London – The 290 kT/year market for polyether graft co-polymer polyols (GCPP) should grow at around 1.1% each year in the EMEA according to IAL Consultants.
Western Europe consumes approximately 50% of demand but the fastest growth over the next five years will be in West Africa, the company added.
The Western European market is mature. Couple that with, and weak automotive and mattress industries there and growth is slow, said the consultants.
They add that prices for the polyols have fallen over the past five years. This is because polyether polyols have been over-produced. At the same time, there is low demand for styrene. This is a key ingredient in the styrene-acrylonitrile hard segments found in many graft copolymers. Low styrene demand has also kept prices low.