Welcome Guest to Coatings World    Login || Register
Last Updated Wednesday, October 7 2015

Study says EU alkyd resins market slowing down

Published December 8, 2011
According to a new BAC report recently published by MarketPublishers.com, demand for acrylic resins in the European Union (EU) is trending downward. In 2010, the demand amounted to 471,800 tons. Within the 2006-2010 period, alkyd resins consumption decreased by 30 percent. The decline is caused by the economic challenges of the last few years and the decline in demand for acrylic coatings in favor of more environmentally friendly materials.

EU producers are working mainly to cover the domestic market, while export supplies share 7-10 percent in total output. Therefore, a decrease in demand domestically leads to a decline in domestic production.

Germany covers 37 percent of EU production and consumption of alkyd resins. In 2010, Germany produced 190,000 tons of alkyd resins and provided 45,000 tons for export. The other significant Western European manufacturing facilities are concentrated in Italy and France.

Alkyd resin is a complex oil-modified polyester that is included as the film-forming agent in some paints and clear coatings. Alkyd resin products are used in a wide range of paint products with applications in decorative, maintenance, and contractor paints where excellent gloss and good durability are required. Alkyd coatings still remain the leaders of the EU coatings market.

The report, "Alkyd Resins: European Union Market Outlook 2011 and Forecast till 2016," was prepared by BAC and recently published by The Market Publishers Ltd. For additional information, visit http://marketpublishers.com/report/industry/chemicals_petrochemicals/alkyd_resins_european_union_market_outlook_2010_n_forecast_till_2015.html.

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Follow Coatings World On