Global Polyurethanes Market
In value terms, polyurethanes production declined modestly to $ in estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of %. Global production peaked at $ in , and then declined modestly in the following year.
China ( tons) remains the largest polyurethanes producing country worldwide, accounting for % of total volume. Moreover, polyurethanes production in China exceeded the figures recorded by the second-largest producer, the United States ( tons), twofold. The third position in this ranking was taken by Belgium ( tons), with an % share.
From 2007 to , the average annual rate of growth in terms of volume in China amounted to +%. In the other countries, the average annual rates were as follows: the United States (-% per year) and Belgium (-% per year).
The global polyurethanes market value reached $ in , stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. Over the period under review, the global market hit record highs in and is expected to retain growth in the immediate term.
In China, polyurethanes consumption expanded at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (-% per year) and India (+% per year).
In value terms, China ($), the United States ($) and Japan ($) were the countries with the highest levels of market value in , together comprising % of the global market.
China, with a CAGR of +%, recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of polyurethanes per capita consumption in were Belgium ( kg per person), Hungary ( kg per person) and Taiwan (Chinese) ( kg per person).
From 2007 to , the biggest increases were in Turkey (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.