Eternal Materials

What Eternal Materials does

Eternal Materials Co., Ltd. (長興材料工業股份有限公司) is a publicly listed Taiwanese specialty chemicals and materials manufacturer founded in 1964 and headquartered in Kaohsiung, Taiwan, with shares traded on the Taiwan Stock Exchange under ticker 1717 since March 31, 1994. The company operates across four primary product divisions: synthetic resins (alkyd, acrylic, polyester, polyurethane, epoxy, fluorocarbon, amino, unsaturated polyester, and vinyl ester resins plus structural adhesives); specialty materials (UV/EB curable monomers and oligomers, silicone microspheres, specialty coatings, and 3D printing resins); electronic materials (dry film photoresist for PCB and IC substrates, photosensitive polyimide for semiconductor RDL, solder mask films, CCL materials, liquid polyimide, and vacuum laminators); and new product introductions including biomedical reagents, lithium-ion battery binders, wafer-level liquid encapsulants for advanced packaging, and thermoplastic composites. The company holds over 600 patents globally and operates 20+ precision coating production lines at its Taiwan Dafa Factory with annual output of approximately 400 million square meters.

The company's proprietary technology platform centers on photopolymer chemistry, with world-leading market position in dry film photoresist for PCB and semiconductor packaging, plus proprietary photosensitive polyimide (ETERFLEX EPD-3300 series) enabling sub-10 micrometer patterning for advanced packaging applications including 3D IC, Fan-out wafer-level packaging, and Mold Under Fill for AI and HPC chips. Revenue is generated through direct B2B sales of formulated specialty chemical materials to industrial customers in electronics, semiconductors, automotive, construction, healthcare, packaging, and consumer goods sectors. Pricing is not publicly disclosed and is negotiated on contract and specification terms. H1 2025 cumulative consolidated revenue was NT$22,168,850 thousand, and full-year 2024 consolidated revenue was NT$40,684,707 thousand.

The company pursues a global manufacturing and distribution footprint spanning Taiwan, mainland China (10+ entities across Suzhou, Guangzhou, Shanghai, Tianjin, Yingkou, Tongling, Chengdu, Kunshan, Zhuhai), Japan (Eternal Chemical Industry, Nichigo-Morton, Nikko Materials), Thailand, Malaysia, Indonesia, India (established 2023), USA (Eternal Technology Corporation, operating dry film photoresist factory since 2000), the Netherlands, Italy, and Australia. Go-to-market is sales-led through direct sales offices and wholly-owned subsidiaries, with several joint ventures (Dixing Resin, Changxin Resin, Showa Denko New Materials Zhuhai, Xingmei Electronics, Hangzhou Yongxinyang Optoelectronic Materials). Recent strategic direction emphasizes advanced packaging for AI/semiconductor, EV battery materials, biomedical diagnostics, and thermoplastic composites for UAVs (2025 partnership with Formosa Plastics and Aerospace Industrial Development Corporation).

Name

Eternal Materials

Legal name

長興材料工業股份有限公司 (Eternal Materials Co., Ltd.)

Website

https://eternal-group.com

Company type

Public

Founded year

1964

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Eternal Materials is a Taiwanese specialty chemicals and materials manufacturer producing synthetic resins, electronic materials (including world-leading dry film photoresist), UV-curable materials, and advanced packaging chemistries for semiconductor, automotive, construction, healthcare, and energy customers across 35+ countries.

Ownership category

akta.pro rank

Product category

Specialty Chemical Materials

NAICS

Resin and Synthetic Rubber Manufacturing (32521), Plastics Material and Resin Manufacturing (325211), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252), Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851), Unsupported Plastics Film & Sheet (3081), Adhesives & Sealants (2891), Electronic Components & Accessories (3670)

akta.pro primary industry

Specialty Polymers & Resins (Engineered Materials) (IMAEABAK)

akta.pro secondary industries

Thermoset Resins (Epoxy, Phenolic, Unsaturated Polyester, PU resins) (IMAEANAE), Engineering Plastics & Performance Resins (PC, PA, POM, PBT, PMMA) (IMAEADAI), Label Stock, Inks, Coatings & Laminates (Materials Supply) (IMALAKAL), Acrylics & Methacrylates (PMMA, Acrylic Resins) (IMAEANAG)

Keywords

• Specialty chemical materials
• Synthetic resins manufacturing
• Electronic materials
• Photoresist materials
• Industrial coatings

