The market for diphenylmethane diisocyanate (MDI) at US$ 27.8 billion in 2022 and forecasts it to surpass US$ 45 billion by the end of 2032. Worldwide sales of MDI products are anticipated to increase at a CAGR of 5% over the next ten years.
Rising demand for polyurethane in several industries such as automotive, furniture, and packaging is anticipated to be a major prospect that will drive the demand for diphenylmethane diisocyanate over the coming years since it is used for polyurethane foam production.
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Key players in the diphenylmethane diisocyanate industry are focusing on launching new eco-friendly and sustainable products to meet their high demand and focusing on reducing their carbon footprint to gain a sustainable reputation in the marketplace.
- In February 2022, BASF, a leading chemical manufacturing company based in Germany announced the expansion of its portfolio of pure methylene diphenyl diisocyanate by launching Lupranat ZERO. The Lupranat ZERO is a greenhouse gas-neutral aromatic isocyanate launched to add sustainability to its polyurethane value chain.
- In February 2022, Covestro, a prominent name in the chemical industry announced the launch of climate-friendly MDI for use in industry verticals such as automotive, construction, and cold-chain. The new MDI is produced at the company’s Krefeld-Uerdingen, Antwerp, and Shanghai plants, which are ISCC PLUS-certified.
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Key Companies Profiled:
- BASF SE
- Huntsman International LLC
- Jilin Connell Chemical Industry Co.
- Karoon Petrochemical Company
- Lanxess AG
- Kumho Mitsui Chemicals Corporation
- Covestro AG
- Sumitomo Chemical Company Limited
- Sadara Chemical Company
- TCI Chemicals Pvt. Ltd.
- The Dow Chemical Company
- Tosoh Corporation
- Merck KGaA
Segmentation of MDI Industry Research
- By Product Type:
- Monomeric MDI
- Polymeric MDI
- Modified MDI
- By Application:
- Rigid Foams
- Flexible Foams
- Adhesives & Sealants
- Other Applications
- By End-use Industry:
- Furniture & Interiors
- Electronics & Appliances
- Rubber & Plastics
- Other Industries
- By Region:
- North America
- Latin America
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Questionnaire answered in the Diphenylmethane Diisocyanate Market report include:
- How the market for Diphenylmethane Diisocyanate has grown?
- What is the present and future outlook of the global Diphenylmethane Diisocyanate on the basis of region?
- What are the challenges and opportunities for the Diphenylmethane Diisocyanate?
- Why the consumption of Diphenylmethane Diisocyanate highest in region?
- In which year segment is expected to overtake segment?
What makes Fact.MR report stand out from others?
- Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Diphenylmethane Diisocyanate market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
- Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Diphenylmethane Diisocyanate market, thus, making it different and special from other reports.
- Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
- Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Diphenylmethane Diisocyanate market and assists to create strategies to overcome the obstacles that may hinder the growth of the Diphenylmethane Diisocyanate market.
- Leverage: The Diphenylmethane Diisocyanate market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
- Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
- Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Diphenylmethane Diisocyanate market.
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