Rigid blended polyol has become an indispensable and important material in modern industry due to its excellent performance and wide range of applications. A detailed analysis of the supply and demand pattern in Chinese rigid blended polyol market in 2023 is given in PUdaily’s latest report.

1. Capacities & Outputs of Rigid Blended Polyols in China 2023

A series of severe and mutually reinforcing shocks hit the world economy in 2022, including the Covid-19 pandemic, the war in Ukraine, disrupting food and energy markets, skyrocketing inflation, tightening debt, and climate emergency. In 2023, the global economic slowdown continued, and the Asia-Pacific economy was in a post-pandemic recovery phase, but recovering at a slow pace. The demand for rigid blended polyols remained weak in downstream industries such as home appliances, cold chain, and construction. Blended polyols manufacturers faced fierce competition and had low profit margins (less than xx%). Lecron Group terminated the investment and construction of a xx ktpa polyether polyol expansion and xx ktpa cyclopentane-based blended polyols integration project. Covestro exited formulated polyether polyols business for home appliance industry in Asia Pacific and focused instead on PU system applications in automobiles, wind blades, pultrusion and reefer containers. Many small and medium-sized manufacturers experienced a sharp decline in revenues and some were crowded out due to shrinking demand and production stoppages, resulting in even bigger market shares for large manufacturers, such as Wanhua Chemical, BASF, and Huntsman.

In 2023, Chinese rigid blended polyols market became increasingly competitive. Leading manufacturers optimized their industry chain and increased R&D investment to improve product quality, technological level, comprehensive competitiveness, brand image, and industry influence to capture more market share. Meanwhile, some manufacturers with scale advantages and technological strength started to integrate resources through mergers and acquisitions. China’s capacity of rigid blended polyols expanded to xx mtpa due to capacity expansion by Wanhua Rongwei and output increased to xx million tonnes by xx% year-on-year.

2. Consumption of Rigid Blended Polyols and Finished Products in China 2019-2023

In 2023, China’s consumption of rigid blended polyols amounted to roughly xx million tonnes, up xx% year-on-year. From 2019 to 2023, China’s consumption of rigid blended polyols grew at a CAGR of xx%.

China’s consumption of rigid PU foam has steadily increased in recent years, according to PUdaily. In 2019, the consumption of rigid PU foam in China totaled xx million tonnes. In 2023, this figure had risen to rougly xx million tonnes, at a CAGR of xx% over the past five years. In 2023, the consumption increased xx% compared to the previous year.

If you are interested in Chinese rigid blended polyols market, you can subscribe to China Rigid Blended Polyols Market Report 2023, published by PUdaily..

Please contact:

Telephone: 0086-021-61250980

Email: marketing@pudaily.com

Address: Room 607, Block B, No.1439 Wuzhong Road, Shanghai, China