2018 Big Events for Rigid PU Foam Value Chain

Transcription

1 2018 Big Events for Rigid PU Foam Value Chain 1. In July, Dow Polyurethanes world-class system materials plant in Zhangjiagang was put into operation. With an expected annual capacity of 120,000 tons, the plant mainly produces system materials for rigid PU foam (hereinafter referred to as system materials). 2. In August, the joint venture between Japan s Mitsui Chemicals and South Korea s MCNS, held an opening ceremony for its polyurethanes systems house in SriCity. The house has an annual capacity of 15,000 tons. 3. In April, Huntsman completed of the acquisition of Demilec, a leading manufacturer of polyurethane spray foam insulation in North America. With an annual revenue of about $170 million, Demilec has two facilities, which are located in Arlington, Texas and Boisbriand, Quebec. The manufacturer can produce a full range of system materials for MDI-based polyurethane spray foam. 4. In July, Jiangsu Yoke Technology signed the strategic cooperation agreement on LNG industry with Hudong Zhonghua Shipbuilding (Group). Siyang International, a subsidiary of Jiangsu Yoke Technology, signed the RMB104 million-worth of contract for the sale of PU insulation boards with Hudong Zhonghua Shipbuilding (Group). The Company has made continuous breakthroughs in LNG insulation. In 2016, the enhanced polyurethane foam developed by the Company, which can be used in the insulation boards for the MARK (III/Flex) LNG carrier, was certified by France s GTT. In 2016 and 2017, it signed strategic cooperation agreement with and received orders from the shipbuilders of LNG carrier. In 2018, its insulation boards used in the liquid cargo containment system for NO96-L-03+ LNG carrier was again certified by GTT. 5. According to the government statistics, from January to September, a total of million refrigerators were produced in China, falling by 19% year on year. In the first half, exports remained the major driver of growth in the refrigerator industry. The volume of refrigerator exports totalled million units, up 17.2% from a year earlier. Meanwhile, million units were sold at home, down 7.7%. 1

2 Interpretation by PUdaily: With the rapid development of China's PU market, more and more manufacturers pay attention to end-use areas. The production and consumption of rigid system materials, an important raw material for rigid PU foam, are closely connected with the development of various downstream industries. Previously, the application of polyurethane products in the building sector was restricted due to the stricter government requirements for building fire protection rating. As a result, the downstream spray coating sector was heavily hit. Now, are there more opportunities or obstructions as the policy will be revised? The rising fresh food industry is growing at an annual rate of over 50%. Is the future of cold chain industry promising? How will it boost the sector of system materials for rigid PU foam? For more details, please read the 2018 China s System Materials for Rigid PU Foam Market Yearly Report provided by Suntower Consulting! Next, Suntower Consulting will present you the highlights of the report. Additional Highlights for Government regulations and policies on the production and application of system materials are added to the 2018 report. 2. Evaluation of rigid system materials yearly growth is added. 3. Enhanced forecast of the development of downstream sectors. Analysis of China s Rigid PU Foam Market Supply Capacity and Output of China's major system materials manufacturers in 2018 Company name Country Output Type Wanhua Chemical North China XX XX Nanjing Hongbaoli East China XX XX BASF North China/ East China XX XX Inov Polyurethane North China XX XX Dow South China XX XX Shunda PU North China XX XX Covestro North China XX XX Shaoxing Chenfeng East China XX XX Longtang South China XX XX 2

3 Hengfeng Polyurethane Industry East China XX XX XX XX Others XX XX Total XX XX Note: Another 30 plus manufacturers are not listed here. Demand Apparent consumption of rigid PU foam in China for Year Consumption of system material XX XX XX XX XX Consumption of system materials XX XX XX XX XX Growth in system materials consumption XX XX XX XX XX Total consumption of system materials in China and growth rate for Unit:10kt % 20% 15% 10% 5% 0% % 硬泡组合聚醚消费总量 Rigid System Materials 硬泡组合聚醚消费增长率 Consumption Growth Downstream Applications System materials consumption by downstream sectors in China in 2018 Consumption of Consumption of Growth rate Downstream sectors system materials in 2017 system materials in 2018 Refrigerator XX XX XX 3

4 Freezer XX XX XX Spray coating (residential building, cold storage and XX XX XX factory building) Board XX XX XX Pipeline insulation XX XX XX Refrigerated container XX XX XX Coal reinforcement agent XX XX XX Automotive XX XX XX Electric water heater XX XX XX Solar water heater XX XX XX Synthetic wood XX XX XX Security door filler XX XX XX Others XX XX XX Total XX XX XX Chapter 1 Summary of Rigid System Material Industry 1 Summary of Rigid System Material Industry 1.1 Definition of industry 1.2 Product categories 1.3 Profile of rigid system material market Domestic rigid system material consumption Downstream industries 1.4 Government regulations and policies On VOCs emissions 4

5 1.4.2 On solid wastes On building fire protection Chapter 2 Value Chain and Profits of System Material for Rigid PU Foam 2 Value chain and profits of System Material for Rigid PU Foam 2.1 Business model of system material manufacturers 2.2 Value chain of system materials 2.3 Profits of 3 types of system material manufacturers Chapter 3 Supply / Demand and Downstream Industries 3 Domestic supply and imports & exports 3.1 Regions consuming system materials in China in China's system materials manufacturers and their size in Imports of system materials 3.4 Exports of system materials 4 Characteristics of downstream sectors 4.1 Refrigerator and freezer 4.1.1Profile of the industry 4.1.2Proportion of purchased to self-made system materials 4.1.3Factors influencing the purchase decision 4.2 Refrigerated container 4.2.1Profile of the industry 4.2.2Proportion of purchased to self-made system materials 4.2.3Factors influencing the purchase decision 4.3Electric water heater 4.4Solar water heater 4.5Pipelines 5

6 4.6Board 4.7Spray coating Characteristics of residential building sector Characteristics of cold storage sector Proportion of purchased to self-made system materials Factors influencing the purchase decision 5 Major system materials manufacturers in China 5.1 Nanjing Hongbaoli Company profile Businesses and product mix Capacity and output of system materials in Export strategy of system materials in Wanhua Chemical Group 5.3 BASF 5.4 Shandong Inov Polyurethane 5.5 Dow Chemical 5.6 Yantai Shunda PU 5.7 Covestro 5.8 Shaoxing Chenfeng New Thermal Insulation Materials 5.9 Guangzhou Longtang Polyurethane 5.10 Shaoxing Hengfeng Polyurethane Industry Chapter 4 Industry Prospects and Future Development Forecast 6 Industry prospects and future development forecast for the coming years 6.1 Outlook for the home appliances sector 6.2 Outlook for the building insulation sector 6.3 Outlook for the cold chain sector 6

7 6.4 Outlook for other rigid PU foam-related sectors 6.5 Review of the growth in demand for system materials for Forecast of the growth in demand for system materials for

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