JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 20

BUSINESS thermoset resin - Part A
creasingly strict regulations
for the use of this monomer.
Even if styrene users don't
appear to be "all in the same
boat" (depending on the
source and the type of contract they have with the
manufacturer), the price of
styrene is soaring. On 14
March 2017, the Plastics and
Composites Federation in
France warned that the price
of styrene had increased by
60% since October 2016, accompanied by a tight supply.
According to the federation,
this situation appears to be
the result of large-scale maintenance operations on facilities in North America and
Asia. In the composite industry, polyester resin producers are the first to be affected,
but with a cascading effect all
along the chain.
The supply analytics firm
Mintec made the same observation for China on 22
February 2017: during the
first week of February, styrene prices had increased by
20% over the previous month,
and by 60% over the previous
year. The recent spike was attributed to anticipatory purchases in connection with the
probable tightness of supply
during programmed maintenance operations on a factory in Asia, which should be
completed by May. These uncertainties were reinforced
by the scheduling of other
maintenance operations in
the United States for the first
quarter 2017.
Recent consolidations
Because the customers are
generally international actors,
they want to deal with groups
that are large enough to be
able to keep up with them,
both financially and geograph-

20

ically. So the composite sector
continues to consolidate, and
the thermoset resin sector is
experiencing the same phenomenon.
In autumn 2015, the
American group Olin merged
Dow Chemical Company's
Chlor-Alkali and Vinyl,
Global Chlorinated Organics
and Global Epoxy business
units with its own. In doing
so, Olin has become the leading international chlorine producer and the largest, most integrated epoxy producer.
In the past, we saw Cook
Composites and Cray Valley
merge under the name CCP
Composites, before majority
shareholder Total sold CCP
to Polynt. However, in May
2016, Polynt and Reichhold
combined to create a global
specialty chemicals company (called the "Group") specializing in resins for composites and coatings, with more
than US $2.4 billion in revenues, and Black Diamond
Capital Management and
InvestIndustrial as equal investors and majority share-

holders in the new entity.
Research continues
Even with the observed decline in thermoset market
share compared to thermoplastics, sales continue to rise.
However, achieving the high
production rates currently demanded - especially in
the automotive sector - still
requires some development
work on the part of most manufacturers.
Here are only two of the latest examples. In May 2016,
Tencate opened its European
Centre of Excellence for
thermoset composites in
Langley Mill, Nottingham
(United Kingdom), where
it has its European Centre
of Excellence for thermoset
prepreg systems. The centre,
which is AS9100 certified for
the aerospace and automotive sectors, mirrors the one
in Morgan Hill, California
(USA). Tencate is reputed
for its thermoplastic business,
but has been investing for a
number of years now in thermosets - proof that the sector

is still dynamic.
In early 2017, Hexion announced it would be opening a new European technology centre in Kamp-Lintfort,
near Duisburg (Germany)
that will bring together R&D
activities, including the
Transportation Research and
Application Centre (TRAC),
dedicated to composite solutions for the automotive industry. The new facility
will complement Hexion's
wind-energy laboratory.
Conclusion
We haven't heard the last of
thermoset composites, by any
means. They still have a number of technical and economic advantages. There is still
relatively little talk in the construction and infrastructure
sector of recycling. This is not
surprising, as these structures
must be as durable as possible.
Also, life cycle analyses in the
automotive sector are not negative for composites.
More information
www.jeccomposites.com

Fig 2: Global market revenue for unsaturated polyester resins, by product, 2012 --2020 (in kilotons metric)
Source: Grand View Research

jec composites magazine / No113 June 2017


http://www.jeccomposites.com

Table of Contents for the Digital Edition of JEC COMPOSITES MAGAZINE - Issue #113 - June 2017

Cover
Edito
Opinion: High temperature composites
Contents
NEWS
In brief
Strategy
Agenda
BUSINESS
Recycling
Second life
Thermoset resin - Part A
MANUFACTURING
Mass production
Design-to-cost
Feature Construction - The future of building
Editorial
JEC Innovation Awards Programme
International JEC Conferences: knowledge and networking
Education
Education
Domes
Sustainable development
Facade
Interior
Safety
Biocomposites
SOLUTIONS
Marine
Automotive
Aircraft
In the world
TECHNOLOGY
Mecanics
Simulation
Technical textile
Repair
Index
Advertisers
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 76
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Cover
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 2
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Edito
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Opinion: High temperature composites
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 5
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Contents
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 7
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - In brief
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 9
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 10
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Strategy
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 12
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 13
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Agenda
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 15
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Recycling
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Second life
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 18
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Thermoset resin - Part A
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 20
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Mass production
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 22
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 23
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Design-to-cost
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 25
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 26
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 27
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Editorial
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - JEC Innovation Awards Programme
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 30
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 31
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - International JEC Conferences: knowledge and networking
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 33
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 34
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 35
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Education
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 37
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Education
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Domes
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 40
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 41
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Sustainable development
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 43
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Facade
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 45
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Interior
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 47
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 48
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Safety
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 50
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Biocomposites
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 52
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Marine
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 54
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Automotive
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Aircraft
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 57
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - In the world
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 59
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Mecanics
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 61
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 62
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Simulation
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 64
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 65
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 66
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Technical textile
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 68
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 69
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Repair
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 71
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 72
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 73
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Advertisers
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 75
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