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Methyl Di-p-phenylene Isocyanate (MDI) Market Size - By type (Guaranteed Reagent, Analytical Reagent, Chemically Pure), By application (Automotive, Construction, Electronics, Furniture and Interiors) & Region – Forecasts By 2023-2033

  • PUBLISHED ON
  • 2023-07-22
  • NO OF PAGES
  • 239
  • CATEGORY
  • Chemicals & Materials

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 2023-2030, 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

2019-2022

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.

Methyl Di-P-Phenylene Lsocyanate (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.

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.

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.

Methyl Di-p-phenylene Isocyanate (MDI) Market- Segmental Assessment

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

1. Global Methyl Di-p-phenylene Isocyanate (MDI) Market Introduction and Market Overview

1.1. Objectives of the Study

1.2. Methyl Di-p-phenylene Isocyanate (MDI)Market Definition & Description

1.3. Global Methyl Di-p-phenylene Isocyanate (MDI)Market Scope and Market Estimation

1.3.1.   Global Methyl Di-p-phenylene Isocyanate (MDI)Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.   Global Methyl Di-p-phenylene Isocyanate (MDI)Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4. Market Segmentation

1.4.1. Type of Global Methyl Di-p-phenylene Isocyanate (MDI)Market

1.4.2. End user of Global Methyl Di-p-phenylene Isocyanate (MDI)Market

1.4.3. Region of Global Methyl Di-p-phenylene Isocyanate (MDI)Market

2. Executive Summary

2.1. Global Methyl Di-p-phenylene Isocyanate (MDI)Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Methyl Di-p-phenylene Isocyanate (MDI)Market Industry Development

2.2. Market Dynamics

2.2.1.   Drivers

2.2.2.   Limitations

2.2.3.   Opportunities

2.2.4.   Impact Analysis of Drivers and Restraints

2.3. Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4. Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5. Porter’s Five Forces Analysis

2.5.1.   Bargaining Power of Suppliers

2.5.2.   Bargaining Power of Buyers

2.5.3.   Threat of Substitutes

2.5.4.   Threat of New Entrants

2.5.5.   Competitive Rivalry

2.6. Value Chain / Ecosystem Analysis

2.7. PEST Analysis

2.8. Russia-Ukraine War Impacts Analysis

2.9. Economic Downturn Analysis

2.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

 

3. Global Methyl Di-p-phenylene Isocyanate (MDI) Market Estimates & Historical Trend Analysis (2020 - 2022)

 

4. Global Methyl Di-p-phenylene Isocyanate (MDI) Market Estimates & Forecast Trend Analysis, by Type

4.1. Global Methyl Di-p-phenylene Isocyanate (MDI) Market Revenue (US$ Mn) Estimates and Forecasts, by Type, 2023 to 2033

4.1.1. Guaranteed reagent

4.1.2. Analytical reagent

4.1.3. Chemically pure

 

5. Global Methyl Di-p-phenylene Isocyanate (MDI) Market Estimates & Forecast Trend Analysis, by End user

5.1. Global Methyl Di-p-phenylene Isocyanate (MDI)Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

5.1.1.   Automotive

5.1.2.   Construction

5.1.3.   Electronics

5.1.4.   Furniture and interiors

 

6. Global Methyl Di-p-phenylene Isocyanate (MDI) Market Estimates & Forecast Trend Analysis, by Region

6.1. Global Methyl Di-p-phenylene Isocyanate (MDI)Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2023 to 2033

6.1.1.   North America

6.1.2.   Europe

6.1.3.   Asia Pacific

6.1.4.   Middle East & Africa

6.1.5.   South America

 

7.     North America Methyl Di-p-phenylene Isocyanate (MDI) Market: Estimates & Forecast Trend Analysis

7.1. North America Methyl Di-p-phenylene Isocyanate (MDI)Market Assessments & Key Findings

7.1.1. North America Methyl Di-p-phenylene Isocyanate (MDI)Market Introduction

7.1.2. North America Methyl Di-p-phenylene Isocyanate (MDI)Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

7.1.2.1.  By Type

7.1.2.2.  By End user

7.1.2.3.  By Country

7.1.2.3.1. The U.S.

7.1.2.3.2. Canada

7.1.2.3.3. Mexico

 

