Syndicated Reports

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.

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.

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.

In the ever-evolving landscape of the global economy, China’s TPU market has become a focal point for global attention due to its rapid growth momentum and vast market potential. Currently, China’s TPU market is oversupplied. But given the diverse application areas of TPU, there are some structural differences in demand. The supply and demand conditions among low-end, mid-tier and high-end products are diverging. The applications for lower-end products are broader with a more scattered customer base, indicating a market with a large scale, sufficient supply, and intense competition. Consequently, businesses with strong branding, cost advantage, and a solid customer base are more competitive in market share and pricing. On the other hand, demand in higher-end sectors is growing rapidly. Multinationals and Chinese leading players dominate this market with their wealth of technical experience and high-quality product offerings.

Asia-Pacific MDI market was impacted by the slow-down of worldwide economy and demand recovery in 2023, meanwhile, the regional divergences was growing, which also negatively impacted on the export business development of Asian MDI suppliers as the MDI demand was taken more pressure in Europe and some of other markets worldwide. For MDI supply end, some of new crude MDI capacity release was slow down. Even so, new MDI splitter projects of mainstream MDI suppliers were under the planned schedule as a whole. MDI demand in China, one of the most important markets in Asia-Pacific, performed weak recovery in 2023, with individual highlights in sub-segments of MDI downstream sectors. See details in Asia-Pacific MDI Market Research Report 2023, released by PUdaily, which focuses on the Asia-Pacific MDI market, providing in-depth insights from both supply and demand ends, market price review & forecast, and potential demand growth in downstream sectors.

In 2022, a series of interrelated major events, including the COVID-19 pandemic, the war in Ukraine and the resulting food and energy crisis, soaring inflation, tightening debt conditions, and climate emergencies, resulted in a severe blow to the global economy. The global economy has been seeing a slowdown in 2023 since the last year. The Asia-Pacific region is generally in a post-pandemic recovery phase, but the recovery is slow. Dow Chemical and Shell declared force majeure on the supply of propylene oxide. Zhejiang Petroleum & Chemical, Satellite Chemical, and Jincheng Petrochemical successfully started their new production facilities. However, the demand from polyether polyols and propylene glycol has not met expectations, amplified the supply-demand imbalance and further tilted the dominance downstream. The price of propylene oxide has fallen to the level of CNY 10,000/tonne, with narrower fluctuations, while profitability has significantly declined. With the implementation of “Industrial Structure Adjustment Guidance Catalogue”, the use of chlorohydrin process is expected to be phased out in China by the end of 2025. Asia Pacific PO Market Report 2023, prepared by PUdaily, focuses on the Asia-Pacific market, providing in-depth analysis of the supply-demand pattern, price trends, costs and profits, potential growth, industry opportunities and potential threats, investment environment, and more. This report will assist users in targeting the ever-changing submarkets in the coming years, helping stakeholders make informed decisions and promote their development.

In 2022, a series of interrelated major events, including the COVID-19 pandemic, the war in Ukraine and the resulting food and energy crisis, soaring inflation, tightening debt conditions, and climate emergencies, resulted in a severe blow to the global economy. The global economy has been seeing a slowdown in 2023 since the last year. The Asia-Pacific region is generally in a post-pandemic recovery phase, but the recovery is slow. SK Group is divesting its polyol subsidiary, SK Pucore, to reorganize its assets and accelerating the transformation of its business model towards a focus on chips and secondary battery materials. Wanhua Chemical, Changhua Chemical, and Zhejiang Petroleum & Chemical are further expanding their market positions in the polyether polyol sector and enhancing their brand image to consolidate their industry influence. However, the demand recovery in downstream industries such as upholstered furniture, automobiles, home appliances, and construction, which heavily rely on polyether polyols, is slower than expected, reflecting low market expectations, low confidence, and insufficient purchasing power. Despite the support from the cost side - propylene oxide, the mainstream prices of polyols have been constrained and fluctuated around CNY 10,000/tonne due to the imbalance between supply and demand. Asia-Pacific Polyether Polyols Market Research Report 2023, prepared by PUdaily, focuses on the Asia-Pacific market, providing in-depth analysis of the supply-demand pattern, price trends, costs and profits, potential growth, industry opportunities and potential threats, investment environment, and more. This report will assist users in targeting the ever-changing submarkets in the coming years, helping stakeholders make informed decisions and promote their development.

