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. 

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.  

Vegetable oil epoxides with natural additives 

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.

                                                 US Resin Producation 2017-2022