China may usher in black African polyurethane market at low cost

Sub-Saharan Africa is generally referred to as Africa south of central Sahara, also known as "Black Africa." Black Africa is south of the Sahara, and it is mostly black, so it is named Black Africa. There are more than 600 million people in Black Africa, and more than 90% of them are black people.

Since the economic recovery, there has been a significant increase in the polyurethane polyurethane market in black Africa. However, due to the fact that production costs lead to local polyurethane terminal products being higher in price than some imported products, China, as a large producer of low-cost products, will usher in the black-aquatic polyurethane market.

According to a new research report from the famous research company Frost & Sullivan, the polyurethane market revenue in black Africa in 2009 was US$545.6 million, and it is expected to reach US$694.7 million in 2016. In the report, Frost & Sullivan's professional analysts analyzed the black Africans from the perspective of polyurethane raw materials TDI and MDI, as well as application fields including mattresses, furniture, automobiles, refrigerators, refrigeration, construction, coatings, footwear, adhesives, and sealants. Polyurethane market.

The research company stated that the increase in purchasing power in Black Africa has triggered the demand for polyurethane foam for applications such as mattresses and furniture; replacing wood and rubber has become a growth area for the black African polyurethane market; the black African polyurethane market has been used in applications such as refrigerators and building insulation. Growth has seen rapid growth. Among them, applications in the areas of alternative rubber and wood are likely to experience growth rates that exceed the global polyurethane market.

The relevant analysts said that the economic recovery has enhanced the purchasing power of customers and at the same time boosted the demand for these polyurethane-related products.

During the Great Depression, the purchasing power of many local customers of furniture, mattresses and footwear products decreased, and the decline in the construction and automotive sectors reduced the demand for polyurethane related products. The price of raw materials affected the price and application of polyurethane end products. As a result, the demand for polyurethane products decreases as purchasing power decreases, providing opportunities for low-cost imported products.

It is understood that black polyurethane raw materials all rely on imports, local polyurethane manufacturers to purchase these raw materials at higher prices, resulting in local production of polyurethane-related end products will be higher than the price of imported products from China.

Frost & Sullivan said that because imported goods are cheaper than locally produced, especially in China and other low-cost polyurethane footwear exports, local producers will lose business. Imports of polyurethane-related end products will become more frequent.

About Frost & Sullivan:

Frost & Sullivan is an internationally renowned market research, publishing and training company. Frost & Sullivan completes a large number of single customer market and strategic consulting projects each year and publishes thousands of reports in more than 50 industry sectors. For more than 40 years, Frost & Sullivan has provided reliable market and strategic consulting services to companies in more than 50 countries and regions. Its high quality service has earned it a worldwide reputation in more than 300 key industrial sectors.

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