+1(650)-666-4592

Methyl Di-p-phenylene Isocyanate (MDI) Market Size, Industry Analysis Report By type (Guaranteed Reagent, Analytical Reagent, Chemically Pure), By application (Automotive, Construction, Electronics, Furniture and Interiors) & Region Forecasts

Google translate

Captcha * + =
We ensure/ offer complete secrecy of your personal details Privacy
Medical Plastics Market Size, Share and Global Industry Trend Forecast till 2026
  • : Aug, 2020

  • : 100

  • :

    CHOOSE LICENSE TYPE

Global Methyl Di-p-phenylene Isocyanate (MDI) Market- Overview

The Global Methyl Di-p-phenylene Isocyanate (MDI) Market is presently worth USD 1,735 million and is poised to amplify at a CAGR of 3.5% over 2023-2033, thereby amassing a valuation of USD 2,150 million by 2033. A member of the class of chemical compounds known as aliphatic polyisocyanates is the organic molecule methyl di-p-phenylene isocyanate (MDI). It can be utilised in a variety of industrial applications, including paints, adhesives, and insulation foams. The boiling temperatures of the MDIs, which are colourless solids, exceed 300 C. It serves as a constituent in silicone polymer and polyurethane goods such paints, sealants, insulating foams, and coatings. In addition, MDIs are employed in the production of adhesives and medications.

Report Scope

Report Attributes

Description

Market Size in 2023

USD 1,735 Million

Market Forecast in 2033

USD 2,150 Million

CAGR % 2023-2033

9.5%

Base Year

2022

Historic Data

2019-2021

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Type and end user

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

BASF, Bayer MaterialScience, Mitsui Chemicals, DowDuPont, Huntsman International, Lanxess, Evonik Industries, Hebei Cangzhou Dahua Group, Wanhua Chemical Group, Sumitomo Chemical


Over the past few years, the worldwide MDI market has experienced rapid growth, and it is anticipated that this trend will continue throughout the projected period. The worldwide MDI market is being driven by significant factors including rising demand across numerous end-use sectors, constant product introductions by key MDI manufacturers in emerging areas, the popularity of furniture applications, and the expanding automotive industry.

The rising demand for MDI across a variety of industries, including the automotive, building, and electronics sectors, is responsible for the expansion of the global MDI market. Increasing demand for insulating materials as a result of rising energy prices and rising demand from emerging nations are the main factors driving the growth of this market.


Global Methyl Di-p-phenylene Isocyanate (MDI) Market- Key trends

Growing automotive and construction industry will aid the market expansion

The market is projected to increase primarily due to the expanding automotive and construction sectors, particularly in emerging markets like China and India. Because methyl di-p-phenylene isocyanate (MDI) is used as insulation in a variety of products, including air conditioners, refrigerators, freezers, water heaters, and vending machines, growing the electronics and electrical industry is anticipated to boost MDI growth.

Increase use of Rigid polyurethane foams will help the market to grow faster in the upcoming years

In 2013, rigid polyurethane foams accounted for more than half of the world's consumption of MDI, making them the largest application. The majority of industrial applications for rigid foams are in the building, insulation, packaging, refrigeration, and automotive industries. Application-based market segments for MDI include stiff foams, flexible foams, sealants, adhesives, and elastomers.


Global Methyl Di-p-phenylene Isocyanate (MDI) Market- Segmental assessment

Global Methyl Di-p-phenylene Isocyanate (MDI) Market- Geographical landscape

The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Asia-Pacific is projected to capture a substantial revenue share over 2022-2030, due to a shift in automotive manufacturing from European to Asia-Pacific regions.

The Asia Pacific region is the largest consumer of MDI globally, driven by the region's growing construction and automotive industries. The construction industry is the largest consumer of polyurethane foams, which use MDI as a raw material, for insulation and sealing applications. The increasing demand for energy-efficient buildings and infrastructure projects in the region is driving the use of polyurethane foams, which, in turn, is driving the demand for MDI.

In the automotive industry, MDI is used for the production of various components, such as seating, instrument panels, and headrests. The growing demand for lightweight and fuel-efficient vehicles in the region is driving the use of polyurethane foams, which use MDI as a raw material.

Moreover, the furniture industry is also driving the demand for MDI in the Asia Pacific region. MDI is used for the production of flexible and rigid foams, which are used in the production of furniture cushions, mattresses, and bedding products.

Overall, the growing demand for polyurethane foams in various end-use industries, such as construction, automotive, and furniture, is expected to drive the demand for MDI in the Asia Pacific region in the coming years.

Global Methyl Di-p-phenylene Isocyanate (MDI) Market- Competitive landscape

The prominent companies defining the competitive terrain of this marketplace are BASF, Bayer MaterialScience, Mitsui Chemicals, DowDuPont, Huntsman International, Lanxess, Evonik Industries, Hebei Cangzhou Dahua Group, Wanhua Chemical Group, Sumitomo Chemical, among others.

Why to buy this Report?

The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

Business Model

Production Capacity, Revenue, Sales, Gross Margin

Key Business Strategy

SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

Company Share Analysis from 2018-2022

Company Analysis by Revenue and Sales

Company Production Capacity, Gross Margin

Company Share Analysis by Application/End Use

Company Share Analysis by Product/Specification

By type

Guaranteed reagent

Analytical reagent

Chemically pure

Others


By end-user

Automotive

Construction

Electronics

Furniture and interiors

Others


Regions

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Italy

Spain

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Australia

Korea

Rest of Asia pacific

South America

Brazil

Argentina

Colombia

Rest of South America

Middle East & Africa

UAE

Saudi Arabia

Egypt

Oman

Kuwait

South Africa

Rest of MEA


Send Us A Message
Address 401, Niche Facade, Viman Nagar, Pune, Maharashtra 411014
Lets Talk 092945 02887
General Support sales@crediblemarkets.com
Wemarket Reasearch Report
Catheter-Related Bloodstream Infection (CRBSI) -Market Insights, Epidemiology, and Market Forecast-2030
Catheter-Related Bloodstream Infection Market Research Report present a detailed analysis of the market listing Catheter-Related Bloodstream Infection Epidemiology, Drug therapies.
FROM $15000 $12000

Frequently Asked Questions

Faqs Data is not available

Related Reports

Our
Clients

Wemarket Research Report Missing

OOPS! Wemarket Research Report Missing