Epoxy Resin Market by Type (DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, and Others), by Physical Form (Solid, Liquid, and Solution), by Application (Paints & Coatings, Adhesives, Composites, and electronic encapsulation & others), and by End user (Building & Construction, Transportation, General Industrial, Consumer Goods, Wind Power, Aerospace, and Marine & Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022

CHAPTER 1 INTRODUCTION

1.1 Key Market Benefits

1.2 Key Market Segment

1.3 Research Methodology

1.3.1 Secondary Research

1.3.2 Primary Research

1.3.3 Analyst Tools and Models

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 MARKET OVERVIEW

3.1 Market Definition And Scope

3.2 Key Findings

3.2.1 Top Investment Pockets

3.2.2 Top Winning Strategies

3.3 Market Player Positioning

3.4 Patent Analysis

3.4.1 Patent Analysis by Year

3.4.2 Patent Analysis by Region

3.4.3 Patent Analysis by Company

3.5 Porters Five Forces Analysis

3.5.1 Bargaining power of the supplier

3.5.2 Bargaining power of the buyer

3.5.3 Threat of substitute

3.5.4 Competitive rivalry

3.5.5 Threat of new entrant

3.6 Market Dynamics

3.6.1 Drivers

3.6.1.1 Growing End-User Industries

3.6.1.2 Increasing Demand For Lightweight Composites

3.6.1.3 Rising R&D Activities

3.6.2 Restraints

3.6.2.1 Fluctuating Raw Material Prices

3.6.3 Opportunity

3.6.3.1 Epoxy Resin - A Part of Bio-Polymers

3.7 MARKET SHARE ANALYSIS

3.8 Regulatory Framework: Epoxy Resin Market

3.8.1 North America

3.8.2 Europe

3.9 Manufacturing Process for Epoxy Resin

3.10 Product Benchmarking

CHAPTER 4 WORLD EPOXY RESIN MARKET, BY TYPE

4.1 Introduction

4.1.1 Market size and forecast

4.2 DGBEA Epoxy Resin

4.3 DGBEF Epoxy Resin

4.4 Novolac Epoxy Resin

4.5 Aliphatic Epoxy Resin

4.6 Glycidylamine Epoxy Resin

4.7 Other Epoxy Resins

CHAPTER 5 WORLD EPOXY RESIN MARKET, BY PHYSICAL FORM

5.1 Introduction

5.1.1 Market size and forecast

5.2 Solid Epoxy Resin

5.2.1 Key market trends

5.2.2 Key growth factors and opportunities

5.2.3 Market size and forecast

5.3 Liquid Epoxy Resin

5.3.1 Key market trends

5.3.2 Key growth factors and opportunities

5.3.3 Market size and forecast

5.4 Solution Epoxy Resin

5.4.1 Key market trends

5.4.2 Key growth factors and opportunities

5.4.3 Market size and forecast

CHAPTER 6 WORLD EPOXY RESIN MARKET, BY APPLICATION

6.1 Introduction

6.1.1 Market size and forecast

6.2 Paints & Coatings

6.2.1 Key market trends

6.2.2 Key growth factors and opportunities

6.2.3 Market size and forecast

6.3 Adhesives & Sealants

6.3.1 Key market trends

6.3.2 Key growth factors and opportunities

6.3.3 Market size and forecast

6.4 Composites

6.4.1 Key market trends

6.4.2 Key growth factors and opportunities

6.4.3 Market size and forecast

6.5 Electrical Encapsulations & Others

6.5.1 Key market trends

6.5.2 Key growth factors and opportunities

6.5.3 Market size and forecast

CHAPTER 7 WORLD EPOXY RESIN MARKET, BY END USER

7.1 Introduction

7.1.1 Market size and forecast

7.2 Building & Construction

7.2.1 Key market trends

7.2.2 Key growth factors and opportunities

7.2.3 Market size and forecast

7.3 Transportation

7.3.1 Key market trends

