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Prospect Of Epoxy Resin Market

Jun 02, 2020

Automobile industry: It is one of the four pillar industries in my country, and the demand for automobiles is increasing. The matching electrophoretic paint needs epoxy resin. By 2000, it will be about 10,000 tons. In addition, maintenance paint needs epoxy resin.

Shipbuilding and marine industry: my country is a large marine country and a shipbuilding country. The 21st century is a century of oceans. Ships, wharf facilities, offshore construction, drilling platforms, oil pipelines, marine aquaculture facilities, etc. require a large amount of epoxy coatings (corrosion protection, prevention of marine biological pollution). It is predicted that my country's marine coatings will require 40,000 tons in 2000, most of which are epoxy anticorrosive coatings.

Power industry: my country's power industry is large in scale and is in a stage of rapid development. The epoxy used is expanding at an annual rate of 60%. This field requires epoxy from power generation, power transmission and transformation to power consumption, such as insulating materials, dry transformers, switches, transformers, water conservancy, and hydropower projects. The Three Gorges Project alone requires nearly 20,000 tons of epoxy.

Electronic industry: It is one of the four pillar industries in my country, with rapid development. "Ninth Five-Year" investment is 1200% of "Eighth Five-Year" investment. It is estimated that in 2000, only one brominated epoxy, that is, 20,000 tons.

Container industry: my country's container industry is developing rapidly, and has become the world's major container production base (accounting for 10% to 15% of the world's total). It is estimated that in 2000, container coatings will require 30,000 to 40,000 tons, mainly epoxy resin.

Food can industry: With the improvement of living standards, the manufacturing of food cans and food storage containers continues to develop at a high speed, and more and more epoxy resins are needed for can coatings.

In terms of regions, the consumption of epoxy resins south of the Yangtze River is extremely active, while the consumption of the north of the Yangtze River is sluggish. Therefore, with the economic development, the north of the Yangtze River, especially the northeast region is bound to be a huge potential market for epoxy resin.

As far as the types of epoxy resins are concerned, epoxy powder coatings and water-based epoxy coatings have a promising future. These two are the mainstream of epoxy coating development. China is the world's fourth largest producer of powder coatings. The Chinese government has identified powder coatings and water-based coatings as the priority for future development, and water-based epoxy coatings play an important role in the water-based coating industry.