PUdaily’s China Adipic Acid/Polyester Polyols Market Research Report 2023 focuses on Chinese market and mainly analyzes Adipic Acid/Polyester Polyols products. The report conducts in-depth study on AA supply, consuming market over the past and next five years. Besides, it provides comprehensive analysis on the costs and profits, leading manufacturers’ value chains, market positionings and marketing tactics, purchasing preferences of end users, and investment opportunities and potential threats. The report would assist users to target the growing segments over the coming years, thereby aiding the stakeholders in taking informed decisions and facilitating their expansions.

PUdaily’s China BDO-THF-PTMEG Market Research Report 2023 focuses on Chinese market and mainly analyzes BDO-THF-PTMEG industrial chain. The report conducts in-depth study on supply, consuming market over the past and next five years. Besides, it provides comprehensive analysis on the costs and profits, leading manufacturers’ value chains, market positionings and marketing tactics, purchasing preferences of end users, and investment opportunities and potential threats. The report would assist users to target the growing segments over the coming years, thereby aiding the stakeholders in taking informed decisions and facilitating their expansions.

PUdaily’s China Polyurethane Elastomers Market Research Report 2023 focuses on the Chinese market and analyzes the development and future prospects of China's polyurethane elastomers around TPU and CPU products. The report conducts an in-depth study of the changes in TPU and CPU supply and demand in the past and next five years, and comprehensively considers raw materials, supply and downstream applications, and analyzes costs and profits, technological innovation, end-user purchasing preferences, investment opportunities and potential threats. A comprehensive analysis of. The report will help users target the growing segments in the coming years, thereby helping stakeholders take informed decisions and facilitate their expansion.

Modified MDI, as MDI derivatives, has many grades in the market, and are generally designed to meet customized and differentiated application requirements of downstream industries and production conditions. In the supply side of modified MDI, more projects from MDI suppliers worldwide are focused on MDI distillation capacity expansion in next years. In China, modified MDI suppliers are divided into suppliers with MDI capacities (e.g. Wanhua Chemical and Huntsman), and suppliers without MDI capacities that need to purchase PMDI, MMDI, MDI-50 for processing (e.g Inov and JIAHUA). On the whole, Chinese modified MDI industry is highly concentrated. The report will introduce the mainstream brands, production & supply, pricing & sales strategies of the major modified MDI suppliers in China. In the next five years, Chinese modified MDI capacity is expected to further grow. In the demand side of modified MDI, this report will cover the main downstream industries of modified MDI like moulded foam, memory foam / high resilience foam, elastomer and CAS.

In 2022, a series of interrelated major events, including the COVID-19 pandemic, the war in Ukraine and the resulting food and energy crisis, soaring inflation, tightening debt conditions, and climate emergencies, resulted in a severe blow to the global economy. The global economy has been seeing a slowdown in 2023 since the last year. The Asia-Pacific region is generally in a post-pandemic recovery phase, but the recovery is slow. For rigid blended polyols, downstream sectors, such as home appliances, cold chain, and construction, have shown weak demand growth. Facing increasingly fierce competition, these industries have seen a low gross profit margin, below 5%. Lecron Share has discontinued its investment in the construction of a 45 ktpa polyether polyol expansion and a 20 ktpa cyclopentane-based blended polyols project. Covestro has exited the home appliance business in the Asia-Pacific region and shifted its focus to polyurethane system applications in automobiles, wind blades, pultrusion and reefer containers. The rigid blended polyols market is gradually dominated by top suppliers such as Wanhua, BASF, and Hongbaoli. Small and medium-sized ones have suffered a sharp decline in sales due to shrinking demand and production suspension, leading some to exit the rigid polyols market. China Rigid Blended Polyols Market Report 2023, prepared by PUdaily, focuses on the Asia-Pacific market, providing in-depth analysis of the supply-demand pattern, price trends, costs and profits, potential growth, industry opportunities and potential threats, investment environment, and more. This report will assist users in targeting the ever-changing submarkets in the coming years, helping stakeholders make informed decisions and promote their development.

PUdaily’s China ADI Market Research Report 2023 focuses on Chinese market and mainly analyzes HDI and IPDI products. The report conducts in-depth study on global and Chinese HDI and IPDI supply, Chinese consuming market, costs and profitability, and sales tactics and future prospects of Chinese manufacturers. Besides, it provides comprehensive analysis of HDI and IPDI prices in Asia, with a focus on the Chinese market. The report would assist users to target the growing segments over the coming years, thereby aiding the stakeholders in taking informed decisions and facilitating their expansions.