US wind energy seen as fast-growth epoxy segment

15 January 2008 18:35  [Source: ICIS news]

HOUSTON (ICIS news)--Wind turbine blade manufacturing is expected to remain the fastest-growing end use market for basic liquid epoxy resin (LER), but the hype surrounding that sector is overshadowed by low profitability expectations, an LER producer said on Tuesday.

“In the long run, it’s the worst business for [LER] producers to sell into,” the source said, citing stiff price competition in securing large-volume LER supply contracts in the wind energy sector.

Wind blade composites makers approve product specifications from multiple resin suppliers so they can have more leverage in price discussions, he added.

Another LER producer agreed that wind energy is “the market that everyone is pushing toward”.

The second source said a lack of production capacity for specialty resin blends and compounds was creating a bottleneck for growth in the wind energy market.

Major US suppliers of LER include Dow Chemical, Hexion, Huntsman and Nan Ya.

By: David Barry
+1 713 525 2653

AddThis Social Bookmark Button

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.

Printer Friendly