Study indicates slowdown in EU alkyd resins market
Wednesday, 7 December 2011
Between 2006-2010 alkyd resins consumption decreased by 30 % and the demand follows the down-grade trend in the EU.
The demand for alkyd resins in European Union (EU) follows the down-grade trend. In 2010 the demand amounted to 471,800 tons. Between 2006-2010 alkyd resins consumption decreased by 30 %, according to "Alkyd Resins: European Union Market Outlook 2011 and Forecast till 2016" a recently published report by Business Analytic Center (BAC). The decline is reasoned partly by economic recession, and lowering of EU construction industry; and partly due to cease of alkyd coatings demand in favour of more environmental-friendly materials. EU producers are working mainly to cover domestic market. Export supplies share 7-10 % in total output. Therefore decrease in demand incurred cease of domestic production. However, alkyd coatings still remain the leaders of EU coating market. Germany remains a major insider of EU alkyd resins market. It covers 37 % of EU production and consumption. 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.