Analysis of the Thermoset Resins Market in South Africa and Kenya
The research analyses the thermoset resins market in South Africa and Kenya with a base year of 2012, forecasted to 2017. The executive summary provides an overview of the 2 markets as a total, highlighting key metrics. The most relevant mega trends are discussed for this research. Market drivers and restraints are explained for each country separately. A discussion is given for each of the 2 forecasted markets for the 4 types of thermoset resins analysed in each country. A supply chain analysis is included for both countries for the supply and demand of thermoset resin. The competitive environment is included, highlighting leading market participants for the respective countries.
The market for thermoset resins in South Africa and Kenya was valued at $ million in 2012 and is expected to reach $ million in 2017.
Up to% of the thermoset resin in South Africa is locally manufactured, but more than % of the thermoset resin used in Kenya is imported.
The biggest driver of thermoset resins in South Africa and Kenya is the construction sector as the largest application areas for thermoset resins are paints, coatings, construction chemicals, and composites.
The South African market for thermoset resins is forecasted to grow at a compound annual growth rate (CAGR) of % as the market is more mature than in Kenya, while Kenya is expected to grow at a CAGR of % from 2012 to 2017.
There are a few competitors for thermoset resins in both Kenya and South Africa; the largest suppliers are NCS Resins, Arkema SA, Scott Bader, KZN Resins, SI Group, and ADD Group in South Africa and Sika, Henkel, Adhesive Solutions Africa, and Polkerm in Kenya.
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