EPOXY RESINS

Table of Contents

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

• Study Reliability and Reporting Limitations I-1
• Disclaimers I-2
• Data Interpretation & Reporting Level I-2
• Quantitative Techniques & Analytics I-3
• Product Definitions and Scope of Study I-3

II. EXECUTIVE SUMMARY

1. Industry Overview

• A Quick Primer II-1
• Market Structure II-1
• Table 1: Worldwide Epoxy Resins Market (2006): Percentage Breakdown of Capacities of Major Players - Hexion Specialty Chemicals, Dow Chemical Company, Nanya Plastic, Huntsman Advanced Materials, and Kukdo Chemical (includes corresponding Graph/Chart) II-2
• Asia Pacific Emerges Into the Single Largest Market Worldwide II-2
• High Cost Structure Exerts Pressure on Margins II-2
• Price - A Major Concern II-2
• Shift to Low-Solvent Formulations in Coatings Industry II-3
• Industrialized Nations Elbowed Aside by Developing Countries II-3
• Towards Technology Upgradation II-3
• Feedstock Controls Epoxy Resin Production II-3
• Epoxy Resins: Poised for Healthy Growth II-4
• Rampant Energy and Feedstock Prices: Force Producers to Increase Prices II-4
• Promising Gains for Epoxy Resins in Flooring End Use Segment II-4

2. Product Overview

• A. Classification II-5
• Classification Based on Molecular Arrangement II-5
• i. Rigid Epoxy Resins II-5
• ii. Flexible Epoxy Resins II-5
• Classification Based on Number of Epoxy Groups II-5
• i. Difunctional Resins II-5
• ii. Poly Functional Resins II-5
• Classification Based on Solvent Base and Characteristics II-5
• i. Solvent-borne Epoxy Resins II-5
• ii. Water-borne Epoxy Resins II-5
• Types of Waterborne Epoxy Resins II-6
• iii. Powder Epoxy Resins II-6
• Classification based on Type of Raw Material II-6
• i. Bisphenol Epoxies II-6
• ii. Brominated Epoxies II-6
• iii. Novolacs II-6
• iv. Glycidyls II-6
• v. Cycloaliphatics II-7
• vi. Phenoxy Resins II-7
• B. Properties II-7
• Cross linking Density II-7
• Reduced Shrinkage II-7
• Versatile Use II-7
• High Adhesive Strength II-8
• Resistance to Chemicals II-8
• Insulation II-8
• Viscosity II-8
• Characteristics of Epoxies Compared to Polyester II-8
• C. Substitutes to Epoxy Resins II-9
• Epoxy Resins Lose Market to Oxethane Polymers II-9
• Alternatives Used in the Coatings Industry II-9
• Other Competitive Adhesives II-9
• D. Production Processes II-10
• E. Epoxy Resin Formulations II-10
• Materials Used in Epoxy Formulations II-10
• Curing Agents II-10
• Epoxy Resin Curing Agents - Properties & Application II-11
• Curing Technology II-11
• Improved Polymer Matrix Compounds by Radiation Curing II-11
• Hardeners: Amplify Resin Properties II-12
• Flexibilizers II-12
• Waterborne Epoxy Resin System Formulations II-12
• i. Carboxylated Acrylic Latex / Epoxy Systems II-12
• ii. Emulsified Low Molecular Weight Epoxy Systems II-13
• iii. Emulsified Medium and High Molecular Weight Epoxy Systems II-13
• iv. Waterpoxy Systems II-13
• F. Selection Criterion for Epoxy Resins II-13
• Compatibility II-13
• Preparation Efficiency II-14
• Adhesion II-14

3. Health and Environmental Issues

• Health Issues II-15
• Liquid Epoxy Resins II-15
• Solid Epoxy Resins II-15
• Modified Epoxy Resins II-15
• Curing Agents / Hardeners II-15
• Solvents II-15
• Reactive Diluents II-15
• Fillers II-16
• Typical Exposure Effects Associated with Epoxy Resin Systems II-16
• Environmental Issues II-17
• Low VOC Content - Prime Concern II-17
• Epoxy Resin Manufacturers and EPA Enter into an Agreement II-17