7.3.2 Key growth factors and opportunities

7.3.3 Market size and forecast

7.4 General Industrial

7.4.1 Key market trends

7.4.2 Key growth factors and opportunities

7.4.3 Market size and forecast

7.5 Consumer Goods

7.5.1 Key market trends

7.5.2 Key growth factors and opportunities

7.5.3 Market size and forecast

7.6 Wind Power

7.6.1 Key market trends

7.6.2 Key growth factors and opportunities

7.6.3 Market size and forecast

7.7 Aerospace

7.7.1 Key market trends

7.7.2 Key growth factors and opportunities

7.7.3 Market size and forecast

7.8 Marine & Others

7.8.1 Key market trends

7.8.2 Key growth factors and opportunities

7.8.3 Market size and forecast

CHAPTER 8 WORLD EPOXY RESIN MARKET, BY GEOGRAPHY

8.1 Introduction

8.1.1 Market size and forecast

8.2 North America

8.2.1 Key market trends

8.2.2 Key growth factors and opportunities

8.2.3 Market size and forecast

8.2.4 U.S.

8.2.5 Canada

8.2.6 Mexico

8.3 Europe

8.3.1 Key market trend

8.3.2 Key growth factors and opportunities

8.3.3 Market size and forecast

8.3.4 Germany

8.3.5 France

8.3.6 U.K.

8.3.7 Italy

8.3.8 Spain

8.3.9 Others

8.4 Asia-Pacific

8.4.1 Key market trends

8.4.2 Key growth factors and opportunities

8.4.3 Market size and forecast

8.4.4 China

8.4.5 Japan

8.4.6 Taiwan

8.4.7 India

8.4.8 Korea

8.4.9 Others

8.5 LAMEA

8.5.1 Key market trends

8.5.2 Key growth factors and opportunities

8.5.3 Market size and forecast

8.5.4 Middle East

8.5.5 Africa & Others

CHAPTER 9 COMPANY PROFILE

9.1 BASF SE

9.1.1 Company overview

9.1.2 Operating business segments

9.1.3 Business performance

9.1.4 Key strategic moves & developments

9.2 The Dow Chemicals Company

9.2.1 Company overview

9.2.2 Operating business segments

9.2.3 Business performance

9.2.4 Key strategic moves & developments

9.3 E. I. Du Pont De Nemours and Company

9.3.1 Company overview

9.3.2 Operating business segments

9.3.3 Business performance

9.4 Huntsman Corporation

9.4.1 Company overview

9.4.2 Operating business segments

9.4.3 Business performance

9.4.4 Key strategic moves & developments

9.5 3M Company

9.5.1 Company overview

9.5.2 Operating business segments

9.5.3 Business performance

9.6 Kukdo Chemicals Co. Ltd.

9.6.1 Company overview

9.6.2 Operating business segments

9.6.3 Business performance

9.6.4 Key strategic moves & developments

9.7 Nan Ya Plastics Corporation

9.7.1 Company overview

9.7.2 Operating business segments

9.7.3 Business performance

9.8 Hexion Inc.

9.8.1 Company overview

9.8.2 Operating business segments

9.8.3 Business performance

9.8.4 Key strategic moves & developments

9.9 Olin Corporation

9.9.1 Company overview

9.9.2 Operating business segments

9.9.3 Business performance

9.10 Cytec Solvay Group

9.10.1 Company overview

9.10.2 Operating business segments

9.10.3 Business performance

Other players in the value chain include

• Chang Chun Chemicals
• Sanmu Group
• Jubail Chemical Industries LLC (JANA)
• Aditya Birla Chemicals Ltd.
• Sika AG
• Baling Petrochemical
• Sicomin
• Eagle Chemicals
• Leuna Harze
• Spolchemie
• Elite Crete Systems
• RBC Industries Inc.,

*Profiles of these players are not included. The same will be included on request

