Isocyanates are chemicals that belong to highly reactive and low molecular weight chemical family. They are used extensively in the manufacture of rigid and flexible foams, fibers, coatings such as varnishes and paints. Spray-on polyurethane products that contain isocyanates are developed for a wide range of retail, commercial, and industrial uses to protect the wood, fiberglass, cement, steel, and aluminum, including protective coatings for truck beds, foundations, trailers, boats, and decks.
MARKET DYNAMICS
The isocyanate market has witnessed a significant growth owing to factors such as increasing demand from construction and automotive industries owing to its highly reactive chemical property. Additionally, they are also used in the production of rigid foams, adhesives, elastomers, and coatings. This further propels the growth of the isocyanate market over the forecast period. Moreover, the rising demand from the Asia Pacific region due to rapid industrialization in India and China provides a huge market opportunity for the key players operating in the isocyanate market. However, high raw material costs and initial investments required in R&D and technology are projected to hamper the overall growth of the isocyanate market.
MARKET SCOPE
The "Global Isocyanate Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the isocyanate market with detailed market segmentation by type, application and geography. The global isocyanate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading isocyanate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global isocyanate market is segmented on the basis of type and application. Based on type the global isocyanate market is divided into MDI, TDI, aliphatic isocyanate, and others. On the basis of application the market is bifurcated into rigid foams, flexible foams, paints and coatings, elastomers and binder, adhesives and sealants, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global isocyanate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The isocyanate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the isocyanate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the isocyanate market in these regions.
MARKET PLAYERS
The reports cover key developments in the isocyanate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from isocyanate market are anticipated to lucrative growth opportunities in the future with the rising demand for Isocyanate in the global market. Below mentioned is the list of few companies engaged in the Isocyanate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the isocyanate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Asahi Kasei Chemicals Corp.
- BASF SE
- Bayer MaterialScience AG
- Chemtura Corporation
- Dow Chemical Company
- Evonik Industries
- Hebei Cangzhou Dahua Group Co. Ltd.
- Huntsman International Llc
- Kumho Mitsui Chemicals Inc.
- Mitsui Chemicals Inc.