Dynamic markets and greater product sustainability were key themes at the 2013 CASE (coatings, adhesives, sealants and elastomers) conference in Amsterdam.
A shift in production from China to countries where goods can be produced at lower cost is set to change the landscape of the global polyurethane industry, according to research revealed at the conference.
Speaking in December 2013, the chemical research director at polyurethane market experts IAL Consultants Robert Outram provided an insightful snapshot of global polyurethane production.
He said the landscape could change further as companies consider shifting production to even cheaper countries like Vietnam.
Market trends and global share
According to Outram, coatings, adhesives, sealants and elastomers account for almost half the economic activity (48%) of the world’s polyurethane industry.
But, the market is heavily distorted towards Asia, he said. The shift in spandex, shoe production and synthetic leather production from other regions has made Asia the polyurethanes production race frontrunner.
While Europe’s polyurethane production was in the region of 4m tonnes in 2012, Asia produced more than double that at 10m tonnes. The amount of Asia’s polyurethane to enter the CASE market was around 5.8m tonnes, the majority of which is used…