Worldwide Sales of Diphenylmethane Diisocyanate MDI Products Are Anticipated To Increase At A CAGR of 5% Over 2032

The market for diphenylmethane diisocyanate (MDI) at US$ 27.8 billion in 2022 and forecasts it to surpass US$ 45 billion by the end of 2032. Worldwide sales of MDI products are anticipated to increase at a CAGR of 5% over the next ten years.

Rising demand for polyurethane in several industries such as automotive, furniture, and packaging is anticipated to be a major prospect that will drive the demand for diphenylmethane diisocyanate over the coming years since it is used for polyurethane foam production.

Download Free Sample Copy of This Report:

https://www.factmr.com/connectus/sample?flag=S&rep_id=7842

Increasing use of diphenylmethane diisocyanate in the production of polyurethane foams and rising demand for these foams in several industry verticals such as automotive, construction, etc., is anticipated to be a prime driver for the diphenylmethane diisocyanate market going forward. Increasing construction activity in emerging economies and growing automotive production across the world are also anticipated to supplement market growth in the future.
On the contrary, fluctuations in raw material prices and shortage of raw materials to produce diphenylmethane diisocyanate are factors that are anticipated to inhibit market growth to some extent.

Key Takeaways from Market Study

• At present, the diphenylmethane diisocyanate market is valued US$ 27.8 billion.

• From 2022 to 2032, demand for diphenylmethane diisocyanate is estimated to rise at 5% CAGR.

• The global market is expected to be valued at US$ 45.3 billion by 2032-end.

• Growing demand for climate-friendly diphenylmethane diisocyanate products, increasing use in the construction industry for insulation, rising demand for polyurethane foam production, and growing use in the sealants and coatings industry are prime factors that are expected to drive market progress over the coming years.

• Demand for diphenylmethane diisocyanate in China is predicted to increase at 6.5% CAGR through 2032.

• Harmful effects on human health upon exposure, ingestion, and inhalation are expected to impede market growth in the long term. Fluctuations in raw material pricing and shortage of the same are also expected to hurt market expansion.

• Currently, the United States diphenylmethane diisocyanate market accounts for a volume of 1.4 million metric tons.

• Demand for rigid foams is expected to rise at 6.1% CAGR from 2022 to 2032.

Share Your Requirements & Get Customized Reports :

https://www.factmr.com/connectus/sample?flag=S&rep_id=7842

Key Companies Profiled

• BASF SE
• Huntsman International LLC
• Bayer
• Jilin Connell Chemical Industry Co.
• Karoon Petrochemical Company
• Lanxess AG
• Kumho Mitsui Chemicals Corporation
• Covestro AG
• Sumitomo Chemical Company Limited
• Sadara Chemical Company
• TCI Chemicals Pvt. Ltd.
• The Dow Chemical Company
• Tosoh Corporation
• Merck KGaA
• Redox Pty Ltd.

Segmentation of MDI Industry Research

• By Product Type:

o Monomeric MDI
o Polymeric MDI
o Modified MDI

• By Application:

o Rigid Foams
o Flexible Foams
o Coatings
o Elastomers
o Adhesives & Sealants
o Other Applications

• By End-use Industry:

o Construction
o Furniture & Interiors
o Automotive
o Electronics & Appliances
o Rubber & Plastics
o Footwear
o Other Industries

• By Region:

o North America
o Latin America
o Europe
o APAC
o MEA

Choose Quick and Secure PayPal Payment Mode to Get Full Access of This Report -

https://www.factmr.com/checkout/7842

Recent Developments & Winning Strategies

Prime companies in the diphenylmethane diisocyanate industry are investing in the expansion of their production capacity to meet the high demand and are also eyeing mergers and acquisitions to strengthen their stance in the global marketplace.

• In May 2022, Wanhua Chemical, a leading producer of MDI in China announced the initiation of a new project that will increase its production of diphenylmethane diisocyanate by 300,000 tons per year.

• In January 2021, Huntsman Corporation, a renowned name in the chemical industry announced the acquisition of Gabriel Performance Products, a U.S-based specialty chemical manufacturer. Through this, Huntsman has expanded its production capacity and product portfolio and thereby strengthening its position in the global marketplace.

Explore Fact.MR's More Insights on the Chemical And Materials Domain

Chlor-Alkali Market : https://www.prnewswire.co.uk/news-releases/worldwide-chlor-alkali-production-to-surpass-500-million-tons-by-2031-from-under-400-million-ton-in-2020-863519054.html

Biosolids Market : https://www.prnewswire.com/news-releases/biosolids-continue-to-replace-chemical-fertilizer-demand-to-surpass-us-2-4-billion-by-2031--301402235.html

Table of Content

1. Global Diphenylmethane Diisocyanate Market - Executive Summary

1.1. Global Market Overview
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Fact.MR Analysis and Recommendations

2. Global Diphenylmethane Diisocyanate Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Introduction and Definition

3. Market Risks and Trends Assessment

3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Diphenylmethane Diisocyanate
3.1.2. COVID-19 Crisis and Impact on Aprotic Solvent Prices
3.1.3. COVID-19 Impact Benchmark with Previous Crisis
3.1.3.1. Change in Diphenylmethane Diisocyanate Demand
3.1.3.2. Before and After COVID-19 Crisis (Projected)
3.1.3.3. Before and After Sub-prime Crisis - 2008 (Actual)
3.1.3.4. Change in Demand post Recovery Period (After Each Crisis)
3.1.4. Impact on Market and Value (US$ Mn)
3.1.4.1. Likely Loss of Value in 2020
3.1.4.2. Mid-term and Long Term Forecast
3.1.4.3. Quarter by Quarter Demand and Recovery Assessment
TOC Contd…..

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.