Headquarters

HQ city

Kaohsiung

HQ country

Taiwan

HQ region

Asia

Offices23 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Specialty Chemical Materials Manufacturing and Sales: Design, development, and manufacturing of specialty polymer and chemical materials sold to industrial customers across multiple verticals. Revenue is generated through direct sales of formulated products, with pricing based on product specifications, volume, and contract terms. The company serves markets including electronics, construction, automotive, healthcare, packaging, and consumer goods.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Eternal Materials designs, manufactures, and sells specialty polymer and chemical materials across four product categories: synthetic resins (acrylics, polyesters, polyurethanes, epoxies, fluoropolymers), specialty materials (UV-curable monomers/oligomers, silicone microspheres, 3D printing resins), electronic materials (dry film photoresists, photosensitive polyimide, solder masks, vacuum laminators, precision coating services), and new product introductions (biomedical reagents, lithium-ion battery binders, thermoplastic composites). The company sells these formulated materials directly to industrial manufacturers in electronics, construction, automotive, healthcare, packaging, and consumer goods sectors worldwide.

Product overview

Eternal Materials is a diversified chemical materials company offering four main product categories: Synthetic Resins (including acrylics, polyesters, polyurethanes, epoxies, fluoropolymers, and structural adhesives), Specialty Materials (UV-curable monomers, oligomers, coatings, silicone microspheres and additives), Electronic Materials (dry film photoresists, solder masks, photosensitive polyimide, CCL materials, vacuum laminators, and precision coating services), and New Product Introductions (biomedical reagents, battery materials, and thermoplastic composites). The company operates as a comprehensive materials supplier serving coatings, electronics, semiconductors, automotive, construction, and healthcare industries globally.

Differentiator

Problem solved

Functional benefit

Brands

• ETERSOL: Brand for pressure-sensitive adhesives and paper coating resins.
• ETERKYD
• ETERAC
• ETERFLON
• ETERMINO
• ETERFLEX
• ETERCURE
• ETERBIO
• ETERAD
• ETERETEC
• ETERMELT
• ETEROL
• ETERANE
• ETERPHEN
• ETERESM
• ETERPHOTO
• ETERPEARL
• ETERCOAT
• ETERDIX
• ETERLITE
• ETERCOAT
• ETERCOAT / ETERCURE

Products and services

• Synthetic Resins (合成樹脂) Core product category of resin systems including pressure-sensitive adhesives, polyester polyol resins, polyurethane resins, alkyd resins, acrylic coating resins, amino resins, fluorocarbon resins, saturated polyester resins, unsaturated polyester resins, vinyl ester resins, flame retardant resins, formulated epoxy resin systems, structural adhesives, and polyester resins for foaming. Used by industrial manufacturers across coatings, construction, automotive, and composites sectors.
• Specialty Materials (特用材料) Specialty chemical materials including UV-curable monomers, oligomers, specialty coatings, silicone microspheres (for LED, cosmetics, coatings), silicone additives, and 3D UV printing materials. Used by manufacturers of printing inks, optical films, electronic materials, LEDs, cosmetics, and 3D printed parts.
• Electronic Materials (電子材料)

Quantifiable outcome

• 12,316,853 kWh cumulative electricity saved since 2020, reducing 6,114 tonnes CO2 equivalent
• +4 more outcomes

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

19 partnerships are on record, tiered minor.

