Isocyanate Market 2018: Research in-depth analysis, key players, forecasts to 2025
Isocyanates are a group of low-molecular-weight, highly reactive chemicals, which are frequently dissolved in aromatic solvents such as toluene and xylene that are toxic. These are very reactive materials which are used for manufacturing polyurethane products such as polyurethane foam, chemicals, surface coatings, insulation materials, car seats, furniture, foam mattresses, packaging materials, shoes, under-carpet padding, laminated fabrics, polyurethane rubber, and adhesives. These are categorized as polyisocyanate and diisocyanate, based on the number of the isocyanate group. The polyisocyanate contains multiple groups of isocyanates and is primarily derived from diisocyanates. Another most important type of polyisocyanate is HDI isocyanurate and HDI biuret.
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Due to the increasing urbanization and industrialization, various organizations are expanding their market. Production of high-efficiency bio-based isocyanate is one of the important factor influencing the market.
Rising awareness of energy crisis leading to the growing demand for energy-efficient structures together with government regulations and incentives to encourage energy efficient structures are the key factors driving the demand for the market. In addition to it, demand from emerging economies, high demand from current & emerging applications, and advancements in technology are the other factors driving the market. However, higher raw material cost and huge investments required in research and development (R&D) and technology are the factors hampering the growth of the market. Moreover, the major challenge in the market is its increasing prices, owing to the rising feedstock costs. The rising industrialization and urbanization in the developing regions across the globe are estimated to enhance the market during the forecast years.
• Bayer Material Science (Germany)
• Chemtura Corporation (U.S.)
• Dow Chemical Company (U.S.)
• Ashai Kasei (Japan)
• BASF SE (Germany)
• Evonik Industries (Germany)
• Kumho Mitsui Chemicals Inc (South Korea)
• Mitsui Chemicals Inc (Japan)
• Hebei Cangzhou Dahua Group Co. Ltd (China)
• Huntsman Corporation (U.S.)
• Vencorex (France)
• Yantai Wanhua Polyurethanes Co. Ltd. (China), and Others.
Business Intelligence: Specialty chemicals company LANXESS acquired Chemtura, the U.S. company, one of the world’s leading suppliers of lubricant additives and flame retardant, in April 2017.
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Isocyanate Market Segmentation:
By Product Type:
• Toluene Diisocyanate
• Methylene Diphenyl Diisocyanate
• Aliphatic Isocyanate
• Paints & Coatings
• Elastomers & Binders
• Rigid Foams
• Flexible Foams
• Adhesives & Sealants
By End-user Industry:
• Electrical and Electronics
• Building & Construction
• North America
o The U.S.
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
o South Africa
o Saudi Arabia
o Rest of LAMEA
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In the end, The main goal of this research study is to provide a clear picture and a better understanding of the market for Global self driving car sales market report 2018 to the manufacturers, suppliers, and the distributors operational in it. The readers can gain a deep insight into this market from this piece of information that can enable them to formulate and develop critical strategies for the further expansion of their businesses.
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Global Isocyanate Market Offering High-growth Opportunities for Market Players
Key Players The key players that are involved in the Global Isocyanate market are • Yantai Sanjiang Chemical Industry Material Co. Ltd. • BASF SE • Bayer Material Science • The Dow Chemical Company • Huntsman Corporation • Anderson Development Company Key Findings • The Global Isocyanate Market is driven by the growth in automotive industry and construction industry. • The European Isocyanate Market is heading towards maturity and the growth is mainly expected from the emerging countries of Asia-Pacific. • By 2020, Asia-Pacific is expected to account