Methylal Market Drivers
Increasing Building & Construction Activities
Polyurethane foams play a major role in insulating and air-sealing homes and buildings – helping to reduce air leakage, which can result in lower utility bills, reduced greenhouse gas emissions, and improved indoor air quality, by helping to eliminate infiltration of dust and allergens. And methylal is used as a blowing agent in the manufacture of polyurethane foam. According to the US Census Bureau, in February 2020 total construction was at a seasonally adjusted annual rate of 1,366,697 which is 6.0 percent above the February 2019 rate of 1,288,951. According to the European Commission, the total construction investment in Germany increased by 9.5% over 2008-2015. According to the International Trade Administration (ITA), the Chinese construction industry is forecasted to grow at an annual average of 5% in real terms between 2019 and 2023. Also, the European Construction 2020 Action Plan aimed at stimulating