In 2015, China's epoxy resin production and sales will account for more than half of the world

In 2010, the demand for major epoxy resin applications in the world began to recover. The demand for epoxy resin in the US and Western Europe increased by 3.2% and 2.8% in 2011-2013, and will continue in 2014-2018. Maintaining a 2%-3% growth, and benefiting from the rapid development of the Chinese market, the global demand for epoxy resin will increase by about 4.5%.

Although the global epoxy resin industry has entered a mature stage, according to the forecast of the Prospective Industry Research Institute, the global epoxy resin industry compound growth rate will be around 4%-5% in the next five years. However, from the domestic market, the compound annual growth rate of domestic epoxy resin consumption in 2002-2013 is above 10%, which is much higher than the average growth rate of the global epoxy resin industry. It is expected that the domestic epoxy resin industry will continue to grow steadily in the future. On the one hand, the global industrial transfer has caused the downstream industries such as electronics and ships to be transferred to China for production, which has stimulated the demand for epoxy resin. On the other hand, the quality of domestic enterprises' production products. It is constantly improving and gradually has a comparative advantage compared with foreign companies.

According to the forecast of the Prospective Industry Research Institute, under the situation that China's GDP continues to maintain high growth, the annual compound growth rate of domestic epoxy resin demand will reach about 10% in the next few years. In 2015, the total consumption will reach 1.5 million tons. To the global epoxy resin consumer market is about 60%.

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