2017 has been a roller-coaster year for the global UPR markets, margins have come under pressure as feedstock costs have seen wild swings month-on-month throughout the year. Producers have had to announce numerous price increases since the start of the 2017 in order to keep on top of raw material cost increases; at times they have been unable to keep up and have had to absorb these cost increases which have left margins for some resins well below expected levels.
Sales wise, the year has been very strong and the hope is that growth will continue at a similar pace for 2018. Overall European demand has grown at above GDP levels and US demand growth during 2017 is pegged up by around 4-7% when compared to the previous year. Demand in the US has seen some unexpected blips following Hurricanes Harvey and Irma but overall it remains impressive.
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