Our third objective will be to continue to focus on building out our downstream and differentiated capabilities and product innovation. Sorry, long-winded answer.I appreciate the color. And in spite of the opportunities we're seeing in spray foam and so forth, I just as we look at some of our areas like appliances and our footwear and ACE and so forth, those things are on retail, still struggling quite a bit. Our high-margin DIY business, largely in India, was also significantly impacted due to the extensive lockdown in the country of India. I think that we probably did a better job buying in the early part of the second quarter than we normally would have done. Combining these projects will deliver a run rate savings of over $100 million by the end of next year. As we think about capacity in the second quarter, I think that as you look at MDI capacity, as far as we can see, kind of what's published data out there, Europe is running at about 60% capacity, Americas is probably at about 70%, and Asia is probably about 70%. And as we keep chipping away at that and trying to add value to that polymeric, that's not to say that all downstream is good, and it's not to say that all polymeric we want to get out of. And as I look at that going into the third quarter I've got Tony Hankins here, who's our divisional president. But my question is more about, as you guys have provided us a Q3 forecast, in that forecast, are you sort of assuming a leveling of the sort of year-over-year volume trends similar to what you showed us in those charts for the month of July?They want to go in, they want to be fitted, and they want to make sure they're buying something. I've got to go back and figure out what exactly happened during the Whiskey Rebellion of 1791 and how germane it is to the current environment. I think that's what we'll be probably for the next quarter or so. So as I look at July, I kind of started the month a bit more optimistic than how I finished the month.
On day one of ownership, we immediately began integrating the business, and we are confident that we will be able that we will be at synergy run rate of approximately $15 million when we exit 2021. Assuming this and if economic activities remain somewhat consistent with the trends we have experienced in June and are seeing in July, and I emphasize this is an uncertain assumption, we could anticipate this business generating slightly above $100 million of EBITDA in the third quarter. For 2020 we expect to spend between approximately $225 million and $235 million on capital expenditures.THE WOODLANDS, Texas, July 28, 2020 /PRNewswire/ --In the second quarter 2020, our adjusted effective tax rate was 18%. We also have coming due in early next year, and we have not taken it out now because it's not callable. Margins in our differentiated polyurethane and other businesses remained fairly stable.
Our adjusted effective tax rate for the second quarter was approximately 18%. And I think that affected consumer sentiment. There's some great downstream polymeric businesses that we want to stay in. Huntsman Building Solutions is the combination of our 2018 spray foam acquisition of Demilec and our early 2020 spray foam acquisition of Icynene-Lapolla.We will continue to invest in evolving technologies for protective solutions supporting increasing demand for PPE as well as continuing to capitalize on our core strength and leading technologies in water reduction and 0 discharge dyes to help our customers achieve their sustainable goals. Maybe you'll see something of elastomers coming back more aggressively, automobiles and so forth coming back more aggressively.