The global demand for UPR increased slightly by 1.3% in Q3 2021 from Q2 2021. The UPR demand increased in this quarter mainly driven by an increase in construction activities globally. The UPR price, on an average, increased about more than 15% in Q3 2021 as compared to Q2 2021. UPR prices increase was mainly due to increase in raw material prices resulting from supply chain disruption.
In Q4 2021, the global demand for UPR is forecasted to increase by 1.5% from Q3 2021. The fourth quarter result will be influenced by an increase in demand from various industries, such as automotive, wind, construction, pipe, marine, and others. Global UPR price is forecasted to increase by ~5.8% in Q4 2021. The figure below depicts the change in demand and the price of UPR over the past five quarters and one forecast quarter.
Figure 1: Global Quarterly Change in UPR Shipment and Price Trends
In Q3 2021, the North American UPR market increased as compare to Q2 2021, and it is expected to maintain the pace in Q4 as well. UPR demand increased mainly due to growth reported by the pipe market. The North American UPR market is expected to grow further with growth in major end use industries like automotive, marine, pipe, wind, and construction markets.
In Q3 2021, the demand for UPR in Europe increased as compared to Q2 2021 and this demand growth is expected to continue in Q4 2021. The UPR demand will increase in Q4 2021 due to rise in demand from major end use industries, such as automotive, aerospace, wind, and PCB.
In Asia, the UPR demand increased in Q3 2021 as compared to Q2 2021 and this is expected to be maintained in Q4 2021 as well. Growth in drilling and construction activities has driven the UPR demand in this region. Construction activities in Japan increased by 1.7% in Q3 2021 as compared to Q2 2021. Electrical & electronics industries has also put positive impact on UPR growth, E&E industry witnessed growth due to revival of the Chinese market.Enable GingerCannot connect to Ginger Check your internet connection
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