4. Bisphenol-A - Key Raw Material

• Epoxies: Key End-Use Segment for BPA II-18
• Table 2: Bisphenol A: Key End-Use Applications (includes corresponding Graph/Chart) II-18

5. End Use Overview

• A. A Brief Review of Epoxy Applications II-19
• Civil Construction II-19
• Coating Materials II-19
• Adhesive Materials II-19
• Filling Materials II-19
• Laminated Materials II-19
• B. Emerging Applications II-19
• Electrodeposition Coatings II-19
• Radiation-Cured Epoxies II-20
• Hybrid Powder Coatings II-20
• Acrylic/Epoxy Hybrid Powder Coatings II-20
• C. Conventional Applications II-20
• I. Paints and Coatings II-20
• Why are Epoxy Resins Used in Paints & Coatings? II-20
• Epoxy Surface Coatings II-21
• a. Solvent Coatings II-21
• b. Water based Coatings II-21
• Types of Waterborne Epoxy Binder Systems II-21
• c. Powder Coatings II-21
• Decorative Powder Coatings II-22
• Protective Powder Coatings II-22
• Fillers, Pigments and Additives II-22
• II. Electrical/Electronic Laminates II-23
• III. Bonding and Adhesives II-23
• IV. Flooring & Paving Aggregates II-23
• V. Miscellaneous Applications II-23

6. Product Introductions

• Huntsman Unveils Structural Adhesives Product Range II-24
• Master Bond Introduces Fast-Curing Epoxy Adhesive II-24
• West System Launches G/flex Epoxy II-24
• Huntsman Rolls Out New Range of Epoxy Resin Products II-24
• Master Bond Introduces Epoxy Adhesive for Engineering Plastics and Metals II-25
• Industrial Nanotech Develops Nansulate® Epoxy-based System II-25
• Huntsman Rolls Out Structural Adhesive Range II-25
• National Adhesives Introduces Cartridge-sized Bondmaster Epoxy Adhesives II-25
• Ashland Rolls Out New Epoxy Seam Sealers II-26
• GS Polymers Unveils New Product Range II-26
• Rahn AG Unveils Genomer Epoxy Acrylate II-26
• Huntsman Launches New Epoxy Adhesive, ARALDITE® 7047 II-26
• Showa Denko Develops Epoxy Resin (Chlorine-Free) for PCB II-26
• CVC Launches EPALLOY 7200X90 Resin II-27
• TPR2 Rolls Out New Fire-Retardant Resins II-27
• Huntsman Launches New Epoxy Casting System II-27
• Ashland Releases New Powder-Prime System of SMC Resin and Epoxy Adhesive II-28
• Reichhold Rolls Out Epoxy Curing Agent With Water-Borne Chemistry II-28
• Huntsman Releases Bromine-Free Epoxy Resin II-28
• Sherwin-Williams Launches Corrosion-Controlling Dura-Plate® Coatings II-28
• Valspar Lowers VOC Level of Epoxy Floor Coating II-29
• CVC Launches ERISYS GE-25 II-29
• Master Bond Develops a New Epoxy Based Adhesive II-29
• Master Bond Releases EP76M Epoxy Adhesive II-29
• Tra-Con Rolls Out New Epoxy Adhesive II-29
• CVC Specialty Unveils EPALLOY® 9000 II-30
• Tra-Con Introduces New Electrically Conductive Epoxy II-30
• Baling Develops Epoxy Resin for Photo-Curable Coatings II-30
• Quentsplass Introduces an Innovative Replacement for Cement in Terrazzo II-30
• Master Bond Inc Launches EP19HT II-30
• Ashland Specialty Chemical Unveils Novel Epoxy Vinyl II-30
• CVC Specialty Chemicals Inc Introduces ERISYS EMUA-11 II-31
• Air Products and Chemicals Introduces New Epoxy Products II-31
• Dow Chemical Launches BLOX Resins II-31

