In 2023, modified MDI demand in China increased by 7% year-on-year, mainly due to the growing demand from home furnishing and automobiles. Looking ahead to new 5 years (2024 - 2028), modified MDI demand in China is expected to keep growing. On one hand, China proposed detailed plans for the replacement of old home appliances with new ones in February 2024, which may boost the consumption for durable consumer goods including home furnishings and automobiles. In addition to government policies, there is a bright prospect on beddings and fitness equipments, driven by people’s increasing appeals on sleep quality and fitness awareness. On the other hand, although the application penetration of modified MDI in adhesives and coatings is still low, the industry trend towards water-based and eco-friendly products will still bring many opportunities. Modified MDI demand in China is expected to grow at a CAGR of **% from 2024 to 2028, according to PUdaily.
PUdaily's <China Modified MDI Market Report 2023> will assist users to target the ever-changing niche markets in coming years, make wise decisions.
Supply & Demand of Modified MDI Market in China
Supply
This report tracks the production capacity, brands, supply, and expansion plans of major modified MDI suppliers in China, such as Wanhua Chemical, Huntsman, Covestro, and BASF. In 2023, China’s capacity of modified MDI reached 770 ktpa, and the output of modified MDI totaled ** tonnes.
Demand
Modified MDI is generally synthesized or mixed with other components to produce molded foam, microcellular elastomers, and prepolymers, which are then used in the production of downstream products such as mattresses and memory foam pillows, automobiles, footwear, adhesives, and coatings. In 2023, modified MDI demand in China totaled ** tonnes, increased by 7.4% year-on-year...
Downstream - Mattresses
Modified MDI is widely applied in producing memory foam mattresses. The purchase of new houses, renovation of old houses, disposable income and consumer willingness, consumption promotion policies/activities, etc., will influence on the consumption of mattresses and other consumer goods.
Memory Foam Mattress Industry Scale
China’s output of mattress reached approximately 151.58 million pieces in 2022, with domestic consumption of roughly 128.11 million pieces. In 2023, Chinese mattress industry is mainly driven by the mattress replacement in existing houses (such as, renovation of old houses), while the consumption for new purchases from new houses is declining. In terms of exports, China’s foam mattress exports in 2023 totaled 133,100 tonnes, up by 26.6% year-on-year. The U.S., Japan and South Korea were the Top 3 destinations for China’s foam mattresses exports. Among it, China's mattress exports to the U.S. up by 38.9% year-on-year, and exports to South Korea up by 58.7% year-on-year…
The main manufacturers of memory foam mattresses in China are Mlily, Sleemon, DeRUCCI and Tempur, of which the first three are listed enterprises. In the first three quarters of 2023, Mlily, Sleemon and DeRUCCI all saw “decreasing revenue and increasing profits” due to their measures to reduce costs and increase efficiency...
Research Methodology
By comprehensively analyzing data on modified MDI and its upstream and downstream industry chains, we interpret the supply and demand pattern and development trend of China’s modified MDI market, providing industry participants with a more comprehensive industry knowledge and strategic decision support.
By tracking the consumption in downstream sectors of modified MDI and quantitatively analyzing market demand, we provide enterprises with clearer product positioning and marketing strategy.
By conducting in-depth analysis of macroeconomics, government policies and major industry information, we systematically interpret hot issues and deepen understanding Chinese modified MDI market, helping customers grasp new market changes and trends, enabling enterprises to maintain keen insight in a competitive market.
