Get the latest insights on price movement and trend analysis of Polyurethane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
In the first quarter of 2022, the demand for polymer products in Asian countries like China and India sharply increased due to higher discretionary consumption. At the beginning of January, the price of PU Resin was 4435 USD/MT FOB Shanghai in China, but by mid-February, it decreased in the Asian market.
During the second quarter of 2022, the pricing trend in the Asian region was fluctuating as feedstock prices constantly changed as a result of market instability in the petrochemical and crude oil sectors. Polyurethane prices in China and India increased by 4 to 6% on a quarterly basis as a result of the building and furniture industries' continued high demand.
With a spike at the start of the quarter and stable pricing for the remainder of Q1 2022, polyurethane prices were stable on the European market. The industry experienced margin difficulties as a result of rising raw material costs, which persisted throughout Q1.
In the European Region, the price trend for polyurethane (PU) resin remained stable, and product prices increased in the second quarter of 2022. Due to a sudden increase in petrochemical prices brought on by a lack of crude oil supply in the area, feedstock prices for TDI, MDI, and Polyol spiked at the beginning of the quarter. During the second quarter, the regional market's product offtakes remained subdued.
Due to a rise in demand from downstream paints, coatings, sealants, plastics, etc., polyurethane resin price trends in North America were projected to be constant in the first quarter of 2022. The market sentiment of polyurethane resin remained negative throughout the second quarter, and North American product prices dropped. During the second quarter, the prices of the feedstocks TDI and propylene oxide varied due to unstable upstream petrochemical pricing.
The cost of producing the product was negatively impacted by the declining prices of Polyol and MDI at the same time. The product offtakes in the regional market during the period remained average as a result of the moderate demand for PU resin that persisted for furniture and sealants from the home and construction sectors.
Procurement Resource provides latest prices of Polyurethane. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Polyurethane (PUR and PU) refers to a polymer made up of organic units, which are further connected by carbamate (urethane) links. These polymers are conventionally formed by reacting a di- or triisocyanate with a polyol. Since polyurethanes are composed of 2 types of monomers, which polymerise one after the other, they are grouped as alternating copolymers. They are used in almost all industries as they possess a certain hardness and can replace rubber or even metal.
|Industrial Uses||Foam seating and foam insulation panels, Wheels and tyres, Electronic applications, Electrical potting compounds, Adhesives, Surface coating and surface sealants, Synthetic fibres|
|Chemical Formula||(R1 NH COO R2)n|
|Supplier Database||BASF SE, The Dow Chemical Company, Umicore N.V, LANXESS AG, Mitsui Chemicals & SKC Polyurethanes Co., Ltd.|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Synthetic polymers, like polyurethane, are often prepared by reacting monomers in a reaction vessel. In order to produce polyurethane, polyol, namely poly(1,4-butanediol adipate) is reacted with a diisocyanate like methylene diphenyl diisocyanate to polymerise in a twin screw extruder, which results in the formation of Polyurethane.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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