7. Recent Industry Activity

• Hexion Signs Acquisition Agreement with Huntsman Corporation II-32
• DYMAX Corporation Concludes Acquisition of Crosslink Technologies II-32
• Dow Epoxy to Set up LER/GTE Plants in Shanghai II-32
• Rocket Store to Distribute Aeropoxy Products in the UK II-33
• Huntsman Enters into Distribution Agreement with Soudal II-33
• SPOLCHEMIE Enters into an Agreement with SAFIC-ALCAN II-33
• Spolchemie Establishes New Liquid Epoxy Resins Plant II-33
• Jiangsu Sanmu and Manzhouli Huaqiang to Establish Epoxy Resin Unit II-34
• Mitsubishi Gas to Terminate Multi-Purpose Epoxy Laminates
• Production II-34
• Jubail Chemical to Expand Epoxy Resins Capacity II-34
• Copps Industries Reorganizes Manufacturing Processes II-34
• Tohto Kasei Plans Specialty Resins Capacity Expansion II-34
• Henkel Group Acquires Alba Adesivos II-35
• Cytec to Establish New Plant for Epoxy and Urethane Acrylates II-35
• Univar to Distribute Reichhold Products in Iberian Market II-35
• Bluestar to Set up Bisphenol A and Epichlorohydrin Plants in China II-35
• Tohto to Expand Output Capacity II-35
• Japan Epoxy Becomes a Subsidiary of Mitsubishi II-36
• Air Products and Chemicals Acquires Tomah3 Products II-36
• Cytec Bags a Contract from Lockheed II-36
• ACG Distributes Epoxy Model Materials II-36
• Thai Epoxy and Allied Products Company Limited Merges to Form Aditya Birla Chemicals (Thailand) Ltd II-36
• Mitsui Chemicals to Merge Two Singaporean Subsidiaries II-36
• Royal Acquires J&R Industries II-37
• Huntsman Pacts with AdMat II-37
• Three Affiliates of Apollo Management Merge to Form Hexion Specialty II-37
• Dow Completes Acquisition of Pacific Epoxy II-37
• Sinopec and Mitsui Enters into a Pact II-37
• Huntsman Builds Epoxy Resin Facility II-38
• Kukdo Chemical Buys Liquid Epoxy Resin Facility II-38
• Toray Plans to Expand Capacity II-38
• Spolchemie Divests Epoxy Resin Business II-38
• UPPC AG Directly Targets the Swiss Market II-38
• Mitsubishi Chemical Increases Stake in Japan Epoxy Resins II-38
• Huntsman Purchases Vantico from Morgan Grenfell Private Equity II-39
• Dow Commences CER Production Activities II-39
• Wuxi DIC Epoxy Restarts Production II-39
• Japanese Firm Establishes New Epoxy Unit in China II-39
• Dow Acquires Controlling Stake in Pacific Epoxy II-39
• Dow Chemical China and Union Carbide China Merge II-39
• Yueyang Sets up New Epoxy Resin Plant II-40
• Nippon Patents New Method for Cationic Electro coating II-40
• Apollo Management Acquires Resins Business of Shell Chemicals II-40
• Morgan Grenfell Acquires Ciba' s Performance Polymers Division II-40
• Asahi Acquires Ciba' s Stake in Joint Venture II-40
• Solutia Acquires Viking Resins II-41
• Shell Distributes Struktol Polydis 3710 II-41

8. Focus on Select Players

• 3M(US) II-42
• Aditya Birla Chemicals (Thailand) Ltd II-42
• Air Products and Chemicals Inc (US) II-42
• Asahi Kasei Chemicals Corporation (Japan) II-43
• Cognis Benelux BV (The Netherlands) II-43
• CVC Specialty Chemicals, Inc (US) II-43
• DuPont EI de Nemours Co (US) II-44
• Hexion Specialty Chemicals, Inc (US) II-44
• Huntsman Corporation (US) II-44
• Kukdo Chemical (Korea) II-45
• Mitsui Chemicals, Inc (Japan) II-45
• Nan Ya Plastics Corporation (China) II-45
• Polychem Corporation (US) II-45
• Reichhold Inc (US) II-46
• Spolchemie A.S. (Czech Republic) II-46
• Sumitomo Bakelite Co Ltd (Japan) II-46
• The Dow Chemical Company (US) II-46
• Dow Epoxy (US) II-47
• UPPC AG (Germany) II-47

