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2021 China MDI Market Report (Sample)
October 19, 2021    [Source:PUdaily]

 

2021 China MDI Market Review & Forecast

China Macro Market Review: 2021 is the first year of China's "14th Five Year Plan", where it is also a key year for China to gradually step out of the shadow of the epidemic and return to the right track of economic development. While continuing to well work in the "Six Stabilities" and spare no effect to keep the economy running within a reasonable range, the Chinese government pays attention to provide support for side structural reform and medium - and long-term sustainable development. In March 2021, the “Chinese Government's Work Report” and the outline of the “14th Five Year Plan” clearly pointed out and emphasized the action plan of peak carbon emissions and carbon neutralization, which attracted extensive attention and research from industry insiders at home and abroad. As for the global macro environment, many factors different from previous years, such as the relatively loose policies by the global central bank, the spread of delta variant strain and the soaring natural gas price, have brought more uncertainty to the global economic recovery process in 2021. During this year, the prices of various bulk raw materials at home and abroad shows a trend of " When the river rises, the boat floats high ", resulting in increased pressure on the production costs of the midstream manufacturing industry.

2021 China MDI Market Price Review: China PMDI market price trend in 2021 is in contrast as "Moving Down After Going Up". In early 2021, several MDI production units in North America were affected by the local extreme cold wave and declared force majeures. In addition, compared with the other countries in the world, China has taken the lead in recovery from Covid-19 epidemic, where China's MDI supply and demand industrial chain has driven the rapid rise of PMDI market prices in a wide range. In late February, the market price of China polymeric MDI was pushed up to RMB 27,000-28,000/ton, and the market price of pure MDI was pushed up to RMB 28,000-29,000/ton. Due to the demand follow-up of downstream industries was slower relatively than the price increasing. In addition, the announcement about MDI capacity expansion completion from Wanhua cooled down the overheating atmosphere of sharp market price rising, the MDI market price started to fall back. From this January to this mid-October, the lowest price point of polymeric MDI appeared as RMB 16,200 /ton in early June, and the lowest price point of pure MDI appeared as RMB 18,500/ton in mid-June. Due to the narrow fluctuation between China MDI supply and demand ends, the price range of polymeric MDI and pure MDI also fluctuated in a range from July to October.

2021 China MDI Demand Market Review: It showed seasonal dislocation different from previous years and differences in the development of individual industries. For example, the "Not sluggish in off-season" at the beginning of the year and the "not bullish in peak season" in the second quarter and the "golden September" period. Reefer container becomes one of the highlighting downstream sectors. It is worth mentioning that due to the unstable operation status of some MDI production units in North America and Europe, the export business of MDI suppliers in China, Japan and South Korea increased significantly year on year.

2022 Global Economy Forecast: Looking forward to 2022, the global economy will still have many challenges - although the epidemic prevention and control situation is expected to further improve with the continuous popularization of vaccination around the world, it will take time to completely eradicate it. In addition, with the gradual withdrawal of fiscal stimulus policies in many countries around the world, there is a possibility of resonance recovery and differentiation in the recovery of economic activities in various regions and the supply and demand pattern of various industries. According to the latest World Economic Outlook released by the IMF on Oct 12. The global economy is expected to grow 5.9 percent in 2021 and 4.9 percent in 2022. Global economic growth is expected to slow in 2022, and market uncertainties are likely to increase. 

2022 MDI Industry Forecast: The global MDI capacity will be further expanded during 2022 - 2026. In 2022, the global energy supply shortage and the continuous promotion of China "dual carbon" policy will continuously bring challenges, opportunities and uncertainties to the whole chemical industry chain including MDI. The new dynamic balance between MDI supply and MDI demand in China as well as in the world, which will be an important focus among the industry.

 

Interpretation by PUdaily

PUdaily has been committed in global polyurethane industry for more than a decade. Based on years of know-how and experience, and close communications with experts and scholars of polyurethane industry chain at home and abroad, PU suppliers, traders and downstream factories, in combination with market and industry hotspots and policies in these years, the research scope and content structure of 2021 China MDI market report are newly combed, where it will present you with a comprehensive and first-hand supply and demand pattern and industrial development trend of the global and China MDI market from a multi-dimensional and new perspective.

