Press release
Methylene Diphenyl Di-Isocyanate (MDI) Market: Information By Application (Rigid Foam, Flexible Foam, Coatings, Elastomer, Adhesive, and Sealant), and End-User Industry — Forecast Till 2026
Methylene Diphenyl Di-Isocyanate Market
The desired structure depends upon the industry verticals and end-use application, which offers an array of applications in various industry landscapes. MDI offers three extensive foams, namely pure monomeric MDI, polymeric MDI, and modified MDI, which are commonly used in construction, furniture and interiors, electronics, automotive, footwear, and other end-use industries.
Its pure monomeric MDI is combined with polyols to deliver a wide range of materials and products for elastomers, coasting, sealants, and adhesives involving both high- and low-density microcellular fibers, which are generally suitable for injection molding, extrusion, and other solution applications
Its polymeric MDI products are suitable for many manufacturing industries and end-use applications
Its modified MDI is combined with long-chain polyols to provide a wide range of materials and products, including sealants and adhesives, as well as a variety of thermoplastic polymers suitable for injection molding, extrusive, and solutions
applications.
Request For Sample Report :https://straitsresearch.com/report/methylene-diphenyl-di-isocyanate-mdi-market/request-sample
Key Drivers
Growth and evolution of end-use industries
Growth in the manufacturing of polyurethane products, where MDI is a raw material
Key Restraints
Rising environmental concerns and availability of environmental-friendly substitutes
Fluctuation in raw material prices
Key Opportunities
Phosgene-free MDI or non-toxic phosgene production process acts as the opportunity of the global market. As phosgene free MDI helps towards countering the government standards related to health issue and further enhances the market share in future
Intended Audience
MDI Manufacturers and Other Stakeholders
Major End-Users of MDI
Organizations, Forums, and Alliances Related to MDI
Government Bodies Such as Regulating Authorities and Policy Makers
Market Research and Consulting Firms
Rigid Foam & Construction Industry to Account for Prominent Market Shares by Application & End-Use Industry, Respectively
MDI is used in rigid foam, flexible foam, coatings, elastomers, adhesives, and sealants on account of its flexibility and significant environmental benefits, including reduced project weight and increased energy efficiency. The usage of rigid PU foam in insulated panels, roof and wall insulation, and gap fillers will increase its accessibility in the global market. Rigid foam accounts for a strong share in construction applications, where it is used to cover irregular shapes and seal gaps.
Predominantly, MDI’s array of forms are used in construction, furniture, electronics, automotive, and other end-use industries. The construction end-use industry is pegged to increase on account of upcoming infrastructure projects in emerging economies, including storage tanks, roadways, warehouses, and other buildings with added rising in market share. Favorable government norms and policies pertaining to construction and building further augment market growth. According to the report of National Statistics of the U.K. Government in 2018, the construction industry grew 6.2% in the Great Britain in 2017, of which new firm construction is about 3.4%.
China & India Will Drive Growth of Asia-Pacific’s MDI Market
The methylene diphenyl di-isocyanate market in Asia-Pacific is projected to increase by more than 6% on account of the rising demand in emerging countries such as China and India. Presently, the growth of end-use industries such as electronics, construction, and automotive are imparting to the growth of the regional MDI market. China’s MDI market is estimated to grow on account of low-cost transportation, less stringent government norms, and the availability of low-cost raw material, labor, and land. According to China’s central government, the automobile industry output will reach 30 million units by 2020 and 35 million units by 2025 on account of the fact that polyurethanes are widely used in the manufacturing of cars due to the benefits regarding energy conservation, comfort, and protection.
Europe – The Largest Value Shareholder Globally
Europe holds the largest market share globally, with leading players such as BASF SE and Covestro AG driving growth. With increasing prices of isocyanates and usage of polyurethanes, the regional methylene diphenyl di-isocyanate market is growing by more than 5.5 % across global market share. Strong demand, R&D activities, and efforts towards the development of eco-friendly MDI are expected to create opportunities for market expansion in the years to come.
Key Players
The market is competitive in nature, and a small number of market players hold prominent market shares. Some of the most noteworthy market participants are BASF SE, Huntsman International LLC, Covestro AG, Wanhua Chemical Group Co., Ltd., The Dow Chemical Company, Bayer Material Science, Tosoh Corporation, Chemtura Corp, and Mitsui Chemicals, Inc. In light of the rising demand from end-use industries, companies are aiming to establish new partnerships or relationships with other players to meet customer requirements.