9. Global Market Perspective

• Table 3: World Recent Past, Current & Future Analysis for Epoxy Resins by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-48
• Table 4: World Long-term Projections for Epoxy Resins by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures for Years 2011 through 2015 in Thousand Tons (includes corresponding Graph/Chart) II-49
• Table 5: World Historic Review for Epoxy Resins by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) II-50
• Table 6: World 20-Year Perspective for Epoxy Resins by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) II-51
• Table 7: World Recent Past, Current & Future Analysis for Epoxy Resins Consumption in Paints and Coatings by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-52
• Table 8: World Long-term Projections for Epoxy Resins Consumption in Paints and Coatings by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures for Years 2011 through 2015 in Thousand Tons (includes corresponding Graph/Chart) II-53
• Table 9: World Historic Review for Epoxy Resins Consumption in Paints and Coatings by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) II-54
• Table 10: World 20-Year Perspective for Epoxy Resins Consumption in Paints and Coatings by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) II-55
• Table 11: World Recent Past, Current & Future Analysis for Epoxy Resins Consumption in Paints and Coatings by Segment - Solvent-Based Paints and Coatings, Water-Based Paints and Coatings and Powder Coatings Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-56
• Table 12: World Long-term Projections for Epoxy Resins Consumption in Paints and Coatings by Segment - Solvent-Based Paints and Coatings, Water-Based Paints and Coatings and Powder Coatings Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) II-56
• Table 13: World Historic Review for Epoxy Resins Consumption in Paints and Coatings by Segment - Solvent-Based Paints and Coatings, Water-Based Paints and Coatings and Powder Coatings Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) II-57
• Table 14: World 20-Year Perspective for Epoxy Resins Consumption in Paints and Coatings by Segment - Percentage Breakdown of Volume Sales for Solvent-Based Paints and Coatings, Water-Based Paints and Coatings and Powder Coatings Markets for Years 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) II-57
• Table 15: World Recent Past, Current & Future Analysis for Epoxy Resins Consumption in Solvent-Based Paints and Coatings by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-58
• Table 16: World Long-term Projections for Epoxy Resins Consumption in Solvent-Based Paints and Coatings by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) II-59
• Table 17: World Historic Review for Epoxy Resins Consumption in Solvent-Based Paints and Coatings by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed withAnnual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) II-60
• Table 18: World 20-Year Perspective for Epoxy Resins Consumption in Solvent-Based Paints and Coatings by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) II-61
• Table 19: World Recent Past, Current & Future Analysis for Epoxy Resins Consumption in Water-Based Paints and Coatings by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-62
• Table 20: World Long-term Projections for Epoxy Resins Consumption in Water-Based Paints and Coatings by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) II-63
• Table 21: World Historic Review for Epoxy Resins Consumption in Water-Based Paints and Coatings by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) II-64
• Table 22: World 20-Year Perspective for Epoxy Resins Consumption in Water-Based Paints and Coatings by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) II-65
• Table 23: World Recent Past, Current & Future Analysis for Epoxy Resins Consumption in Powder Coatings by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-66
• Table 24: World Long-term Projections for Epoxy Resins Consumption in Powder Coatings by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) II-67
• Table 25: World Historic Review for Epoxy Resins Consumption in Powder Coatings by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) II-68
• Table 26: World 20-Year Perspective for Epoxy Resins Consumption in Powder Coatings by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) II-69
• Table 27: World Recent Past, Current & Future Analysis for Epoxy Resins Consumption in Electrical Laminates by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-70
• Table 28: World Long-term Projections for Epoxy Resins Consumption in Electrical Laminates by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) II-71
• Table 29: World Historic Review for Epoxy Resins Consumption in Electrical Laminates by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) II-72
• Table 30: World 20-Year Perspective for Epoxy Resins Consumption in Electrical Laminates by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) II-73
• Table 31: World Recent Past, Current & Future Analysis for Epoxy Resins Consumption in Bonding Applications by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-74
• Table 32: World Long-term Projections for Epoxy Resins Consumption in Bonding Applications by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) II-75
• Table 33: World Historic Review for Epoxy Resins Consumption in Bonding Applications by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) II-76
• Table 34: World 20-Year Perspective for Epoxy Resins Consumption in Bonding Applications by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) II-77
• Table 35: World Recent Past, Current & Future Analysis for Epoxy Resins Consumption in Flooring and Paving by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-78
• Table 36: World Long-term Projections for Epoxy Resins Consumption in Flooring and Paving by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) II-79
• Table 37: World Historic Review for Epoxy Resins Consumption in Flooring and Paving by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) II-80
• Table 38: World 20-Year Perspective for Epoxy Resins Consumption in Flooring and Paving by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) II-81
• Table 39: World Recent Past, Current & Future Analysis for Epoxy Resins Consumption in Miscellaneous Applications by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) II-82
• Table 40: World Long-term Projections for Epoxy Resins Consumption in Miscellaneous Applications by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) II-83
• Table 41: World Historic Review for Epoxy Resins Consumption in Miscellaneous Applications by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) II-84
• Table 42: World 20-Year Perspective for Epoxy Resins Consumption in Miscellaneous Applications by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) II-85

