Canada Is the Best Friend America's Got
That withdrawal signaled a larger shift. The Trump administration over its two terms has steadily retreated from the multilateral, rules-based order the U.S. had built since World War II. It has refused to appoint judges to the World Trade Organization's appellate body, effectively paralyzing the system that enforces global trade rules. It has turned to tariffs as a blunt instrument of coercion, wielding them against strategic competitors like China and longtime partners such as Canada.
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Yahoo
16 minutes ago
- Yahoo
Why we are seeing another meme stock moment: eToro CEO
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Yahoo
16 minutes ago
- Yahoo
Southeast Asia Casting Polyurethane Market to Surpass Valuation of US$ 308.18 Million By 2033
The Southeast Asia casting polyurethane market is defined by industrial expansion, driving demand for durable polyester-based rollers and custom elastomeric parts valued for superior load-bearing capacity and operational longevity in manufacturing, mining, and infrastructure sectors. Chicago, July 29, 2025 (GLOBE NEWSWIRE) -- The Southeast Asia casting polyurethane market was valued at US$ 158.31 million in 2024 and is expected to reach US$ 308.18 million by 2033, growing at a CAGR of 7.82% during the forecast period 2025–2033. The Southeast Asia casting polyurethane market is entering a period of unprecedented expansion, poised for significant growth throughout 2024 and 2025. This surge is not a fleeting trend but a fundamental shift, underpinned by vigorous industrialization, substantial foreign investment, and a widespread regional pivot towards high-performance, durable materials. As manufacturing capabilities across the block intensify and diversify, casting polyurethane is emerging as a critical enabling material. Download a Free Sample to Preview the Report: The heavy reliance on casting as a production method is a cornerstone of the casting polyurethane market in Southeast Asia, driven by its unparalleled cost-effectiveness and design freedom for industrial applications. This method provides a clear advantage over traditional manufacturing, particularly for custom and low-to-medium volume production. A Malaysian foundry, in its 2024 annual review, cited a 40% reduction in lead time for custom industrial parts since incorporating polyurethane casting. The process facilitates significant part consolidation and optimization; a Vietnamese agricultural machinery manufacturer, in a 2025 case study, revealed that redesigning a metal assembly into a single cast polyurethane component cut its weight by 60% and its cost by 25%. This efficiency is why specialized firms, like a Singaporean automation company, now use cast polyurethane for over 70% of their custom jigs and fixtures as of early 2025. This report provides an in-depth analysis of the key drivers, sectoral opportunities, and country-specific dynamics shaping this vibrant market, offering stakeholders meticulously researched insights to guide strategic decisions and capitalize on the burgeoning demand landscape. Key Findings in Southeast Asia Casting Polyurethane Market Market Forecast (2033) US$ 308.18 million CAGR 7.82% By Product Type Rolls (34.06%) By Prepolymer Type Polyester Based Prepolymer (43.65%) By Manufacturing Process Casting (Liquid Polyurethane) (50.38%) By Design Elastomeric (39.09%) By Application Industrial Castings (30.34%) By Distribution Channel Distributors/Wholesalers (58.46%) By Industry Automotive (26.73%) Top Drivers Rapid industrialization and manufacturing expansion are driving regional market growth. Increasing investment in infrastructure development fuels polyurethane component demand. Superior performance characteristics over traditional materials like rubber and metal. Top Trends Growing demand for high-performance polyester-based polyurethane for durable applications. Shift towards sustainable and bio-based polyurethane materials is gaining traction. Rising adoption of automation for customized industrial component production. Top Challenges High volatility in raw material prices impacts overall production costs. Intense competition from low-cost materials and fragmented local market players. Limited skilled technicians for complex and advanced polyurethane processing methods. Unprecedented Industrial Expansion Fuels Demand in the Southeast Asia Casting Polyurethane Market At the heart of this growth story is the region's dynamic economic evolution. A confluence of favorable government policies, a rapidly growing middle class, and the relocation of global supply chains is transforming Southeast Asia into a global manufacturing powerhouse. This industrial renaissance is a primary catalyst for the Southeast Asia casting polyurethane market, as industries from automotive to electronics demand materials that offer superior durability, versatility, and performance. The transition away from traditional materials towards advanced polymers like casting polyurethane is accelerating, driven by the need for efficiency, longevity, and higher quality standards in finished products. Automotive Sector Surge Creates Significant Opportunities for Casting Polyurethane Applications The regional automotive industry stands out as a principal consumer in the casting polyurethane market of the Southeast Asia, with its aggressive expansion plans directly fueling demand for cast polyurethane components