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, predicting 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.
Between 2025 and 2029, the global Propylene Oxide (PO) capacity additions will be still predominantly concentrated in the Asia-Pacific region. In China, some new PO projects are accelerating their construction progress, but many planned expansion projects are facing indefinite delays in starting construction, resulting in a significant reduction in the actual implementation of projects compared to expectations.
<Asia-Pacific PO Market Research Report 2024> published by PUdaily, surveys global supply and demand landscape while focusing on Asia-Pacific market. It provides in-depth analysis on PO 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.
Catalogue
