Supported by the downstream polyurethane industry, demand for Indian TDI, MDI and polyether polyols is expected to remain strong over the next five years.
At the 2011 Indian polyurethane exhibition and conference held in New Delhi from March 9th to 11st, relevant sources stated that this year, the demand for polyurethanes from India's domestic shoe materials, automobiles, furniture and construction industry is expected to increase by 15-20%.
At present, the per capita PU ratio in India is only 0.25 kg, while the per capita PU ratio in developed countries reaches 20 kg. "We can foresee that if the PU industry in India continues to develop, there will be great demand," said an MDI producer.
Recognizing the potential of India's MDI market, Huntsman has announced that it will build a new polyurethane system material plant in the region and will start operations in April 2012.
“Polyurethane application opportunities are ubiquitous. We see that the demand for TDI, MDI and polyols in India is increasing year by year.†An isocyanate producer in Northeast Asia also said.
Demand from the Indian automotive industry is expected to reach 20%, which has become a major factor in boosting local polyurethane demand. Polyurethanes are widely used in automotive applications such as automotive interiors, instrument panels, adhesives, elastomers, and seat cushions.
The number of local foam producers in India has doubled. As multinational corporations build new branches in the region, the existing customer base of foam manufacturers has increased. They are also planning to expand their production capacity by 30-50% this year, focusing on the production of flexible polyurethane foams using TDI and soft foam. Polyether as a raw material.
“Our customers in the automotive and furniture industries have indicated that their orders this year are at least 15% higher than last year, so we are expanding with customer demand,†said a bubble manufacturer from southern India.
At the same time, some home appliance manufacturers in Northeast Asia have also established factories in India since last year to meet the growing demand in the region.
“This is not a short-term trend. We will build more new projects in India in the next few years.†An isocyanate producer in Northeast Asia added that investors have regarded India as another major manufacturing center after China.
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