Epoxide Resins Market Overview in the European Union
In value terms, epoxide resins production stood at $1.3B in 2010 estimated in export prices. Over the period under review, epoxide resins production continues to indicate an abrupt drop. The pace of growth appeared the most rapid in 2010 when production volume increased by 18% year-to-year. Over the period under review, epoxide resins production reached its maximum level at $1.5B in 2007; however, from 2008 to 2010, production remained at a lower figure.
The countries with the highest volumes of epoxide resins production in 2010 were Germany (162K tonnes), the Netherlands (133K tonnes) and Italy (55K tonnes), together accounting for 71% of total production. These countries were followed by the Czech Republic, Spain, Poland, the UK, Finland, Austria and France, which together accounted for a further 26%.
From 2007 to 2010, the most notable rate of growth in terms of epoxide resins production, amongst the main producing countries, was attained by Finland (+167.7% per year), while the other leaders experienced more modest paces of growth.
The revenue of the epoxide resins market in the European Union amounted to $1.6B in 2010, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, epoxide resins consumption continues to indicate a drastic setback. The pace of growth appeared the most rapid in 2008 when the market value increased by 14% against the previous year. In that year, the epoxide resins market reached its peak level of $2.4B. From 2009 to 2010, the growth of the epoxide resins market failed to regain its momentum.
From 2007 to 2010, the most notable rate of growth in terms of epoxide resins consumption, amongst the main consuming countries, was attained by Finland, while the other leaders experienced more modest paces of growth.
In value terms, Germany ($311M), Italy ($298M) and the UK ($172M) were the countries with the highest levels of market value in 2010, with a combined 49% share of the total market. France, Spain, the Netherlands, Finland, Poland, Portugal, the Czech Republic, Sweden and Austria lagged somewhat behind, together accounting for a further 40%.
In terms of the main consuming countries, Finland experienced the highest rates of growth with regard to epoxide resins market, over the last three-year period, while the other leaders experienced more modest paces of growth.
In 2010, the highest levels of epoxide resins per capita consumption was registered in Finland (3,102 kg per 1000 persons), followed by Italy (1,322 kg per 1000 persons), the Netherlands (1,298 kg per 1000 persons) and Germany (1,084 kg per 1000 persons), while the world average per capita consumption of epoxide resins was estimated at 827 kg per 1000 persons.
In Finland, epoxide resins per capita consumption increased at an average annual rate of +30.1% over the period from 2007-2010. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Italy (-4.5% per year) and the Netherlands (-2.0% per year).