China has become a major consumer market and producer of polyurethane. 20 century, the end of the 1990s, China's polyurethane products only 800,000 tons in 2005 reached 3 million tons in 2005 ~ 2010 average annual growth rate of more than 15%, to 2015 has reached 10.35 million tons, accounting for 40% of the total global production and sales. The "13th Five-Year Plan" puts forward the industrial policy of "adjusting structure, changing mode and promoting development", China's polyurethane industry has entered a low-speed growth. 2021 China's polyurethane production of 15.32 million tons, an increase of 4.22% year-on-year.

China's polyurethane product exports are greatly affected by the international economic situation, mainly because most of China's polyurethane products are low-end products, and most of the exporting countries are developing countries. Therefore, the industry should adjust its development direction, resolve the crisis of overcapacity, accelerate technology research and development, develop high-end, high-performance and functional products, and enhance product competitiveness.

Product application fields are expanding. Over the years, China's production and consumption of polyurethane products continue to grow. Demand from downstream markets such as home appliances, furniture, transportation, machinery, construction, new energy and other downstream markets has driven the growth in the consumption of polyurethane products. The industry should develop environmentally friendly polyurethane products, accelerate the application in building energy saving and other fields, expand the application fields of differentiated, functional and high value-added spandex fibers, and expand the application fields of TPU.

The industrial structure is continuously optimized. With the overcapacity of polyurethane, industries with outdated technology and not in line with green requirements should be eliminated. During the "14th Five-Year Plan" period, the polyurethane industry should promote the continuous optimization of the industrial structure, product structure and layout structure, and gradually solve the problem of unbalanced and insufficient development.