|Category:||Industrial Engineering, Polymers & Composites|
|Organizer:||Crain Communications Ltd|
|Exhibition center:||Saigon Exhibition & Convention Center (SECC)|
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Overview interest facts - UTECH Southeast Asia 2022
UTECH Southeast Asia will take place at the Saigon Exhibition and Convention Center in Ho Chi Minh City, Vietnam, on April 26-28, 2022. The trade show is the latest addition to the UTECH polyurethane brand and is organized by Crain Communication’s Global Polymer Group, in association with Urethanes Technology International magazine.
Over the past five years, Southeast Asia has seen companies looking for easy access to the large US market and smaller but rapidly growing local markets for polyurethane products setting up shop close to local demand.
Vietnam has benefited greatly from this shift in focus in polyurethane and across the wider economy. According to World Bank statistics, GDP in the nation grew by between 6.4% and 7.1%/year between 2010 and 2019 and life expectancy, a measure of better living conditions, has increased by four years between 1995 and 2019.
Geographically, the nation is strategically placed between Indonesia to the south, Thailand and Malaysia to the west. The petrochemical hubs of Map Ta Phut, Thailand and Singapore are nearby for raw materials. The nation also benefits in times of over production in China.
There has been explosive growth in a number of polyurethane processing sectors in recent years. If not all mattresses are made of polyurethane, then almost all mattresses contain, often significant amounts of polyurethane. Mattress export data to the US shows that in 2014, the nation exported 14,000 mattresses to the US, in 2019 that had increased to 2.6 million. In the first nine months of 2020, exports were 3.1m units.