Resin Market UPDATE

Resins play a crucial role in the formulation of coatings. Whether it is for coatings designed for construction and housing, industrial metal, automotive, aerospace or other uses, resins are critical for characteristics ranging from durability and adhesion to gloss and resistance properties.

While the paint and coatings market has had some difficult times in recent years, many resin manufacturers say they saw gains during the past year, and are more optimistic about the market going forward.

Tina Snider, marketing manager, wood, wood composites and concrete resins and performance additives for Industrial Coatings, Dispersions & Pigments Division, North America, BASF Corporation, said that BASF saw glimmers of recovery, although economic indicators for 2012 were mixed.

“Construction started to return in different segments and should continue in 2013,” Snider added.

“The specialty resins have recovered and continue to grow following the recession in 2010. We have seen strong demand for the specialty performance epoxy resins,” said Charles Zarnitz, product line manager epoxies for Emerald Performance M