Isocyanates Market Size, Status and Forecast 2021- Anderson Development Company, Asahi Kasei Corporation, BASF SE, Bayer AG

The Isocyanates Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2026. The structured analysis contains graphical as well as a diagrammatic representation of the global Isocyanates Market with its specific geographical regions.

 “The global isocyanates market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.5% during 2021-2026”

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Top leading Manufacturers Profiled in Isocyanates Market Report are Anderson Development Company, Asahi Kasei Corporation, BASF SE, Bayer AG, Cangzhou Dahua Group Co. Ltd. (China National Agrochemical Corporation), Covestro AG, Huntsman Corporation, Mitsui Chemicals, The Dow Chemical Company and Wanhua Chemical Group Co. Ltd.

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Market Overview

Isocyanate is an organic compound that includes molecules of the isocyanate group (-NCO) and is manufactured by the reaction of phosgene and amines with water. It is a highly reactive chemical and is produced from raw materials, such as crude oil, propylene, toluene, aniline and benzene. Some of the most common types of isocyanates include aliphatic isocyanate, methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI). They are primarily used for the production of polyurethane (PUR)-based foams, paints, coatings, sealants, binders and sealants and find extensive applications across various industries, including construction, automotive, healthcare, furniture and aerospace.

Significant growth in the automotive industry, along with rapid industrialization across the globe, especially in the emerging economies, is one of the key factors driving the growth of the market. Furthermore, widespread adoption of isocyanate-based products in the construction industry is also providing a boost to the market growth. Isocyanates exhibit excellent insulation properties, owing to which they are used in the form of rigid PU foams for insulating panels and gap fillers in the spaces around doors and windows. They are also used on the exterior components of the automobiles to minimize the overall vehicular weight and improve the fuel-efficiency. Various advancements, such as the development of bio-based variants, are acting as another growth-inducing factor. With the rising environmental consciousness among the masses, there is an increasing preference for green polyurethanes and renewable isocyanates in place of crude oil-based products. This, along with the implementation of favorable government policies promoting the construction of energy-efficient structures, is projected to drive the market further.

Market Segmentation

Breakup by Type:

Methylene Diphenyl Diisocyanate (MDI)
Toluene Diphenyl Diisocyanate (TDI)
Aliphatic Isocyanates
Others

Breakup by Manufacturing Process:

Phosgenation Process
Nonphosgenation Process

Breakup by Application:

Rigid Foam
Flexible Foam
Paints and Coatings
Adhesives and Sealants
Elastomers
Binders
Others

Breakup by End-Use Industry:

Building and Construction
Automotive
Healthcare
Furniture
Others

Regional Analysis for Isocyanates Market:

For a comprehensive understanding of market dynamics, the global Isocyanates market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

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Table of Contents:

-Isocyanates Market Overview
-Economic Impact on Industry
-Market Competition by Manufacturers
-Production, Revenue (Value) by Region
-Supply (Production), Consumption, Export, Import by Regions
-Production, Revenue (Value), Price Trend by Type
-Market Analysis by Application
-Manufacturing Cost Analysis
-Business Chain, Sourcing Strategy, and Downstream Buyers
-Marketing Strategy Analysis, Distributors/Traders
-Market Effect Factors Analysis
-Isocyanates Market Forecast

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In conclusion, the Isocyanates market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Isocyanates Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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