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ASIA PACIFIC POLYURETHANE MARKET FORECAST 2018-2026

ASIA PACIFIC POLYURETHANE MARKET FORECAST 2018-2026

  • June 2018
  • 88 pages
  • ID: 5446181
  • Format: PDF
  • By Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The Asia-Pacific polyurethane market is expected to surpass other regional markets over the course of the forecast period of 2018-2026 by exhibiting a CAGR of 7.14%. China is the most profitable destination of polyurethane in this region.

MARKET INSIGHTS
Large numbers of buildings that are poorly insulated, particularly in the developing economies of India and China, represents considerable growth potential for thermal insulation materials in this region.This increases the demand for rigid polyurethane foams.

Apac also enjoys advantages over other regional markets in terms of the easy availability of raw materials and skilled workforce at competitive rates.This, coupled with Asia-Pacific’s flourishing automobile and construction industry, is likely to drive the market growth in this region.

However, several environmentalists have raised concerns about the use of PU waste as it is not environment-friendly. This could potentially dampen the market progression.

COMPETITIVE INSIGHTS
Mitsui Chemicals Inc, Mitsubishi Chemical Corp, Nippon Polyurethane Industry Corp Ltd, Bayer Ag, Lubrizol Corp, Woodbridge Foam Corp, Covestro, Basf Se, Recticel S.A, RTP Company, The Dow Chemical Company, and Eastman Chemical Co are the leading companies engaged in this market.

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