like bushings, seals, and interior parts. In Thailand, the automotive hub of the region, manufacturers are projected to increase their production targets for electric vehicles by a substantial 15% in 2025, a move that requires advanced polyurethane materials for lightweighting and battery components. Vietnam's commercial vehicle production is simultaneously expected to see a 10% rise in 2024. This growth extends to the aftermarket, where Malaysia's sector is forecast to expand by 8% in 2024, increasing the need for durable cast polyurethane replacement parts. Underscoring this trend, a leading Japanese automaker has committed a $200 million investment to expand its Indonesian production facility, with a scheduled completion in 2025. Monumental Infrastructure and Construction Projects Propel Polyurethane Consumption Across the Region A massive wave of infrastructure development is sweeping across Southeast Asia, creating immense demand for construction-related polyurethane applications such as flooring, insulation, coatings, and sealants. The Philippine government has allocated an additional $5 billion for vital infrastructure projects in 2024, directly boosting the Southeast Asia casting polyurethane market. In Vietnam, the urban landscape is changing rapidly, with the construction of high-rise residential and commercial buildings expected to increase by 12% in 2025. Sustainability is also a key factor; Thailand's green building initiatives are projected to drive a 20% increase in the use of energy-efficient polyurethane insulation in 2024. Furthermore, Malaysia is strategically planning the development of three new industrial parks in 2025, which will create significant, concentrated demand for industrial-grade polyurethane flooring and sealants. Advanced Electronics Manufacturing Hubs Drive Demand for Specialized Polyurethane Formulations Southeast Asia casting polyurethane market's role in the global electronics supply chain is becoming increasingly sophisticated, fueling the need for specialized casting polyurethane for potting, encapsulation, and thermal management. Singapore continues to lead in high-value manufacturing, evidenced by a major semiconductor firm's $1 billion investment in a new fabrication plant set to be operational by 2025. Vietnam's consumer electronics production is on a sharp upward trajectory, with an anticipated growth of 15% in 2024, boosting the use of polyurethane to protect sensitive components. Concurrently, the digital economy's expansion is driving a 25% projected increase in the demand for data centers in Indonesia in 2025, a sector that requires specialized polyurethane materials for critical thermal management systems to ensure operational stability. Heavy Industries and Mining Operations Demand High-Performance Casting Polyurethane Solutions In the region's demanding heavy industrial and mining sectors, the superior abrasion and impact resistance of casting polyurethane makes it the material of choice for critical components. Indonesia's formidable mining sector, for instance, is expected to increase its output by 7% in 2024, directly driving higher demand for hard-wearing polyurethane screens, scrapers, and equipment liners that can withstand harsh operational conditions. This need for durability is also seen in maritime infrastructure. The expansion of a major port in Malaysia, a massive project valued at $500 million and due for completion in 2025, will significantly increase the requirement for robust polyurethane fenders, buoys, and wear pads, showcasing the material's critical role in large-scale industrial applications and its importance to the Southeast Asia casting polyurethane market. A Granular Country-Level Analysis of the Southeast Asia Casting Polyurethane Market A closer look at individual nations reveals distinct and compelling growth narratives. Thailand, solidifying its position as an automotive hub, aims to produce over 500,000 electric vehicles annually by 2025, while its burgeoning medical device market is projected to grow by 9% in 2024, increasing the use of biocompatible cast polyurethanes. Vietnam is a manufacturing titan, with its manufacturing PMI expected to remain strong above 52.0 throughout 2024, and its footwear export value is forecast to climb by 10% in 2025, driven by demand for polyurethane soles. Indonesia's growth is powered by its natural resources and manufacturing sectors. The country is set to increase its nickel processing capacity by 30% in 2024 and its furniture export market is expected to grow by 8% in 2025, increasing the use of polyurethane coatings and foams. In Malaysia, the oil and gas sector is planning 15 new offshore projects by the end of 2025, creating strong demand for pipeline coatings and seals. Malaysia's renewable energy sector is also expanding, aiming to add 1,200 MW of solar capacity in 2024, utilizing polyurethane in panel manufacturing. The Philippines showcases growth fueled by domestic activity; overseas worker remittances, a key driver of construction, are projected to increase by 4% in 2024, while the nation's shipbuilding and repair industry is expected to see 6% growth in 2025. This diverse country-level activity solidifies the bright prospects for the Southeast Asia casting polyurethane market. Analyzing the Crucial Raw Material and Supply Chain Dynamics for Regional Success The continued growth of the Southeast Asia casting polyurethane market is intrinsically linked to the stability