On a global scale, the polyurethane industry in the Asian market is a momentum of rapid development, the development of a mature PU industry relative to the West, Asia is currently still in a period of rapid growth, which demand focused on the markets of China and India, China has become the world's polyurethanethe fastest growing in the country.
Research and Markets (Research and Market) of the leading industry intelligence agencies said global rigid materials, flexible materials, coatings and adhesives with polyurethane market growth will be the average annual rate of 9.7%, will reach $ 49.7 billion in 2016.
It is understood that in 2007 China Polyurethane annual output reached 300 million tons, while India is less than 20 million tons, the fastest pace of development as Asian markets two countries, but the development of the Chinese and Indian markets opened still larger gap. But two countries in the field of downstream applications are broadly similar, mainly flexible polyurethane foam, shows that in polyurethane development prospects, both countries there is a broad space for development.
Relative to the Asian market, with the successful transformation of the Middle East countries for petrochemical applications, the polyurethane market also began gradually developed, although production is still at a relatively low level, mainly only a few large chemical companies involved polyurethane production, located in the oil producing areas, the beneficial effects of its polyurethane production can not be ignored.
Throughout the world, the Western developed countries polyurethane industry well into the mature period of development, the innovative research and development stage; rapid growth of the Asian market, numerous multinational chemical companies have been business focus and R & D centers have shifted to Asia and even China market; Middle East polyurethane market development is still in its infancy. (China adhesives Network)