The European Phenolic Resins Association (EPRA) has seen a surprisingly balanced year 2020 for its members, benefitting from a V-shaped recovery in the course of 2020 with volumes finally being down only by a small single-digit figure versus 2019. Recovery in the construction sector, led by a healthy demand for phenolic resins in the insulation markets (glass and stone wool), helped to compensate for losses in automotive-related applications. However, even the automotive sector saw a strong re-bounce in demand in the second half of 2020 after the lockdowns in Quarter 1 and Quarter 2 which had affected automotive production in many parts of Europe significantly.
For further information, companies are advised to contact:
Tanja Hamzei
e-mail: treuhandbuero@dnu.eu