Albany, NY (PRWEB) January 27, 2014
Polyurethane products include polyurethane rigid foam, soft foam, elastomers, coatings, adhesives, fibers, etc., widely used in many fields such as automobile, refrigerator, construction, footwear, synthetic leather and fabric.
In 2013, the global output of polyurethane products hit about 19 million tons, 60% of which were polyurethane rigid and soft foam. In recent years, with the rapid growth in the polyurethane demand in Asia-Pacific region, the global polyurethane production center has transferred to Asia-Pacific, especially China.
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In 2006-2013, China's demand for polyurethane products presented an AAGR of 11.2%. China's demand accounted for 43% of the world’s total demand in 2013. Among Chinese polyurethane products, the demand for polyurethane rigid foam, soft foam, synthetic leather slurry and paint was huge, equivalent to roughly 80% of China's total demand for polyurethane products in 2013.
Polyurethane raw materials cover isocyanate (MDI, TDI), polyol (PPG, PTMEG, BDO, AA) and additives (DMF).
In 2013, the global MDI capacity of 6.8 million tons was generated by just 10 manufacturers or so in this industry, showing a high degree of concentration. In point of capacity, the top three companies -- Chinese Wanhua Chemical, Bayer and BASF contributed 62.9% to the world's total capacity; their counterparts consist of Huntsman, Dow, Nippon Polyurethane Industry and so on. The global polyurethane capacity is mainly available in China, the United States and Europe, in which China occupies about 1/3 share.
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In 2013, the global TDI capacity approximated 2.6 million tons, 71.2% of which was contributed by Bayer, BASF, BorsodChem (a subsidiary of Wanhua Chemical), Japan Mitsui and China Cangzhou Dahua. The global TDI capacity is mainly distributed in China holding 1/3 share, the United States and South Korea.
Bayer, Dow, Shell and BASF dominate the global PPG industry. The capacity of numerous Chinese PPG manufacturers is rather limited; major Chinese companies include SINOPEC Shanghai Gaoqiao, Shandong Dongda Chemical, Nanjing Hongbaoli and so forth.
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