As one of the three major synthetic materials industries, the synthetic resin industry has good development prospects.

Synthetic resin, synthetic rubber and synthetic fiber are collectively called the three major synthetic materials. As an organic material, the content of synthetic resin in plastics is generally 40.0~100.0%, which can play a decisive role in the performance of plastics. According to different engineering properties, synthetic resins can be divided into two categories: thermoplastic resins and thermosetting resins.

Synthetic resins are rich in raw materials, including formaldehyde, ethylene, methanol, phenol, furfural, propylene, urea, etc. As an organic compound, phenol is widely used in the field of synthetic materials and is also an important raw material for phenolic resin and furan resin. In June 2022, my country’s phenol output reached 316,000 tons, a year-on-year increase of 9.1%. According to the “2022-2027 Synthetic Resin Project Business Plan released by the Industrial Research Center, under the background of sufficient market supply, The price of phenol in my country has shown a slight downward trend, which will reduce the production cost of synthetic resin and drive its output to continue to grow. In 2021, my country’s synthetic resin output will reach 108.152 million tons, a year-on-year increase of 5.1%.

The main methods for preparing synthetic resin are polymerization, including gas phase polymerization, solution polymerization, block polymerization, emulsion polymerization, suspension polymerization, etc. The block polymerization method is a commonly used preparation method for synthetic resin. It refers to allowing monomers to polymerize on their own without adding other media, and finally producing synthetic resin. The block polymerization method has the advantages of simple operation, low production cost, high purity of raw materials, and high production efficiency.

There are many types of synthetic resins, including polyester resin, phenolic resin, polyamide resin, epoxy resin, vinyl resin, furan resin, etc. As a high-performance composite material, epoxy resin has the advantages of good insulation, good adhesion, strong electrical properties, and compact structure. It is an important raw material in the industrial field. Driven by market demand, my country’s epoxy resin production continues to increase. In 2021, my country’s epoxy resin output reached 1.367 million tons, a year-on-year increase of 5.2%. With the continuous innovation of production technology, high-end epoxy resin will occupy a dominant position in my country’s market, which will have a positive impact on the development of the synthetic resin industry.

In terms of application fields, the packaging industry is the largest demand side for synthetic resins. With the rapid economic development and the continuous improvement of national living standards, the scope of packaging applications is becoming wider and wider. As an important raw material for packaging, synthetic resins have continued to grow in market demand. In addition, synthetic resins are also widely used in automobile manufacturing, electronic products, wind turbine blades, household appliances and other fields.

Industry analysts said that synthetic resin has the advantages of low temperature resistance, corrosion resistance, load resistance, energy saving, and environmental protection. With the development of green consumption, As the concept continues to deepen, the synthetic resin market has great development potential and is expected to gradually replace natural resin in the future. With the continuous breakthroughs in production technology, the demand for synthetic resin applications in my country continues to increase, which in turn leads to the continuous expansion of its market size and good prospects for industry development.