China becomes the world's biggest PU product maker

URETHANES TECHNOLOGY INTERNATIONAL

Published: April 10, 2014 1:27 pm ET
Updated: April 10, 2014 1:30 pm ET

Related to this story

Topics Automotive, Construction, China

The China Polyurethane Industry Association (CPUIA) said in March that the country has become the world’s biggest PU product maker.

CPUIA said that in 2013 the country accounted for over 40 percent of the global volume, manufacturing 8.7 million metric tons of PU products, up 12 percent from 2012.

There was significant growth in the insulation sector, automotive and waterborne PU materials sectors said the CPUIA.

The association estimates the insulation panel sector will bring an additional 310,000 to 380,000 metric tons of demand in China for rigid PU foam in 2014 and 2015. Currently China’s has over 250 operating production lines for PU insulation panels, a record high.

In 2012 China’s Ministry of Housing and Urban-Rural Development introduced a plan to improve building energy efficiency. The Ministry, under the 12th five-year-plan until 2015, has introduced regulations that mean newly constructed buildings in urban areas must be 30 percent more energy efficient the 2010 standard. Higher standards are demanded in first-tier cities, such as Shanghai and Beijing, where new buildings must have energy efficiency close to those in developed countries with similar climates.

The Association also forecasts that by the end of 2015, a total of 52 percent of China’s population will live in cities and new buildings constructed by 2015 will have a total area of 4 billion to 5 billion square meters.

According to CPUIA’s website, when China’s 12th five-year-plan is finished the country will have pumped $820 billion into energy-saving sectors.

In the next three to five years PU insulation panels are likely to take up 30-50 percent of China’s total consumption of building insulation materials by volume.


Comments

China becomes the world's biggest PU product maker

URETHANES TECHNOLOGY INTERNATIONAL

Published: April 10, 2014 1:27 pm ET
Updated: April 10, 2014 1:30 pm ET

Post Your Comments


Back to story


More stories

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Canada's Papp Plastics is eyeing big opportunities with JV in Mexico

November 24, 2014 4:11 pm ET

Canadian injection molder and turnkey solution provider Papp Plastics & Distributing Ltd. will open an $11 million to $12 million joint venture...    More

Image

Indiana injection molder PRD expands

November 24, 2014 1:56 pm ET

Automotive supplier PRD Inc. is expanding its manufacturing facility in Springville, Ind.    More

Image

Can plastics return to the driver's seat?

November 24, 2014 6:00 am ET

When the June 1989 issue of Popular Science introduced three cutting-edge automotive technologies, including the latest Corvette and a powerful...    More

Image

New GM purchasing chief faces big hurdles to improve supplier relations

November 24, 2014 11:11 am ET

Steve Kiefer is moving into the eternal hot seat that is head of GM global purchasing and supply chain.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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