Global growth trends in Polyethylene and Thermosets Resin

30-Sep-13

As per Research and Markets report, global growth trends in polyethylene and thermoset resins include: The polyethylene (PE) volume market is expected to reach 105.1 mln tons by 2016, primarily supported by low-density polyethylene and EVA co-Polymers, as well as film extrusion and extrusion blow molding. High-density polyethylene (HDPE) and low-density polyethylene (LDPE) together account for approximately 69.8% of the market, and are expected to support the plastics industry going forward. The highest CAGR (8.8 percent) is anticipated in Europe, followed by Asia-Pacific at 8.2%, while the Americas forecast a growth rate of 6%. Polyethylene (PE) is widely dominate. The thermoset resins market is expected to reach 95.5 mln tons by 2016, primarily supported by unsaturated polyesters, phenol-formaldehyde and epoxy/polyepoxide resins with end-users in plywood, furniture/bedding, building and construction, automotive, consumer products and electronics. The polyurethanes (PU) market is expected to reach 28.2 mln tons by 2016, backed by major end-use segments (furniture/bedding, construction, automotive and electronic) in emerging countries. Globally, unsaturated polyesters (UP) and phenol-formaldehyde (PF) together account for approximately 30% of the market. Geographically, the highest Compounded Annual Growth Rate (CAGR) of 11.7% is anticipated from the Asia-Pacific region. Polyurethanes in Europe are not far behind with a CAGR of 11.1%. Epoxy/Polyepoxide resins stands as the fastest growing in Europe, with a CAGR of 12.5%, while the Americas forecast a growth rate of 10.2%.