02 February 2012 16:57 [Source: ICIS news]
HOUSTON (ICIS)--Demand for polyurethanes (PU) is rising because of growth in several end markets, the chief executive of Dow Chemical said on Thursday.
Already, demand for polyurethanes is increasing because of the recovery in the automobile industry, said Andrew Liveris, Dow CEO. He made his comments during an earnings conference call.
However, polyurethanes are also benefitting from bedding and furniture, particularly in Asia and other high-growth parts of the world, Liveris said.
In the US, polyurethanes are increasingly being used to improve energy efficiency in buildings, Liveris said.
While demand could increase, costs could rise as well because of a run-up in propylene prices.
Other polyurethane feedstocks include methyl di-p-phenylene isocyanate (MDI) and toluene di-isocyanate (TDI).
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