Domestic projects under construction and planned are increasing, and the pace of domestic substitution of electronic-grade TGIC is accelerating

Triglycidyl isocyanurate (TGIC for short) is a heterocyclic polyepoxy compound with a white crystal appearance. TGIC has excellent heat resistance, light resistance, corrosion resistance, weather resistance, etc., and is widely used in powder coatings, printed circuit boards, plastic stabilizers, electrical insulation materials and other fields.

According to the “2022-2026 China Triglycidyl Isocyanurate (TGIC) Industry Market Monitoring and Future Development Prospects Research Report released by the Industrial Research Center span>” shows that in recent years, thanks to the release of downstream market demand, the global TGIC market has continued to expand. By 2021, the global TGIC market will reach about 700 million yuan. It is expected that the global TGIC market will continue to grow from 2022 to 2026, with an average annual compound growth rate of about 3.0%.

Globally, the TGIC market is mainly distributed in North America, Europe, Asia-Pacific and other regions. In recent years, thanks to the rise of emerging economies, the Asia-Pacific region’s share of the global TGIC market has increased. In this region, China, Japan, Countries such as India are important players. Within expectations, my country will still dominate the global TGIC market.

According to different application fields, TGIC can be divided into two categories: electronic grade and industrial grade. Industrial grade TGIC occupies a larger market share. Industrial grade TGIC is mainly used for the curing of powder coatings such as carboxyl polyester and carboxyl acrylic resin. Within expectations, industrial-grade TGIC will still dominate the market.

The entry threshold for the industrial-grade TGIC industry is low, and there are many companies in the market, including Nissan Chemical Industry Co., Ltd., UMC, Huangshan Jinfeng, Science and Technology Power, Huangshan Huahui, NIUTANG, etc.; electronic-grade TGIC has high technical barriers and a long-term market Monopolized by Nissan Chemical Industry Co., Ltd., my country’s market demand mainly relies on imports.

Electronic-grade TGIC is mainly used in fields such as electrical insulation materials and printed circuit boards. my country is a major producer of printed circuit boards. With the development of the electronics industry, the market demand for electronic-grade TGIC continues to rise. The supply of imported electronic-grade TGIC is unstable and the price is high, which is not conducive to the development of my country’s electronics industry. Therefore, there is an urgent need for domestic substitution of electronic-grade TGIC.

my country’s TGIC market demand is strong. In order to meet domestic market demand, TGIC-related projects under construction and planned have increased in recent years, including Hongda Shengdao New Materials’ annual output of 10,000 tons of electronic-grade TGIC projects and Anhui Anju Synthetic Materials’ annual output of 10,000 tons. ton TGIC project, Shandong Yishunying Biotechnology’s annual output of 3,000 tons TGIC new material project, Zeming New Materials’ annual output of 20,000 tons TGIC project, Tongling Taige New Materials’ annual output of 10,000 tons electronic grade TGIC project, Huangshan Youyi Nanhai New Materials TGIC electronic grade chemicals expansion project with an annual output of 5,000 tons, etc.

Industry analysts said that TGIC has excellent performance and a wide range of applications. With the development of industries such as powder coatings and electronics, TGIC market demand continues increase, the industry has broad prospects for development. Electronic-grade TGIC has high technical barriers, and the market has long been monopolized by Japanese companies. In order to ensure supply security, in recent years, my country’s electronic-grade TGIC projects under construction and planned have increased, and the pace of domestic substitution of electronic-grade TGIC has accelerated.