PU growth supported by improved automotive, construction sectors

25 September 2012 17:45  [Source: ICIS news]

ATLANTA, Georgia (ICIS)--Polyurethanes (PU) industry growth is supported by increasing optimism in the US economy, the senior director of the Center for Polyurethanes Industry (CPI) with the American Chemistry Council (ACC) said on Tuesday.

A healthy US automotive sector and gradually increasing activity in construction are contributing to the improving performance of the PU industry, CPI senior director Lee Salamone said on the sidelines of the Polyurethanes 2012 Technical Conference in Atlanta, Georgia.

However, the spectre of economic uncertainty still hovers over the PU sector, Salamone said.

The position of the US congress on tax cuts and the results of the upcoming elections in the US are other unknowns that will affect the PU industry.

The CPI director also said that new materials and applications will allow the public to better enjoy the benefits of PU products. They are being used to insulate homes and to make automobiles lighter, which increases energy efficiency.

Attendance at the conference by Monday evening stood at 896 registered participants – a five-year high, and 100 more than last year, Salamone said, adding that the numbers are a reflection of the growing optimism in the PU industry.

By: Ron Coifman
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