Press release
Isocyanates Market Share, Industry Reports, Growth Trends and Business Overview till 2019-2025
In terms of consumption side, this report focuses on the consumption of Isocyanates by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Isocyanates are compounds containing the isocyanate group (-NCO). They react with compounds containing alcohol (hydroxyl) groups to produce polyurethane polymers, which are components of polyurethane foams, thermoplastic elastomers, spandex fibers, and polyurethane paints. Isocyanates are the raw materials that make up all polyurethane products. Isocyanates could be used in polyurethane foam, paints & coatings, adhesives & sealants, painting, etc.
Methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and aliphatic isocyanates (ADI) are three common types of isocyanates. In this report, we mainly focus on these three products. Isocyanates are compounds containing the isocyanate group (-NCO). Methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and aliphatic isocyanates (ADI) are three common types of isocyanates. MDI is the main kind of isocyanates, which took about 68.16% of the isocyanates products in 2015, and the percentage would increase to 74.31% in 2021. While TDI took about 28.45% of the isocyanates products in 2015.
From a global perspective, the consumption and production of each kind of isocyanates maintained balance. MDI’s consumption areas were mainly in China, Europe, USA, and Japan. In 2015, China MDI’s sales share was 38.84%. Following was Europe; with a share of 28.88%. USA and Japan separately took about 18.86% and 3.83%. In the past few years, MDI’s consumption gradually transferred from Europe to China.
The Isocyanates market was valued at 6640 Million US$ in 2017 and is projected to reach 7020 Million US$ by 2025, at a CAGR of 0.7% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Isocyanates.
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This report includes the following manufacturers; we can also add the other companies as you want.
BASF
Bayer
BorsodChem
Mitsui Chemicals
Vencorex
KPX Chemical
Cangzhou Dahua
CNIGC
Juli Chemistry
GNFC
Dow
OCI Company Ltd
Market Segment by Product Type
MDI
TDI
ADI
Others
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Market Segment by Application
Polyurethane Foam
Paints & coatings
Adhesives & sealants
Others
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