PUBLISHER: GlobalData | PRODUCT CODE: 1345165
PUBLISHER: GlobalData | PRODUCT CODE: 1345165
Global Methylene Diphenyl Diisocyanate (MDI) capacity is poised to see considerable growth over the next five years, potentially increasing from 10.74 mtpa in 2022 to 12.11 mtpa in 2027, registering total growth of 2.4%.
Around five planned and announced MDI projects are expected to come online, predominantly in Asia, followed by North America over the upcoming years. Among countries, China is expected to lead MDI capacity additions by 2027, followed by the US. Wanhua Chemical Group Co Ltd, BASF SE and Mitsui Chemicals Inc are the top three companies by planned and announced capacity additions globally over the upcoming years.