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Friday, September 03, 2010
Friday, September 03, 2010
Corporate Social Responsibility News
Posted: Friday, July 16, 2010, 10:31AM
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KNOWLEDGE MANAGEMENT TAGS
"Benchmarking"
European alloys and polymer market set for 'upswing'
Hard hit by the global economic slowdown in 2009, the European polymer blends and alloys market is on the "upswing" again, according to market experts.Frost & Sullivan attributes the increased demand mainly to high growth potential in Eastern Europe, particularly for electronics applications. It forecasts that Electronic housing and computer-related applications will be the main development areas for polymer blends, especially polycarbonate blends, but bio-based polymer blends are just as promising, as environmental concerns escalate worldwide.
Frost & Sullivan's report, European Polymer Blends and Alloys Markets, notes that the market earned revenues of euro 346.0m in 2009 and estimates this to reach euro 453.00m in 2016. The application areas covered in this research service are: transportation, electronics, consumer goods, construction and industrial applications.
"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 Frost & Sullivan research analyst Aniruddh Menon.
The report goes on to predict that bio-based polymer blends will offer equally good growth potential. Companies in that market are rapidly diversifying from bags and packaging-related applications to high performance applications, the major drivers behind the replacement of engineering and commodity plastics with bio-based or biodegradable plastics, it stated.
However, blend manufacturers are advised to identify new application areas for polymer blends.
"Although polymer blend manufacturers are unlikely to show growth in the current market scenario, demand should increase after 2012 once automotive and electronic manufacturers begin to free up their budgets compared to the 2008-2010 period. This will result in some manufacturers opting for polymer blends, which, though comparatively costlier, provide higher performance levels than commodity polymers," said Menon.
Procurement Tag - Benchmarking
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