Press release
Polycarbodiimides Market size worth over $62 Million by 2027, at a CAGR of 13.1%
In 2020, the global Polycarbodiimides market size was US$ 26 million and it is expected to reach US$ 62 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period 2021-2027. Polycarbodiimides (CDIs) are highly reactive functional resin modifiers having excellent compatibility with a wide range of resins. They can be prepared by treating sterically hindered mono- or polyisocyanates with basic catalysts with simultaneous elimination of carbon dioxide.The Polycarbodiimides industry can be broken down into several segments, Anti-hydrolysis Agents, Cross-Linking Agents, etc.
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Across the world, the major players cover Angus Chemical Company, BASF, etc. The global Polycarbodiimides industry has a rather high concentration. The major manufacturers are concentrated in Europe, North America, Japan, such as Angus Chemical Company, BASF, Stahl, LANXESS. At present, LANXESS is the world leader, holding 21.27% sales market share in 2019.
In 2019, the global Polycarbodiimides consumption market is led by China, accounting for about 18.86% of global consumption of Polycarbodiimides.
Polycarbodiimides downstream is wide and recently Polycarbodiimides has acquired increasing significance in various fields of Paints and Coatings, Printing Ink, Packaging and others. Globally, the Polycarbodiimides market is mainly driven by growing demand for Paints and Coatings. They accounts for nearly 43.78% of total downstream consumption of Polycarbodiimides in 2019.
Polycarbodiimides can be mainly divided into Anti-hydrolysis Agents and Cross-Linking Agents, which Cross-Linking Agents captures about 56.45% of Polycarbodiimides market in 2019.
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Polycarbodiimides Market by Type
o Anti-hydrolysis Agents
o Cross-Linking Agents
Polycarbodiimides Market by Application
o Paints and Coatings
o Printing Ink
o Packaging
o Others
Major Players in the Polycarbodiimides Market
o Angus Chemical Company
o BASF
o Stahl
o Nisshinbo
o DSM
o LANXESS
o Covestro
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