Report: Polyurethane consumption set to grow 4.5 percent per year

URETHANES TECHNOLOGY INTERNATIONAL

Published: July 15, 2013 2:41 pm ET
Updated: July 15, 2013 2:42 pm ET

Related to this story

Topics Materials

The global market for polyurethane is will continue to grow in the foreseeable future, according to a new report from Ceresana Research.

Global demand will rise, "on average, 4.5 percent per year. Our research revealed that revenues generated on the global market for PU are likely to increase to more than US$80 billion," explains Oliver Kutsch, CEO of Konstanz, Germany-based Ceresana.

Asia-Pacific is the largest market, accounting for about 44 percent of global demand, followed by North America and Western Europe, says the report.

Ceresana forecasts the focus of PU demand to continue to shift towards Asia-Pacific, at the expense of saturated industrialized markets in Western Europe and North America. Demand in emerging countries, is profiting from a continuous increase of wealth.

Increasing demand, especially in the Asia-Pacific region means increasing capacity. Ceresana puts global capacity at 8.8 million metric tons, and says this will increase by more than 3 million metric tons by 2020.

Over 81 percent of new capacity will be created in Asia-Pacific. As the study explains in detail, especially the development of new PUR-based materials for an increasing number of applications is necessitating a significant increase of production capacity.

Markets are driven by larger middle classes, which demand greater comfort and from the building sector, for thermal insulation, says the report.

Besides PU, the study also contains separate analyses regarding the two preliminary products methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI).


Comments

Report: Polyurethane consumption set to grow 4.5 percent per year

URETHANES TECHNOLOGY INTERNATIONAL

Published: July 15, 2013 2:41 pm ET
Updated: July 15, 2013 2:42 pm ET

Post Your Comments


Back to story


More stories

Image

Sabic: Rapid demand growth led to Ultem shortage

December 18, 2014 12:06 pm ET

Sabic Innovative Plastics has been increasing production capacity for its Ultem polyetherimide but it still got caught short by increasing demand for ...    More

McCann expanding in Ohio

December 17, 2014 11:59 am ET

Compounding firm McCann Plastics will spend $1.2 million on an expansion project that will create 15 new jobs at its plant in Green, Ohio.    More

French firm acquires Zimmer-brand polymer technology

December 15, 2014 4:18 pm ET

The deal includes technologies for the processing of polyesters and nylons, and approximately 40 researchers and engineers.    More

Image

Bioplastics global production capacity

December 15, 2014 10:14 am ET

   More

Image

Israeli compounder building $13.1 million facility in North Carolina

December 12, 2014 1:14 pm ET

Tosaf USA, a subsidiary of Kfar Yona, Israel-based Tosaf Compounds Ltd., will build a compounding and masterbatch production facility in North Carolin...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events