Amsterdam, Netherlands –- The global polyurethane cast, adhesives, sealants and elastomers sector is set to grow in all market sectors between 2012 and the end of 2107, said Robert Outram, associate director of IAL consultants.
Outram, speaking on the first day of the Urethanes Technology International CASE Study conference in Amsterdam, said that the greatest growth in Asia would be in spandex fibres, which are likely to see market grow by 11.8%. These will be followed by synthetic leather and TPU elastomers at 6.9% and cast elastomers at around 4%. The slowest growth will be in RIM/RRIM applications.
Outram said that the growth in fibre applications was partly due to the relatively high price of cotton.
Outram also suggested that the global market for thermoplastic polyurethanes is likely to grow by 5% compound annual growth rate from 428kT/year to 547kT/year between 2012 and the end of 2017. This is being driven by applications in the Asia Pacific region.