Acrylic Resins - The Freedonia Group

US Outlook for
Acrylic Resins
with forecasts to 2005 and 2010
• Demand for acrylic resins will increase 3.9 percent per year to 3.7 billion pounds
in 2005, valued at $2.6 billion.
• The largest market for acrylic resins (accounting for nearly one-third of total
demand in 2000) is the manufacture of paints and coatings.
• The US acrylic monomers industry is extremely concentrated, with just six companies
-- Rohm and Haas, INEOS Acrylics (formerly ICI Acrylics), Celanese, Dow
Chemical, CYRO Industries (a joint venture of Rohm GmbH and Cytec), and
BASF -- supplying nearly 90 percent of total demand.

Freedonia Industry Study #1492
Acrylic Resins
Study Publication Date: December 2001
Price: $3,600
Pages: 237
Acrylic Resins, a new study from The Freedonia Group,
provides you with an in-depth analysis of major trends in
the industry and the outlook for product segments and
major markets -- critical information to help you with
strategic planning.
This brochure gives you an indication of the scope, depth
and value of Freedonia's new study, Acrylic Resins. Ordering
information is included on the back page of the
brochure.
Brochure Table of Contents
Study Highlights ............................................................................... 2
Table of Contents and List of Tables and Charts ............................. 4
Sample Pages and Sample Tables from:
Market Environment .................................................... 6
Acrylates and Methacrylates ......................................... 7
Markets........................................................................ 8
Industry Structure ........................................................ 9
Company Profiles ...................................................... 10
List of Companies Profiled ........................................ 11
Forecasting Methodology ............................................................... 12
About the Company ....................................................................... 13
Advantages of Freedonia Reports ................................................... 13
About Our Customers .................................................................... 14
Other Titles From Freedonia ......................................................... 15
Ordering Information..................................................................... 16

2
Study Highlights
Acrylic Resins #1492
• Demand for acrylic resins will increase 3.9 percent
per year to 3.7 billion pounds in 2005, valued at
$2.6 billion.
• While methacrylates will continue to account for the
majority of acrylic resins demand, acrylates will
record more rapid growth through 2005, the result of
the latter's lower level of dependence upon highly
cyclical markets, such as transportation equipment
and construction.
• The largest market for acrylic resins (accounting for
nearly one-third of total demand in 2000) is the
manufacture of paints and coatings.
• The plastics industry will record above-average
growth in demand, as the number of applications
grows for polymer property modifiers.
• The US acrylic monomers industry is extremely
concentrated, with just six companies -- Rohm and
Haas, INEOS Acrylics (formerly ICI Acrylics),
Celanese, Dow Chemical, CYRO Industries (a joint
venture of Rohm GmbH and Cytec), and BASF -supplying
nearly 90 percent of total demand.
Freedonia Industry Study

Study Highlights
Acrylic Resins Demand
(million pounds)
% Annual Growth
Item 1995 2000 2005 2010 00/95 05/00
Gross Domestic Product (bil 1996$) 7544 9224 10550 12100 4.1 2.7
lbs acrylic/mil $ GDP 323 330 349 370 -- --
Acrylic Resins Demand
By Monomer:
2437 3042 3685 4475 4.5
SUMMARY TABLE
3.9
Methacrylates 1259 1626 1945 2330 5.2 3.6
Acrylates 1178 1416 1740 2145 3.7 4.2
By Market:
Paints & Coatings 804 986 1200 1465 4.2 4.0
Construction 352 443 515 605 4.7 3.1
Plastics 237 311 395 490 5.6 4.9
Textiles & Fibers 249 269 305 350 1.6 2.5
Industrial & Commercial 179 258 310 370 7.6 3.7
Adhesives 177 227 280 345 5.1 4.3
Paper & Paperboard 123 156 200 260 4.9 5.1
Other Markets 316 392 480 590 4.4 4.1
$/lb 0.62 0.64 0.70 0.76 0.6 1.8
Acrylic Resins Demand (mil $) 1509 1946 2580 3380 5.2 5.8
© Copyright by The Freedonia Group, Inc.
Acrylic Resins Demand by Monomer,
1995 Versus 2000
(million pounds)
2000
1500
1000
500
0
Acrylates Methacrylates
Acrylic Resins #1492 Order form on last page
1995
2000
3

