APIC ’12: New capacity needed for MDI by 2020 – analyst
17 May 2012 13:01 [Source: ICIS news]
KUALA LUMPUR (ICIS)--Global supply and demand is balanced-to-long for most polyurethane (PU) chemicals – except for methyl di-p-phenylene isocyanate (MDI), where new capacity will be needed by 2020, an analyst said on Thursday.
“MDI is growing at about 5.7% per year,” said Gillian Tweddle of UK-based analysts Tecnon Orbichem. “Supply and demand is balanced for now but we expect the need for new capacity by 2020.”
She was speaking at the 34th annual Asia Petrochemical Industry Conference (APIC) 2012, held in Kuala Lumpur, Malaysia on 17–18 May. Tweddle’s estimations do not take into account new production announcements made for the Middle East, as it is unclear if these projects will come online.
The toluene di-isocyanate (TDI) market is oversupplied globally, but major producers are taking steps to close down older, less efficient plants and build large-scale units using the latest technology, Tweddle added.
By: Heather McGuire Doyle
+1 713 525 2653
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
| ICIS news FREE TRIAL |
| Get access to breaking chemical news as it happens. |
| ICIS Global Petrochemical Index (IPEX) |
| ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index |
Related Articles
- 29 Aug 12 12:24 Japan's NPU completes debottlenecking of China MDI splitter
- 20 Jun 12 23:59 Europe June MDI settlements stable-to-firm on costs, market balance
- 14 Jun 12 23:53 Polyurethanes, pigments strongest segments – US Huntsman
- 17 May 12 12:43 APIC '12: MDI annual demand growing 5.7%, to touch 8m tonnes in '20
- 17 May 12 17:05 APIC ’12: Energy regs, new markets keep polyurethane markets steady
- 17 May 12 12:00 NOON SNAPSHOT – Europe Markets Summary
- 17 May 12 11:45 APIC ’12: Petchem industry in for further consolidation - Nexant
- 17 May 12 11:14 APIC '12: GDP, population growth drive Asia plastics growth
- 17 May 12 10:50 APIC ’12: Gas-to-olefins likely to come to the US – consultant
Latest News
- 23 May 13 17:29 Russia's SIBUR commissions new TPE plant
- 23 May 13 17:24 US weekly chemical railcar traffic rises 7.8% year on year
- 23 May 13 17:23 INSIGHT: US chemicals sector welcomes TSCA reform bill
- 23 May 13 17:03 EVENING SNAPSHOT – Europe Markets Summary
- 23 May 13 16:53 MOVES: Josef Maily named managing director of Germany’s PCK Schwedt