III. MARKET

1. United States

• A.Market Analysis III-1
• A Primer III-1
• Table 43: North American Epoxy Resins Market in Retrospect: Percentage Breakdown of Capacities of Major Players - Resolution Performance Products, Dow Chemical, Huntsman Advanced Materials*, and Others for the Year 2003 (includes corresponding Graph/Chart) III-1
• Product Launches III-1
• Strategic Corporate Developments III-7
• Key Players III-9
• B.Market Analytics III-13
• Table 44: US Recent Past, Current & Future Analysis for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-13
• Table 45: US Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-13
• Table 46: US Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-14
• Table 47: US 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-14

2. Canada

• A.Market Analysis III-15
• Relying More on the US III-15
• B.Market Analytics III-15
• Table 48: Canadian Recent Past, Current & Future Analysis for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-15
• Table 49: Canadian Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-16
• Table 50: Canadian Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-16
• Table 51: Canadian 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-17

3. Japan

• A.Market Analysis III-18
• Outlook III-18
• Product Launch III-18
• Strategic Corporate Developments III-18
• Key Players III-20
• B.Market Analytics III-21
• Table 52: Japanese Recent Past, Current & Future Analysis for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-21
• Table 53: Japanese Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-21
• Table 54: Japanese Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-22
• Table 55: Japanese 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-22

4. Europe

• A.Market Analysis III-23
• Outlook III-23
• Product Launches III-23
• Strategic Corporate Developments III-24
• Key Players III-27
• B.Market Analytics III-28
• Table 56: European Recent Past, Current & Future Analysis for Epoxy Resins by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-28
• Table 57: European Long-term Projections for Epoxy Resins by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-29
• Table 58: European Historic Review for Epoxy Resins by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-29
• Table 59: European 20-Year Perspective for Epoxy Resins by Geographic Region - Percentage Breakdown of Volume Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-30
• Table 60: European Recent Past, Current & Future Analysis for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-31
• Table 61: European Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-31
• Table 62: European Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-32
• Table 63: European 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-32

4a. France

• Market Analysis III-33
• Table 64: French Recent Past, Current & Future Analysis for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-33
• Table 65: French Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-34
• Table 66: French Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-34
• Table 67: French 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent -Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-35

4b. Germany

• Market Analysis III-36
• Table 68: German Recent Past, Current & Future Analysis for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-36
• Table 69: German Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-37
• Table 70: German Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-37
• Table 71: German 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-38

4c. Italy

• Market Analysis III-39
• Table 72: Italian Recent Past, Current & Future Analysis for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-39
• Table 73: Italian Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-40
• Table 74: Italian Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-40
• Table 75: Italian 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-41

4d. The United Kingdom

• Market Analysis III-42
• Table 76: UK Recent Past, Current & Future Analysis for Epoxy Resins by End-Use Segment -Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-42
• Table 77: UK Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-43
• Table 78: UK Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-43
• Table 79: UK 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-44