4
List of Contents,
Tables and Charts
I. EXECUTIVE SUMMARY
Summary Table ................................................................ 3
II. MARKET ENVIRONMENT
General .......................................................................... 4
Macroeconomic Environment .............................................. 5
Table - Macroeconomic Indicators .................................... 7
Consumer Spending Trends ................................................ 7
Table - Consumer Spending Activity................................ 9
Demographic Trends ........................................................... 9
Table - Demographic Indicators .....................................11
Manufacturing Outlook .....................................................11
Table - Manufacturers’ Shipments ..................................14
Historical Trends ................................................................14
Table - Acrylic Resins Historical Trends ..........................16
Chart - Acrylic Resins Historical Trends ..........................16
Technology ........................................................................17
Production Processes .......................................................18
Polymerization Processes .................................................21
Feedstocks.......................................................................23
Table - Feedstocks Consumption ................................26
Environmental & Regulatory Considerations .....................26
Environmental Factors ....................................................27
Health Factors .................................................................27
Recycling ........................................................................29
Pricing Considerations ........................................................30
Table - Acrylic Resins Pricing ..........................................31
Acrylates ........................................................................31
Methacrylates..................................................................32
Foreign Trade .....................................................................33
Table - Foreign Trade in Acrylic Resins ..........................34
International Activity ..........................................................35
Acrylates ........................................................................35
Methacrylates..................................................................36
III. ACRYLIC RESIN MARKETS
General ........................................................................37
Table - Acrylic Resins Markets ........................................38
Chart - Acrylic Resins Markets, 2000..............................39
Paints & Coatings ..............................................................39
Paints & Coatings Outlook.............................................39
Table - Paints & Coatings Shipments .........................41
Acrylic Resins Demand ...................................................42
Table - Paints & Coatings Markets for Acrylic Resins ....44
Construction ......................................................................44
Construction Overview...................................................45
Table - Construction Activity .....................................46
Acrylic Resins Demand ...................................................46
Table - Construction Markets for Acrylic Resins ..........48
Plastics ........................................................................48
Plastics Industry Overview ..............................................48
Table - Plastics Supply & Demand .............................50
Acrylic Resins Demand ...................................................50
Table - Plastics Markets for Acrylic Resins ...................52
Textiles & Fibers ................................................................53
Textile & Fiber Products Overview ................................53
Table - Textile & Fiber Industry Indicators ................54
Acrylic Resins Demand ...................................................54
Table - Textiles & Fibers Markets for Acrylic Resins ...55
Industrial & Commercial ....................................................56
Retail Sales Outlook ........................................................56
Table - Retail Sales ......................................................58
Acrylic Resins Demand ...................................................58
Table - Industrial & Commercial
Markets for Acrylic Resins .........................................59
Adhesives & Sealants ..........................................................60
Adhesives & Sealants Overview ......................................60
Table - Adhesives & Sealants Production ....................61
Acrylic Resins Demand ...................................................61
Table - Adhesives & Sealants Markets for Acrylic Resins ....63
Transportation Equipment .................................................63
Transportation Markets Overview ..................................64
Table - Transportation Equipment Shipments ...........65
Acrylic Resins Demand ...................................................65
Table - Transportation Equipment
Markets for Acrylic Resins .........................................66
Paper & Paperboard ...........................................................67
Paper & Paperboard Overview .......................................67
Table - Paper & Paperboard Production .....................68
Acrylic Resins Demand ...................................................68
Table - Paper & Paperboard Markets for Acrylic Resins ...69
Consumer Products ............................................................70
Table - Consumer Products Markets for Acrylic Resins ...71
Other Markets ....................................................................71
Table - Other Markets for Acrylic Resins .........................73
Acrylic Resins #1492 Freedonia Industry Study

