Market Snapshot

Fueled by the strong demand for isocyanate polyurethane foam, global isocyanate sales have surged significantly over the past couple of years. The global isocyanates market is expected to post a compound annual growth rate of 7.03% during the assessment period (2018-2023). A tremendous growth of end-use industries, especially construction and automotive is providing an impetus to the market. Emerging economies are likely to play an important role in propelling the market forwards during the review period. Rising consciousness about environment and increased focus on innovation paving the way for market players.

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Companies Covered

Asahi Kasei Corporation
Metsui Chemicals America
Evonik Industries AG
LANXESS
DowDuPont
Tosoh Corporation
Huntsman International LLC
Wanhua Chemical Group Co. Ltd
Anderson Development
China National Bluestar
Research Methodology

Market Research Future implements a range of cautiously chosen methods to create a robust research model. Focusing on veracity, the expert analysts use primary methods such as first-hand interviews with industry decision makers to get an inside look at the industry. After this, the findings from primary methods are affirmed by secondary research methods such as annual reports, SEC filings, and others. To ensure transparency in order to provide reliable market reports, the experts integrate top-down and bottom-up approaches into the research model. This allows data analysts to provide confirmation of many vital market figures to the clients. These figures are then used to provide logical analysis accompanied with apposite industry insights.

Detailed Regional Analysis :

The regional analysis of Isocyanates Market encompasses regions such as Europe, Asia Pacific, North America, Latin America, Middle East, and Africa. The Asia Pacific region controlled the isocyanates market with a market share of47.80% in 2017. The market in the region is likely to expand at the highest CAGR of 7.68% to reach USD18,800.4 million by the conclusion of the forecast period in 2023. The rapid industrialization and urbanization in developing economies such as India, China, and South Korea are primary drivers motivating the isocyanates market in this region. The accelerated growth pace expected in the automotive industry in China and India is expected to stimulate the product demand in the Asia Pacific region. Furthermore, due to the intensifying per capita disposable income, there has been an upsurge in the consumer spending on items such as bedding, furniture, and upholstery, which is projected to lift the demand for the isocyanates in the furnishing industry in the region. The European region was the next principal market in 2017 and was valued at USD 5,788.0 million. The European region is anticipated to display a CAGR of 5.97% in the forecast period. The market in the North American region is expected progress at a CAGR of 6.57% in the forecast period.

Segmental Analysis :

The segmentation of the isocyanates market is carried out on the basis of types, application, end use, and region. The segmentation of the isocyanates market is carried out on the basis of aromatic diisocynates, aliphatic and others. The aromatic diisocynates segment is further segmented into MDI and TDI. On the basis of application, the isocyanates market is segmented into rigid foam, flexible foam, paints & coatings, adhesive & sealants, elastomers, binders, and others. The end user segment of the isocyanates market comprises of building & construction, furniture, automotive, packaging, electronics, footwear, and others. The regions covered in the isocyanates market globally are Europe, Asia Pacific, North America, Latin America, Middle East, and Africa.

Intended Audience:

Isocyanate market manufacturers
Traders and distributors of isocyanate market
Production process Industries
Potential investors
Raw material suppliers
Nationalized laboratory