Abstract
Global production and consumption of MDI in 2008 were each approximately 3.9 million metric tons. Global capacity utilization was 84% in 2008, a considerable decline from 2007 due to a larger increase in capacity than consumption. MDI consumption is estimated to have increased by 1.2% in 2008, and is expected to average growth of around 6% per year from 2008 to 2013, slowing to 4.3% per year from 2013 to 2018. Average global utilization rates are expected to drop below 80% in 2009, increasing gradually thereafter, and could reach the 90s range by 2018.
Polyurethane resins make up approximately 80% of total MDI consumption.