Global MDI, TDI, Polyurethane Market is Forecasted to Grow at 5.5% with Factor Like Increasing Consumption of Polyurethane Components

MDI, TDI, Polyurethane Market

 has shown an exceptional penetration in countries such as the U.S., Germany and China. Increased consumption of insulation materials in the developing countries as polyurethane foam as a raw material for 3D printing is creating opportunity for the global MDI, TDI, polyurethane market.

MDI, TDI, Polyurethane Market Scenario

According to Data Bridge Market Research the market for MDI, TDI, polyurethane market in Asia-Pacific region has the highest market share followed by Europe and North America. Market leader is Wanhua Chemical Group Co. Ltd which accounts an estimated market share of approximately 15% to 20% in Asia-Pacific. The company has gained outstanding sale through their product showcase programs in the U.S. and Europe. The companies’ isocyanate portfolio includes both MDI and TDI.

In May 2019, Dow selected Univar Inc. solutions as a North American channel to distribute their broad portfolio of isocyanates and polyols in the region. It will help the company to expand its business and to increase their customer base in the market.

Trends Impacting the MDI, TDI, Polyurethane Market

 MDI, TDI, Polyurethane Market

Now the question is which other regions Wanhua Chemical Group Co. Ltd, Covestro AG and BASF SE are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific for MDI, TDI, polyurethane market and the market leaders targeting Japan and China to be their next revenue pockets for 2020.

MDI, TDI, polyurethane market is becoming more competitive every year with companies such as Wanhua Chemical Group Co. Ltd, Covestro AG and BASF SE are the market leaders for MDI, TDI, polyurethane. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the MDI, TDI, polyurethane market.

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MDI, TDI, Polyurethane Market Developments in 2019

  • In December 2019, Shandong Yinuowei Polyurethane Co., Ltd. participated in Environmental Impact Assessment of Technical Transformation and Expansion Project of 45,000 Tons of Polyurethane products. With this participation, the company has increased its brand image in the market.
  • In December 2019, Huntsman International LLC acquired Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems which are used for commercial and residential applications. With this acquisition the company will strengthen its MDI urethanes insulation business in the market.

Scope of the MDI, TDI, Polyurethane Market

MDI, TDI, polyurethane market is segmented on the basis of countries into the U.S., Canada and Mexico, Germany, U.K., France, Italy, Switzerland, Spain, Russia, Belgium, Netherlands, Turkey and Rest of Europe, China, Japan, South Korea, India, Singapore, Australia, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel and Rest of Middle East and Africa.

  • All country based analysis of the MDI, TDI, polyurethane market is further analyzed based on further segmentation on the basis of type; the market is segmented into toluene diisocyanate (TDI) and methylene diphenyl diisocyanate (MDI). On the basis of raw material, the market is segmented into crude oil, natural gas, toluene, benzene, nitric acid, methanol, chlorine and others. On the basis of application, the market is segmented into polyurethane foam, polyurethane elastomers, polyurethane adhesives and sealants, polyurethane coatings and others. On the basis of end-use, the market is segmented into footwear, furniture, automotive, building and construction, home appliances, textiles, healthcare, electrical and electronics, packaging, industrial machinery and others.
  • MDI, TDI, polyurethane market is used to improve the quality and finishing of the product. It acts as substitute other process such as forging. Increased concern towards carbon emissions as well as government is augmenting the use of MDI, TDI, polyurethane as it reduces the weight of the vehicle. Thus, market is witnessing strong products offering with improved market coverage.

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Key Pointers Covered in the MDI, TDI, Polyurethane Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Regulatory Standards and Changes
  • Market Clinical Trials in Different Regions
  • Market Quality Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study
  • Market Supply Chain Competiveness
  • Market Value Chain Analysis

Key Market Competitors Covered in the Report

  • Dow
  • Covestro AG
  • Huntsman International LLC
  • Era Polymers Pty Ltd
  • Shandong INOV Polyurethane Co., Ltd
  • Kuwait Polyurethane Industries W.L.L
  • Wanhua Chemical Group Co.Ltd
  • Tosoh Corporation
  • Yantai Shunda Polyurethane Co.Ltd.
  • Karoon Petrochemical Company
  • Shanghai Hungsun Chemicals Co., Ltd.
  • Hanwha Chemical Corporation
  • Merck KGaA
  • Royal Dutch Shell plc
  • Tokyo Chemical Industry Co., Ltd.
  • Mitsubishi Shoji Chemical Corporation

Above are the key players covered in the report to know about more and exhaustive list of MDI, TDI, polyurethane companies contact us

Research Methodology: MDI, TDI, Polyurethane Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Automobile industry and Building and Construction Industry
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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