IV. ACRYLATES
General ........................................................................74
Acrylates Producers & Capacity ..........................................75
Table - Acrylates Capacity by Producer, 2000 ................77
Chart - Acrylates Esters Capacity by Producer, 2000 ......78
Acrylates Supply & Demand ..............................................78
Table - Acrylates Supply & Demand ..............................80
Acrylates Demand by Type ................................................80
Table - Acrylates Demand by Type ................................81
Chart - Acrylates Demand by Type, 2000 .....................81
Butyl Acrylate ...............................................................82
Table - Butyl Acrylate Demand ..................................83
Ethyl Acrylate ...............................................................83
Table - Ethyl Acrylate Demand ..................................84
Ethylhexyl Acrylate.......................................................85
Table - Ethylhexyl Acrylate Demand ..........................86
Other Acrylates .............................................................86
Table - Other Acrylates Demand ................................88
Acrylates Markets ................................................................88
Table - Acrylates Demand by Market .............................89
Chart - Acrylates Demand by Market, 2000 ...................89
Paints & Coatings ...........................................................90
Table - Paints & Coatings Markets for Acrylates .........93
Textiles & Fibers ............................................................93
Table - Textiles & Fibers Markets for Acrylates ...........95
Adhesives ........................................................................95
Table - Adhesives & Sealants Markets for Acrylates .....97
Paper & Paperboard .......................................................97
Table - Paper & Paperboard Markets for Acrylates ......98
Plastics ........................................................................99
Table - Plastics Markets for Acrylates ........................ 101
Other Markets ............................................................. 101
Table - Other Markets for Acrylates ......................... 103
V. METHACRYLATES
General ..................................................................... 104
Methacrylates Producers & Capacity ............................... 104
Table - Methacrylates Capacity by Producer, 1998 ..... 107
Chart - Methacrylates Capacity by Producer, 2000 ..... 107
Methacrylates Supply & Demand ................................... 108
Table - Methacrylates Supply & Demand ................... 109
Methacrylates Demand by Type ..................................... 109
Table - Methacrylates Demand by Type ..................... 110
Methyl Methacrylate ................................................... 110
Table - Methyl Methacrylate Supply & Demand .... 113
Other Methacrylates .................................................... 113
Table - Other Methacrylates Supply & Demand ..... 114
Chart - Other Methacrylates Demand by Type, 2000 ... 115
Acrylic Resins #1492
Butyl Methacrylate .................................................. 115
Lauryl Methacrylate ................................................. 117
Stearyl Methacrylate ................................................. 117
Isobutyl Methacrylate .............................................. 118
Glycidyl Methacrylate .............................................. 118
Ethyl Methacrylate .................................................. 119
Miscellaneous Methacrylates .................................... 120
Methacrylates Markets ..................................................... 122
Table - Methacrylates Demand by Market .................. 123
Chart - Methacrylates Markets, 2000 .......................... 123
Construction ............................................................... 124
Table - Construction Markets for Methacrylates ...... 125
Paints & Coatings ........................................................ 126
Table - Paints & Coatings Markets for Methacrylates 127
Industrial & Commercial ............................................. 127
Table - Industrial & Commercial
Markets for Methacrylates ...................................... 129
Plastics ..................................................................... 129
Table - Plastics Markets for Methacrylates ................ 130
Transportation Equipment .......................................... 130
Table - Transportation Equipment
Markets for Methacrylates ...................................... 132
Adhesives & Sealants ................................................... 132
Table - Adhesives & Sealants
Markets for Methacrylates ...................................... 133
Consumer Products ..................................................... 133
Table - Consumer Product Markets for Methacrylates .. 135
Other Markets ............................................................. 136
Table - Other Markets for Methacrylates.................. 139
VI. INDUSTRY STRUCTURE
General ..................................................................... 140
Industry Concentration & Market Share ......................... 140
Chart - Acrylic Resins Market Share, 2000 .................. 142
Acrylates ..................................................................... 143
Chart - Acrylates Market Share, 2000 ...................... 144
Methacrylates............................................................... 145
Chart - Methacrylates Market Share, 2000 .............. 146
Industry Restructuring .................................................... 146
Table - Selected Acquisitions & Divestitures ................ 148
Cooperative Agreements .................................................. 151
Table - Selected Cooperative Agreements ..................... 152
Marketing & Distribution ............................................... 154
Research & Development ................................................ 156
Competitive Strategies ..................................................... 158
Company Profiles .....................................................160-237
Order form on last page
5

