26 September 2012 18:27 [Source: ICIS news]
ATLANTA, Georgia (ICIS)--The US polyurethane market will likely grow by 2.0-2.5% in 2013, Dow Chemical said on Wednesday.
All polyurethanes end markets in the US are growing, according to Mark Bassett, Dow global vice president for polyurethanes. He made his comments on the sidelines of the Polyurethanes 2012 Technical Conference in Atlanta, Georgia.
Spray polyurethane foam (SPF) and automotive applications are doing particularly well, while flexible foam and the mattress segment continue to perform steadily.
PU markets in the Middle East and Africa are performing well, and the economy in Brazil is picking up significantly in the second half of this year.
However, a very soft China market and weak activity in Europe, particularly southern Europe, are maintaining downward pressure on the US, Bassett said.
Also, construction on the Sadara project in Saudi Arabia has begun. The project includes toluene di-isocyanate (TDI) production that will start up in 2015-16 and will be capable of supplying product to other global regions, according to Bassett.
Bassett said TDI and polyols are currently readily available around the world.
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