The auto market “reduction” automotive polyurethane industry

The hot scenes of China's auto sales for two consecutive years have been significantly reduced in 2011. From the just-released industry data, China's auto sales fell in May from the same period last year. At the same time, vehicle inventory has also dropped significantly. Market analysts said that the Chinese auto market is entering a period of re-adjustment after experiencing turbulent growth in 2009 and 2010. As for the automotive polyurethane industry associated with automobiles, the future of the industry has attracted attention from the industry.

Some experts believe that the withdrawal of preferential policies for car purchases has played a significant role in cooling the auto market. Dr. Tao Qingji, a professor at the James Madison University Business School and a long-time follower of the Chinese auto industry, believes that the Chinese auto market lacks macroeconomic support in addition to the drop in demand due to withdrawal of stimulus measures.

He said: "From a large background, the Chinese economy has encountered many difficulties this year. At the same time, the recent rise in oil prices and inflation in other areas have also largely curbed the desire of Chinese consumers to purchase cars."

In recent years, the lightweighting of automobiles has become the main direction for the development of automotive materials. Polyurethanes and other materials have become ideal lightweight materials for automobiles. Therefore, the automotive polyurethane industry has always been optimistic about the industry, but as the auto industry gradually "decelerated" and re-entering the adjustment period, the automotive polyurethane industry will face what kind of situation? How will the polyurethane enterprises respond to the current embarrassment?

At the critical moment, PolyU Consulting-Global PolyU rejoins many companies in the industrial chain including polyethers, composite materials, automotive interior parts, and vehicle manufacturers, and held it in Chongqing on July 28-29, 2011. The International Polyurethane Summit - Automotive Polyurethane Industry Chain Forum will be held in conjunction with guests to discuss in depth the application of polyurethane materials in the automotive industry and the future market trend of automotive polyurethanes.