4e. Spain

• Market Analysis III-45
• Table 80: Spanish Recent Past, Current & Future Analysis for Epoxy Resins by End-Use Segment -Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-45
• Table 81: Spanish Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent- Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-46
• Table 82: Spanish Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent- Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-46
• Table 83: Spanish 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-47

4f. Russia

• A. Market Analysis III-48
• A Primer III-48
• B. Market Analysis III-48
• Table 84: Russian Recent Past, Current & Future Analysis for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-48
• Table 85: Russian Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-49
• Table 86: Russian Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-49
• Table 87: Russian 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-50

4g. Rest of Europe

• Market Analysis III-51
• Table 88: Rest of Europe Recent Past, Current & Future Analysis for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-51
• Table 89: Rest of Europe Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-52
• Table 90: Rest of Europe Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-52
• Table 91: Rest of Europe 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-53

5. Asia Pacific

• A.Market Analysis III-54
• Outlook III-54
• China III-54
• Unbridled Epoxy Resin Growth in China III-54
• Leading Players III-54
• Table 92: Production Capacity of Leading Epoxy Resin Manufacturers in China: 2005 (includes corresponding Graph/Chart) III-55
• Table 93: Production Capacity of Leading Epoxy Resin Manufacturers in China: 2004 (includes corresponding Graph/Chart) III-56
• Table 94: Chinese Epoxy Resins Demand by End-Use: 2004 ( includes corresponding Graph/Chart) III-56
• Table 95: Epoxy Resins Market in China (2001, 2002 and 2003): Major Export Destinations -HongKong, Taiwan, France, Vietnam and South Korea (Exports in Tons) (includes corresponding Graph/Chart) III-57
• Table 96: Epoxy Resins Market in China (2001, 2002 and 2003): Major Import Sources - Taiwan, South Korea, US, Japan and Holland (Imports in Tons) (includes corresponding Graph/Chart) III-57
• Hong Kong III-57
• India III-58
• An Enterprising Market III-58
• Indonesia III-58
• Imports - Major Source of Domestic Demand III-58
• Table 97: Indonesian Epoxy Resin Imports (1999-2000): Breakdown of Import Volume by Country of Origin- Japan, South Korea, Singapore, Taiwan, Germany, Thailand, Switzerland and Others (In Tons) (includes corresponding Graph/Chart) III-58
• Table 98: Indonesian Epoxy Resin Imports (1999-2000): Breakdown of Import Value by Country of Origin- Japan, South Korea, Singapore, Taiwan, Germany, Thailand, Switzerland and Others (In US$ Thousands) (includes corresponding Graph/Chart) III-59
• Singapore III-59
• Korea III-59
• Table 99: Epoxy Resins Market in South Korea (2006): Percentage Breakdown of Epoxy Resins Exports by Country - China, US, EU, Taiwan, Japan, and Others (includes corresponding Graph/Chart) III-59
• Table 100: Epoxy Resins Market in South Korea (2006): Percentage Breakdown of Capacities of Major Players - Kukdo Chemical, Kheumho P&B, Hexion Korea and Dow Chemical Korea (includes corresponding Graph/Chart) III-60
• Strategic Corporate Developments III-60
• Key Players III-63
• B.Market Analytics III-64
• Table 101: Asia-Pacific Recent Past, Current & Future Market Analysis for Epoxy Resins by End-Use Segment -Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-64
• Table 102: Asia-Pacific Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent- Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-64
• Table 103: Asia-Pacific Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent- Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-65
• Table 104: Asia-Pacific 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Marketsfor 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-65
• Table 105: Chinese Recent Past, Current & Future Analysis for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings,Water- Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-66
• Table 106: Chinese Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent- Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-66
• Table 107: Chinese Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-67
• Table 108: Chinese 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-67
• Table 109: Rest of Asia-Pacific Recent Past, Current & Future Market Analysis for Epoxy Resins by End-Use Segment -Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-68
• Table 110: Rest of Asia-Pacific Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-68
• Table 111: Rest of Asia-Pacific Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-69
• Table 112: Rest of Asia-Pacific 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-69