China Modified MDI Market Report 2023- Catalogue
Chapter 1 Modified MDI General Introduction
1.1 Modified MDI Introduction
1.1.1 Carbodiimide Modified MDI
1.1.2 Polyol Modified MDI
1.1.3 Blended Modified MDI
1.2 Average Functionality and Applications
1.3 Modified MDI Advantages
1.4 Downstream Applications
Chapter 2 Raw Materials of Modified MDI
2.1 MMDI
2.1.1 China MMDI Price
2.1.2 MMDI Supply & Demand
2.2 PMDI
2.2.1 China PMDI Price
2.2.2 PMDI Supply & Demand
2.3 MDI-50
2.3.1 China MDI-50 Price
2.3.2 MDI-50 Supply & Demand
2.4 Polyether Polyols
2.4.1 China Polyether Polyol Price
2.4.2 Polyether Polyols Supply & Demand
Chapter 3 China Modified MDI Supply
3.1 Modified MDI Capacity
3.2 Modified MDI Output
3.3 Modified MDI Suppliers in China
3.3.1 Wanhua Chemical
3.3.1.1 Modified MDI Capacity & Output
3.3.1.2 Modified MDI Product Series
3.3.1.3 Product Positioning & Target Market
3.3.1.4 Product Pricing & Sales Strategies
3.3.2 Huntsman
3.3.2.1 Modified MDI Capacity & Output
3.3.2.2 Modified MDI Product Series
3.2.2.3 Product Positioning & Target Market
3.3.2.4 Product Pricing & Sales Strategies
3.3.3 BASF
3.3.3.1 Modified MDI Capacity & Output
3.3.3.2 Modified MDI Product Series
3.3.3.3 Product Positioning & Target Market
3.3.3.4 Marketing Strategy & Sales Model
3.3.4 Covestro3.3.4.1 Modified MDI Capacity & Output
3.3.4.2 Modified MDI Product Series
3.3.4.3 Product Positioning & Target Market
3.3.4.4 Marketing Strategy & Sales Model
3.3.5 Tosoh
3.3.5.1 Modified MDI Capacity & Output
3.3.5.2 Modified MDI Product Series
3.3.5.3 Product Positioning & Target Market
3.3.5.4 Marketing Strategy & Sales Model
3.3.6 Shandong INOV Polyurethane
3.3.6.1 Modified MDI Capacity & Output
3.3.6.2 Modified MDI Product Series
3.3.6.3 Product Positioning & Target Market
3.3.6.4 Marketing Strategy & Sales Model
3.3.7 Jiahua
3.3.7.1 Modified MDI Capacity & Output
3.3.7.2 Modified MDI Product Series
3.3.7.3 Marketing Strategy & Sales Model
3.3.8 Dongguan Hongcheng
3.3.8.1 Modified MDI Capacity & Output
3.3.8.2 Modified MDI Product Series
3.3.8.3 Marketing Strategy & Sales Model
3.3.9 Nantong Hengguangda
3.3.9.1 Modified MDI Production Situation
3.3.9.2 Modified MDI Product Series
3.3.9.3 Marketing Strategy & Sales Model
3.3.10 GHW
Chapter 4 China Modified MDI Price & Profit
4.1 China Modified MDI Market Price
4.2 China Modified MDI Cost & Profit
Chapter 5 China Modified MDI Demand
5.1 China Major Modified MDI Downstream Markets
5.2 Molded Foam
5.2.1 Molded Foam for Automotives
5.2.2 Mold Foam for Upholstered Furniture
5.2.2.1 Mattresses
5.2.2.2 Memory Foam Pillows
5.2.3 Toys
5.2.4 Fitness
5.3 Footwear
5.4 Adhesives
5.5 Coatings
5.6 PUDs
5.7 Microcellular Elastomer
Chapter 6 China Modified MDI Market Forecast
6.1 China Modified MDI Market Forecast 2024-2028
Other Market reports on isocyanates:
1. APAC TDI Market Report 2023
2. APAC MDI Market Report 2023
3. China ADI Market Report 2023
Market reports on polyols:
4. APAC Propylene Oxide Market Report 2023
5. APAC Polyether Polyols Market Report 2023
6. China Polyurethane Elastomers Market Report 2023
7. China Rigid Blended Polyols Market Report 2023
8. China Adipic Acid-Polyester Polyols Market Report 2023
9. China BDO-THF-PTMEG Market Report 2023
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