19 February 2001 11:46 [Source: ICIS news]
LONDON (CNI)--Prospective legislation to reduce solvent emission from paints and coatings is expected to push the European market for UV curable resins and photoinitiators up to $673.6m (Euro736m) by 2006 from $413.3m in 2000.
Marketing consultant Frost & Sullivan said in its latest report* that ultra-violet (UV) curable acrylate resins will lead market growth with a value of US$549.9m in 2006. Although coatings will be lacklustre outside the UV curable sector, it said, a combination of volatile organic solvents compliance and superior productivity over thermal curing products will take UV curable resins into new, high volume applications.
Frost & Sullivan said the UV raw materials industry is set for robust growth with a number of new entrants coming into the market for the first time. For instance Ineos Acrylics and Condea Servo are quoted as the most recent arrivals, building on their non-UV product base to gain entry. Vianova introduced a powder UV curable resin a year ago while McWhorter and Cray Valley are expected to offer UV products in the near future. The Korean group Miwon has also shown interest in offering UV products.
A total of 30 market participants currently provide UV resins and photoinitiators. The report names Ciba as a market driver in photoinitiators, while UCB and BASF have performed well in the European market for UV acrylate resins.
European acrylate UV resin delivery tonnage is expected to rise from 54 tonnes in 2000 to 89 tonnes in 2006, Frost & Sullivan said. In contrast, the less environmentally acceptable polyester UV resin products are expected to decline from 15.1 to 14.4 tonne over the same period. UV acrylates are starting to match traditional unsaturated polyesters on price at the cheaper end of the product range while continuing R&D in the acrylics sector should result in products which eventually undercut polyester resins.
*The European Market for UV Curable Resins, price £4980, is available from Frost & Sullivan, Tel +44 20 7343 8376.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections