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

PE prices drop for first time in two years, PP down 5 cents

November 26, 2014 10:22 am ET

North American polyethylene buyers might want to circle November 2014 in red on their calendars — since PE prices this month have fallen for...    More

Image

Compounding products and services

November 24, 2014 9:47 am ET

   More

Image

Dow reaches agreement with Third Point

November 21, 2014 9:11 am ET

Dow Chemical Co. has reached an agreement with the investment firm that has been trying to force the company to sell off some assets.More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Market Reports

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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