NEWS
DALIAN TWINLEAF PLASTICS CO.,LTD.
The high prosperity of the polyurethane industry is expected to continue
Delivery time:
2022-09-16 11:15
Global MDI production capacity has grown steadily. In 2016, the production capacity reached 8.59 million tons, a year-on-year increase of 4.76%. 06-16 The compound annual growth rate of global MDI production capacity is 7.94%. At present, the global MDI production capacity is mainly distributed in China, the United States, Germany, Japan, and South Korea. The main enterprises are Wanhua (2.04 million tons), Covestro (1.71 million tons), BASF (1.71 million tons), Huntsman (1.06 million tons), etc. The production capacity of these four enterprises is 6.52 million tons. It accounts for 76% of the global total production capacity. From a global perspective, some companies have plans to expand production, including 1.54 million tons of production capacity under construction in China and 1.3 million tons of production capacity under construction abroad. Domestic MDI production capacity has grown substantially. The compound annual growth rate of MDI production capacity from 2006 to 2016 was 27.16%, which was higher than the global level (7.94%). In 2016, the domestic MDI production capacity was 3.09 million tons, a year-on-year increase of 3%. The domestic production capacity growth rate has stabilized and is already in a stage of steady growth. With the increase of domestic MDI production capacity, the proportion of domestic production capacity in global production capacity is on the rise, accounting for 36% in 2016. As new production capacity is put into operation, it is expected that its proportion will increase.
Demand side: downstream applications are expected to expand
The global MDI demand structure is dominated by the construction industry, accounting for about 50%. The domestic MDI demand structure is mainly dominated by household appliances, and the construction environmental protection accounts for about 18%, which is far from the global application of thermal insulation materials. Due to the good properties of polyurethane materials and the changes in domestic regulations restricting the application of polyurethane, their application in the field of building energy conservation may be accelerated. At present, my country's annual increase in construction area is 1.6 billion to 2 billion square meters. If the external wall area is calculated according to 2.5 times the construction area, the annual new external wall area is 4 billion to 4.75 billion square meters. At the same time, there are currently 40 billion square meters of existing buildings in China, and it is estimated that at least about 13 billion square meters need energy-saving renovation, which will effectively boost the demand for polyurethane insulation materials. At present, domestic MDI is mainly used in the refrigerator field, accounting for about 45%, which is much higher than the global level of 12% in the refrigerator field. We judge that the application of domestic MDI in the field of refrigerators and freezers has become saturated, and the future growth potential is small, and we mainly focus on its application in the field of cold chain logistics. With the improvement of the public's living standards and the continuous advancement of urbanization, combined with the state's support for cold chain logistics, cold chain logistics will be in a period of rapid development in the future. The downstream of TDI is mainly used in flexible foam, coatings, sealants, etc., of which about 85% is used in the production of flexible foam globally, and about 69% is used in the production of flexible foam in China. Soft foam is mainly used in upholstered furniture, automobiles and other fields, accounting for 73%. We believe that with the continuous and steady improvement of the domestic urbanization level and the superimposed consumption upgrade, the public's demand for furniture and automobiles is expected to maintain a steady growth.
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Dalian twinleaf plastics co.,ltd.
Contact
DALIAN：
No.43, Xinkangyuan, Ganjingzi District, Dalian, Liaoning Province (A18-1, China Metallurgical Business Park)
Tel 0411-84803570 84803571
Fax 0411-84803582
SHANGHAI：
Room 315, No. 1373, Lane 1333, Xinlong Road, Wanke Qibao International, Minhang District, Shanghai, China
Tel 021-54402325
Fax 021-34977216
