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.
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