In Q1 2023, polyurethane prices were stable in Asia due to subdued automotive demand and limited availability but rose later due to increasing crude oil prices. Throughout Q2, rising crude oil volatility, robust buyer purchasing power, and steady supply chains led to a continuous price increase. Europe witnessed price fluctuations in Q1 and a significant decline in Q2, attributed to production slowdowns, reduced downstream demand, and sanctions affecting Russian outputs. Exports, stock availability, and reduced overseas demand further dampened the polyurethane price trend. In North America, weak automotive and consumer spending caused Q1 prices to decline, and despite improved Q2 economic conditions, downward pressure persisted due to demand weaknesses and cost fluctuations.
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Definition
Polyurethane is a versatile synthetic polymer composed of repeating units of organic compounds linked by urethane bonds. It exhibits a wide range of properties, including flexibility, durability, and resistance to abrasion, chemicals, and weather. It’s used in various industries for applications like foam insulation, flexible and rigid foams, coatings, adhesives, and elastomers. Polyurethane can be tailored to be rigid like plastics or soft like rubber, making it suitable for products ranging from mattresses and car seats to industrial machinery components. Its diverse properties stem from its ability to be synthesized with various raw materials, yielding a multitude of formulations.
Key Details About the Polyurethane Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Polyurethane in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Polyurethane Price Trends, including India Polyurethane price, USA Polyurethane price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Polyurethane Price Trend:
Polyurethane finds extensive industrial utilization due to its exceptional properties. In construction, it’s used for insulation materials that enhance energy efficiency. In automotive manufacturing, it’s employed for making comfortable and durable seats, as well as vehicle parts like bumpers and panels. Furniture and bedding industries use polyurethane for creating comfortable and resilient cushions. In footwear, it’s utilized for comfortable insoles and outsoles. Coatings and adhesives made from polyurethane provide protective layers and strong bonding. Its versatility extends to medical devices, electronics, textiles, and marine applications, showcasing its crucial role in modern industry by enhancing products’ performance, durability, and comfort.
Key Players:
- BASF SE
- The Dow Chemical Company
- Umicore N.V.
- LANXESS AG
- Mitsui Chemicals & SKC Polyurethanes Co Ltd
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