and evolution of its supply chain. The availability of key raw materials, namely MDI (methylene diphenyl diisocyanate) and polyols, is a critical factor for manufacturers. In a significant development for regional supply, a new MDI production facility is expected to come online in late 2024, adding 50,000 metric tons of annual capacity and potentially easing supply constraints. From a cost perspective, industry analysts anticipate a moderate increase of 3-5% for polyol prices in the first half of 2025 due to global supply chain realignments. To support this flow of materials, regional investment in logistics and warehousing infrastructure is projected to increase by a remarkable 18% in 2024, enhancing efficiency and ensuring timely delivery across the thriving Southeast Asia market. Need a Customized Version? Request It Now: Future Outlook: Sustained Momentum for the Southeast Asia Casting Polyurethane Market The outlook for the Southeast Asia market through 2025 and beyond is exceptionally promising. The convergence of macro-economic strength targeted industrial policy, major infrastructure investment, and technological advancement creates a powerful and sustained tailwind. The 70 distinct findings presented in this analysis collectively paint a picture of a market rich with opportunity, driven by diverse and robust end-use sectors. From the electric vehicles rolling off production lines in Thailand to the new semiconductor fabs in Singapore and the expanding mines in Indonesia, casting polyurethane is the common denominator of progress and performance. Stakeholders who align their strategies with these powerful growth vectors are well-positioned to achieve remarkable success in the dynamic and rapidly expanding Southeast Asia casting polyurethane market. Southeast Asia Casting Polyurethane Market Major Players BASF SE Evonik Industries Sika AG Dow Inc. Asia Polyurethane Line Seiki Co., Ltd. Prostech Seen Joo Pte Ltd Other Prominent Players Key Segmentation: By Product Type Rolls Formwork Pads Sheets Others By Prepolymer Type Polyester Base Prepolymer Polyether Base Prepolymer Polycaprolactone Base Prepolymer Others By Resin Grade Standard Grade High-Performance Grade Specialty Grade Others By Manufacturing Process Reaction Injection Molding (RIM) Casting (Liquid Polyurethane) Extrusion Compression Molding Others By Design Rigid Flexible Foamed Elastomeric Others By Application Industrial Castings Wheels & Tires Belt & Hoses Medical Devices Footwear Components Concrete Blocks Others By Distribution Channel Direct Sales Online Sales Distributors/Wholesalers By Industry Automotive Mechanical Electronics & Instruments Aerospace & Defense Footwear & Sports Healthcare Others By Country Malaysia Indonesia Myanmar Philippines Thailand Singapore Vietnam Rest of Southeast Asia Need Strategic Clarity? Talk to Our Analyst Today: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
18 minutes ago
- Forbes
China Market Update: WuXi Apptec Doubles Profit, Childcare Stimulus Launched
CLN Asian equities were mixed overnight as Mainland China's STAR Market and Thailand outperformed, while Vietnam and Pakistan underperformed. Trade representatives from the US and China completed two days of talks that had the expressed purpose of extending the August 1st deadline for a trade deal. Most analysts are saying that a 90-day extension is likely. The global economy has weathered the tariffs better than expected so far, though it is important to remember the level of exemptions granted to key product areas, especially for China. We need a deal, but the negotiators are taking their time, which will hopefully result in the best possible outcome. Fingers crossed! Recent outperformers were sold off today, except for health care. Viral Labubu doll-maker Pop Mart was net sold by Mainland investors via Southbound Stock Connect, who likely took profits in the name. Meanwhile, insurance companies were also sold off following a strong rally yesterday on lower interest rate guidance for insurance contracts. Internet stocks were mostly lower as we head into earnings season next month. However, some price targets for video platform Kuaishou were raised, though the stock was down overnight. WuXi Apptec indicated that its net profit for the first half 2025 more than doubled. The stock was up +11.25% in Hong Kong overnight. WuXi Apptec has seen significant tailwinds this year, along with its co-named peer WuXi Biologics. These include the removal of an extreme geopolitical overhang on Wuxi Biologics and Apptec: the proposed BIOSECURE Act, which would have barred it from working with US entities receiving federal medicare and medicaid dollars. It is estimated that one-third of all the drugs on the US market today passed through China-based contract research labs, such as WuXi Apptec and Biologics. They are based in China but have facilities all over the world, including in the United States. China committed new capital to increasing the birth rate. The government will now allocate RMB 3,600 annually for families with children under three. Related stocks cheered the news. Does this count as additional stimulus for consumption? Indirectly, yes. The lack of a social safety net and deflation are the primary reasons China's consumers hesitate to increase spending significantly. New Content Read our latest article: KraneShares KOID ETF: Humanoid Robot Rings Nasdaq Opening Bell Please click here to read Chart1 Chart2 Chart3 Chart4 Chart5 Chart6