List of Tables

TABLE 1 GLOBAL EPOXY RESIN MARKET, BY TYPE, 2014-2022 ($MILLION)

TABLE 2 GLOBAL EPOXY RESIN MARKET, BY TYPE, 2014-2022 (KILOTONS)

TABLE 3 GLOBAL EPOXY RESIN MARKET, BY PHYSICAL FORM, 2014-2022 ($MILLION)

TABLE 4 GLOBAL EPOXY RESIN MARKET, BY PHYSICAL FORM, 2014-2022 (KILOTON)

TABLE 5 GLOBAL SOLID EPOXY RESIN MARKET, BY REGION, 2014-2022 ($MILLION)

TABLE 6 GLOBAL SOLID EPOXY RESIN MARKET, BY REGION, 2014-2022 (KILOTON)

TABLE 7 GLOBAL LIQUID EPOXY RESIN MARKET, BY REGION, 2014-2022 ($MILLION)

TABLE 8 GLOBAL LIQUID EPOXY RESIN MARKET, BY REGION, 2014-2022 (KILOTON)

TABLE 9 GLOBAL SOLUTION EPOXY RESIN MARKET, BY REGION, 2014-2022 ($MILLION)

TABLE 10 GLOBAL SOLUTION EPOXY RESIN MARKET, BY REGION, 2014-2022 (KILOTON)

TABLE 11 GLOBAL EPOXY RESIN MARKET, BY APPLICATION, 2014-2022 ($MILLION)

TABLE 12 GLOBAL EPOXY RESIN MARKET, BY APPLICATION, 2014-2022 (KILOTON)

TABLE 13 GLOBAL DEMAND FOR EPOXY RESIN IN PAINTS & COATINGS, BY REGION, 2014-2022 ($MILLION)

TABLE 14 GLOBAL DEMAND FOR EPOXY RESIN IN PAINTS & COATINGS, BY REGION, 2014-2022 (KILOTON)

TABLE 15 GLOBAL DEMAND FOR EPOXY RESIN IN ADHESIVES & SEALANTS, BY REGION, 2014-2022 ($MILLION)

TABLE 16 GLOBAL DEMAND FOR EPOXY RESIN IN ADHESIVES & SEALANTS, BY REGION, 2014-2022 (KILOTON)

TABLE 17 GLOBAL DEMAND FOR EPOXY RESIN IN COMPOSITES, BY REGION, 2014-2022 ($MILLION)

TABLE 18 GLOBAL DEMAND FOR EPOXY RESIN IN COMPOSITES, BY REGION, 2014-2022 (KILOTON)

TABLE 19 GLOBAL DEMAND FOR EPOXY RESIN IN ELECTRONIC ENCAPSULATION & OTHERS, BY REGION, 2014-2022 ($MILLION)

TABLE 20 GLOBAL DEMAND FOR EPOXY RESIN IN ELECTRONIC ENCAPSULATION & OTHERS, BY REGION, 2014-2022 (KILOTON)

TABLE 21 GLOBAL EPOXY RESIN MARKET, BY END USER, 2014-2022 ($MILLION)

TABLE 22 GLOBAL EPOXY RESIN MARKET, BY END USER, 2014-2022 (KILOTON)

TABLE 23 GLOBAL DEMAND FOR EPOXY RESIN IN BUILDING & CONSTRUCTION, BY REGION, 2014-2022 ($MILLION)

TABLE 24 GLOBAL DEMAND FOR EPOXY RESIN IN BUILDING & CONSTRUCTION, BY REGION, 2014-2022 (KILOTON)

TABLE 25 GLOBAL DEMAND FOR EPOXY RESIN IN TRANSPORTATION, BY REGION, 2014-2022 ($MILLION)

TABLE 26 GLOBAL DEMAND FOR EPOXY RESIN IN TRANSPORTATION, BY REGION, 2014-2022 (KILOTON)