6
Market Environment
The Market Environment Section
discusses factors influencing acrylic
resin demand, including technology
and environmental considerations.
This information provides you with an
understanding and an analysis of the
climate in which the acrylic resins
industry operates.
Acrylic Resins #1492
Feedstocks
MARKET ENVIRONMENT
Demand for raw materials used in the manufacture of acrylic monomers will
expand 3.8 percent per year to 4.4 billion pounds in the year 2005. Raw material
feedstocks utilized SAMPLE in the production PAGEof
acrylic resins consist primarily of acetone
and hydrogen cyanide (to produce methacrylates), acrylic acid (to produce
acrylates) and a range of monohydric alcohols with which the feedstocks are
reacted to produce the various acrylic monomers. Other chemicals, while not
feedstocks, are also utilized, including catalysts and sulfuric acid. In general, the
feedstocks and other necessary chemicals required for acrylic resins production are
widely available and in adequate supply.
Back-integration into raw materials is commonplace in the acrylates sector of the
industry, with all four producers operating acrylic acid production facilities. In
addition, three of the four manufacture at least some of the alcohols required for
acrylics production. In methacrylates, however, the situation is markedly
different. Apart from Rohm and Haas, which produces its own hydrogen cyanide,
methacrylate producers must purchase their raw material requirements on the
merchant market. Overall, Dow Chemical is the most back-integrated, with inhouse
production of acrylic acid, ethanol, butanol, ethylhexanol and isopropanol.
The supply of monohydric alcohols for use in acrylic resin manufacture is more
than adequate, and there are a number of different sources for these products. The
principal alcohols used in the manufacture of acrylic resins are methanol, butanol,
ethanol and ethylhexanol. The supply of methanol and ethanol is not expected to
be a problem, since acrylics production represents a comparatively small end use.
With respect to butanol and ethylhexanol, however, the situation is different since
acrylics manufacture represents a significant outlet for both alcohols.
Acetone is the largest volume feedstock used in the manufacture of methacrylates,
specifically methyl methacrylate. Unlike acrylates, which all begin with acrylic
Freedonia Industry Study

Acrylates & Methacrylates
These Sections provide demand for
historical years and forecast growth to
2005 and 2010.
This information helps you:
• Analyze your company's
growth potential in
the industry.
• Outline your strategic
plans for five and ten
years out.
• Establish sales goals.
Acrylates Demand by Type - Ethyl Acrylate
ACRYLATES
Demand for ethyl acrylate will advance 3.8 percent per year to 315 million pounds
SAMPLE PAGE
in the year 2005, valued at $200 million. Gains will result from increasing use in
paints and coatings, as well as its growing use as an intermediate in specialty
polymers, such as ethylene ethyl acrylate (EAA). Ethyl acrylate, which is slightly
less expensive than butyl acrylate, imparts a moderately higher level of abrasion
resistance to the end product and is thus frequently used in conjunction with butyl
acrylate.
Producers of ethyl acrylate include BASF, Celanese, Dow Chemical and Rohm and
Haas, all of whom are back-integrated into acrylic acid. Celanese is primarily a
merchant marketer, while the others all use some of their production captively.
Allchem and Ashland Chemical also market ethyl acrylate in the US.
Methyl Methacrylate Supply & Demand
Ethylhexyl Acrylate
(million pounds)
Demand for ethylhexyl acrylate will increase 3.2 percent annually to 145 million
pounds in the year 2005, valued at $100 million. Gains will result primarily from
Item the increased production of 1990 paints and 1995 coatings. 2000 In particular, 2005 ethylhexyl 2010 acrylate
is used in automotive clearcoats. In addition to being the acrylic base resin in
Methyl Methacrylate Production automotive clearcoats, ethylhexyl 1050 acrylate 1241 also 1510 helps to 1780 protect the 2100 finish from
+ imports
damage and fading caused by ultraviolet (UV) rays.
3 38 45 55 60
- exports 125 155 90 80 60
Ethylhexyl acrylate is somewhat more specialized SAMPLE than either TABLE butyl or ethyl
Methyl Methacrylate Demand acrylate. The relatively low 928 level of 1124 production 1465 eliminates 1755 economies 2100 of scale, so
PMMA Sheet that selling prices for ethylhexyl 331 acrylate 418 are higher 573 than 675 other commodity 800
PMMA Molding & Powder acrylates. Resins
Other Polymer Forms
162
435
197
509
255
637
305
775
365
935
$/lb
Manufacturers of ethylhexyl acrylate include BASF, Celanese and Dow Chemical.
0.48 0.68 0.65 0.72 0.77
Methyl Methacrylate Demand (mil $) 445 764 952 1265 1620
% methyl methacrylate 88.7 89.3 90.1 90.2 90.1
Methacrylates Demand (mil lbs) 1046 1259 1626 1945 2330
© Copyright by The Freedonia Group, Inc.
Acrylic Resins #1492 Order form on last page
7