8. Europe Methyl Di-p-phenylene Isocyanate (MDI) Market: Estimates & Forecast Trend Analysis

8.1. Europe Methyl Di-p-phenylene Isocyanate (MDI) Market Assessments & Key Findings

8.1.1.  Europe Methyl Di-p-phenylene Isocyanate (MDI)Market Introduction

8.1.2.  Europe Methyl Di-p-phenylene Isocyanate (MDI)Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

8.1.2.1.  By Type

8.1.2.2.  By End user

8.1.2.3.  By Country

8.1.2.3.1. Germany

8.1.2.3.2. U.K.

8.1.2.3.3. France

8.1.2.3.4. Italy

8.1.2.3.5. Spain

8.1.2.3.6. Russia

8.1.2.3.7. Rest of Europe

 

9. Asia Pacific Methyl Di-p-phenylene Isocyanate (MDI) Market: Estimates & Forecast Trend Analysis

9.1. Asia Pacific Market Assessments & Key Findings

9.1.1.   Asia Pacific Methyl Di-p-phenylene Isocyanate (MDI)Market Introduction

9.1.2.   Asia Pacific Methyl Di-p-phenylene Isocyanate (MDI)Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

9.1.2.1.  By Type

9.1.2.2.  By End user

9.1.2.3.  By Country

9.1.2.3.1. China

9.1.2.3.2. Japan

9.1.2.3.3. India

9.1.2.3.4. Australia

9.1.2.3.5. South Korea

9.1.2.3.6. ASEAN

9.1.2.3.7. Rest of Asia Pacific

 

10. Middle East & Africa Methyl Di-p-phenylene Isocyanate (MDI) Market: Estimates & Forecast Trend Analysis

10.1. Middle East & Africa Market Assessments & Key Findings

10.1.1. Middle East & Africa Methyl Di-p-phenylene Isocyanate (MDI)Market Introduction

10.1.2. Middle East & Africa Methyl Di-p-phenylene Isocyanate (MDI)Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

10.1.2.1.   By Type

10.1.2.2.   By End user

10.1.2.3.   By Country

10.1.2.3.1. U.A.E.

10.1.2.3.2. Saudi Arabia

10.1.2.3.3. Egypt

10.1.2.3.4. South Africa

10.1.2.3.5. Rest of Middle East & Africa

 

11. South America Methyl Di-p-phenylene Isocyanate (MDI) Market: Estimates & Forecast Trend Analysis

11.1.  South America Market Assessments & Key Findings

11.1.1. South America Methyl Di-p-phenylene Isocyanate (MDI)Market Introduction

11.1.2. South America Methyl Di-p-phenylene Isocyanate (MDI)Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

11.1.2.1. By Type

11.1.2.2. By End user

11.1.2.3. By Country

11.1.2.3.1. Brazil

11.1.2.3.2.  Argentina

11.1.2.3.3. Colombia

11.1.2.3.4. Rest of South America

 

12.  Competition Landscape

12.1. Global Methyl Di-p-phenylene Isocyanate (MDI)Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2. Global Methyl Di-p-phenylene Isocyanate (MDI)Market Concentration & Company Market Shares (%) Analysis, 2022

 

13.  Company Profiles

13.1.  RASF

13.1.1. Company Overview & Key Stats

13.1.2. Financial Performance & KPIs

13.1.3. Product Portfolio

13.1.4. Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

13.2.  Bayer MaterialScience

13.3.   Mitsui Chemicals

13.4.   DowDuPont

13.5.   Huntsman International

13.6.   Lanxess

13.7.   Evonik Industries

13.8.   Hebei Cangzhou Dahua Group

13.9.   Wanhua Chemical Group

13.10.    Sumitomo Chemical

13.11.   Others**

 

14. Research Methodology

14.1. External Transportations / Databases

14.2. Internal Proprietary Database

14.3. Primary Research

14.4. Secondary Research

14.5. Assumptions

14.6.  Limitations

14.7.  Report FAQs

 

15. Research Findings & Conclusion

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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Frequently Asked Questions

What is the market size and growth projections?

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 2023-2030, thereby amassing a valuation of USD 2,150 million by 2033.

What are the drivers shaping various markets?

The market is projected to increase primarily due to the expanding automotive and construction sectors, particularly in emerging markets like China and India.

Who are the key competitors of market Players?

Some of the major players operating within the market are BASF, Bayer MaterialScience, Mitsui Chemicals, DowDuPont, Huntsman International, Lanxess, Evonik Industries, Hebei Cangzhou Dahua Group, Wanhua Chemical Group, Sumitomo Chemical, among others.

What are the top performing segments, and countries / regions of each of the markets?

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.

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