Epoxy resin market prospects

China is the world's largest and last virgin market for epoxy resin market, and the prospect of China's epoxy market is very broad.

(1) Automobile industry: It is one of the four pillar industries in China, and the demand for automobiles is increasing. The electrophoretic paints that are matched with it require epoxy resin. By 2000, about 10,000 tons, and the maintenance paint needs to be ringed. oxygen.

(2) Ships and marine industry: China is a big ocean country and a big shipbuilding country. The 21st century is the century of the ocean. Ships, dock facilities, offshore structures, drilling platforms, oil pipelines, marine aquaculture facilities, etc., require a large amount of epoxy coatings (anti-corrosion, anti-marine biological pollution). Experts predict that in 2000 China's marine coatings need 40,000 tons, most of which are epoxy anti-corrosion coatings.

(3) Power industry: China's power industry is large in scale and is in a stage of rapid development. The epoxy used is expanding by 60% per year. Epoxy is required in this field from power generation, power transmission to power generation, such as insulation materials, dry-type transformers, switches, transformers, water conservancy, and hydropower projects. Only the Three Gorges Project requires nearly 20,000 tons of epoxy.

(4) Electronics industry: It is one of the four pillar industries in China and has developed rapidly. The “Ninth Five-Year Plan” investment is 1200% of the “Eighth Five-Year Plan” investment. It is estimated that in 2000, only one brominated epoxy will require 20,000 tons.

(5) Container industry: China's container industry has developed 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 need 30,000 to 40,000 tons, mainly epoxy resin.

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

(7) As far as the region is concerned, epoxy resin consumption in the south of the Yangtze River is extremely active, while consumption in the north of the Yangtze River is slow. Therefore, with the development of the economy, the north of the Yangtze River, especially the northeast region, is bound to be a huge potential market for epoxy resin.

(8) For epoxy resin varieties, epoxy powder coatings and waterborne epoxy coatings are promising. Both are the mainstream of epoxy coating development. China is the world's fourth largest producer of powder coatings and the largest producer of powder coatings in Asia. The Chinese government has identified powder coatings and waterborne coatings as priority developments in the future, and waterborne epoxy coatings play an important role in the waterborne coatings industry.