European demand for polyurethane grew by almost 8.5% in 2004. Rigid foam and elastomeric applications drove this increased demand. Steady growth in rigid foam segment can be attributed to growth in the construction industry in Europe, particularly Eastern Europe and increased use in insulation applications.
Demand for MDI, a key feedstock of PU, also recorded an increase, due to :
A double digit growth (almost 10%) in demand from the refrigeration industry
Increased use in insulation applications
Greater production of TPUs
Preference by automotive seating manufacturers for MDI
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