Demand for polyurethane in North America will rise over the next five years
Demand for polyurethane in North America will rise over the next five years
Demand in Western Europe and North America will also rise over the next five years, and innovation will be a major driver of the market. For the polyurethane foam market, the overall picture is also the highest in the region, followed by Western Europe and North America. In 2012, the market value of the global polyurethane foam market is us $401 billion. It is expected to reach us $61.9 billion by 2018, and the growth rate of compound annual growth rate is 6.9 percent in 2013-2018. Demand growth in bedding, furniture, buildings and automobiles will consume more polyurethane foam. Different terminal markets have different requirements for polyurethane foam types. The growth in demand for polyurethane foam is still the fastest in the asia-pacific market, especially for bedding, furniture and construction. In 2018, the market value of the global multi-alcohol market will reach us $226 billion and the market value of polyurethane will reach us $66.4 billion. In 2012, the demand for polyols exceeded 7.5 million tons, and the demand for polyols is expected to exceed 10.4 million tons by 2018, with an average annual compound growth rate of 5.5 percent in 2012-2018. The average compound growth rate of polyurethane in 2012-2018 is 7.4%. The main raw materials of polyurethane are isocyanates, polyols and additives, and the most used is polyol. For insiders, the two biggest challenges are the instability of raw material prices and the regulatory pressure on sustainable solutions. Most of the industrial polyols are used to produce polyurethane, which means that the factors driving and limiting the polyurethane market will also be the driving force and challenge of the market. For the multi-alcohol market, the dominant position is the polyether polyol market, and polyether polyols account for 70% of the total multi-alcohol market. China, Japan, the United States, Germany, Brazil and Russia are typical polyurethane foam markets. A global perspective, the main ALe polyurethane foam company has Germany, Germany basf, the German bayer materials science and technology, the British VitaFoams, Carpenter, American families together, the United States huntsman, rick Selma, Belgium, the United States WoodbridgeFoamPartner Rogers, dow, the United States. Globally, the demand for polyurethane insulation has increased as construction, automotive and electronics have become more and more demanding. Industry experts say demand for polyurethane will grow by 4.5% a year worldwide. This part of the growth is mainly supported by new downstream applications developed by innovative technologies. For now, the asia-pacific region is already the world's largest market for polyurethane, accounting for 44 per cent of the global market, followed by North America and Western Europe. As markets in North America and Western Europe have become saturated, the focus has been on the asia-pacific region. For emerging countries, demand for polyurethane is increasing as their wealth is accumulating. For now, the Chinese market is still the biggest engine of demand growth for polyurethane. In order to meet the increasing demand of polyurethane, the capacity of polyurethane is expanding, especially in the asia-pacific region. At present, there are 8.8 million tons of isocyanate capacity in the world, and 3 million tons will be added by 2020. More than 81 percent of the new capacity comes from the asia-pacific region. The construction area is an important downstream of polyurethane, and a series of government programs attach great importance to reducing energy consumption. Polyurethane materials can be used as new new residential buildings and can be used as renovation of old buildings. Even in a relatively saturated market, there is a potential for growth. And the application of polyurethane materials has been widely applied in the transportation field. Given the user's preferences, auto makers are now focusing on saving energy and saving fuel. Polyurethane products can reduce the importance of products and improve the life cycle of products. The application of polyurethane products in other niche areas will be developed rapidly in the next eight years. Experts expect that the growth rate of polyurethane demand is estimated at 5.7 per cent per year in the areas of refrigeration, footwear, textiles and leisure, followed by construction. The construction area will become the largest area of the consumption of polyurethane insulation materials. Demand growth in furniture, bedding and industrial products was slightly lower, expected to be 3.3 per cent a year. Some international activities held by central and eastern European countries, emerging southeast Asian countries and Latin American countries will also complement the demand for polyurethane foam. 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 in the polyurethane bubble market.