TABLE 27 GLOBAL EPOXY RESIN DEMAND IN GENERAL INDUSTRIAL, BY REGION, 2014-2022 ($MILLION)

TABLE 28 GLOBAL EPOXY RESIN DEMAND IN GENERAL INDUSTRIAL, BY REGION, 2014-2022 (KILOTON)

TABLE 29 GLOBAL DEMAND FOR EPOXY RESIN IN CONSUMER GOODS, BY REGION, 2014-2022 ($MILLION)

TABLE 30 GLOBAL DEMAND FOR EPOXY RESIN IN CONSUMER GOODS, BY REGION, 2014-2022 (KILOTON)

TABLE 31 GLOBAL DEMAND FOR EPOXY RESIN IN WIND POWER, BY REGION, 2014-2022 ($MILLION)

TABLE 32 GLOBAL DEMAND FOR EPOXY RESIN IN WIND POWER, BY REGION, 2014-2022 (KILOTON)

TABLE 33 GLOBAL DEMAND FOR EPOXY RESIN IN AEROSPACE , BY REGION, 2014-2022 ($MILLION)

TABLE 34 GLOBAL DEMAND FOR EPOXY RESIN IN AEROSPACE , BY REGION, 2014-2022 (KILOTON)

TABLE 35 GLOBAL DEMAND FOR EPOXY RESIN IN MARINE & OTHERS, BY REGION, 2014-2022 ($MILLION)

TABLE 36 GLOBAL DEMAND FOR EPOXY RESIN IN MARINE & OTHERS, BY REGION, 2014-2022 (KILOTON)

TABLE 37 GLOBAL EPOXY RESIN MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)

TABLE 38 GLOBAL EPOXY RESIN MARKET, BY GEOGRAPHY, MARKET VOLUME,, 2014-2022 (KILOTON)

TABLE 39 NORTH AMERICA EPOXY RESIN MARKET, BY PHYSICAL FORM, 2014-2022 ($MILLION)

TABLE 40 NORTH AMERICA EPOXY RESIN MARKET, BY PHYSICAL FORM, 2014-2022 (KILOTON)

TABLE 41 NORTH AMERICA EPOXY RESIN MARKET, BY APPLICATION, 2014-2022 ($MILLION)

TABLE 42 NORTH AMERICA EPOXY RESIN MARKET, BY APPLICATION, 2014-2022 (KILOTON)

TABLE 43 NORTH AMERICA EPOXY RESIN MARKET, BY END USER, 2014-2022 ($MILLION)

TABLE 44 NORTH AMERICA EPOXY RESIN MARKET, BY END USER, 2014-2022 (KILOTON)

TABLE 45 EUROPE EPOXY RESIN MARKET, BY PHYSICAL FORM, 2014-2022 ($MILLION)

TABLE 46 EUROPE EPOXY RESIN MARKET, BY PHYSICAL FORM, 2014-2022 (KILOTON)

TABLE 47 EUROPE EPOXY RESIN MARKET, BY APPLICATION, 2014-2022 ($MILLION)

TABLE 48 EUROPE EPOXY RESIN MARKET, BY APPLICATION, 2014-2022 (KILOTON)

TABLE 49 EUROPE EPOXY RESIN MARKET, BY END USER, 2014-2022 ($MILLION)

TABLE 50 EUROPE EPOXY RESIN MARKET, BY END USER, 2014-2022 (KILOTON)

TABLE 51 ASIA-PACIFIC EPOXY RESIN MARKET, BY PHYSICAL FORM, 2014-2022 ($MILLION)

TABLE 52 ASIA-PACIFIC EPOXY RESIN MARKET, BY PHYSICAL FORM, 2014-2022 (KILOTON)

TABLE 53 ASIA-PACIFIC EPOXY RESIN MARKET, BY APPLICATION, 2014-2022 ($MILLION)

TABLE 54 ASIA-PACIFIC EPOXY RESIN MARKET, BY APPLICATION, 2014-2022 (KILOTON)

