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Polyurethane (PU) Industry Development And Future
May 17, 2018

The polyurethane industry originated in Germany and has developed rapidly in Europe, America and Japan over the past 50 years and has become one of the fastest growing industries in the chemical industry. Polyurethane is a highly flexible material that provides application solutions for architecture, furniture, bedding, automotive, coatings and other applications. Polyurethane contributes to energy conservation and emission reduction due to its durability, light weight and high flexibility, and its wide range of downstream applications. Polyurethane industry is in the middle and lower reaches of the economic industry chain, and is the only synthetic polymer among all polymer materials that has significant application value in seven fields: plastics, rubber, foams, fibers, coatings, adhesives and functional polymers. The materials and products penetrate into all aspects of the national economy, and have become the special organic synthetic materials with the most varieties, the most widely used and the fastest growing polymer materials.

After years of development, China is becoming the world's major consumer market for polyurethanes. The world's leading multinational companies have continuously increased their PU investment in China, established R&D centers, and put some of the world's advanced manufacturing technologies into China first to achieve localized production.

China is the second largest economy in the world and is also the largest consumer market for polyurethanes. First, China produces 95% of the world's refrigerated containers, 60% of shoes, and 70% of toys; second, China’s production of building materials, spandex, textiles, synthetic leather, and automobiles ranks first in the world; at the same time, China’s urbanization The acceleration of the process, the increase in investment in high-speed railways, the increase in the demand for environmentally friendly synthetic wood, and the strong development of these industries have brought tremendous market opportunities for polyurethanes.

On a global scale, the polyurethane industry in the Asian market is currently developing rapidly. Compared to the mature polyurethane industry in the West, Asia is still in a period of rapid growth, and China has become the fastest growing country in the world. It is expected that by the end of 2015, China's polyurethane industrial industry will reach 9 million tons to 10 million tons. By accelerating the adjustment of industrial structure and raising the level of high-end products, we will initially form a rational, green, low-carbon and highly efficient polyurethane material industrial system. China will become a big producer of polyurethanes and will be the main force driving the growth of the global polyurethane market in the future.

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