacturers are also intensively planning the construction of new production lines.
    Among them, Shandong Sanmu Chemical Co.
    , Ltd.
    , a subsidiary of Jiangsu Sanmu Group Co.
    , Ltd.
    , is already building a new production line of 200,000 tons per year.
    According to China National Chemical Information and statistics, my country's planned/under construction epoxy resin production capacity will reach 1.
    188 million tons in 2020.
    /year.
      Large import trade deficit
     
    Large import trade deficit
      According to data from the China Petroleum and Chemical Industry Federation, from January to September 2020, my country has imported a total of 287,900 tons of epoxy resin and exported 34,500 tons of epoxy resin, with a deficit of 253,400 tons of imports and exports.
      Obvious price fluctuations
     
    Obvious price fluctuations
      According to data from the China Petroleum and Chemical Industry Federation, the market price of epoxy resins in my country fluctuates up and down.
    As of the end of October 2020, the market price of epoxy resins in my country is 20,400 yuan/ton.
    From the end of July 2018 to the end of October 2020, the average price of epoxy resin in my country was 18,700 yuan/ton.
      Mainly used in coatings and electrical and electronic fields
     
    Mainly used in coatings and electrical and electronic fields
      The main application areas of domestic epoxy resins are coatings, electronic and electrical, composite materials and adhesives industries.
    In recent years, the application proportions of each part have basically remained stable.
    The four major fields accounted for 42.
    3%, 30.
    2%, and 19.
    8% respectively in 2019.
    And 7.
    6%.
      In 2019, the demand for epoxy resin in the coatings field reached 677,000 tons, an increase of 9% year-on-year.
    It is estimated that by 2024, the demand for epoxy resin for coatings will reach 852,000 tons.
    Powder coatings in coatings mainly use solid epoxy resins, which are mainly used in building materials (30%), general industry (22%), home appliances (18%), furniture (11%) and other industries.
    In recent years, the market share of powder coatings for building materials, as well as for functional (anti-corrosion), agricultural engineering machinery and automotive powder coatings has continued to grow, while the 3C and furniture sectors have been declining, and the home appliance sector has reversed, while the general industrial sector The market share began to decline after years of continuous growth.

     

      In 2019, the demand for epoxy resin in the electrical and electronic field reached 483,000 tons, a year-on-year increase of 8.
    3%.
    It is estimated that by 2024, the demand for epoxy resin for electronic and electrical applications will reach 608,000 tons.
    The PCB industry is the main downstream application of epoxy resin in the electronic and electrical field.
    The core material of PCB is copper clad laminate, and epoxy resin accounts for about 15% of the cost of copper clad laminate.
    With the rapid evolution of new-generation information technologies such as big data, Internet of Things, artificial intelligence, and 5G, as the basic material of the electronics industry, the demand and growth rate of copper clad laminates are expected to expand year by year.

     

      It is expected that in the next 5 years, among the many downstream application fields of epoxy resins, composite materials and epoxy resins for capital construction will become the main areas supporting the growth of epoxy resin production.
    The demand for wind power continues to increase, and the construction and maintenance of high-speed railways, highways, subways and airports in urbanization development and construction will all promote the development of epoxy resin.
    Especially with the advancement of "One Belt One Road", the demand for epoxy resin will be greatly increased.

     

      It is imperative to cultivate and improve the quality of the industry
     
    It is imperative to cultivate and improve the quality of the industry
      From the above import and export analysis, it can be seen that although my country's epoxy resin production is close to half, domestic products are mainly concentrated in the low-end, and there is still a big gap between the quality and stability of the products and the * enterprises.
    my country's epoxy resin imports are in huge demand, and in the future, my country's epoxy resin will enter the stage of quality improvement through cultivation.
      The above data comes from the "China's epoxy resin industry production and sales demand and investment forecast analysis report" by the Qianzhan Industry Research Institute.
    At the same time, the Qianzhan Industry Research Institute provides solutions such as industrial big data, industrial planning, industrial declaration, industrial park planning, and industrial investment promotion.

     

      Original title: 2020 China's epoxy resin industry market status and development trend analysis, cultivation and industry improvement is imperative
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