Overview of Global TDI Supply and Demand in 2018

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1. Global TDIcapacity in 2018

In 2018, the total global production capacity of TDI was 3.02 million tons, but the total global production capacity will reach 3.52 million tons in 2019, a year-on-year increase of 16.5%, and the new production capacity is mainly concentrated in China. In 2019, China's TDI production capacity is expected to account for about 42% of the global production capacity, while Asia In addition, the production capacity in the Middle East will account for 64.8% of the total global production capacity.

2. Global TDI production in 2018

In 2018, the total output of TDI in the world was about 2.7 million tons. The output increased by about 15% year-on-year, hitting a record high, but on the other hand, the growth rate of global demand slowed down, and the market re-entered a state of oversupply, which led to pressure on global prices.

3. Global consumption of TDI

According to the forecast of the IMF (International Monetary Fund), the actual growth rate of global GDP in 2018 is about 3.7%. In 2018, the growth rate of the global economy, especially the global The consumption growth rate of TDI also slowed down simultaneously. In 2018, the global TDI consumption reached about 2.51 million tons, a year-on-year increase of 4.0%, basically outperforming global GDP growth.

Table 1 Comparison of global TDI supply and demand data in 2018 (unit: 10,000 tons)

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&soNormal style="TEXT-ALIGN: center; LINE-HEIGHT: 150%; mso-pagination: widow-orphan" align=center>272

250

YoY Growth

16.79%

15.46%

4.00%

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