The global demand for UPR increased by 3.4% in Q2 2021 from Q1 2021. In Q2 2021, major end use industries grew resulting in increased demand of UPR. The global light vehicle sales grew by 35% and US housing starts grew by 46% in Q2 2021 as compared to Q2 2020. The UPR price on average increased about 16.2% in the Q2 2021 when compared to Q1 2021. Growth in the UPR prices was driven by the increase in raw material prices such as styrene; the price of styrene increased by ~32.1% in the Q2 2021. The figure below depicts the change in demand and the price of UPR in the past five quarters.
Source: Lucintel
Figure 1: Global Quarterly Change in UPR Shipment and Price Trends
North America
In Q2 2021, the North American UPR market increased as major end use industries including automotive, aerospace, PCB, and drilling activities began to show upward trend. Light vehicle sales in North America increased showed double digit growth i.e. by 15% in Q2 2021 from Q1 2021. Aircraft deliveries in the region witnessed very high growth in Q2 2021, while drilling activities increased by 2% in this quarter, putting positive impact on UPR market.
Europe
In Q2 2021, the demand for UPR in Europe increased as compared to Q1 2021. There were increases in demand and normal functioning in production activities of major end use industries. Light commercial vehicles sales in Europe grew by 78% in Q2 2021 compared to Q2 2020, creating a favorable impact on UPR demand.
APAC
Asian UPR demand increased in Q2 2021 as compared to Q1 2021, supported by growth in the transportation industry and increase in drilling activities for oil and gas industry in this quarter. Electrical & electronics demand was also increased, during Q2 2021, driven by revival in the Chinese market. Construction activities in Japan increased by 15.7% in Q2 2021, when compared to Q1 2021.Enable GingerCannot connect to Ginger Check your internet connection
or reload the browserDisable in this text fieldRephraseRephrase current sentenceEdit in Ginger
The price and demand analysis on above is published monthly for various regions. Lucintel analysts collect supply, demand and price data from various suppliers and consumers on a monthly basis and also analyzes news on supply and demand issues, production, and price trends. This allows Lucintel to publish unbiased assessments on price and demand movements to help you make confident business decisions on your negotiation or business issues.
Become a valued Lucintel member to gain access to thousands of market data, price and demand trends, and more for one low rate ($89 / month to $1,850 / month). Analyst and sales support included.
Try Demo
Buy Now