PUdaily's 2023 Asia-Pacific MDI Market Research Report focuses on the Asia-Pacific market and provides in-depth insights into the MDI supply/demand pattern, market price trends, costs and margins, downstream performance and growth prospects, industry opportunities and potential threats, and the investment climate.
This report aims to empower our clients to navigate the ever-shifting landscape of segmented markets in the upcoming years, facilitating stakeholders in making informed decisions for their development.
MARKET DYNAMICS
Following a significant slowdown in 2022, the global economic growth continued to decelerate in 2023. The Asia-Pacific region demonstrated relatively better performance but faced challenges in sustaining growth momentum. The global capacity expansion for MDI (Methylene Diphenyl Diisocyanate) slowed down, with a trend towards expanding MDI distillation capacity. The MDI market in the Asia-Pacific region witnessed a scenario of "quantity increase and price decrease."
The downstream industries for MDI in the Asia-Pacific region exhibited varying demand patterns. The growth drivers for Polymeric MDI demand included refrigerators and cold chain applications. Meanwhile, for Monomeric MDI demand, spandex (elastane) and TPU (Thermoplastic Polyurethane) played crucial roles. The exploration of emerging applications such as new energy vehicles, LNG (liquefied natural gas), composite materials for doors and windows, presented new development opportunities for the MDI market in the Asia-Pacific region.
2023 VS 2022, WHAT'S NEW?
Provide a detailed analysis of the major downstream industries of MDI in the Asia-Pacific region, as well as the development of raw material technologies and future prospects.
Highlight new application areas and products introduced by MDI enterprises.
Import and export: new content related to the "Analysis of Factors Affecting China's Import and Export Volume and Outlook on Trends.” is added.
MARKET OVERVIEW: SUPPLY & DEMAND
In 2023, China's MDI (Methylene Diphenyl Diisocyanate) production is estimated to be around 4 million tons, marking a year-on-year growth of 12%. On the supply side, Wanhua Fujian's new 400,000-ton MDI facility, which commenced production at the end of the previous year, successfully achieved capacity release this year.
Considering the demand side, despite pressures on domestic MDI downstream industries and the consumption of terminal products influenced by factors such as the real estate downturn, macroeconomic deceleration, and slowed industrial activities, there are still notable performances in certain MDI downstream sectors. In the Polymeric MDI downstream industries, sectors like refrigerators, cold chain storage, and formaldehyde-free boards showed growth rates higher than the overall average. Meanwhile, in the Monomeric MDI downstream industries, spandex (elastane) and TPU demonstrated growth rates exceeding the overall average.
Within the automotive industry, the development of new energy vehicles has led to an increase in the average consumption of MDI in the sector. Overall, the MDI consumption in China is expected to be around 3.15 million tons in 2023, reflecting a year-on-year growth of 12-13%. Specifically, Polymeric MDI is projected to grow by around 11%, while Monomeric MDI is anticipated to increase by approximately 2%.
Sample: Global MDI Splitting Capacity by Supplier 2023
DOWNSTREAM INDUSTRIES SEMENTATION
The broad MDI market can be sub-grouped into PMDI downstream industries and MMDI downstream industries. The report analyses these subsets with respect to each application.
In 2023, global PMDI demand recorded X.XX million tonnes. XXXX was the biggest downstream industry. In recent years, PMDI demand in the XXXX has maintained a steady growth...
Sample: Global PMDI Demand by Downstream 2022 - 2023 (kT, %)
In 2023, global MMDI demand reached X.XX million tonnes. XXX was the biggest MMDI downstream industry...
Sample: Global MMDI Demand by Downstream 2022 - 2023 (kT, %)
Furthermore, each section of our report thoroughly investigates the MDI downstream markets in the Asia-Pacific region, with a particular emphasis on China, Southeast Asia, India, Japan, and South Korea.
MAJOR MDI SUPPLIERS
We provide a holistic analysis of major competitors in the Global MDI market, which involves delving into their capacity, reviewing the sales performance, and staying abreast of relevant company news. This multifaceted approach enables a comprehensive understanding of the competitive landscape and aids in strategic decision-making.
Sample: Global MDI Splitting Capacity by Suppliers 2019 - 2023 (kT/a)
The key players we focus on are:
Wanhua Chemical
BASF
Covestro
Huntsman
DOW
Sadara
Tosoh
KMCI
Karun
IN-DEPTH ANALYSIS BY REGION
Our report incorporates a geographical segmentation, placing emphasis on critical factors such as supply & demand, MDI price & cost-profit, price forecast, imports & exports, etc. for MDI in China, Southeast Asia, India, Japan and South Korea.
Armed with an abundance of rich and comprehensive data, our report transcends the conventional, providing you with not just information, but a strategic compass.
Sample: Southeast Asian MDI Imports from China, Japan and South Korea 2023 (%)
DISCOVER MORE
PUdaily’s collection of reports comprehensively covers the entire spectrum of the Polyurethane industry in Asia-Pacific:
CONTACT US
PUdaily’s Asia-Pacific MDI Market Research Report 2023 is now available for purchase. For more details, place an order or to obtain free samples, please contact:
Ms. Lucy Tang
Telephone: 0086-021-61250980
Email: marketing@pudaily.com
Address: Room 607, Block B, No.1439 Wuzhong Road, Shanghai, China
Or visit our official website: https://www.pudaily.com/Home/MarketReports
ABOUT PUDAILY
PUdaily is a trustworthy market information provider of Asian, especially Chinese polyurethane intelligence for the products of TDI, MDI, Propylene Oxide, Polyether Polyols, Adipic Acid, Polyester Polyols, BDO-THF-PTMEG, Aliphatic Isocyanates, PU Systems and more. We are a brand of Suntower Consulting Limited with 17 years presence in China polyurethane market.
While real-time price tracking and vital market intelligence hook global customers into its platform, PUdaily has built up its brand, reputation and influence by offering customized solution packages and organizing industry events. Google statistics highlight our broad global reach, with a customer base extending to over 80 countries and territories. This includes discerning patrons ranging from upstream materials producers to downstream users, covering the entire spectrum of the polyurethane industry's value chain.
