Isocyanate Market 2018 to 2023 | Application, Types & Regional Analysis

Posted by Priya on May 30th, 2018

Isocyanate is a functional group having the formula R-N=C=O. It is a class of highly reactive chemicals. The global isocyanate market is expected to register a significant growth during the forecast period. The isocyanate is extensively used in the production of a wide range of products such as insulating materials, chemicals, polyurethane foams, car seats, mattresses, packaging materials, and adhesives among others. The growing urbanization and industrialization in the developing regions across the globe are expected to boost the market during the forecast years. The global isocyanate market is anticipated to grow at a CAGR of over 6% during the forecast period. The growing use of rigid foams, flexible foams, paints and coatings among others makes it ideal for the automobile and building & construction industry, which is a major factor driving the market positively.

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Key Players

Some of the prominent players operating in the Global isocyanate market are  Ashai Kasei (Japan), BASF SE (Germany), Bayer MaterialScience (Germany), Chemtura Corporation (U.S.), Dow Chemical Company ( U.S.), Evonik Industries (Germany), Hebei Cangzhou Dahua Group Co. Ltd (China), Huntsman Corporation (U.S.), Kumho Mitsui Chemicals Inc ( South Korea), Mitsui Chemicals Inc ( Japan), Vencorex (France), and Yantai Wanhua Polyurethanes Co. Ltd. (China)

Geographical Analysis

The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Intended Audience

• Isocyanate   market manufacturers
• Traders and Distributors of Isocyanate market
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory 

Among the various application type in isocyanate market, rigid foam is anticipated to grow at an expanding CAGR followed by the flexible foam segment. Among the type segment, methylene diphenyl diisocyanate is mainly used in the production of rigid polyurethane foams and is also used in other applications such as paints & coatings, sealants and adhesives, and elastomers. Toluene diisocyanate product type segment is mainly used in the manufacturing of flexible polyurethane foams. The automotive, building & construction and electronic industry are the major end-use industries driving the growth of the global market.

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Segmental Analysis

Isocyanate is a functional group having the formula R-N=C=O. It is a class of highly reactive chemicals. The global isocyanate market is expected to register a significant growth during the forecast period. The isocyanate is extensively used in the production of a wide range of products such as insulating materials, chemicals, polyurethane foams, car seats, mattresses, packaging materials, and adhesives among others. The growing urbanization and industrialization in the developing regions across the globe are expected to boost the market during the forecast years. The global isocyanate market is anticipated to grow at a CAGR of over 6% during the forecast period. The growing use of rigid foams, flexible foams, paints and coatings among others makes it ideal for the automobile and building & construction industry, which is a major factor driving the market positively.