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

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Antimicrobial polymers firm TiFiber launching pilot production in Ark.

December 19, 2014 10:58 am ET

TiFiber Inc., which makes synthetic compounds to control dangerous microorganisms, will locate a pilot production facility and its future company...    More

Image

Patel named LyondellBasell CEO

December 19, 2014 9:56 am ET

Bhavesh V. “Bob” Patel has been named CEO of Houston-based polyolefins producer LyondellBasell Industries NV, effective Jan. 12.    More

Image

Momentive to get a new name in January

December 19, 2014 9:45 am ET

Momentive Specialty Chemicals Inc. will change its name to Hexion Inc., effective Jan. 15.    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS fr...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events