The next five years the global TPU demand growth of 5.6%
Source：Dongguan LingKe New Materials Co., Ltd. Click：2131Time：2016-03-26 18:37:39【SmallInBig】
Recently, a report released by foreign countries, by 2015, the global TPU market demand will maintain an annual growth of 5.6% growth.
Data analysis shows that Asia is the world's largest market for TPU demand, accounting for 60% of the total global demand, production mainly concentrated in the mainland China and Chinese Taiwan area. Europe, Middle East and Africa TPU demand amount of 24%.
Analysts believe that Asian TPU market of rapid growth, low cost raw materials market and cheap labor and multiple positive attracts more and more western companies to Asia. Especially China investment. It is expected that future TPU business investment in the region will be transferred to lower labor cost countries, such as footwear and engineering business developed in Thailand and Vietnam.
He said thermoplastic polyurethane although only accounted for less than 5% of the total production of polyurethane products, but development is still the fastest and most flexible of industry. At present TPU industry in Southeast Asia keep strong growth prospects, and in the Western Hemisphere, TPU market has been relatively mature.
By 2015, Europe, the Middle East and Africa TPU market growth rate will remain at around 2.5%, while in South America, held in 2014 the World Cup football match will promote the growth of consumer demand for TPU products in Brazil market.
Data analysis shows that Asia is the world's largest market for TPU demand, accounting for 60% of the total global demand, production mainly concentrated in the mainland China and Chinese Taiwan area. Europe, Middle East and Africa TPU demand amount of 24%.
Analysts believe that Asian TPU market of rapid growth, low cost raw materials market and cheap labor and multiple positive attracts more and more western companies to Asia. Especially China investment. It is expected that future TPU business investment in the region will be transferred to lower labor cost countries, such as footwear and engineering business developed in Thailand and Vietnam.
He said thermoplastic polyurethane although only accounted for less than 5% of the total production of polyurethane products, but development is still the fastest and most flexible of industry. At present TPU industry in Southeast Asia keep strong growth prospects, and in the Western Hemisphere, TPU market has been relatively mature.
By 2015, Europe, the Middle East and Africa TPU market growth rate will remain at around 2.5%, while in South America, held in 2014 the World Cup football match will promote the growth of consumer demand for TPU products in Brazil market.
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