China’s Epoxy Resin Industry Continues Growth
In recent years, the production capacity and output of global epoxy resin industry showed a growth trend, according to a new report from Research and Markets. In 2010, the global total production capacity was about 2.64 million tons; this number reached 2.95 million tons in 2012. The U.S, Western Europe and Japan are the major epoxy resin production and consumption areas; in 2012, the production capacity in these regions was about 1.62 million tons, accounting for 61.3% of the world’s total capacity.
The core production technologies still reportedly concentrate in three main enterprises: Dow Chemical, Resolution and Huntsman. These companies’ total production capacity accounts for more than 65% of the world’s total capacity. In developed countries, the variety, quality and application has entered a mature stage. Especially in the U.S., Western Europe and Japan, the main development direction will concentrate on application areas and the research of high-end products.
As of the end of 2012, there were 106 epoxy resin manufacturers in China; the production capacity is very scattered and the average scale is small; only four enterprises own production capacity of more than 100,000 tons/year. However, the areal distribution of China’s epoxy resin production capacity is relatively concentrated: nearly 80% of the manufacturers distribute in East China; 13.2% distribute in South China; and only a handful of enterprises distribute in North China, Northeast and Central China.
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