Huntsman CEO: Polyurethane supplies to be tight

RUBBER & PLASTICS NEWS

Published: May 29, 2013 10:50 am ET
Updated: May 29, 2013 10:52 am ET

Related to this story

Topics Materials, Materials Suppliers
Companies & Associations Huntsman Corp.

NEW YORK — The North American and European markets for methylene diphenyl diisocyanate-based polyurethanes are going to be tight over the next two years, and Huntsman Corp. will be buying MDI from other sources, according to its CEO.

Peter Huntsman, speaking at a Goldman Sachs Basic Materials Conference recently, said his firm "is really in a sold-out position. By the end of this year, we'll be actually buying products from our competitors in order to meet our own customer demands."

The housing market is driving Huntsman's business. He is seeing an upside for polyurethane materials in housing because polyurethane systems have substituted for a number of other materials, such as formaldehyde.

Huntsman says polyurethane use continues to grow at about 7 to 8.5 percent per year. He said that much of this has been due to the explosion in use in Asia over the past 10 years. Asia is the "largest single market for consuming MDI," he said, overtaking Europe and North America.


Comments

Huntsman CEO: Polyurethane supplies to be tight

RUBBER & PLASTICS NEWS

Published: May 29, 2013 10:50 am ET
Updated: May 29, 2013 10:52 am ET

Post Your Comments


Back to story


More stories

Image

China's Shide Group, BASF unveil 'revolutionary' all-plastic window profile

April 23, 2014 9:10 pm ET

SHANGHAI — The PVC window profile market in Asia is expected to increase four-fold by 2025, and Chinese building products maker Dalian Shide...    More

Worker dies in fall at Formosa Texas plant

April 23, 2014 4:04 pm ET

A subcontractor died April 22 after falling 25 feet during routine cleaning operations at a Formosa Plastics Corp. USA facility in Point Comfort,...    More

Image

Milliken expanding SC plant for additional PP clarifying agent capacity

April 23, 2014 3:42 pm ET

American chemical company Milliken & Co. has announced plans for a major expansion in capacity for its Millad NX8000 clarifying agent for...    More

Clariant says Asia holds the key to growth

April 23, 2014 3:52 pm ET

Clariant AG is based in Switzerland, but its eyes are firmly focused further east.    More

Sale of Romanian PVC producer Oltchim assets postponed again

April 23, 2014 1:35 pm ET

The long anticipated privatization of insolvent Romanian PVC producer Oltchim has been postponed yet again, this time until mid-May.    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events