8
Markets
The Markets Section analyzes trends
and considers the threats and
opportunities in each of the major
markets for acrylic resins.
The information presented will
help you:
• Focus your sales and marketing
efforts on high growth areas.
• Propose new areas for development.
Acrylic Resins #1492
Industrial & Commercial - Acrylic Resins Demand
ACRYLIC RESIN MARKETS
Demand for acrylic resins in industrial and commercial markets will increase 3.7
percent annually to 310 million pounds in the year 2005. Demand in these
applications is accounted SAMPLE for entirely PAGE by methacrylates, which are consumed in the
form of polymethyl methacrylate (PMMA) sheet and molding resins. Commercial
applications (retail signage) will record more rapid growth, as the clarity, toughness
and competitive cost of acrylic signage boosts market penetration. Industrial
applications will record more modest growth, reflective of slowing growth in
industrial production.
In commercial markets, PMMA sheet products manufactured from methyl
methacrylate are expected to continue to take market share from wood and neon
signs due to their superior protection against the elements, vandalism and other
damage. In addition, back-lit acrylic signage is becoming the dominant choice for
free-standing signs which are designed primarily to increase the visibility of a range
of retail and commercial establishments. Apart from exterior signage, commercial
applications also include point-of-sale (POS) advertising, poster boxes (eye level
advertising fixtures mounted in transit stations and shopping malls) and other
advertising displays.
Plastic Markets for Acrylic Resins by Monomer & Application
(million pounds) In industrial segments of the market, products include goggles, face plates,
Item
equipment housings and screens. These products shield workers from the moving
1990 1995 2000 2005 2010
parts of industrial machinery or from other workplace hazards, such as flying
Plastics Production (bil shreds lbs) of debris or extreme 62.0 heat. Competing 78.7 materials 98.8 include 118.5 polycarbonate 139.8 and
lbs acrylics/000 lbs plastic polyethylene terephthalate 2.8 (PET), although 3.0 acrylics 3.1 generally 3.3 maintain 3.5 a
competitive advantage over polycarbonate in price, while PET products are more
Acrylic Resins in Plastics or less limited to light duty 172 applications. 237 SAMPLE 311 TABLE 395 490
By Monomer:
Acrylates 64 92 122 155 190
Methacrylates 108 145 189 240 300
By Application:
Property Modifiers 114 159 211 270 340
Co-Monomers 58 78 100 125 150
% plastics 8.7 9.7 10.2 10.7 10.9
Acrylic Resins Demand 1971 2437 3042 3685 4475
© Copyright by The Freedonia Group, Inc.
Freedonia Industry Study

Industry Structure
Sample page from
Freedonia Industry Study
Gain #1117 a better Fractional understanding Horsepower of your Motors
competition and analyze your
company's position in the industry with
information about:
• industry composition & market share
• competitive strategies
• industry restructuring
• marketing & distribution
• research & development
• cooperative agreements
Research & Development
INDUSTRY STRUCTURE
As in most chemicals and plastics businesses, research and development efforts are
an important part of any competitor’s acrylics business. By and large, research
efforts have focused on the development of new products, with improved
performance characteristics or wider application. In addition, a number of
companies have expanded their research and development efforts in order to widen
their product lines.
SAMPLE PAGE
The primary area of research has been the development of new products. For
example, a number of producers have developed methyl methacrylates which are
resistant to gamma radiation (for medical devices), ultraviolet stable grades (for
construction products) and specialized emulsions and suspensions (for coatings and
adhesives manufacture).
Additionally, companies have moved to expand their technological reach through
the licensing of production methods which lower manufacturing costs and/or reduce
environmental problems. For example, several Japanese producers (particularly
Asahi and Nippon Shokubai) license their methyl methacrylate processes
worldwide, although these processes are not yet in use in the US.
Asahi Chemical has developed a process through which methyl methacrylate is
manufactured via direct esterification. Asahi Chemical is currently the only
producer in the world using this process, at a 135-million- pound-per-year plant in
Kawasaki, Japan. The plant, which has been in operation since early 1999, will
soon be expanded to 220 million pounds. The process is expected to decrease
costs related to building MMA plants. A 65- million-pound-per-year facility,
which uses the acetone cyanohydrin process, has been closed.
Shell has developed a process for manufacturing methyl methacrylates (and other
methacrylates) which uses methylacetylene and propadiene as feedstocks. The
Acrylic Resins #1492 Order form on last page
9

