Isocyanate Market Worldwide Analysis By Financial Overview, Research Methodologies and Forecast To 2026

Isocyanate Market

The isocyanate market is anticipated to grow at an exponential rate on account of its increasing demand from end-user industries. Isocyanate chemical is a crucial element in the manufacturing of polyurethanes and other polymers, which are further used in numerous industries. It is a synthesized chemical that is formed by treating amines by phosgene. The global production of polyurethanes is growing at a rapid pace, further driving the demand for isocyanates during the forecast period.

Isocyanates polymers are available in rigid and flexible forms that can be used directly in the end-products. They are extensively used in the automotive and furniture industry for bedding purposes. Changing consumer lifestyles and increasing purchasing power are driving the demand for cars and aesthetic furniture, which is further surging the demand for isocyanate.  

The Major Players Covered in this Report:
Asahi Kasei Group, Stahl Holdings B.V., BASF SE, Hebei Cangzhou Dahua Group Co. Ltd, Bayer MaterialScience, Chemtura Corporation, Yantai Wanhua Polyurethanes Co. Ltd., Mitsui Chemicals Inc, Dow Chemical Company, Vencorex Chemicals, Huntsman Corporation, Kumho Mitsui Chemicals Inc 

In 2020, the global Isocyanate market size was million US$ and it is expected to reach a million US$ by the end of 2026, with a CAGR between 2021 and 2026.

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Isocyanate Market: Segmentation-

By Type- Toluene Diisocyanate (TDI), Methylene Diphenyl Diisocyanate (MDI), Monomeric MDI, Polymeric MDI,

By Application- Polyurethanes/ Polymers, Foams, Paints and Coatings, Adhesives and Sealants, Elastomers, Electrical Insulation,

By End-User- Electronics, Automobile, Building and Construction, Aviation, Bedding and Furniture

Growing Residential Construction and Rising Sending Power

As the construction industry is witnessing tremendous growth, there is a surge in demand for various products across the globe. Isocyanate is extensively used in several construction products due to its unique properties. The ever-growing population, rising standard of living, and increasing consumer spending power drive the market growth. Flexible polyurethane foam is a popular material used for cushioning of furniture and beds.

Isocyanates are a critical raw material in the building and construction industry as they are used in the manufacturing of flexible and strong polyurethane foams. The key players prefer polyurethane over other materials due to the high-performance and versatility of the product. The U.S. Environmental Protection Agency (EPA) has approved the use of cured polyurethane, i.e., non-toxic, further fostering the market growth. The below-mentioned info-graph depicts the value of the U.S. residential construction work done in the period 2015–2020. (in USD million)

Regional Analysis For Isocyanate Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Isocyanate are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Isocyanate in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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