Study Indicates Slowdown in EU Alkyd Resins Market
LONDON – According to a new BAC report recently published by MarketPublishers.com, demand for acrylic resins in the European Union (EU) is trending downward. In 2010, the demand amounted to 471,800 tons. Within the 2006-2010 period, alkyd resins consumption decreased by 30 percent. The decline is caused by the economic challenges of the last few years and the decline in demand for acrylic coatings in favor of more environmentally friendly materials.
EU producers are working mainly to cover the domestic market, while export supplies share 7-10 percent in total output. Therefore, a decrease in demand domestically leads to a decline in domestic production.