US
The coronavirus outbreak has resulted in major disruptions in the UPR supply chain, with large scale production cuts, increased costs, and shortages of raw materials. In addition, restriction on imports and exports also affected market prospects. The US UPR market in June improved significantly from previous month due to the growth of end use industries, such as construction, marine and automotive. The UPR demand is expected to continue high in July because of increased construction activities.
Asia
The effect of COVID-19 on the Asian economy greatly affected the growth trajectory of the UPR market. Demand for UPR in the Asian market started to increase in June. Overall demand was soft in the first half of 2020 due to shutdown to prevent the spread of the coronavirus. UPR supply increased in Asia in June because most plants restarted and raised the use of UPR in different applications. Import demand from China and other Asian countries were both healthy, owing to healthy import margins and wider downstream production margins.
Europe
The demand for UPR in Europe was hit hard by the COVID-19 pandemic during last few months. In June 2020, the European UPR market showed a slight increase as compared to May 2020, as manufacturing along the supply chain and end use consumption increased. The end use markets, such as automotive, construction, electronics, and marine, had a good market in June. This positive trend is expected to continue further.
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.
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