London – Total production of polyurethane in the Asia-Pacific region is expected to grow by 4.3%/year to 14.7 MT by 2021, according to data from IAL Consultants.
The information is included in its report Polyurethane Chemicals and Products in Asia Pacific. Covering 13 countries, IAL said it will be available from August this year.
The region remains dominated by China, which accounts for around 80% of regional output, but growth is expected to be higher in Indonesia (11.8%/year) and Vietnam (10.5%/year), the report said. PU chemicals and products growth in China is expected to stabilise at around 4%/year as it adjusts to is new economic period.
The small Australia and New Zealand markets are likely to see a downturn as their relatively small consuming industries such as automotive and household appliance see production move out of these countries, IAL suggests.
The report also profiles the share of the different sectors which consumed polyurethane in the region in 2016. This shows that polyurethane elastomers dominate consumption in the region, IAL said. In 2016, the 36.5% share of PU products which are made from elastomers in the region due to the high volume of footwear, synthetic leather and spandex fibre production in China.
IAL said that the flexible foam and adhesive/sealant segments are expected to see the fastest growth between 2016 and 2021.
