Strong sales of epoxy resin bring investment boom (1)

The world's epoxy resin industry is accelerating its transfer to China. At the end of the year, a number of key enterprises such as the current Lanxing New Materials Wuxi Resin Factory and other key enterprises are producing at full capacity. Faced with such a good market situation, the new round of investment in the epoxy resin industry began to rise. Enterprises in the new expansion must adhere to the high starting point of technology, avoid low-level redundant construction, so as to seize the historical opportunities for development.

The epoxy resin industry is generally cold in the first quarter, hot in the second quarter, weak in the third quarter and light in the fourth quarter. Then this year was an abnormal situation. Although the overall output of the domestic epoxy resin industry has declined since the fourth quarter, compared with the same period of previous years, both the output and the relative level of the three quarters have greatly improved. The leading domestic enterprise is Bluestar. Wuxi Resin Factory, a new material, said that the full-load production of new and old installations is still under pressure of tight delivery. During the 39 hours of municipal renovation, the local government even dispatched fire engines to supply water to ensure market supply.

The burden introduced that, after the Spring Festival today, its epoxy resin has maintained a prosperous production and sales situation. For the past years, a large part of the current orders came from the international market. In November, the output reached more than 2,700 tons, which is the highest monthly output of domestic and foreign-funded enterprises. It is expected that the annual output will reach approximately 30,000 tons, and sales revenue will reach 1.7 billion yuan, an increase of approximately 30% from the previous year. The responsible person stated that apart from the reasons for the high quality of the product and the outstanding brand, as the global epoxy resin manufacturing center accelerates its transfer to China, more and more countries all over the world come to China to purchase epoxy resin, which is an important reason.

In addition to Bluestar New Materials Wuxi Resin Factory, other domestic epoxy resin industry companies, such as Sinopec Baling Petrochemical, new generation Dalian Qihua, township enterprises Jiangsu Sanmu, Taiwan-funded Guangzhou Hongchang, and multinational giant Dow Zhangjiagang factory Full sales potential.

Under this background, the industry has been planning investment plans, including: Dalian Qihua’s production capacity has been quietly expanded to 40,000 tons/year; 20,000 tons of Bluestar New Materials Wuxi Resin Plant has basically completed the site selection. Its liquid base resin will challenge the global giant; Jiangsu Sanmu will stop expansion in January next year, after the expansion of the total production capacity of 35,000 tons / year, add 10,000 tons / year; Hong Kong Jianou to build in Zhangjiagang 40,000 tons / year, the formation of epoxy Resin-epoxy copper clad laminates—integrated industrial chain of epoxy printed circuit boards; South Asia, Taiwan will build a production capacity of around 40,000 tons/year in Kunshan to further enhance its self-alignment capabilities in the industry chain.

This year's domestic epoxy resin production and consumption will surely exceed 30,600,000 tons. As the world’s largest consumer nation, China’s new round of investment will become the world’s largest producer nation next year. Although it is a large country in terms of scale, it cannot be called a powerful country. To become a strong epoxy resin industry, we must vigorously upgrade the level of independent intellectual property rights. According to the association’s sources, foreign investment currently accounts for a significant proportion of domestic large-scale production bases. Its main production capacity includes 40,000 tons/year for Dow, 60,000 tons/year for Hongchang, and 20,000 tons/year for Guodu, and the construction capacity is no less than 100,000 tons. /year. Among domestic-funded enterprises, Baling Petrochemical and Dalian Huanhua are all using Japanese technology. Although the quality of products can reach a considerable level, it is difficult to surpass the technology owners. Only Lanxing New Material Wuxi Resin Factory is entirely based on its own technology. To achieve development, the plant built in 1958 has been developing for more than 40 years. As a pioneer of epoxy resin and epoxy resin curing agent in China, it adheres to independent innovation, self-development, serialization of epoxy resin varieties, and high quality purification. The company has achieved outstanding results in product matching and production cleanliness, and provided aerospace-grade special products for the aerospace projects including the Shenzhou Six launch.

Therefore, how to establish an autonomous knowledge system and achieve a new round of development through independent innovation is a major and urgent issue for China's epoxy resin powerhouse dream.

It is also worth noting that subdividing products in the development process, aiming at single champions, and becoming bigger and stronger on a single variety. The development of China's epoxy resin industry depends on the lack of support from several large manufacturers alone, because there are too many types of epoxy resins and the application conditions are very different. Therefore, except for a few leading companies that have each formed a production capacity of 50,000 tons/year or more, and established a base resin supply platform, it also requires several manufacturers to obtain development advantages in different application categories, so as to be small but strong, small and specialized.