Summary
China Polyurethanes Market Segmented by Application , Industry and Geography Trends and Forecasts ( 2017-2022 ). . China alone has a share of about 30 % in the world polyurethane consumption . In recent years , Chinas GDP continues to maintain an 8 % growth , while Chinas polyurethane production growth is higher than the GDP growth rate .
Description
China demand for polyurethane has grown at a fast pace in the past decade . In the next five years , both production and demand will continue to grow . This report examines China ; s economic trends , investment environment , industry development , supply and demand , industry capacity , industry structure , marketing channels and major industry participants . China alone has a share of about 30 % in the world polyurethane consumption . In recent years , Chinas GDP continues to maintain an 8 % growth , while Chinas polyurethane production growth is higher than the GDP growth rate .
Cheap raw materials , labor , and land coupled with a moderately stringent regulatory framework have enabled China to emerge as the global leader in production while growing domestic demand , especially in construction , automotive , and electronics have resulted in the country emerging as the leading consumer of polyurethane materials . The Chinese economy has maintained a high growth rate which has been stimulated by the consecutive increases of industrial output , import & export , consumer consumption and capital investment . Since its Opening-up and Reform , China becomes the 2nd economic entity in the world with GDP breaking RMB 50 trillion Yuan .
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Foam made of polyurethane provides high insulation value , and helps cut down on space requirements for walls and roofs ; this helps maximize building volume . This is especially important when an existing building is being renovated to comply with better energy efficiency standards : rigid polyurethane spray foam is a particularly versatile and cost-effective tool to upgrade buildings insulation performance . Polyurethane is also appreciated by the construction industry for its durability .
The Global Polyurethane market is segmented by Application ( Foams-Rigid and Flexible , Adhesives and Sealants , Coatings , Elastomers , and others ), by industry ( Furniture and Interiors , Constructions , Automotive and others ). The Key players in the market are BASF SE , Bayer , Dow Chemicals , Nippon Polyurethane Industry , Chemtura Corp .
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Divers :
There is a growing demand from the bedding , cushioning and carpeting industry , a growing demand from the construction industry and these products are preferred as they are recyclable .
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