Phoenix, Arizona -- The Nafta polyurethane industry has grown in value by 5.1% each year in the two years since 2010, said CPI chairman, Gerry Podesta at the Center for Polyurethanes Industry meeting.
Podesta, who is also, BASF senior vice president North America, performance materials was speaking at the opening presentation of the convention. He said that this economic performance is impressive because over the same time GDP in North America has grown by about 2%. It is a "testament to the strength of the industry," Podesta added.
The automotive sector, and construction were two of the strongest drivers for the business between 2010 and 2012, Podesta added
Full details of the CPI's two-yearly economic review of the polyurethane business in Canada, the US and Mexico is scheduled to be delivered on 25 September by Hanne Hirsimaki, of IAL Consultants. IAL carried out the 2012 End Use Market Survey for CPI.
The CPI Meeting is being held in Phoenix Arizona from 22 to 25 September 2013.