The market characteristics of polyester resins used in powder coatings in China

China as the largest producer and use of powder coatings, with the rapid development of the powder coating market, as the main material polyester resin market prospects for a long time, polyester market mainly presents the following characteristics: (1) by the raw material market is greatly affected, polyester resin main raw materials PTA and NPG in the last 5 years are often volatile.
Polyester resin factory's voice is not very strong, under normal circumstances polyester resin price adjustment time lags behind the raw material's rise and fall time, which also leads to the rise of raw materials, polyester resin gross margin will be reduced, if the raw material prices quickly pull up polyester resin factory is very easy to lose money.
if the raw material falls or stabilizes, polyester resins will have a reasonable profit.
, especially since November, NPG prices have risen sharply due to tight supply, which has affected production at some polyester companies.
(2) The concentration of polyester industry has been further improved, with the growing size of head enterprises, the rapid expansion of production capacity, and the increasingly fierce competition among large enterprises, which became more evident during the 2020 outbreak.
and downstream markets, especially in the home appliance industry, the aluminum industry is becoming increasingly sensitive to polyester prices, and overcapacity will continue throughout China.
(3) The independent innovation ability of major polyester plants has been further enhanced, focusing on the protection of intellectual property rights such as patents, and focusing on technological research in sub-sectors and emerging fields.
, the technical level between domestic polyester enterprises and foreign-funded enterprises is becoming more and more consistent, and mass products have homogenization.
at the same time the domestic mainstream polyester plants are strengthening the automation of production equipment, improve product quality and stability.
(4) Emerging markets are in line with the trend of "paint-to-powder" and the country's energy conservation and environmental protection, where the market share of powder coatings has increased year by year, similar to construction machinery, furniture, automotive coatings, etc.
the supporting polyester resins put forward higher requirements, ultra-weather resistance, corrosion resistance, fast and low temperature curing, anti-frost and other outstanding performance of product demand gradually emerged.
the future, with the emergence of emerging markets, polyester performance has put forward higher requirements.
(1) is super weather resistant.
Ultra-weather-resistant polyester in fact, there has been a relatively large market, most of which are occupied by foreign enterprises, but with the "paint-to-powder" promotion, especially the market growth of ultra-weather-resistant metal powder so that many domestic private enterprises involved in this field.
the use of ultra-weather-resistant polyester in domestic enterprises multiplied, there should be good prospects.
also for the type of fluorocarbon ultra-resistant, the previous fluorocarbon paint market is very large, but with environmental requirements, fluorocarbon powder applications and demand will be more and more.
(2) polyurethane.
current use of polyurethane is not very large, but due to the performance advantages of polyurethane, once the cost problem is solved, the market prospects are broad.
(3) metal powder with polyester resin.
powder is the fastest growing powder in recent years, and nearly all powder factories are now doing research on metal powder.
although there is currently no polyester specifically for metal powder, but this kind of market is very large.
polyester plants are strengthening supporting research and development in this area.
(4) other functional polyester.
downstream of the powder has led to a higher customer pursuit of certain properties of the powder, which has also led to the development of some special functional polyester.
demand for high temperature, bend resistance, food grade, low temperature curing, etc. is increasing, and such markets will become more and more demanding with the increase of powder requirements.
long-term research and development direction also includes the use of non-fossil raw materials and coating resin applications in the non-paint business.
。