• Eternal Materials India Private LimitedminorOthers · 1 January 2023Wholly-owned subsidiary established in India in 2023 to expand presence in the Indian market.
• Changguang Precision Machinery (Guangzhou) Co., Ltd.minorOthers · 1 January 2023Wholly-owned subsidiary of Changguang Precision Machinery established in Guangdong, China in 2023, expanding vacuum laminator equipment manufacturing.
• Changguang Precision Machinery Co., Ltd.minorOthers · 1 January 2022Spin-off company established in Kaohsiung in 2022, producing vacuum laminators for semiconductor packaging and PCB manufacturing. Located at Dafa Factory.
• PT. Eternal Materials IndonesiaminorOthers · 1 January 2021Joint venture established in Indonesia in 2021, with Eternal Materials holding 67% ownership, to serve Southeast Asian markets.
• Eternal Materials Industry (Tongling) Co., Ltd.minorOthers · 1 January 2021Wholly-owned subsidiary established in Anhui, China in 2021 to expand production capacity in mainland China.
• Hangzhou Yongxinyang Optoelectronic Materials Co., Ltd. (杭州永信洋光電材料有限公司)minorOthers · 1 January 2017Joint venture in Jiangsu, China established in 2017 with Zhejiang Nanyang Technology Co., Ltd. for optoelectronic materials.
• Elga Europe S.R.L.minorOthers · 1 January 2017Italian company in which Eternal increased its stake to 95% ownership, expanding European operations.
• Eternal Materials (Malaysia) Sdn. Bhd.minorOthers · 1 January 2015Joint venture in Malaysia established in 2015 with Tong Seng Holdings Pte. Ltd. to serve the Southeast Asian coatings and chemical market.
• Changxin Resin Co., Ltd. (長新树脂有限公司)minorOthers · 1 January 2015Joint venture in Hong Kong established in 2015 with Allnex S.a.r.l for resin production and sales.
• Showa Denka New Materials (Zhuhai) Co., Ltd. (昭和電工新材料(珠海)有限公司)minorOthers · 1 January 2015Joint venture in Guangdong, China established in 2015 with Showa Denka KK for new materials production.
• TBG Diagnostics LimitedminorOthers · 1 January 2015Australian listed company in which Eternal acquired 18.48% equity stake through the relationship enterprise TBG Diagnostics Limited.
• Xingmei Electronics Co., Ltd. (興美電子股份有限公司)minorOthers · 1 January 2014Joint venture established in Daliao, Kaohsiung in 2014 with Zhimei Electric Co., Ltd. for electronic materials.
• Nichigo-Morton Co., Ltd.minorOthers · 1 January 2013Japanese company acquired in 2013 with 100% ownership, strengthening Eternal's presence in the Japanese market.
• Changding Electronic Materials (Suzhou) Co., Ltd. (長鼎電子材料(蘇州)有限公司)minorOthers · 1 January 2013Joint venture in Jiangsu, China established in 2013 with Japan's Yamakura Kaken for electronic materials.
• Polymer Instrumentation and Consulting Services, Ltd.minorOthers · 1 January 2013US-based company in which Eternal increased its stake to 30% cumulative ownership, expanding US operations.
• Gao Xin PET Film Investment Co., Ltd. (高新PETFILM投資株式會社)minorOthers · 1 January 2010Joint venture investment in Japan established in 2010 with Mitsubishi Plastics Inc. for high-end PET film investment in mainland China.
• Daxin Materials Co., Ltd. (達興材料股份有限公司)minorOthers · 1 January 2006Joint venture established in 2006 at the Southern Taiwan Science Park with AUO Group and others for display materials.
• Dixing Resin Co., Ltd. (帝興樹脂(昆山)有限公司)minorOthers · 1 January 1997Joint venture in Jiangsu, China established in 1997 with Dutch company DSM Resins BV for resin production.
• Dixing Resin Co., Ltd. Taiwan (帝興树脂股份有限公司)minorOthers · 1 January 1988Joint venture in Pingtung, Taiwan established in 1988 with Dutch company DSM Resins BV for resin production.

Scale indicators9 records

Recent moves16 records

Expansion highlights6 records

Direct peers

• DIC Corporation: Japan-headquartered specialty chemicals company producing pigments, resins, and electronic materials — overlapping with Eternal's coating resins, performance polymers, and display/electronic materials businesses.
• LCY Chemical Corp. Taiwan-based specialty chemicals producer focused on solvents, resins, and electronic-grade chemicals. Closest direct domestic peer with overlapping product lines and end-market exposure in Asia.
• JSR Corporation: Leading photoresist and electronic materials supplier focused on semiconductor lithography and advanced packaging. Direct competitor in the dry film photoresist and electronic materials space where Eternal claims global leadership.
• Allnex: Global supplier of coating resins and additives with overlapping alkyd, acrylic, polyester, and UV-curable portfolios. Allnex is also a JV partner with Eternal (Changxin Resin in Hong Kong), making it both a comparable and a co-investor.
• Resonac Holdings (formerly Showa Denko): Japanese specialty chemicals and electronic materials producer with a deep portfolio in photoresists, packaging materials, and resins. Directly comparable as both a JV partner (Showa Denka New Materials Zhuhai) and a head-to-head competitor in electronic and packaging materials.
• Tokyo Ohka Kogyo (TOK): Japanese photoresist and specialty chemical maker with deep presence in semiconductor lithography and PCB materials. Comparable to Eternal's photoresist and high-purity electronic chemicals business.

Broad incumbents

• Henkel: Global leader in adhesives, sealants, and functional coatings with significant B2B industrial exposure. Comparable to Eternal's pressure-sensitive adhesives (ETERSOL), reactive hot-melt (ETERMELT), and specialty coating businesses.
• Sumitomo Chemical: Large Japanese diversified chemicals group with electronic materials, specialty resins, and healthcare/biomedical operations — directly comparable to Eternal's broad portfolio across resins, electronics, and biomedical reagents.
• Nippon Paint Holdings: Global coatings leader with a large resin procurement and in-house formulation footprint. Comparable to Eternal as a downstream consumer of coating resins and a competitor in selected architectural and industrial coating systems.
• Shin-Etsu Chemical: Diversified Japanese chemical giant with leading positions in semiconductor materials (photoresists, packaging), silicones, and specialty resins — competing with Eternal across multiple electronic and specialty materials segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/513795288719950
• LinkedInlinkedin.com/company/eternal-materials-co-ltd

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries46 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eternal Materials