6. Latin America

• A.Market Analysis III-70
• Strategic Corporate Development III-70
• B.Market Analytics III-70
• Table 113: Latin American Recent Past, Current & Future Market Analysis for Epoxy Resins by End-Use Segment -Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-70
• Table 114: Latin American Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-71
• Table 115: Latin American Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-71
• Table 116: Latin American 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-72

7. Rest of World

• A.Market Analysis III-73
• Strategic Corporate Development III-73
• Nama Chemicals (Saudi Arabia) - A Key Player in Middle East III-73
• B.Market Analytics III-74
• Table 117: Rest of World Recent Past, Current & Future Market Analysis for Epoxy Resins by End-Use Segment -Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2001 through 2010 (includes corresponding Graph/Chart) III-74
• Table 118: Rest of World Long-term Projections for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 2011 through 2015 (includes corresponding Graph/Chart) III-74
• Table 119: Rest of World Historic Review for Epoxy Resins by End-Use Segment - Paints and Coatings (Solvent- Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets Independently Analyzed with Annual Sales Figures in Thousand Tons for Years 1991 through 2000 (includes corresponding Graph/Chart) III-75
• Table 120: Rest of World 20-Year Perspective for Epoxy Resins by End-Use Segment - Percentage Breakdown of Volume Sales for Paints and Coatings (Solvent-Based Paints and Coatings, Water-Based Paints and Coatings, Powder Coatings), Electrical Laminates, Bonding, Flooring and Paving and Miscellaneous End-Use Markets for 1991, 1995, 2007 & 2010 (includes corresponding Graph/Chart) III-75

