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The polyurethane foam industry has entered into mature development stage and enjoys absolutely advanced technology in western countries. However, the Asian market grows rapidly and gradually becomes the world’s largest production and consumption center , especially China, whose polyurethane foam market ranks first globally. While the Middle East draws great attention of its potential development despite being in its infancy. With growing capacity, progressive technology, instructive policy and  environmental friendly trend, polyurethane foam industry in China will go to its zenith in the next three years, and the global market will also witness a new development period.

The global raw materials production pattern continues shuffling and China’s growing capacity is in a leading position. For instance, the global competition of MDI tends to be oligarch. The continual capacity expansion of Wanhua gradually covers the whole world, and giants such as BASF and Bayer also conduct large-scale expansion in China, while Mitsui is going to close down its equipment based in Japan. The global annual productivity growth rate of MDI is expected to be 5.7% from 2014 to 2017. Besides, according to incomplete statistics, in China, PO production capacity has reached 2.045 million tons in 2013,and there will be more 800,000 tons in 2014, which will gradually break the import dependence pattern with overcapacity appeared. With the breakthrough of HPPO process in China, what will be going on of domestic PO market and what the global PO capacity pattern will be like ?

Meanwhile, with the rapid expansion of the main raw materials, China's polyurethane industry is exposed to overcapacity and under the pressure of environmental protection and safety production, which have plagued the healthy and sustainable development of the industry. Thus, through independent innovation of science and technology development, to speed up the adjustment of industrial structure, improve the level of high-end products, and realize the rational layout, green environmental protection, low carbon and high efficiency, is the future direction of this industry. From a global perspective, the construction, automobile and electronic equipment industry demonstrates a higher demand for energy saving, thus for the polyurethane insulation materials, which will be mainly applied in construction field. Under the guidance of policies, whether there will be new breakthrough in polyurethane rigid and non-rigid downstream market? And whether the growing demand of overseas terminal market will bring new opportunity for exporting domestic foam products?

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  86 21 51551618 Wendy Liu