Africa MDI, TDI, Polyurethane Market is expected to grow with the CAGR of 3.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Africa MDI, TDI, polyurethane market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.
The major players dealing in Africa MDI, TDI, polyurethane market are introducing strong range of product portfolio. This helped company to maximize the sales with enhanced product portfolio. For instance, in October 2018, Wanhua Chemical Group Co.Ltd launched 3D printing shoe material solutions which will include, WANFAB TPU powder, WANFAB TPU filament, WANFAB waterborne coating and Adwel waterborne adhesive. It will help the company to expand its business so that they can able to satisfy the consumer’s needs.
Covestro AG is the dominating player in Africa MDI, TDI, polyurethane market. The other k,ey players existing in the market includes BASF SE, Dow Wanhua Chemical Group Co.Ltd ,Era Polymers Pty Ltd , Merck KGaA , Royal Dutch Shell plc ,SABIC and OCI COMPANY Ltd.
Wanhua Chemical Group Co.Ltd
Wanhua Chemical Group Co.Ltd headquartered in China which was founded in 1978. The company is engaged in production and sales of PU products such as isocyanate and polyol. polyol, thermoplastic elastomer (TPU), petrochemicals, water-based resin, isocyanate, specialty amines, thickener, formulated polyol, tert-butyl alcohol, MIBK, Neopentyl glycol, polyurethane catalyst, propylene for polymerization, IP, CDT and polycarbonate are product categories of the market and isocyanate is market focused segment.
- In November 2018, Wanhua Chemical Group Co.Ltd opened a new manufacturing site of MDI in North America so that they can meet the growing demand in the local market
The company has wide Africa presence across the globe such as Asia-Pacific, Europe, Middle East and Africa, North America and South America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Wanhua Chemical (Hong Kong) Co., Ltd. (Hong Kong), Wanhua Chemical (Japan) Co., Ltd. (Japan), Wanhua Chemical (America) Co., Ltd. (U.S.), Wanhua International (India) Private Limited (India) among others.
Covestro AG
Covestro AG is headquartered in Leverkusen, Germany which was founded in 2015. The company focuses on producing polymer materials for various industries worldwide with segments such as polyurethanes, polycarbonates, coatings, adhesives, specialties and others. The company is engaged in business segments with polyurethanes, polycarbonates, coatings, adhesives, specialties and others.
- In October 2016, Covestro AG has announced force majeure on the production of toluene, methyl di-p-phenylene isocyanate (MDI) di-isocyanate (TDI), and intermediate products which were produced in Europe. this expansion has put an impact on the market and the prices were increased.
The company has wide presence in Europe, Americas, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Covestro B.V. (Netherlands), Covestro Elastomers SAS (France), Covestro International SA (Switzerland), Covestro S.r.l. (Italy), Covestro UK Limited (U.K.) among others.
Dow
Dow has headquartered in Michigan, U.S. and it was established in year 1897. The company is engaged in manufacturing of sustainable material sciences. The company offers wide range of product categories such as additives & modifiers, adhesives and sealants, amines and chelants, conductive materials, elastomers and plastomers, emulsions, fluids, blends and dispersions, foam control agents, gels, encapsulants and conformal coatings, intermediates and feedstocks, lubricants and fluids, monomers, optical materials, plastics additives, polyethylene, polyurethanes, release coating systems and agents, resins, binders and film formers, silanes and siliconates, solvents and glycols, specialty polymers and compounds, surfactants, emulsifiers and polyglycols and waxes and powders among which polyurethanes is market focused category.
For instance,
- In May 2019, Dow announces that they had selected Univar Inc. solutions as a North American channel so that the company can distribute their broad portfolio of isocyanates and polyols in the region. It will help the company to expand its business and increase their customer base as well.
The company has presence in Americas, Asia-Pacific, Middle East and Africa and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Arabian Chemical Company (Saudi Arabia), Carbide Chemical (Thailand) Limited (Thailand), CHPM Company Limited (U.K.), Dow A ustria Gesellschaft m.b.H. (Austria).
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