The epoxy resin industry is developing rapidly and the market demand for epoxy resin tougheners is increasingly strong.

Epoxy resin refers to a polymer with more than two epoxy groups and is a segmented product of thermosetting resin. Epoxy resin toughener refers to a substance that can increase the flexibility of the epoxy resin adhesive film. Epoxy resin tougheners have the advantages of stable chemical properties, good heat resistance, strong adhesion, and can make curing elastic. They can usually be divided into reactive epoxy resin tougheners and non-reactive epoxy resin tougheners. Two categories.

The upstream of the epoxy resin toughener industry chain supplies raw materials, including diphenyl ether, butadiene, acrylonitrile, etc. In recent years, thanks to the gradual development and maturity of naphtha cracking technology, my country’s butadiene production capacity has rapidly expanded and output has continued to grow. In 2022, my country’s butadiene production capacity will reach 6.012 million tons/year, with output reaching 3.194 million tons. Butadiene has the advantages of good electrical insulation properties, good low temperature resistance, aging resistance, and good segment flexibility, making it an ideal raw material for epoxy resin tougheners.

The midstream of the epoxy resin toughener industry chain is product production and manufacturing, including reactive epoxy resin tougheners and non-reactive epoxy resin tougheners. my country’s epoxy resin toughener industry started late. Due to factors such as high technical barriers and high production costs, high-end products are highly dependent on imports. Wenzhou Qingming Chemical Co., Ltd. is the first company in my country to research epoxy resin tougheners. The CMP-410 epoxy resin active toughener developed by this company has the advantages of high purity and good compatibility with various epoxy resins. It has become the mainstream product in my country’s epoxy resin toughener market.

Epoxy resin is the largest demand side for epoxy resin tougheners. Epoxy resin is widely used in electronic and electrical, coatings, engineering plastics, aerospace, automobile manufacturing and other fields. Driven by market demand, my country’s epoxy resin output continues to increase. In 2022, my country’s epoxy resin output will reach 1.436 million tons, a year-on-year increase of 5.2%. With the rapid development of downstream industries, the scale of my country’s epoxy resin toughener market continues to expand.

According to the “2023-2027 Epoxy Resin Toughener Industry In-depth Market Research and Investment Strategy Suggestions Report released by the Industrial Research Center It shows that in terms of the global market, the global epoxy resin toughener market will reach US$210 million in 2022, a year-on-year increase of 5.3%. Huntsman of the United States, Olin of the United States, KANEKA of Japan, and Solvay of Belgium are the major global manufacturers of epoxy resin tougheners.

In the local market, benefiting from the increasing prosperity of the epoxy resin industry, the number of epoxy resin toughener manufacturers in my country continues to grow. Wenzhou Qingming Chemical, Beijing Qingda Qishi New Materials, Shenzhen Hongyuan Chemical New Materials, etc. are major players in my country’s epoxy resin toughener market. Industry analysts said that at present, overseas brands still dominate my country’s high-end epoxy resin toughener market, and local companies are in urgent need of Increase investment in research and development and improve product quality.