Phenolic resin (PF) consumption is growing steadily, but high-end products are still in short supply

At this stage, my country’s phenolic resin production companies mainly include Tongcheng New Materials, Jinan Shengquan, Shandong Yushi, Liaoning Jincheng, Laiwu Runda and other companies. In recent years, with the increasingly strict environmental protection supervision, backward technology, limited production capacity, and emissions Companies that exceed the standards gradually withdraw from the market, and the concentration of the phenolic resin market continues to increase. At the same time, driven by the optimization of production processes and the upgrading of market demand, the development of the phenolic resin industry will be upgraded to bio-based, mid-to-high-end, and standardized directions.

Phenolic resin (PF) is a synthetic resin produced by the polycondensation reaction of phenolic compounds and aldehyde compounds. Phenolic resin can be divided into solid phenolic resin and liquid phenolic resin. Solid phenolic resin is further divided into thermoplastic phenolic resin and thermosetting phenolic resin. Phenolic resin has good heat resistance, flame resistance, adhesion, electrical insulation, acid resistance, low smoke and low toxicity. It is the basic raw material for refractory materials, casting materials, molding compounds, and electronic materials. Its downstream applications involve aerospace. Aviation, construction, automobile, medical and other scenarios.

The raw materials for phenolic resin production include phenol, formaldehyde, etc. During the production process, phenolic resin will produce a large amount of toxic substances, which limits its market expansion to a certain extent. In recent years, under the background of increasing environmental protection and safety requirements, the market for bio-based phenolic resin has attracted increasing attention. Bio-based phenolic resin uses renewable, non-toxic and highly active lignin to replace phenol, which can reduce the emission of toxic substances. , and achieve the purpose of waste utilization. In addition, glucose and biomass pyrolysis oil can also be used in the production of bio-based phenolic resin.

According to the “2021-2025 China Phenolic Resin Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, in recent years In recent years, while the scale of the phenolic resin industry has expanded, the level of production technology and product quality have also continued to improve. my country is a major producer and consumer of phenolic resin. In 2020, the production capacity of my country’s phenolic resin industry reached 1.65 million tons, and the market consumption reached 1.45 million tons. With the development of the bio-based phenolic resin industry and the continuous optimization of related processes, it is expected that my country’s phenolic resin consumption will reach 1.85 million tons in 2025.

From the perspective of application distribution, phenolic resin is mainly used in the three major fields of phenolic molding compounds, wood processing, grinding and friction materials, and the total consumption of the three accounts for more than 63%. According to different purity, phenolic resin can be divided into electronic grade and industrial grade types. Industrial grade phenolic resin is the mainstream product in my country’s market. Electronic grade phenolic resin has high technical barriers, and domestic market demand relies on imports.

Industry analysts said that phenolic resin has excellent performance and a wide range of downstream applications. In recent years, with the release of market demand, the phenolic resin market has Consumption has maintained a steady growth trend. my country is a major producer of phenolic resin. There are a large number of domestic manufacturers, but the products are mostly concentrated in the mid- to low-end fields. High-end products such as electronic-grade phenolic resin and reinforced phenolic resin still rely on imports. The phenolic resin industry structure needs to be further optimized.