Chinese BDO and PTMEG Overview

1. Capacity of BDO and PTMEG surges

BDO-PTMEG-Spandex market enters a new round of capacity expansion in 2023. The growth rate of MDI capacity is also high compared with previous years.

The capacity of BDO is expected to be near 3.4 million tons/year by the end of 2023, up by 34% year on year. Huaheng Energy, Blue Ridge Tunhe, Inner Mongolia Dongyuan, Sanwei, Wuheng Chemical and Xinjiang Markor’s units were put into production.

The capacity of PTMEG is expected to approach 1.14 million tons/year by the end of 2023, up by 24% year on year. Wuheng Chemical, Hangzhou Sanlong, Blue Ridge Tunhe and Hyosung Ningxia’s plants started operation.

The capacity of MDI is expected to approach 4.36 million tons/year by the end of 2023, a year-on-year rise of 10%. In 2023, only one MDI unit, Fujian Wanhua, began operation in China.

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