Resins Market Update

The resins market for 2014 has continued to show signs of recovery from the economic downturn, and business is continuing to hold steady.

Sylvia Insogna, North American marketing director, Dow Coating Materials, said that Dow is optimistic for the 2014 resins market. “As a whole, we are optimistic that the 2014 resins market will continue to show recovery, especially as the global architectural coatings market enters the growth mode, led by the rebounding U.S. housing market and continued growth in paint purchasing in emerging economies,” Insogna said.

John Hiel, North America marketing manager, Arkema Resins explained that the market is still in recovery from the past few years of economic turmoil. “The industrial resins market is slowly recovering from the economic downturn, but the results are mixed. Some segments, such as automotive and coil coatings are recovering more rapidly than others,” Hiel said. “The architectural coatings market showed mid- to high single-digit growth in 2013 as both the DIY and PRO sectors benefited from a rebound in the existing homes sales.  Unit turnover and property upkeep demands as