TABLE 55 ASIA-PACIFIC EPOXY RESIN MARKET, BY END USER, 2014-2022 ($MILLION)

TABLE 56 ASIA-PACIFIC EPOXY RESIN MARKET, BY END USER, 2014-2022 (KILOTON)

TABLE 57 LAMEA EPOXY RESIN MARKET, BY PHYSICAL FORM, 2014-2022 ($MILLION)

TABLE 58 LAMEA EPOXY RESIN MARKET, BY PHYSICAL FORM, 2014-2022 (KILOTON)

TABLE 59 LAMEA EPOXY RESIN MARKET, BY APPLICATION, 2014-2022 ($MILLION)

TABLE 60 LAMEA EPOXY RESIN MARKET, BY APPLICATION, 2014-2022 (KILOTON)

TABLE 61 LAMEA EPOXY RESIN MARKET, BY END USER, 2014-2022 ($MILLION)

TABLE 62 LAMEA EPOXY RESIN MARKET, BY END USER, 2014-2022 (KILOTON)

TABLE 63 BASF: COMPANY SNAPSHOT

TABLE 64 BASF: OPERATING SEGMENTS

TABLE 65 THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT

TABLE 66 DOW CHEMICAL COMPANY: OPERATING SEGMENTS

TABLE 67 E. I. DU PONT DE NEMOURS AND COMPANY: COMPANY SNAPSHOT

TABLE 68 DUPONT: OPERATING SEGMENTS

TABLE 69 HUNTSMAN CORPORATION: COMPANY SNAPSHOT

TABLE 70 HUNTSMAN CORPORATION: OPERATING SEGMENTS

TABLE 71 3M COMPANY: COMPANY SNAPSHOT

TABLE 72 3M COMPANY: OPERATING SEGMENTS

TABLE 73 KUKDO CHEMICALS CO. LTD.: COMPANY SNAPSHOT

TABLE 74 KUKDO CHEMICALS CO. LTD.: OPERATING SEGMENTS

TABLE 75 NAN YA PLASTICS CORPORATION: COMPANY SNAPSHOT

TABLE 76 NAN YA PLASTICS CORPORATION: OPERATING SEGMENTS

TABLE 77 HEXION INC.: COMPANY SNAPSHOT

TABLE 78 HEXION INC.: OPERATING SEGMENTS

TABLE 79 OLIN CORPORATION: COMPANY SNAPSHOT

TABLE 80 OLIN CORPORATION: OPERATING SEGMENTS

TABLE 81 CYTEC SOLVAY GROUP: COMPANY SNAPSHOT

TABLE 82 CYTEC SOLVAY GROUP: OPERATING SEGMENTS

List of Figures

FIG. 1 EPOXY RESIN: MARKET SEGMENTATION

FIG. 2 GLOBAL EPOXY RESIN MARKET SIZE, 2014-2022 ($MILLION)

FIG. 3 GLOBAL EPOXY RESIN MARKET REVENUE SHARE, BY PHYSICAL FORM, 2015 (%)

FIG. 4 GLOBAL EPOXY RESIN MARKET REVENUE SHARE, BY APPLICATION, 2015 (%)

FIG. 5 GLOBAL EPOXY RESIN MARKET REVENUE SHARE, BY END USER, 2015 (%)

FIG. 6 GLOBAL EPOXY RESIN MARKET REVENUE SHARE, BY REGION, 2015 (%)

FIG. 7 TOP INVESTMENT POCKETS, BY APPLICATIONS

FIG. 8 TOP WINNING STRATEGIES, 2012-2016(%)

FIG. 9 TOP WINNING STRATEGIES, BY KEY COMPANY (2012-2016)

FIG. 10 MARKET PLAYER POSITIONING

FIG. 11 PATENT ANALYSIS BY YEAR, 2012-2016

FIG. 12 PATENT ANALYSIS BY REGION, 2012-2016(%)

