Features

Resins Update 2002

Although the resins market was challenging in 2001, suppliers are optimistic that a recovery is in sight for 2002.

Kerry Pianoforte08.09.05

While the market for resins proved to be a challenging one in 2001, many resin suppliers are optimistic there will be a recovery in 2002.

"Generally, the second half of 2001 and the first half of 2002 was and will be challenging for resin suppliers," said Greg Ross, industry manager, Johnson Polymer. "Starting with the second half of 2002, we expect the market to improve and to see a return to 2000-like growth."

According to data from the Freedonia Group, demand for resins used in paint and coatings in the U.S. is forecast to rise just under four percent per year to reach 4.4 billion pounds in 2004, with market value projected to increase 6.6% to $4 billion over the same period.

An Essential Ingredient
Resins play an integral role in paint and coatings formulations. "From our perspective, the resin is the primary building block on which the chemist develops his formula," said Jim Yosh, business manager NAFTA region, Degussa (Tego). "Most of the desired paint properties are a function of the resin, so the proper resin choice is critical."

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