Epoxy resin market data reported on the Internet by various market research companies suggest that an epoxy resin global use in 2012 was approximately 2.5 million metric tons. And the 2013 global sales value was approximately $6.3 billion. A check on these amounts is the price per metric ton ($6.3 billion/2.5 million metric ton = $2,520/metric ton). This $/metric ton amount is reasonably correct for the period, which helps to reassure that the market research companies’ reported data is reasonably correct.
The same market research company information predicts that the compound annual growth rate over the next five years will be highest in Asia (except Japan) and in the 5 to 7% range, and low in the United States and Europe, in the 1 to 2% range. Also, greater than 50% of epoxy resin sales will be in Asian countries.
A review of recent annual reports for some of the companies in these regions, known to be major producers of epoxy resins, support the growth rates given above. For example, the US company Momentive, in its annual report, stated that sustained over-capacity in the epoxy resin market has significantly lowered the company’s epoxy resin sales, and this was expected to continue through 2014. Huntsman’s epoxy resin sales were down about 4% from 2012 to 2013. And, Dow is reporting that it is trying to sell some, or all (it is not clear), of its epoxy business, which includes epoxy resins.
On the other hand, two major Asian epoxy resin producers, the Taiwanese company Nan Ya and the Korean company Kumho, are expanding their epoxy resin production capacities.
Please contact me if you wish more on the above or similar research and analysis on other chemical sales.