London -- Global demand for methylene diphenyl diisocyanate (MDI) slipped downward considerably during the crisis, as such large-scale industries as energy, automotive and construction slumped, according to a new market study.
With the revival, "considerable new infrastructure projects, and government back-up packages, the MDI market has again caught the wave," says London-based Merchant Research & Consulting Ltd. Global demand is expected to largely outpace total world GDP growth in the years to come, the company predicts.
The key consumption region for MDI is China, where demand has been strong for a number of years and growth has reached around 16 percent a year. Demand has to be balanced here with new projects coming on stream and expansions of existing capacities.
The report adds that Europe is also seeing significant capacity increases by key producers. Central and Eastern European countries also play a valuable role as primary MDI consumers on the regional market.
Merchant Research & Consulting says its in-depth review and analysis of global, regional and country markets of methylene di-p-phenylene isocyanate, "Methylene Di-P-Phenylene Isocyanate (MDI): 2011 World Market Outlook and Forecast" examines in detail the present market landscape, its development in past periods and projections for the future. Topical data on key MDI market parameters is also contained in the study.
The report, published July 2011, has 73 pages and covers:
* major MDI producers and suppliers and their performance;
* recent MDI production, consumption, market volume and trade statistics;
* prominent MDI developments and trends;
* recent and forecast prices; and
* market outlooks through 2016.
A further report of relevance to the PU sector is on MTBE markets, where Merchant Research & Consulting Ltd says "utilisation level rests at 75% due to phasing-out process."
Further details from Merchant Research & Consulting Ltd, tel +44 20 7558 8740, email [email protected]