Methylene Diphenyl Diisocyanate Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Type (Polymeric MDI, Pure MDI & Modified MDI), By Application Type (Rigid Foams, Flexible Foams, CASE Systems & Others), By End-use Industry (Electronic Appliances, Building & Construction, Transportation & Others) By Region, and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMethylene Diphenyl Diisocyanate Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Type (Polymeric MDI, Pure MDI & Modified MDI), By Application Type (Rigid Foams, Flexible Foams, CASE Systems & Others), By End-use Industry (Electronic Appliances, Building & Construction, Transportation & Others) By Region, and Competition
China's construction work sector is growing steadily, reaching a total output value of around USD 3.71 trillion in 2021.
The manufacturing of rigid polyurethane foam, used in various industries, including construction, insulation, refrigeration, and packaging, is predicted to increase demand for methylene diphenyl diisocyanate over the forecast period. For the forecast, expanding end-use industries are anticipated to drive the market. Demand for MDI is anticipated to be driven by rising isocyanate-containing product usage throughout the projected period. For the forecast period, rising polyurethane demand is anticipated to fuel the market. Throughout the projection period, the product's distinctive features and practical adaptability are expected to grow the market. The MDI market is expected to be constrained over the forecast period since excessive exposure to MDI can cause dermatitis, asthma, and rashes on the skin and respiratory tract.
The global electronic market is worth over US$ 2 trillion, with India accounting for the highest share with a market worth US$ 118 billion and projected to grow to US$ 125 billion by 2025, according to Invest India.
Growing Demand of Polyurethane
Methylene diphenyl diisocyanate is one of the primary isocyanates used in synthesizing polyurethanes, which are produced by reacting isocyanates with polyols (MDI). There are two different varieties of polyurethanepolyurethane elastomers and polyurethane foams. Both stiff and flexible foams have uses in various industries, including mattresses, automobiles, and furniture, which leads to a market for the products. MDI chemicals are employed in several industrial and consumer applications, including those involving transportation, rubber and plastic products, paints and coatings, lubricants, and greases. In addition to their common functions as commercial applicators to insulate building walls and roofs, they can also be used to create molds, create sculptures for art exhibitions, and design movie and theater sets. Concrete, walls, and floors can all be waterproofed and sealed with polyurethane coatings. One of the most often used uses for PUs in building and construction is protective coatings. They are used in creating many industrial and consumer goods, including wood flooring, basements, structures, and bridges.
Growing Demand from Automotive Industry
The China Association of Automobile Manufacturers reports that between January 2021 and September 2021, production and sales of new energy cars climbed by 11.6%.
Recent Developments
In February 2022, Covestro AG launched a climate-neutral MDI. Covestro used alternative raw materials based on plant waste assigned to the products with the aid of certified mass balancing by ISCC PLUS to make the new MDI climate neutral. Numerous applications in the construction, cold chain, and automotive industries are possible for the new MDI grades.
In April 2021, Kumho Mitsui Chemicals Inc. increased the manufacturing capacity of its facility in Yeosu, Jeonnam, South Korea, from 410,000 tonnes per year to 610,000 tonnes per year, an increase of 200,000 metric tonnes per year (m.t./yr) of MDI
Market Segmentation
The global Methylene Diphenyl Diisocyanate market is segmented by type, by application type, and by end use.
Market players
Wanhua Chemical Group Co. Ltd., Covestro AG, DowDuPont Inc., Kumho Mitsui Chemicals Inc., Tosoh Corporation, BASF SE, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Wanhua-BorsodChem, and Sadara Chemical Company are some of the key market players.
|
Attribute |
Details |
|
Base Year
|
2022 |
|
Historic
Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
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Quantitative
Units |
Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022
and 2023-2028 |
|
Report Coverage |
Revenue
forecast, Volume Forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments Covered |
·
Type ·
Application Type ·
End Use |
|
Regional
scope |
North
America; Europe; Asia Pacific; South America; Middle East & Africa |
|
Country
scope |
United States, Canada, Mexico; China, India, Japan, South
Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil, South
Africa, UAE, Saudi Arabia, Turkey, and Egypt. |
|
Key
companies profiled |
Wanhua
Chemical Group Co. Ltd., Covestro AG, DowDuPont Inc., Kumho Mitsui Chemicals
Inc., Tosoh Corporation, BASF SE, Gujarat Narmada Valley Fertilizers &
Chemicals Ltd., Wanhua-BorsodChem, and Sadara Chemical Company |
|
Customization
scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
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