The Asia-Pacific region mentioned in this report covers China, Southeast Asia, India, Japan, South Korea
Abstract
In October 2024, IMF updated World Economic Outlook report, predicted that the global economic growth to hold steady at 3.2% in 2024 and 2025, with a projected 3.1% CAGR for the next 5 years. Despite expectations of steady economic growth, multiple challenges such as financial instability, elevated debt levels, high energy prices, geopolitical events, and rapid changes in global trade pose difficult policy choices and trade-offs for certain regions and countries. In the face of various choices and transformations, it is the time for PU-related enterprises to reevaluate the global business and to realign industrial investment layouts? Decisions such as expanding or shutting down facilities, acquiring or selling existing polyurethane assets, venturing abroad by polyurethane and downstream businesses, and facing trade protectionism in Europe and America are all part of the challenges they are currently navigating.
The global polyether polyol capacity additions will be primally concentrated in China between 2025 and 2029. Leading players in Chinese polyether polyol market such as Wanhua Chemical, ZPC, Longhua New Material and Changhua Chemical aim to further expand their market share and solidify market position by leveraging the countercyclical strategy. New market entrants like Shenghong Petrochemical, Huayi Chlor-Alkali Chemical, and Tongkun Petrochemical are also accelerating their expansion. Compared to Europe and North America with developed polyether polyol and polyurethane industries, the Asia-Pacific region still holds significant potential.
<Asia Pacific Polyether Polyols Market Report 2024> published by PUdaily, surveys global supply and demand landscape while focusing on Asia-Pacific market. It provides in-depth analysis on polyether polyol supply/demand dynamics, price trends, costs and margins, downstream markets and their prospects, industry opportunities, potential threats, and more. This report offers real-time, accurate and integrated industry data and market trend analysis for professionals in the polyurethane industry, enabling them to grasp market trends, make informed decisions, and collectively promote the high-quality and sustainable development of the polyurethane industry.
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