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Follow on Google News | Expanded Range of Applications to Promote Prospects of Polyurethane Market in Sub-Saharan AfricaWider use of polyurethane for various applications is anticipated as sub-Saharan Africa emerges from the global economic recession. Increased buying power boosts the demand for polyurethane foams in bedding and furniture applications.
By: Frost & Sullivan New analysis from Frost & Sullivan (http://www.chemicals.frost.com) “The polyurethane market in Sub-Saharan Africa is fast growing as the use of polyurethane for insulation in refrigerator and construction applications increases,” notes Frost & Sullivan Chemicals, Materials and Food Research Analyst Dilshaad Booley. “Enhanced consumer buying power as a result of stabilising economies promotes demand for these polyurethane containing products.” The use of polyurethane to replace rubber and as a wood substitute in interior decorating applications is another driver of the sub-Saharan African polyurethane market, which could experience growth exceeding that of the international polyurethane market. A decline in the construction and automotive sectors resulted in decreased demand for products containing polyurethane. The global economic recession deterred many local customers from purchasing furniture, bedding and footwear products due to reduced buying power. At the same time, the sharp rise in raw material price during the slowdown affected the price of polyurethane and the applications in which it was used. Consequently, the demand for polyurethane products reduced as fewer people could afford them. Hence, this created an opportunity for low-cost imports to enter the market. Finished products containing polyurethane are being imported more frequently into sub-Saharan Africa. These products are cheaper than those locally manufactured, resulting in the loss of business for the manufacturers. This is, especially evident in the footwear sector, where China exports footwear containing polyurethane to sub-Saharan Africa. “Sub-Saharan Africa imports all of its raw materials for polyurethane, leading to local polyurethane manufacturers purchasing these raw materials at higher prices due to fluctuating exchange rates and various import duties,” explains Booley. “Therefore, the final product containing polyurethane will be more expensive than if it were to be imported from China.” Nevertheless, projections for polyurethane manufacturers are upbeat. Currently, the number of applications for polyurethane in sub-Saharan Africa is limited. This offers growth opportunities for polyurethane manufacturers to expand their applications in buildings and refrigeration sectors. The growing manufacturing sector promises to make use of polyurethane products, ranging from construction to refrigeration, transport and automotive enhancements. Sub-Saharan African Market for Polyurethane is part of the Chemicals & Materials Growth Partnership Services programme, which also includes research in the following markets: South African Engineering Plastics Market, South African Market for Automotive Plastics, Sub-Saharan African Biofuels Market and Key Sub-Saharan African Crop Protection Chemicals Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. If you are interested in more information on this study, please send an e-mail to Christie Cronje, Corporate Communications, at christie.cronje@ About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com. Sub-Saharan African Market for Polyurethane M5DF Contact: Christie Cronje Corporate Communications – Africa P: +27 18 464 2402 E: christie.cronje@ http://www.frost.com # # # Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's research and consulting services empower clients to generate, evaluate, and implement effective growth strategies. End
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