Shanghai, China – Chinese polyurethane materials maker Xuchuan Chemical showcased its newly upgraded rigid foam system with lower VOC at PU China/UTECH Asia.
The product will target building interior insulation as well as cold chain logistics, Zhang Weidong, the company’s general manager of intermediate division, told UTECH-polyurethane.com on the sidelines of the event.
As opposed to exterior insulation, where PU panels have been having trouble claiming a larger market share because of higher costs, interior insulation requires greener materials and the end-consumers may be less cost sensitive, said Zhang.
Xuchuan is also a maker of other PU materials such as shoe sole resin, faux leather resin and adhesives, and today has 600kT/year total capacity in five sites in the Greater Shanghai area.
In the footwear sector, Zhang believes growing pressure from costs will make clients choose whichever material is less expensive of PU, rubber and EVA which, to a large extent, have similar performance.
PU currently has a 20% share among the materials, but its price is at least 30% higher compared with the rest, Zhang said.