A recent study by Fact.MR foretells the global isocyanate market to record an expansion rate of around 6.0%. The global isocyanates market is witnessing consistent demand in the construction industry due to its reactive chemical properties and its usage in the production of adhesives, foams, and elastomers.
Rise in vehicle production in countries like China, Mexico, Japan, US, and Germany, along with vehicle aging is one of the critical drivers for sales of isocyanates. The industry produces a range of intermediate chemicals which are being used in a wide variety of applications.
A considerable portion of the structured and manufactured goods available are coated, and isocyanates are present in most of the high-quality, long-lasting coatings.
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The following report provides forecast and analysis of the global isocyanates market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Thousand Tons), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global isocyanates market along with several macro-economic indicators.
This newly published and insightful report on isocyanate compounds sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global isocyanates market. The report also comprises the study of current issues with end users and opportunities for isocyanate compounds.
It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of isocyanate manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the isocyanates market provided in the report adds to the credibility of this exhaustive research study.
Global Isocyanates Market: In-Depth Assessment on Key Segments
The global isocyanates market is segmented on the basis of resin, application and end-use.
Type |
Application |
End-Use |
Region |
MDI |
Surface Coatings |
Automotive |
North America |
TDI |
Elastomers |
Building & Construction |
Latin America |
Aliphatic and Cycloaliphatic |
Binders |
Electronics |
Europe |
|
Adhesives and Sealants |
Others (Industrial Machinery, Packaging, etc. ) |
East Asia |
|
Rigid Foam |
|
South Asia & Oceania |
|
Flexible Foam |
|
MEA |
|
Others (PU Fibers, Microcellular Products, etc.) |
|
|
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Methylene Diphenyl Di-isocyanate Gains Traction Within the Global Isocyanates Market
MDI resin holds more than 2/3rd market share of overall sales in global isocyanates market. Demand for MDI is anticipated to increase over the years due to the increased application in sealants, adhesives and elastomers.
Growing end use industries are expected to fuel the market over the forecast period. Energy crisis in emerging economies has increased the demand for energy-efficient buildings combined with incentives and public laws to support energy-efficient structures which are the main drivers of demand for isocyanates.
Moreover, burgeoning isocyanate demand in end-use segments is expected to boost the global market growth for isocyanates.
The Isocyanates Market Benefits from the Myriad Applications in the Construction and Electronics Sectors
Isocyanate market growth factors include elevated demand from present and emerging applications. Continuous demand from developing markets is driving R&D activities among competitors.
Construction and automotive industry, a significant end-user of isocyanate industry, is thriving, with demand for isocyanate and its derivatives such as adhesives and coatings anticipated to boost the market.
Consumer markets in the emerging economies, including machinery and electronics, automotive and construction, are anticipated to provide huge possibilities in the future for producers and distributors.
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“Green” Polyurethanes from Renewable Isocyanates to Be the New Norm
Development of bio-based isocyanates is expected to further drive market growth since crude oil is typically used to generate isocyanates and its pricing on the worldwide market changes the amount in the context of manufacturing.
This has resulted in the current market growth of the bio-based isocyanates. Suppliers and suppliers engaged in infrastructure apps are anticipated to benefit greatly from consumer markets as the boom in developing economies in these industries will boost the demand for products based on it.
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