IV. COMPETITION

• 1. 3M Company (USA) IV-1
• 2. Aditya Birla Chemicals (Thailand) Ltd. (Thailand) IV-3
• Epoxy Division Aditya Birla Chemicals (Thailand) IV-4
• 3. Advanced Composites Group Ltd. (UK) IV-5
• 4. Air Products and Chemicals, Inc. (USA) IV-6
• 5. Alchemie Ltd. (UK) IV-8
• 6. AL-Jubail Chemical Industries Company (Saudi Arabia) IV-9
• 7. Arkema SA (France) IV-10
• 8. Adeka Corporation (Japan) IV-12
• 9. Asahi Kasei Chemicals Corporation (Japan) IV-14
• 10. Ashland Specialty Chemical Co., (USA) IV-16
• 11. Atul Ltd. (India) IV-17
• 12. Axson France (France) IV-19
• 13. Baling Petrochemical Co., Ltd. (China) IV-20
• 14. Bharat Resins Ltd. (India) IV-21
• 15. Bluebell Polymers Private Ltd. (India) IV-21
• 16. Bluestar New Chemical Materials Co., Ltd. (China) IV-22
• 17. Chang Chun Group (Taiwan) IV-24
• 18. Cognis GmbH (Germany) IV-25
• Cognis Benelux BV (The Netherlands) IV-25
• 19. Copps Industries, Inc. (USA) IV-26
• 20. CTP Chemicals And Technologies For Polymers GmbH (Germany) IV-27
• 21. CVC Specialty Chemicals, Inc. (USA) IV-28
• 22. Cytec Industries, Inc. (USA) IV-30
• 23. Daicel Chemical Industries Ltd. (Japan) IV-32
• 24. Dainippon Ink and Chemicals, Inc. (Japan) IV-34
• 25. DIC Epoxy (Malaysia) SDN. BHD. (Malaysia) IV-35
• 26. Dow Chemical Company, The (USA) IV-36
• Dow Epoxy (USA) IV-38
• Dow Chemical (Zhangjiagang) Co., Ltd. (China) IV-39
• 27. DSM NV (The Netherlands) IV-40
• DSM Somos (USA) IV-41
• 28. E.I. DuPont De Nemours & Company (USA) IV-42
• 29. Epic Resins (USA) IV-44
• 30. Epolab Chemical Industries, Inc. (Taiwan) IV-45
• 31. Epoxyn Products (USA) IV-46
• 32. Fielco LLC (USA) IV-46
• 33. Fong Yong Chemical Co., Ltd. (Taiwan) IV-47
• 34. Fox Industries, Inc. (USA) IV-47
• 35. Gemco Ltd. (New Zealand) IV-48
• 36. Guangzhou Hongchang Electronic Material Industry Company
• Ltd. (China) IV-48
• 37. Henkel Corporation (USA) IV-49
• 38. Hexion Specialty Chemicals, Inc. (USA) IV-50
• 39. Huachang Polymer Co., Ltd. (China) IV-52
• 40. Huangshan Huamei Fine Chemical Co., Ltd. (China) IV-53
• 41. Huangshan Runfa Chemicals Co., Ltd. (China) IV-53
• 42. Hunan Xiangjiang Coating Group Co., Ltd. (China) IV-54
• 43. Huntsman Corporation (USA) IV-55
• Huntsman Advanced Materials LLC (USA) IV-57
• 44. Japan Epoxy Resins Co., Ltd. (Japan) IV-59
• 45. Jiangsu Yixing Sanmu Group Co., Ltd. (China) IV-60
• 46. Kingboard Chemical Holdings (China) IV-61
• 47. Korea Kumho Petrochemical Co., Ltd. (South Korea) IV-62
• 48. KukDo Chemical Co., Ltd. (Korea) IV-63
• 49. Liaoning Dalian Qihua Chemical Industrial Co., Ltd. (China) IV-63
• 50. Magnolia Plastics, Inc. (USA) IV-64
• 51. Mitsubishi Chemical Corporation (Japan) IV-65
• 52. Mitsui Chemicals, Inc. (Japan) IV-67
• 53. Nagase & Company Ltd. (Japan) IV-69
• Nagase ChemteX Corporation (Japan) IV-70
• 54. Nama Chemicals Co. (Saudi Arabia) IV-71
• 55. Nan YA Plastics Corporation (Taiwan) IV-72
• 56. New Japan Chemical Co., Ltd. (Japan) IV-73
• 57. Nippon Steel Chemical Co., Ltd. (Japan) IV-74
• 58. Nissan Chemical Industries Ltd. (Japan) IV-76
• 59. Nitto Denko Corporation (Japan) IV-78
• Nitto Denko America, Inc. (USA) IV-80
• 60. Norsun Chemicals Limited Co., Ltd. (China) IV-81
• 61. Pelnox Ltd. (Japan) IV-81
• 62. Polychem Corporation (USA) IV-82
• 63. Prime Resins, Inc. (USA) IV-83
• 64. PT Batavindo Kridanusa (Indonesia) IV-84
• 65. RBC Industries, Inc. (USA) IV-85
• 66. Reichhold, Inc. (USA) IV-86
• 67. Roto Polymers And Chemicals (India) IV-87
• 68. S.I.Q. - Kunstharze GmbH (Germany) IV-88
• 69. Sea Chief Enterprise Co., Ltd. (Taiwan) IV-89
• 70. Shenyang Chemical Industrial Co., Ltd. (China) IV-90
• 71. Showa Denko K.K. (Japan) IV-91
• 72. Spolchemie AS (Czech Republic) IV-94
• 73. Sumitomo Bakelite Co., Ltd. (Japan) IV-97
• 74. Sumitomo Chemical Co., Ltd. (Japan) IV-99
• 75. Tianjin KC Chemical Co., Ltd. (China) IV-101
• 76. TPR2 Corporation (USA) IV-102
• 77. Tohto Kasei Co., Ltd. (Japan) IV-103
• 78. Tra-Con (USA) IV-104
• 79. UPPC AG (Germany) IV-104
• 80. Wah Ma Chemical Sdn. Bhd. (Malaysia) IV-105
• 81. West System, Inc. (USA) IV-106
• 82. Wuxi DIC Epoxy Co., Ltd. (China) IV-108
• 83. Wuxi Wells Synthetic Material Co., Ltd. (China) IV-108
• 84. Yueyang Petrochemical General - Epoxy Resin Plant (China) IV-109
• 85. Z.CH. "Organika-Sarzyna" SA (Poland) IV-109