Company Profiles
The Profiles Section analyzes 40
companies active in the U.S. acrylic
resins market. These profiles represent
a sampling or cross-section of the types
of companies involved in the industry.
Divisions, subsidiaries, joint
ventures, etc., are discussed under
appropriate parent companies.
Sources for profiles included:
• Information provided by
key staff members in the
respective companies
• Annual reports
• 10-K reports
• Security analysts reports
• Corporate product literature
Acrylic Resins #1492
10
Cytec Industries Incorporated
Five Garret Mountain Plaza
West Paterson, NJ 07424
973-357-3100
http://www.cytec.com
COMPANY PROFILES
Cytec is a vertically integrated industrial chemicals company which operates in
four segments: Water and Industrial Process Chemicals, Specialty Materials,
Performance Products and Building Block Chemicals. Cytec’s 2000 sales totaled
$1.5 SAMPLE billion, of which PAGE sales to the million. The Company employed 4,800 in
2000.
The Company is involved in the US acrylic resins industry through the Building
Block Chemicals, Water and Industrial Process Chemicals, and Performance
Products segments, as well as through the CYRO Industries joint venture. Through
the Building Block Chemicals segment, Cytec manufactures such chemical
intermediates as acrylonitrile, acrylamide, hydrocyanic acid, melamine and sulfuric
acid for internal consumption as well as sale to the merchant market. These raw
materials are produced primarily at a facility in Fortier, Louisiana.
As of 2000, the Building Block Chemicals segment had a capacity for 475 million
pounds of acrylonitrile annually. Approximately 25 percent of the segment’s
acrylonitrile is designated for captive use by Cytec for the production of
acrylamide. An estimated 40 percent of the segment’s capacity for 200 million
pounds of acrylamide is used by the Company’s Performance Products segment for
the manufacture of flocculants. Virtually all of the segment’s hydrocyanic acid, a
by-product of the acrylonitrile process, is sold to CYRO Industries (Rockaway,
New Jersey), a joint venture between Cytec and Röhm GmbH and Company KG
(Germany), a subsidiary of E.ON AG (Germany). Hydrocyanic acid is a raw
© Copyright by The Freedonia Group, Inc.
Freedonia Industry Study

