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Your current position:Home > News > Industry NewsThe next five years the global TPU demand growth of 5.6%
[ Date:2016-1-7 14:14:17 Visits ]
Analysis of data shows that Asia is the world's largest TPU demand market, accounting for 60% of the total global demand, while the production is mainly concentrated in the mainland of China and Taiwan region of china. Europe, the Middle East and Africa TPU demand accounted for 24%.
Analysts believe that the rapid growth of the Asian TPU market, cheap raw materials market and cheap labor and other multiple positive to attract more and more western companies to asia. China investment in particular. Expected future TPU business investment area will be transferred to lower labor costs countries, such as footwear and engineering services developed in Thailand and vietnam.
Though less than 5% of the total production of polyurethane products, it is still the fastest and most flexible industry, he said. The current TPU industry in Southeast Asia to maintain strong growth prospects, while 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 the South American region, 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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