The phenolic resin industry is developing rapidly, and the electronic phenolic resin field has high development opportunities.

Phenolic resin (PF) is a type of synthetic resin produced by the polycondensation reaction of phenolic compounds and aldehyde compounds. Among them, phenol-formaldehyde resin segmented products currently have high application demand in the market. Phenolic resin is mainly divided into two types: solid phenolic resin and liquid phenolic resin. According to engineering performance analysis, solid phenolic resin is further divided into thermoplastic phenolic resin and thermosetting phenolic resin.

Phenolic resin has properties such as heat resistance, flame resistance, adhesion, flame retardancy, electrical insulation, and acid resistance. However, it also has shortcomings such as poor alkali resistance, high brittleness, and easy moisture absorption. Therefore, domestic and foreign companies are committed to Modification of phenolic resin. Due to its low price and easy synthesis, phenolic resin is currently widely used in insulation materials and refractory materials.

In terms of production, my country’s phenolic resin production capacity is relatively high and its technology level is relatively advanced. In 2020, the domestic phenolic resin production capacity will reach 1.65 million tons, and the output will reach about 1.4 million tons. In the future, with the rapid development of terminal consumer electronics, rail transportation, aerospace, energy-saving construction and other industries, the demand for phenolic resin applications will continue to show a growth trend.

According to the “China Electronic Grade Phenolic Resin Market Feasibility Research Report 2021-2025” released by the Industrial Research Center, phenolic resin has Industrial-grade and electronic-grade products. Among them, the market for industrial-grade products is currently relatively mature, competition is fierce, and there is little room for future market development. Electronic-grade phenolic resin can be used in chip manufacturing, and product purity requirements are high. For a long time, production technology has been monopolized by foreign companies, and domestic demand has relied on imports. It is estimated that my country’s phenolic resin import volume will reach about 120,000 tons in 2021, while export volume will reach about 110,000 tons.

my country’s electronic-grade phenolic resin relies on imports. The current annual import volume is about 10,000 tons, mainly concentrated in the field of special phenolic resin. In the future, with the rapid development of 5G technology and the upgrading of the electronics industry, the demand for special phenolic resins will continue to rise, and the domestic special phenolic resin market will gradually expand.

In terms of production, there are currently many domestic phenolic resin manufacturers, about hundreds of them. The main manufacturers include Jinan Shengquan, Shandong Yushi, Tongcheng New Materials, Laiwu Runda, Liaoning Jincheng, Xingye Co., Ltd., Taier Chemical, The total market share of TOP10 companies such as SI Chemicals, Suzhou Sumitomo, and Panasonic Electronic Materials is about 70%, and the TOP5 companies account for 47%. It can be seen from this that although there are many phenolic resin manufacturers in my country, the market is relatively concentrated. In the future, with the development of high-end terminals, the demand for electronic grade phenolic resin products will increase, and some companies with backward technologies will be eliminated. The market share of leading companies will be Gradually improve.

Industrial analysts said that phenolic resin is currently widely used due to its excellent flame retardant and heat insulation properties, and with the Enterprises develop phenolic resin modified products, and the phenolic resin industry develops rapidly. At present, my country’s industrial-grade phenolic resin products are relatively mature, the market competition is fierce, and the future market development space is small. However, the demand for electronic-grade phenolic resin products relies on imports, and there is broad room for future development.