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Growth in Polyurethane Industry Proves Beneficial to U.S. Manufacturing

The economic growth of polyurethanes is beneficial to the manufacturing sector as a whole, as each additional job within the polyurethane industry indirectly supports more than five jobs in additional markets dependent on polyurethane consumption.

 
PRLog - Nov. 28, 2012 - Rutherfordton, NC – November 28, 2012 -- According to a recent study released by the Center for Polyurethanes Industry (CPI) in November 2012, in the year 2010 over 37,000 additional jobs were created as a direct result of economic growth in the United States’ polyurethane industry. The economic growth of polyurethanes is beneficial to the manufacturing sector as a whole, as each additional job within the polyurethane industry indirectly supports more than five jobs in additional markets dependent on polyurethane consumption. The recently completed CPI study found that nearly 165,000 additional jobs were indirectly supported by growth in the polyurethane industry in 2010.

“It’s a good feeling knowing that the products we make are helping to support jobs and keep other companies in business,” said Troy Bright, of Sunray, Inc., a leading manufacturer of custom polyurethane wheels and products.

Although the polyurethane industry has yet to return to peak levels of output, there is a general consensus among industry experts that it is moving in the right direction. In 2010, the polyurethane industry was tied to directly generating $19.7 billion in revenue in the United States and indirectly supporting an additional $40 billion in revenue for other industries. As of 2012, the polyurethane industry is valued at $21 billion. Per a global polyurethane report by Research and Markets, the demand for polyurethane is expected to grow at a compounded annual growth rate (CAGR) of 4.7% through 2016, with the U.S., Asia-Pacific and Europe dominating the polyurethane marketplace.

For more information on polyurethane products, visit: http://www.sunray-inc.com/polyurethane/

Resource Box:

Sunray Inc., is a producer of top-quality, custom polyurethane products and urethane products. For more information, see: http://www.sunray-inc.com.

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Source:Sunray Inc.
Phone:1-828-287-7030
Zip:28139
City/Town:Rutherfordton - North Carolina - United States
Industry:Industrial, Manufacturing
Tags:industrial manufacturing, polyurethane, Sunray Inc, cpi, polyurethane wheels
Shortcut:prlog.org/12031793
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