Chinese alternatives to Covestro
2 China-built MDI/TDI polyurethanes and polycarbonate options.
Kingfa Sci. & Tech. 金发科技
alternative to BASF / Covestro / Celanese / NexPoint (ex-SABIC)
Modified (compounded) and recycled plastics, specialty engineering plastics such as LCP, PPA and PEEK, biodegradable plastics and fibre-reinforced composites for cars, appliances and electronics. Sold 2.95 Mt of modified plastics in 2025; has plants in the US, Europe, India, Vietnam and Malaysia.
- Chemicals & Plastics
- Processing
- Global-ready
Wanhua Chemical 万华化学
alternative to Covestro / BASF / Dow / Huntsman
MDI and TDI isocyanates, polyether polyols, TPU and other polyurethanes, plus polycarbonate, ethylene and propylene derivatives and specialty chemicals, made in Yantai, Ningbo, Fujian and at BorsodChem, Hungary. Had 3.8 Mt/yr of MDI capacity at end-2025; 47% of 2025 revenue came from outside China.
- Chemicals & Plastics
- Processing
- Global-ready