Companies
Profiled
Air Products and Chemicals Inc.
Wacker Polymer Systems GmbH
Akzo Nobel NV
Ashland Inc.
Drew Industrial
Avecia
NeoResins
Avery Dennison Corp.
BASF AG
Chemdal International
Bayer AG
PolymerLatex GmbH & Co. KG
Sybron Chemicals Inc.
Ciba Specialty Chemicals Inc.
Cytec Industries Inc.
CYRO Industries
Dainippon Ink and Chemicals Inc.
Reichhold
Dow Chemical Co.
Union Carbide Corp.
DuPont (EI) de Nemours
E.ON AG
Creanova
CYRO Industries
Degussa Corp.
PolymerLatex GmbH & Co. KG
Röhm GmbH and Co. KG
SKW Trostberg AG
StoHaas Monomer GmbH and Co. KG
VEBA AG
Eastman Chemical Co.
ABCO Industries Inc.
Lawter International Inc.
McWhorter Technologies Inc.
Exxon Mobil Corp.
Fuller (HB) Co.
Goodrich Corp.
Henkel KGaA
Cognis Corp.
Loctite Corp.
Imperial Chemical Industries plc
Emerson & Cuming
National Starch and Chemical Co.
Permabond International
TRA-CON Inc.
INEOS plc
ICI Acrylics
Phenolchemie
International Specialty Products Inc.
Johnson (SC) & Son Inc.
Kelly-Moore Paint Co. Inc.
Ponderosa Paint Manufacturing Inc.
Landec Corp.
Dock Resins Corp.
Mitsubishi Corp.
Aristech Acrylics LLC
Mitsui Chemicals Inc.
Anderson Development Co.
Nippon Shokubai Co. Ltd.
American Acryl
NA Industries Inc.
Noveon Inc.
OMNOVA Solutions Inc.
Plaskolite Inc.
Continental Acrylics Inc.
PPG Industries Inc.
Rhodia SA
Albright & Wilson Ltd.
Rohm and Haas Co.
StoHaas Monomer GmbH and Co. KG
SNF Floerger SA
Axchem Solutions Inc.
Bio-Flocryl Inc.
Chemtall Inc.
Flocryl
NCF Manufacturing Co.
Polychemie Inc.
Polydyne Inc.
Solutia Inc.
Vianova Resins GmbH
Sunoco Inc.
Aristech Chemical Corp.
Total Fina Elf SA
American Acryl
Atoglas
Cook Composites and Polymers
Sartomer Co.
UCB SA
Radcure
Valspar Corp.
Engineered Polymer Solutions Inc.
Lilly Industries Inc.
Acrylic Resins #1492 Order form on last page
11

12
Forecasting Methodology
Freedonia does not just collect and reprint
data; Freedonia develops data. Our analysts
thoroughly investigate an industry by
extensively interviewing key industry
participants and analyzing information
from sources such as associations, government
and trade literature. Once this
research is complete, Freedonia establishes
one set of forecasts. All writing, editing
and forecasting is done in-house to assure
quality and consistency. In cases where
data does not exist, Freedonia develops the
data based on input/output ratios, bills of
materials and flow charts. The following
chart summarizes Freedonia's methodology:
Acrylic Resins #1492
The Freedonia
Economics Group
Consistent framework
of economic indicators on . . .
• Plastics Production
• Nondurable Goods Shipments
• Gross Domestic Product (GDP)
. . . and many others
Extensive Interviews
• Key participants
• Industry experts
• End-users
Methodology for
Acrylic Resins
Freedonia
In-house Research
• Quantitative forecasting
• Industry structure & market
share analyses
• Product analyses & forecasts
Proprietary
Electronic Database
• Trade publications
• Government reports
• Corporate literature
• Online databases
. . . and many others
Freedonia Industry Study

About
The Freedonia Group
Advantages
of Freedonia Reports
The Freedonia Group, Inc. is a leading international industry study/
database company.
Since 1985, Freedonia has published over 1,600 titles covering areas such
as chemicals, coatings and adhesives, building materials, plastics, industrial
components and equipment, health care, packaging, household goods,
security, and many other industries.
Freedonia has produced a wide variety of titles, including:
• Acrylic Acid & Derivatives
• Powder Coatings
• Paint & Coating Materials
• World Pulp & Paper
Because Freedonia is a reliable information source, our forecasts are cited
in numerous publications such as The Wall Street Journal, Chemical
Market Reporter and Chemical Week.
In-house operations
Because all of our staff work at the same location, interaction
between analysts and departments provides a strong system
of checks and balances.
Consistency
Our Economics Group develops indicators that are used by
all analysts. Therefore, every Freedonia study is based on a consistent
set of economic assumptions (GDP, plastics production, nondurable
goods shipments, etc.)
Reliable forecasts
Because all of our forecasts consider the environment in
which a product or industry is operating, as well as threats
and opportunities to the market, Freedonia forecasts are
reliable indicators of future performance.
One-on-one interviews
All studies are produced by conducting interviews with key industry
participants and end-users.
Proprietary electronic database
Freedonia’s analysts can tap into an extensive in-house electronic
database containing corporate literature (including private company
information), trade publications, government reports and many
other sources of information.
Acrylic Resins #1492 Order form on last page
13

