Global Isocyanate Market, By Type (Methylene diphenly diisocyanate (MDI), Toluene diisocyanate (TDI), Aliphatic isocyanate and Others), Application (Rigid Foam, Flexible Foam, Paint and Coatings, Adhesives and Sealants, Elastomers, Binders and Others), End User Industry (Building and Construction, Automotive, Healthcare, Furniture and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Isocyanate Market
The isocyanate market is expected to witness market growth at a rate of 12.52% in the forecast period of 2022 to 2029. Data Bridge Market Research report on isocyanate market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the need in the construction industry is escalating the growth of isocyanate market.
Isocyanates are known to be isocyanate group chemicals (-NCO). They react to polyurethane polymers which are parts of thermoplastic elastomers, polyurethane spraying, spandex fibers, and polyurethane paints with alcohol-containing compounds (hydroxylic). The raw ingredients containing all polyurethane products are Isocyanates. The isocyanate may be exposed in the workplaces of paint, foam and the manufacture of a variability of polyurethane products, such as, plastic foam, chemicals, insulation materials, surface laminating products, car seats, cabinets, foam mattresses, underwear materials, shoes, laminated fabrics, polyurethane rubbers and adhesives.
Major factors that are expected to boost the growth of the isocyanate market rise in the end user industries. Furthermore, the agreement with energy regulations is further anticipated to propel the growth of the isocyanate market. Moreover, the rise in the automotive and construction industries is further estimated to cushion of the isocyanate market. On the other hand, the increase in the costs of feedstock is further projected to impede the growth of the isocyanate market in the timeline period.
In addition, the phosgene free methylene diphenly diisocyanate (MDI) production process will further provide potential opportunities for the growth of the isocyanate market in the coming years. However, the rise in the toxic and hazardous nature with heavy polyurethane might further challenge the growth of the isocyanate market rise in the near future.
This isocyanate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the isocyanate market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Isocyanate Market Scope and Market Size
The isocyanate market is segmented on the basis of type, application and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the isocyanate market is segmented into methylene diphenly diisocyanate (MDI), toluene diisocyanate (TDI), aliphaticisocyanate and others.
- On the basis of basis of application, the isocyanate market is segmented into rigid foam, flexible foam, paint and coatings, adhesives and sealants, elastomers, binders and others.
- On the basis of end user industry, the isocyanate market is segmented into building and construction, automotive, healthcare, furniture and others.
Isocyanate Market Country Level Analysis
The isocyanate market is analysed, and market size, volume information is provided by country, type, application and end user industry as referenced above.
The countries covered in the isocyanate market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the isocyanate market due to the rise in the end use industries including construction, electronics, and automotive. Furthermore, the occurrence of major key players will further boost the growth of the isocyanate market in the region during the forecast period. North America is projected to observe significant amount of growth in the isocyanate market due to the rise in the regulatory intervention from agencies including EPA related to environmental and health effects associated with MDI and TDI. Moreover, the rise in the number of strict environmental restrictions is further anticipated to propel the growth of the isocyanate market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Isocyanate Market Share Analysis
The isocyanate market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the isocyanate market.
Some of the major players operating in the isocyanate market are BASF SE, Asahi Kasei Corporation, Bayer AG, Chemtura Corporation, Huntsman International LLC, DOW, Mitsui Chemicals, Inc., Hebei Cangzhou New Century Foreign Trade Co., Ltd., Evonik Industries AG, Dahua (Group) Co. Ltd., Wanhua Chemical Group Co. Ltd., Vencorex, GNF Limited, Yantai Sanjiang Chemical Industry Material Co. Ltd., Tosoh Corporation, China National Blue Star (Group) Co. Ltd, KUMHO MITSUI CHEMICALS CORP, Anderson Development, and Covestro AG among others.