Epoxy Resins and Epoxy Resin Curing Agents Experiences Rise in Sales Prices
By Indu Tyagi Ketan , 20 October, 2022
DIC Corporation, a significant player in the market, has decided to increase sales prices for epoxy resins and epoxy resin curing agents used in insulating materials for electronics components and coatings, among others. The revised prices were likely to be applied to products delivered on or after July 7, 2022.Â
DIC revised its sales prices for epoxy resins and epoxy resin curing agents in January 2022. Nonetheless, raw material prices have risen further because of tight market conditions, resulting in issues with the supply-demand balance for individual materials. Rising utility costs and sharp exchange rate fluctuations have further exacerbated the company’s cost burden. The company has taken these steps to absorb such cost increases. Still, it recognizes that the situation has gone beyond the point where independent efforts alone are sufficient and that additional sales price revisions are unavoidable to ensure stable supplies in the future. Â
Vegetable oil epoxides with natural additivesÂ
There is an increasing demand for green products, but for them to be genuinely sustainable, manufacturers must also use adhesives and paints made of bio-based feedstocks. One new approach showing promise to have substantial growth is the vegetable oil epoxides, an organic version of conventional epoxy resins. They are sourced from vegetable oils containing high amounts of unsaturated fatty acids. These fatty acids are epoxidized, linked with a trivalent compound consisting of two carbon atoms and one oxygen atom. Combining these vegetable oil epoxides with hardeners produces remarkably resilient plastics. And with that, sustainable adhesives, coatings, and even foam resins are viable options for these additives' future growth.Â
Latest News
Solid-state batteries have not been in use for a long time. However, the rising demand for electric vehicles in the automotive market may revamp the sulfur content of solid-state batteries. There are many advantages of sulfur in solid-state…
Artificial intelligence is enhancing the tech industry nowadays. In the past years, artificial intelligence has played a pivotal role in functioning cloud computing and other tech industry infrastructure. One of the bug techs, Microsoft, is investing…
Renewable energy is considered as an alternative to fossil fuels. Nations are replacing fossil fuels with renewables to achieve sustainability in the environment. Renewable energy sources regulate specific sectors like electricity, transportation…
In the industrial applications and production sector, sustainability will play a significant role in  2024. Industries are growing interested in adopting sustainable approaches in light of the clean energy transition. The aviation industry in 2024…
Energy storage is the main component in the clean energy transition as it facilitates the storage and discharge of energy. Battery storage is expected to support clean energy transition in the upcoming years. A survey shows battery storage can be a…
Chief Strategy Officer