Thermoset resins market expected to reach 95.5 mln tons by 2016

18-Jan-13
The thermoset resins market is expected to reach 95.5 million tons by 2016 primarily supported by the segments unsaturated polyesters (UP), phenol-formaldehyde (PF) and epoxy/polyepoxide resins with their end-users plywood, furniture/bedding, building & construction, automotive, consumer products, electronic and etc, as per Researchandmarkets. Polyurethanes (PU) market is expected to reach 28.2 mln tons by 2016, backed up with their major end-use segments (furniture/bedding, construction, automotive and electronic) in emerging countries across world. Globally, unsaturated polyesters (UP) and phenol-formaldehyde (PF) together account for approximately 30% of the market are expected to support the thermosets industry going forward. Geographical analysis shows that the highest Compounded Annual Growth Rate (CAGR) of 11.7% is anticipated from Asia-Pacific region during the analysis period, 2011-2016. Polyurethanes (PU) market in Europe is not much far behind compared to Asia-Pacific with a CAGR of 11.1%. Epoxy / Polyepoxide resins market Europe stands as the fastest growing region with a CAGR of 12.5%, while The Americas forecasts to drive with a growth rate of 10.2%.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha