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North American market demand for polyurethanes will rise in the next five years

  • Categories:Industry news
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  • Time of issue:2013-11-19 17:13
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(Summary description)Some international events organized by Central and Eastern European countries, emerging Southeast Asian countries

North American market demand for polyurethanes will rise in the next five years

(Summary description)Some international events organized by Central and Eastern European countries, emerging Southeast Asian countries

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2013-11-19 17:13
  • Views:
Information

In the next five years, demand in Western Europe and North America will also rise, and R&D innovation will be the main driving force in this market. For the polyurethane foam market, the overall situation is also the highest sales and sales in the Asia Pacific region, followed by Western Europe and North America.

In 2012, the global market value of polyurethane foam market was 40.1 billion US dollars, and it is expected to reach 61.9 billion US dollars by 2018. The average annual growth rate of 2013-2018 is 6.9%. The growth of demand for bedding, furniture, construction and automobile will consume more. Polyurethane foam. Different end markets have different requirements for the type of polyurethane foam. The demand for polyurethane foam in the Asia Pacific market is still growing at the fastest rate, especially in the bedding, furniture and construction markets.

In 2018, the market value of the global polyol market will reach 22.6 billion US dollars, and the market value of the polyurethane market will reach 66.4 billion US dollars. The demand for polyols exceeded 7.5 million tons in 2012, and the demand for polyols is expected to exceed 10.4 million tons by 2018. The compound annual growth rate for 2012-2018 is 5.5%. The market value of polyurethanes during 2012-2018 The average compound growth rate is 7.4%. The main raw materials for polyurethane production are isocyanates, polyols and additives, the most used of which are polyols. For the industry, the two biggest challenges are the instability of raw material prices and the regulatory pressures of sustainable solutions. Most of the industrial polyols are used to produce polyurethanes, which means that the driving and limiting of the polyurethane market will also be the driving force and challenge of the polyol market. For the polyol market, the polyether polyol market dominates, and polyether polyols account for 70% of the total polyol market.

China, Japan, the United States, Germany, Brazil and Russia are typical polyurethane foam markets. Globally, the main polyurethane foam companies are Germany Ales, Germany BASF, Bayer MaterialScience, VitaFoams, Carpenter, USA, Huntsman, Belgium, Ricks, American Rogers, American Pottery WoodbridgeFoamPartner.

Globally, the demand for energy saving in the field of construction, automotive and electronic equipment is increasing, so the demand for polyurethane insulation materials has also increased. Industry experts analyze the global demand for polyurethanes to grow at a rate of 4.5% per year. This part of the growth is mainly supported by new downstream applications pioneered by innovative technologies.

At present, the Asia-Pacific region is already the world's largest polyurethane market, accounting for 44% of the global market share, followed by North America and Western Europe. As the markets in North America and Western Europe have become saturated, everyone's focus is on the Asia Pacific region. For emerging countries, as the wealth of these countries is accumulating, the demand for polyurethane is also increasing. Looking at it now, the Chinese market is still the biggest engine for the growth of polyurethane demand. In order to meet the increasing demand for polyurethane in the market, the production capacity of polyurethane is also expanding, especially in the Asia-Pacific region.

At present, the global isocyanate production capacity totals 8.8 million tons, and by 2020, it will add 3 million tons. More than 81% of the new capacity is from the Asia Pacific region. The construction sector is an important downstream of polyurethane, and a range of government projects place great emphasis on reducing energy consumption. Polyurethane materials can be used as new residential buildings and as renovations for old buildings. Even in a relatively saturated market, the building has the potential to grow. Moreover, polyurethane materials are widely used, and there are more and more applications in the transportation field.

Taking into account the preferences of users, car manufacturers are now also paying attention to energy saving. Polyurethane products can alleviate the importance of the product and increase the life cycle of the product. The application of polyurethane products in other niche areas will grow rapidly in the next 8 years. Experts expect that in the areas of refrigeration, footwear, textiles, leisure and other areas, the growth rate of polyurethane demand is estimated at 5.7% per year, followed by the construction sector. The construction sector will be the largest area of ​​consumption of polyurethane insulation materials. Demand for furniture, bedding and industrial products is growing at a slightly lower rate, which is expected to be 3.3% per year.

Some international events organized by Central and Eastern European countries, emerging Southeast Asian countries, and Latin American countries will complement the development of polyurethane foam demand. In the next few years, increased sales in the automotive sector, improved infrastructure, and rising housing markets in emerging economies will be the driving force behind the polyurethane foam market.

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