29 June 2010 14:50 [Source: ICIS news]
LONDON (ICIS news)--The European polymer blends and alloys market is expected to grow by 31% over the next six years, due to high growth potential in eastern Europe, particularly for electronics applications, Frost & Sullivan said on Tuesday.
Analysis from the research and consultancy firm said that in 2009 the European polymer blends and alloys market earned revenues of €346m ($427m) in 2009 and estimated this would reach €453m in 2016.
“The electronic housing industry, including housing of IT-related products such as personal computers and laptops, will be the major growth driver for the polymer blends and alloys market in Europe as global manufacturers of electronic and IT-related products move their manufacturing bases to eastern Europe, which offers better quality control standards than Asia,” said research analyst Aniruddh Menon.
However, Frost & Sullivan warned that polymer blend manufacturers would have to identify new niche application areas if they wanted to compete with the cheaper commodity polymers, like long glass fibre re-enforced polypropylene, which offered nearly the same performance.
It added that it was becoming more challenging for the European blend manufacturers to boost their market share due to the the growing presence of Asian polymer blend suppliers in e?xml:namespace>
"This will result in some manufacturers opting for polymer blends, which, though comparatively costlier, provide higher performance levels than commodity polymers,” Menon added.
($1 = €0.81)
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