The global Diphenylmethane Diisocyanate (MDI) market size was USD 28.26 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period, according to latest analysis by Emergen Research. Growing adoption of diphenylmethane diisocyanate in the construction industry is the key factor driving market revenue growth.
Global Diphenylmethane Diisocyanate Market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Diphenylmethane Diisocyanate Market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Diphenylmethane Diisocyanate Market
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Rising growth of the construction sector across the world creates high demand for MDI, which is used for production of rigid polyurethane foam and has a wide application in the construction industry. It is used in insulated panels, roof installation, and filling gaps around windows and doors. Rigid polyurethane foams, such as spray, pour-in-place, and one-component foams, can be used to fill gaps and cover complex shapes. Rigid polyurethane foam has significant environmental benefits including increased energy efficiency and lower construction load.
Some Key Highlights From the Report
The adhesive and sealant segment is expected to register a steady revenue growth rate over the forecast period due to increasing demand for Diphenylmethane Diisocyanate (MDI) for production of adhesive and sealant. MDI is widely used for production of adhesive and sealants that are useful for industrial and other applications. For example, Covestro, a chemical company produces an aromatic polyisocyanate prepolymer DESMODUR E 210, which is MDI-based and applied in reactive adhesives and sealants for various applications in furniture and construction.
The furniture & interiorssegment revenue is expected to increase at a steady rate over the forecast period due to the rising demand for diphenylmethane diisocyanate in furniture and interiors MDI is used for production of flexible foams that are applied in various furniture and interior applications. Flexible foam is a cushioning material used to manufacture upholstered furniture that is fashionable and durable. It is a good flame retardant that is ideal for mattresses, pillows, couches, chairs, and other home or office furniture cushioning.
The North America market is expected to register a steady growth rate during the forecast period due to rising adoption of diphenylmethane diisocyanate in construction and automotive applications. Rising growth of automotive and construction sectors in countries across the region, especially the U.S., is creating ample opportunities for the market. According to a research, the construction industry added USD 900 billion to the U.S. economy in the first three months of 2020.
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Diphenylmethane Diisocyanate Market : Competitive Landscape
The prominent players operating in the Diphenylmethane Diisocyanate Market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Diphenylmethane Diisocyanate Market.
Some major companies in the global market report include BASF SE, Dow Chemical Company, Huntsman Corporation, Covestro AG., Everchem Specialty Chemicals, Wanhua Chemical Group Co., Ltd., Kumho Mitsui Chemicals, Lanxess AG., Tosoh Corporation, Hexion Inc., and TCI Chemicals (India) Pvt. Ltd.
Global Diphenylmethane Diisocyanate Market Segmentation
Emergen Research has segmented the global Diphenylmethane Diisocyanate (MDI) market based on product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)
Application Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)
Adhesive & Sealant
End-Use Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)
Furniture & Interiors
Electronics & Appliances
Rubber and Plastic
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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Why should you buy this Diphenylmethane Diisocyanate Market report?
The study paper dissects the total market potential of major regions with strengths, opportunity and challenge, constraints, and dangers.
By identifying the high-improvement locations, the study inspects the open entryways, keeping an eye out for accomplices.
It examines each submarket in terms of a single improvement design and its contribution to the market.
It examines the recent developments, such as advancements, business strategies, new product releases, and acquisitions.
It purposefully profiles the major market players and thoroughly investigates their advancement strategies.
Table of Content Highlights :
Chapter 1.Methodology & Sources
Chapter 2. Executive Summary
Chapter 3. Key Insights
Chapter 4. Diphenylmethane Diisocyanate (MDI) Market Segmentation & Impact Analysis
Chapter 5. Diphenylmethane Diisocyanate (MDI) Market By Product Type Insights & Trends, Revenue (USD Million) (Kilo Tons)
Chapter 6. Diphenylmethane Diisocyanate (MDI) Market By Application Insights & Trends, Revenue (USD Million) (Kilo Tons)
Chapter 7. Diphenylmethane Diisocyanate (MDI) Market By End-Use Insights & Trends, Revenue (USD Million) (Kilo Tons)
Chapter 8. Diphenylmethane Diisocyanate (MDI) Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
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