14
About Our Customers
Acrylic Resins #1492
Freedonia's clients include major US and international companies in
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Some of Freedonia's customers in the acrylic resins market include:
BASF, Dow Chemical, Imperial Chemical Industries (ICI), and
Rohm and Haas.
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Acrylic Acid & Derivatives
US demand for acrylic acid and derivatives will
advance 4.2% per year through 2005. Good
prospects for acrylic acid polymers include adult
incontinence superabsorbent polymers and water
treatment detergent polymers. Opportunities for
acrylate esters include radiation cured acrylic
coatings and pressure sensitive acrylic adhesives.
This study analyzes the $1.2 billion US acrylic
acid and derivatives industry to 2005 and 2010
by type and market. It also presents market share
data and profiles leading producers.
#1488. . . . . . . . . 11/01. . . . . . . . . . $3,500
World Paints & Coatings
Global demand for paints and coatings will expand
to 28.3 million metric tons in 2005, valued
at US$83.5 billion. Gains will be driven by a
sustained expansion in new construction and
steady gains in income. Applications such as appliances,
furniture, marine coatings, industrial
maintenance coatings and traffic paints will also
post solid gains. This study analyzes the world
paint and coating industry to 2005 and 2010 by
type, region and for 25 countries. It also evaluates
market share and profiles key companies.
#1437. . . . . . . . . 7/01. . . . . . . . . . $4,700
Powder Coatings
Demand for powder coatings in the US will rise
7.9% per year to 505 million pounds in 2005.
Gains will be driven by environmental benefits
over non-compliant solvent-based coatings, excellent
adhesion and favorable performance. Suppliers
are also rapidly expanding the functional
range of powders into non-metal substrates such
as wood and plastics. This study analyzes the $1
billion US powder coatings industry to 2005 and
2010 by product and end use. It also evaluates
market share and profiles key firms.
#1426. . . . . . . . . 5/01. . . . . . . . . . $3,700
Adhesives & Sealants -
Private Companies Report
Six private companies had adhesives and sealants
sales of at least $100 million in 2000. Another
four private firms had related sales of at least
$50 million, and 31 others had total sales of
$50+ million, including other products. This report
profiles 150+ private US firms (e.g., ADCO
Global, Binney & Smith, Borden, Franklin Intl.,
Gardner Asphalt, Henry, Lord, Neste Resins,
Sovereign Specialty Chemicals, Vantico). It also
includes market share, acquisition reviews, geographic
analysis and industry forecasts.
#1401. . . . . . . . . 3/01. . . . . . . . . . $3,200
Radiation-Cured Products
Demand for radiation-cured (radcure) products
in the US will grow 9.4% annually. Gains will be
driven by intense product development and increased
awareness of radcure’s benefits among
end users. Coatings and inks will remain the largest
products, with packaging the leading outlet.
Flooring will replace printing and publishing as
the second largest market. This study analyzes
the $1 billion US radcure products industry to
2005 and 2010 by type and market. It also presents
market share data and profiles key firms.
#1399. . . . . . . . . 3/01. . . . . . . . . . $3,700
Adhesives
Demand for adhesives in the US will reach 15.2
billion pounds in 2004. Gains in value demand
will benefit from rising raw material costs and a
shift to higher priced hot melts and emulsions.
Specialty and engineering adhesives will grow the
fastest as they find greater use in construction
and durables manufacturing, often at the expense
of conventional fasteners. This study analyzes the
$8.4 billion US adhesives industry to 2004 and
2009 by market and type. It also details market
share and profiles key firms.
#1382. . . . . . . . . 1/01. . . . . . . . . . $3,700
Paint & Coating Materials:
Resins, Pigments & Solvents
US demand for paint and coating materials will
approach 11 billion pounds in 2004. Gains will
be driven by more environmentally compliant
coatings (e.g., water-based, high-solids, powder,
radiation-cured) which require higher raw material
loadings. Solvent-based paints will remain a
major raw material in key heavy duty coating
segments. This study analyzes the $6.8 billion
US paint and coating materials industry to 2004
and 2009 by type and market. It also evaluates
market share and profiles key firms.
#1334. . . . . . . . . 10/00. . . . . . . . . . $3,500
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