One of the highlights of the EuroPUR annual meeting is the market review of the European flexible polyurethane foam market. This year Angela Austin took us through the numbers as Simon Robinson reports.
Sales of the European flexible foam industry grew by 5.2% in 2015, Angela Austin of Labyrinth a Research & Markets told delegates to the 2016 EuroPUR annual meeting in Brussels in June.
This year, Austin broadened the scope of her report with “data on the Russian Federation, Turkey and some Eastern European members. Data is collected from EuroPUR members and others connected with the industry,” she told delegates.
“With regards to TDI globally the relationship between supply and demand was much looser in 2015 than previous years and in some cases prices fell by as much as 40% during 2015. According to industry reports five of the seven producers in China stopped production for several months in 2015 to try to stabilise the situation, without much success.
Supply and demand
“Despite this situation, the Chinese Polyurethane Industry Association has set a target of 1.5 MT/year capacity by 2020,” Austin warned. She added that this will increase production “substantially.”
“In the Americas, demand has been stable and there’s not much new capacity expected in the next few years and in Europe we saw TDI capacity going in last year,” Austin said.
|European flexible foam industry 2014 and 2015 (EU 28+ NO+CH)|