Good news for our industry: Cast polyurethane use is growing and is only predicted to expand even more in 2011. Processors and suppliers are eager to capitalize on material advances that are leading to new market opportunities.
The latest PMA Post-Recession State of the Cast Polyurethane Industry research study revealed the top 5 markets where processors and suppliers are expecting to see growth.
Tires / Wheels
Cast polyurethane has always had a strong presence in Tires and Wheels, and that’s not going to change. With material advances, cast polyurethane has become more durable and able to withstand tough conditions, producing significant results.
Defense and Medical
These two markets are projected to grow in the next few years. As defense and medical spending remain strong, cast polyurethane has the opportunity to not only continue producing materials, but to expand its role into new applications. Cast polyurethane has already shown its ability to perform consistently; now it just needs designers/engineers to see how it could do more.
Mining and Oil/Gas
Cast polyurethane’s superior abrasion, impact and cut resistance has always made it a great fit for mining and oil/gas applications. The material is resilient in harsh conditions and provides users with longer service life compared to other materials. Cast polyurethane processors and suppliers will continue to develop advanced urethane formulations to better serve mining and oil/gas conditions. As members cater to these industries, processors and suppliers plan to penetrate the existing market and actively seek new opportunities.
With expected material usage increases in these 5 markets, processors and suppliers are also using the material’s advancements and advantages to attract new customers across a more diverse array of markets. The sheer versatility of cast polyurethane makes it a perfect fit for a number of industries. For example, the following markets are already using cast polyurethane in specific applications:
• Entertainment (Recreation/Amusement)
• Electronic
• Food Processing
• Automotive
• Packaging
5 Markets Expected to Advance Urethane Growth
Posted by
pmablogger
Friday, January 14, 2011
Labels: Cast Polyurethane , Defense , Medical , Mining , Oil and Gas , PMA , Post-Recession State of the Industry , Tires , Wheels
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