Epoxy curing agent News The market size of bisphenol F epoxy resin (BPF resin) continues to expand, and the competitiveness of local companies needs to be improved.

The market size of bisphenol F epoxy resin (BPF resin) continues to expand, and the competitiveness of local companies needs to be improved.

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Bisphenol F epoxy resin, also known as bisphenol F diglycidyl ether and BPF resin, refers to a new type of epoxy resin developed on the basis of bisphenol A epoxy resin. Bisphenol F epoxy resin has the advantages of corrosion resistance, low viscosity, and good mechanical properties. It is mainly used in laminate materials, solvent-free solid coatings, casting molding materials and other fields.

Bisphenol F epoxy resin is usually produced by a two-step process, which involves reacting raw materials such as phenol and formaldehyde under the action of an acidic catalyst, then adding sodium hydroxide and epichlorohydrin, and finally undergoing a polycondensation reaction to obtain the finished product. Phenol is an important chemical raw material and is widely used in many fields. In recent years, with technological upgrading, my country’s phenol import dependence has been continuously reduced, and production capacity and output have increased. In 2022, my country’s phenol output will reach 3.516 million tons, a year-on-year increase of 8.9%. The advantages of raw materials provide favorable conditions for the development of my country’s bisphenol F epoxy resin industry.

According to the “2023-2028 China Bisphenol F Epoxy Resin (BPF Resin) Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center >》 shows that, benefiting from the growth in downstream demand, the market size of bisphenol F epoxy resin continues to expand. In terms of the global market, the global bisphenol F epoxy resin market size will reach 6.59 billion yuan in 2022, a year-on-year increase of 3.6%. In terms of the local market, my country’s bisphenol F epoxy resin industry started late and has high technical barriers, resulting in a low market share. Its market size will reach 210 million yuan in 2022.

The global bisphenol F epoxy resin production capacity is mainly concentrated in Japan, which accounts for nearly 30% of the total global epoxy resin production capacity. Japan’s Mitsubishi Group (Mitsubishi), Japan’s Mitsui Petrochemical Company (MITSUI), Japan Edison Co., Ltd. (DIC), Japan’s Tokyo Chemical Industry Co., Ltd. (TCI), etc. are world-renowned bisphenol F epoxy resin manufacturers. The 830S epoxy resin independently developed by Edison Co., Ltd. has the characteristics of non-crystallization and low viscosity, and can be used to produce electronic chemicals such as electronic glue and conductive glue.

                                                                                                                                                    The production capacity of bisphenol F epoxy resin in my country is relatively low, the demand is highly dependent on imports, and local companies lack competitive advantages in the global market. Shanghai Luohe New Materials Technology Co., Ltd., Shanghai Kangda Chemical New Materials Co., Ltd., and Wuhan Diergu New Materials Co., Ltd. are the main manufacturers of bisphenol F epoxy resin in my country. At present, my country’s bisphenol F epoxy resin market is dominated by small and medium-sized enterprises, and the industry concentration is low.

Industry analysts said that bisphenol F epoxy resin, as a derivative of bisphenol A epoxy resin, has anti-corrosion properties. , low viscosity and other characteristics, it has broad application prospects in many fields. However, currently, due to factors such as high technical barriers and high production costs, the market share of bisphenol F epoxy resin in my country is relatively low. Local companies urgently need to increase investment in research and development to further expand my country’s bisphenol F epoxy resin production capacity.

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