 

Core Contents of China MDI Market Report

²  Global and China MDI Capacity Development: MDI capacity and output development review in China and the global in 2017 - 2021: Based on the regular tracking of Asian MDI facility dynamics (China, Japan, South Korea and Saudi Arabia), get the overall operation rate and output of Asian suppliers in that year are counted; Statistics of MDI unit maintenance and accidental temporary shutdown in Europe and America, as well as the new / expansion capacity of global MDI suppliers.

²  Global and China MDI Supply & Demand Pattern: On supply-end, sales volume, sales direction and strategic focus of major MDI suppliers in China and the global. On demand-end, it reviews the development performance and outlook of main downstream industries, as well as latest policies on downstream industries, so as to estimate the MDI demand market.

²  Asian and China MDI Market Price Review & Forecast: Reviews MDI market price trends in China and major Asian countries in 2021, analyzes the price affecting factors such as guide prices from mainstream MDI suppliers, the prices of main upstream raw materials of MDI. Does forecast on MDI price in China and Asia in 2022. The market report also study and analysis the production costs of major MDI suppliers in China by production process, investigates their representative production cost and profit.

²  Asian and China MDI Suppliers Trade Flow: Asia and China MDI apparent consumption analysis by counting MDI production, import and exports.

 

Highlights in 2021 China MDI Market Report

Ø  Based on Hotspots: Interpretation of (dis) advantages of latest macro environment and policies on the development of MDI industry

Ø  MDI Industrial Chain Overview: covering MDI upstream and downstream industries

Ø  Horizontal comparison: Global MDI supplier competitive landscape

Ø  Added: Global major MDI facility dynamics in 2021

Ø  Added: Study on price / consumption correlation between MDI and other PU raw materials

Ø  Added: Market share of China MDI suppliers in downstream industries in 2021

Ø  Added: MDI downstream consumption in various regions in China in 2021

 

Partly Presentation of 2021 China MDI Market Report

China MDI Products Outputs in 2021 (Unit: kt)

Output

Wanhua

BASF

Huntsman

Covestro

Tosoh

Crude MDI

xx

xx

xx

xx

xx

Pure MDI

xx

xx

xx

xx

xx

Polymeric MDI

xx

xx

xx

xx

xx

MDI-50

xx

xx

xx

xx

xx

Liquefied MDI

xx

xx

xx

xx

xx

Modified MDI

xx

xx

xx

xx

xx

 

China Polymeric / Pure MDI Consumption in 2017 - 2021 (Unit: kt, %)

Year

2017

2018

2019

2020

2021

Consumption

XX

XX

XX

XX

XX

Y-O-Y Growth

XX

XX

XX

XX

XX

 

Export Destinations by China MDI Suppliers

Destination

Wanhua

Covestro

Huntsman

Others

Total

U.S.

XX

XX

XX

XX

XX

India

XX

XX

XX

XX

XX

Turkey

XX

XX

XX

XX

XX

Japan

XX

XX

XX

XX

XX

South Korea

XX

XX

XX

XX

XX

Thailand

XX

XX

XX

XX

XX

Vietnam

XX

XX

XX

XX

XX

UAE

XX

XX

XX

XX

XX

Russia

XX

XX

XX

XX

XX

Belgium

XX

XX

XX

XX

XX

Indonesia

XX

XX

XX

XX

XX

Brazil

XX

XX

XX

XX

XX

Pakistan

XX

XX

XX

XX

XX

Netherlands

XX

XX

XX

XX

XX

Iran

XX

XX

XX

XX

XX

Others

XX

XX

XX

XX

XX

Total

XX

XX

XX

XX

XX

 

2021 China Polymeric MDI Consumption in Downstream Sectors (Unit: kt)

Sectors

2020

2021

Y-O-Y Growth

Refrigerator

XX

XX

XX

Freezer

XX

XX

XX

Adhesives & Sealants

XX

XX

XX

Pipeline

XX

XX

XX

Panel

XX

XX

XX

Spraying

XX

XX

XX

Reefer Containers

XX

XX

XX

Water Heater

XX

XX

XX

Woodbinder

XX

XX

XX

Others

XX

XX

XX

Total

XX

XX

XX

 

For more highlights, please refer to the catalogue of 2021 China MDI Market Report. Please contact with PUdaily for more details about the report sample.