Company and Industry News
In April 2019, BASF SE invested USD 87 million on the second phase of its methylene diphenyl diisocyanate (MDI) unit at the Verbund plant in Geismar; with this investment, the company hopes to increase its share in the North America market
In February 2019, Huntsman released its yearly report, in which the company mentioned a 16% increase in revenue in 2018; furthermore, on account of the low price of MDI in 2018, the company faced revenue loss in the chemical section
In October 2018, Conestro AG invested USD 1.6 billion in its new MDI plant in Baytown, Texas, which is expected to start in 2024 with a production capacity of 0.5 meter tons/year; with this new production facility, the company increased its market share in Europe
Buy Now :https://straitsresearch.com/buy-now/methylene-diphenyl-di-isocyanate-mdi-market/global/
Methylene Diphenyl Di-isocyanate (MDI) Market Segmentation
By Application
Rigid foam
Flexible foam
Coating
Elastomer
Adhesive
Sealant
Others
By End-User Industry
Construction
Furniture and interiors
Electronics and appliances
Automotive
Footwear
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Poland
Rest of Europe
Asia-Pacific
Japan
India
China
South Korea
Australia
Vietnam
Indonesia
Malaysia
Singapore
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Middle East
Saudi Arabia
Oman
Qatar
Bahrain
UAE
Rest of ME
Africa
Nigeria
Tanzania
South Africa
Ghana
Rest of Africa
Contact Us:
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY, USA, 10022
Tel: +1 6464807505, +44 203 318 2846
Website: https://straitsresearch.com/
About Us :
StraitsResearch.com is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Methylene Diphenyl Di-Isocyanate (MDI) Market: Information By Application (Rigid Foam, Flexible Foam, Coatings, Elastomer, Adhesive, and Sealant), and End-User Industry — Forecast Till 2026 here
News-ID: 2421820 • Views: …
More Releases from StraitsResearch
Maleic Anhydride Market 2022: Explore Top Factors that Will Boost the Global Mar …
Maleic Anhydride Market
The research methodology of Straits Research involves an ideal combination of primary and secondary research with the help of which the experts' inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability.
The Major Players Covered in this…
Blood Glucose Lancets Market Emerging Technological Growth, Future Growth and Bu …
Blood Glucose Lancets Market
The research methodology of Straits Research involves an ideal combination of primary and secondary research with the help of which the experts' inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability.
The Major Players Covered in…
Graphic Film Market: Business Class Seating Type To Rising at 4.6% During 2022-2 …
Graphic Film Market
The research methodology of Straits Research involves an ideal combination of primary and secondary research with the help of which the experts' inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability.
The Major Players Covered in this…
Digital PCR Market to See Wonderful Rise during 2022-2029 with High CAGR Growth
Digital PCR Market
The research methodology of Straits Research involves an ideal combination of primary and secondary research with the help of which the experts' inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability.
The Major Players Covered in this…
More Releases for MDI
Global MDI Based Polyurethane Market Size by Application, Type, and Geography: F …
USA, New Jersey- According to Market Research Intellect, the global MDI Based Polyurethane market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The MDI-based polyurethane market is witnessing significant growth due to its widespread applications across various industries, including construction, automotive, and furniture. The increasing demand…
MDI Spacer Market Analysis and Future Prospects for 2030
The world of the mdi spacer market is a complex and ever-evolving landscape, shaped by consumer demands and technological advancements. In this report, we delve into the depths of this market to provide a profound and comprehensive analysis, catering to a diverse audience that includes manufacturers, suppliers, distributors, and investors. Our primary goal is to empower industry stakeholders with invaluable insights to make informed decisions in a rapidly changing environment.…
Africa MDI, TDI, Polyurethane Market, By Type (Toluene Diisocyanate (TDI) and Me …
Polyurethane is a thermoplastic polymer, which fits in the NHCOO group and mostly use to make elastomers, fillers, and adhesives. Diisocyanates are joined with polyols and additional compounds to make polyurethanes, which provide hardiness and stiffness in elastomers and are accessible in stiff and flexible foam forms. Polyurethanes are utilized in different commercial and manufacturing industries. Toluene diisocyanate (TDI) and methylene diphenyl diisocyanate (MDI) are major basic ingredients.
Data Bridge Market…
Methyl Di-P-Phenylene Isocyanate (MDI) Market
Global Methyl Di-p-phenylene Isocyanate (MDI) Market is presently worth USD 1,735 million and is poised to amplify at a CAGR of 3.5% over 2022-2030, thereby amassing a valuation of USD 1890 million by end of the assessment timeline.
The organic compound methyl di-p-phenylene isocyanate belongs to the group of chemical compounds known as aliphatic polyisocyanates (MDI). It can be used in many industrial processes, such as the production of paints, adhesives,…
MDI Based Polyurethane Market 2022 | Detailed Report
The MDI Based Polyurethane research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market's key players. Furthermore, the report offers insightful market data and information about the MDI…
Monomeric MDI Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Monomeric MDI Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Monomeric MDI players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Monomeric MDI with respect to individual growth…
