Wanhua Chemical Group Co.Ltd, Covestro AG, and BASF SE are Dominating the Global MDI, TDI, Polyurethane Market in 2019

Global MDI, TDI, Polyurethane Market is expected to grow with the CAGR of 5.5% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

Access Full Report at https://www.databridgemarketresearch.com/reports/global-mdi-tdi-polyurethane-market

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 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 Filament, WANFAB TPU Powder, WANFAB Waterborne Coating and Adwel Waterborne Adhesive. It will help the company to expand its business so that they can able to satisfy consumer needs.

Wanhua Chemical Group Co.Ltd is the dominating player in global MDI, TDI, polyurethane market. The other key players existing in the market includes BASF SE, Dow, Covestro AG, Huntsman International LLC, Era Polymers Pty Ltd, Shandong INOV Polyurethane Co., Ltd, Kuwait Polyurethane Industries W.L.L, Tosoh Corporation, Yantai Shunda Polyurethane Co.Ltd., Karoon Petrochemical Company, Shanghai Hungsun Chemicals Co., Ltd., Hanwha Chemical Corporation, Merck KGaA, KUMHO MITSUI CHEMICALS CORP, Royal Dutch Shell plc, SABIC, Tokyo Chemical Industry Co., Ltd., OCI COMPANY Ltd and Mitsubishi Shoji Chemical Corporation.

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, others among which isocyanate is market focused segment.

In October 2019, Wanhua Chemical Group Co.Ltd., launched 3D printing shoe material solutions which will include WANFAB TPU Filament, WANFAB TPU Powder, WANFAB Waterborne Coating and Adwel Waterborne Adhesive. With this launch, the company will expand its business to satisfy their consumer needs.

The company has wide global 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 in three segments, polyurethanes, polycarbonates, and coatings, adhesives, specialties. The company is engaged in business segments polyurethanes, polycarbonates, coatings, adhesives, specialties, other.

  • In October 2016, Covestro AG has announced force majeure on the production of toluene di-isocyanate (TDI), methyl di-p-phenylene isocyanate (MDI), and intermediate products which were produced in Europe. It will impact on the market and the prices were increased.      

The company has wide global 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.

BASF SE

BASF SE has headquartered in Ludwigshafen, Germany and it was established in year 1865. The company is engaged in manufacturing of chemicals, plastics, performance products, and crop protection products, oil and gas for different industries. The company offers wide range of product categories such as functional material and solutions, chemicals, performance products, agricultural solutions and others among which chemicals is market focused category.

For instance,

  • In January 2018, BASF SE started the construction of a new MDI synthesis unit in Geismar, Louisiana. The unit will help the company to double the MDI capacity from 300,000 metric tons to 600,000 metric tons.

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 BASF Coatings GmbH (Germany), Wintershall, BASF Japan (Japan), Engelhard (U.S.), PCI Augsburg GmbH (Germany), Cognis (Germany) among others.

Recent Strategic Decisions

MDI, TDI, Polyurethan