 

 

Catalogue of 2021 China MDI Market Report

Chapter I MDI Product Introduction & Related Regulations

1.1 MDI product characteristics and application

1.2 MDI production process and technology development

1.3 Treatment scheme of MDI by-product hydrochloric acid

1.4 Policies and regulations on MDI related industry

 

Chapter 2 Global MDI Supply & Demand Review

2.1    Global MDI Suppliers

2.1.1 Wanhua

2.1.2 BASF

2.1.3 Covestro

2.1.4 Huntsman

2.1.5 Dow

2.1.6 Tosoh

2.1.7 Kumho Mitsui

2.1.8 Karun (Karoon)

2.2       Global MDI Capacity

2.2.1    Global MDI capacity development from 2017 to 2021

2.2.2    Global MDI Projects Progress from 2022 to 2026

2.3       Global MDI Output

2.3.1    Global MDI output from 2017 to 2021

2.3.2    Asian MDI output from 2017 to 2021

2.4       Asian MDI Trade Flow

2.4.1    China MDI import and export trade flow in 2021

2.4.2   Japan MDI import and export trade flow in 2021

2.4.3    South Korea MDI import and export trade flow in 2021

2.4.4   Southeast Asia MDI import and consumption in 2021

2.4.5   India MDI import and consumption in 2021

2.5       Global MDI Consumption

2.5.1    Global MDI consumption from 2017 to 2021

2.5.2    Global MDI consumption by region from 2017 to 2021

2.5.3   Global MDI consumption by downstream sectors in 2021

2.5.4   China MDI suppliers in global supply market

2.5.5   Asian MDI suppliers in global supply market

 

Chapter 3 China MDI Supply

3.1 China MDI capacity development from 2017 to 2021

3.2 China Crude MDI production and separation in 2021

3.3 China MDI product output by suppliers in 2021

3.4 Breaking news & events of MDI suppliers in 2021

3.5 Major MDI supplier’s overview on financial performance 2021Q1 – 2021Q3

3.6 China MDI supplier’s market share and competitive landscape

3.7 Main distributors of MDI suppliers in China

 

Chapter 4 China MDI Consumption

4.1 Regional distribution of MDI consumption in China in 2021

4.2 Market share of MDI suppliers in China in 2021

4.3 China MDI consumption by downstream sector in 2021

4.3.1 China polymeric MDI consumption in refrigerator and freezer in 2021

4.3.2 China polymeric MDI consumption in insulation materials in 2021

4.3.3 China polymeric MDI consumption in reefer container in 2021

4.3.4 China pure MDI consumption in shoe soles in 2021

4.3.5 China pure MDI consumption in PU resin in 2021

4.3.6 China pure MDI consumption in spandex in 2021

4.3.7 China pure MDI consumption in elastomer in 2021

4.3.8 China MDI consumption in transportation in 2021

4.3.9 China MDI consumption in adhesives and sealants in 2021

 

Chapter 5 China MDI market price and profit analysis

5.1 China MDI market price review from 2017 to 2021

5.2 China MDI upstream raw material price correlation with MDI market price in 2021

5.2.1 China crude oil market review and impact on MDI market price

5.2.2 China pure benzene market review and impact on MDI market price

5.2.3 China aniline market review and impact on MDI market price

5.2.4 China liquid chlorine market review and impact on MDI market price

5.3 China MDI production cost estimation in 2021

5.4 China MDI suppliers’ average gross profit level estimation in 2021

5.5 Global MDI facility dynamics impact on China MDI market price in 2021

5.6 China MDI suppliers’ guide prices impact on China MDI market price in 2021

5.7 China rigid foam polyether market price correlation with polymeric MDI market price in 2021

5.8 China BDO / PTMEG market price correlation with pure MDI market price in 2021

5.9 Other factors impact on China MDI market price in 2021

5.10 China MDI price forecast in 2022

 

Chapter 6 MDI market forecast

   6.1 Global & China policies on carbon peak and carbon neutralization

6.2 Short-term impact analysis of carbon peak & carbon neutralization on MDI industry

6.3 Global MDI supply & consumption forecast from 2022 to 2026

6.4 Asian MDI supply & consumption forecast from 2022 to 2026

6.5 China MDI supply & consumption forecast from 2022 to 2026

 

 

Related Reports

v  2021 China TDI Market Report

v  2021 China Rigid Blended Polyol Market Report

v  2021 China Polyether Polyol Market Report

v  2021 China Polyester Polyol Market Report

v  2021 China Modified MDI Market Report

v  2021 Southeast Asian and Indian MDI Market Report

 

 

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