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.
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