19 April 2016
19 April 2016
The compounding industry in Europe in recent years has mainly been driven by growth in technical polyolefin and engineering compounds replacing metals and other traditional materials in automotive and electrical applications, whilst master batch has been replacing the use of colour compounds in packaging and household goods applications.
Applied Market Information (AMI) explains that these factors are also expected to drive growth in the future as the industry is anticipated to develop slightly ahead of general economic and polymer market trends. In particular, the European master batch market is projected to record growth slightly ahead of polymer demand overall, at 2%/year to 2019 resulting in production of around 1.2 million tonnes.
AMI says that the distribution of compound production across Europe follows the pattern of polymer demand with Germany having the largest market share, as would be expected. The only exception is the Benelux region, which has a reasonably large volume of production in comparison with the overall size of its polymer market, mainly because many major polymer producers and large master-batch and additive groups such as Clariant, Cabot and Ampacet have production facilities in the region.
According to the AMI, the leading integrated compounders (by volume) of polyolefins, stryrenics and engineering polymers are all resin producers and it is expected that the market share of the integrated compounders will grow in all sectors. The leading companies all produce in excess of 100,000 tonnes of compounds per year and include LyondellBasell, Borealis and Sabic in PP compounds, Ineos Polyolefins and Total in polyolefin compounds, Styrolution in styrenics, Sabic Innovative Plastics in engineering resin compounds.
AMI's says its Directory of Compounders and Master batch Producers in Europe lists 700 sites producing compounds and master batch, of which 65 are new sites which have been added since the 2014 edition of this directory. The details of all sites have been reviewed and over 35% of all manufacturing sites have gone through significant changes either in their structure or production. It helps you track the changes in this important market and is the perfect tool to identify actual producers of compounds and master batches across Europe. The report provides address and contact information, parent company, polymers compounded, compounds and master batches produced (colour, glass filled, mineral filled etc.) and technology used (twin screw).
North Thin Ply Technology (NTPT) and Richard Mille have signed a long-term collaboration and exclusive supply agreement. The new multi-year contract will see NTPT develop and provide its lightweight thin ply materials exclusively to Richard Mille for horology, jewellery and luxury stationery items.
The UK's Engineering Industries Association (EIA) and the Manufacturing Technologies Association (MTA) have received confirmation of government funding for UK engineering companies to exhibit at overseas trade shows.
CGTech, the developer of VERICUT software, is celebrating three decades of consistent growth.