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IHS Markit: MDI growth prospects are promising

 Last Update: 2022-01-23
 Source: Internet
 Author: User

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Recently, Covestro restarted the construction of its 500,000-ton/year methylene diphenyl diisocyanate (MDI) plant

IHS Markit predicts that the MDI supply and demand balance will loosen this year, but will tighten in the next three years.

Covestro initially announced plans in October 2018 for a new MDI project in Baytown, Texas, USA

In 2025, BASF will close its 130,000-ton/year unit in Geismar, Louisiana, and start a new 300,000-ton/year unit at the same time, IHS Markit noted

“Currently, MDI production units in all our regions are fully utilized

IHS Markit estimates that of the 1.

It is reported that Covestro and 4 other companies (Wanhua Chemical, BASF, Huntsman and Dow Chemical) together account for about 85% of the global production capacity.

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