FIG. 13 PATENT ANALYSIS BY COMPANY, 2012-2016(%)

FIG. 14 INDUSTRY GROWTH, 2015-2022 ($MILLION)

FIG. 15 NEW AIRPLANES NEED, 2015-2034

FIG. 16 WORLD EPOXY RESIN MARKET: MARKET SHARE ANALYSIS, 2013 (%)

FIG. 17 SCHEMATIC DIAGRAM OF EPOXY RESIN PRODUCTION

FIG. 18 U.S. EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 19 CANADA EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 20 MEXICO EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 21 GERMANY EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 22 FRANCE EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 23 U.K. EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 24 ITALY EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 25 SPAIN EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 26 OTHERS EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 27 CHINA EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 28 JAPAN EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 29 TAIWAN EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 30 INDIA EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 31 KOREA EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 32 OTHERS EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 33 SOUTH AMERICA EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 34 MIDDLE EAST EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 35 AFRICA & OTHERS EPOXY RESIN MARKET BY VALUE ($MILLION) AND VOLUME (KILOTON), 2014-2016

FIG. 36 BASF: NET SALES, ($MILLION), 2013-2015

FIG. 37 BASF: NET SALES, BY SEGMENT, 2015 (%)

FIG. 38 BASF: NET SALES, BY GEOGRAPHY, 2015 (%)

FIG. 39 BASF: STRATEGY SHARE (%), 2015

FIG. 40 DOW CHEMICAL COMPANY: NET SALES, ($MILLION), 2013-2015

FIG. 41 DOW CHEMICAL COMPANY: NET SALES, BY SEGMENT, 2015 (%)

FIG. 42 DOW CHEMICAL COMPANY: NET SALES, BY GEOGRAPHY, 2015 (%)

FIG. 43 DUPONT: NET SALES, ($MILLION), 2013-2015

FIG. 44 DUPONT: NET SALES, BY SEGMENT, 2015 (%)

FIG. 45 DUPONT: NET SALES, BY GEOGRAPHY, 2015 (%)

FIG. 46 HUNTSMAN CORPORATION: NET SALES, ($MILLION), 2013-2015

FIG. 47 HUNTSMAN CORPORATION: NET SALES, BY SEGMENT, 2015 (%)

FIG. 48 HUNTSMAN CORPORATION: NET SALES, BY GEOGRAPHY, 2015 (%)

FIG. 49 3M COMPANY : NET SALES, ($MILLION), 2013-2015

FIG. 50 3M COMPANY: NET SALES, BY SEGMENT, 2015 (%)

FIG. 51 3M COMPANY: NET SALES, BY GEOGRAPHY, 2015 (%)

FIG. 52 KUKDO CHEMICALS CO. LTD.: NET SALES, ($MILLION), 2013-2015

FIG. 53 NAN YA PLASTICS CORPORATION: NET SALES, ($MILLION), 2013-2015

FIG. 54 NAN YA PLASTICS CORPORATION: NET SALES, BY SEGMENT, 2015 (%)

FIG. 55 HEXION INC.: NET SALES, ($MILLION), 2013-2015

FIG. 56 HEXION INC.: NET SALES, BY SEGMENT, 2015 (%)

FIG. 57 HEXION INC.: STRATEGY SHARE (%), 2015

FIG. 58 OLIN CORPORATION: NET SALES, ($MILLION), 2013-2015

FIG. 59 OLIN CORPORATION: NET SALES, BY SEGMENT, 2015 (%)

FIG. 60 OLIN CORPORATION: NET SALES, BY GEOGRAPHY, 2015 (%)

FIG. 61 CYTEC SOLVAY GROUP: NET SALES, ($MILLION), 2013-2015

FIG. 62 CYTEC SOLVAY GROUP: NET SALES, BY SEGMENT, 2015 (%)

FIG. 63 CYTEC SOLVAY GROUP: NET SALES, BY GEOGRAPHY, 2015 (%)