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2019 Methylene Diphenyl di-isocyanate (MDI) Market Outlook by Market Size, Business Plans | Growth Rate by Top Key Players and Regions Forecast to 2024

Methylene Diphenyl di-isocyanate (MDI)

This “Methylene Diphenyl di-isocyanate (MDI) Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Methylene Diphenyl di-isocyanate (MDI) market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • The market for Methylene Diphenyl di-isocyanate (MDI) is expected to grow at a CAGR of 5.15% during the forecast period of 2019-2024. Major factors driving the market studied are the unique features and functional versatility of the product and increasing utilization of polyurethane foams for insulation. However, the market faces few challenges, such as skin and respiratory tract irritation, asthma, and dermatitis, due to the excessive exposure of MDI.
  • – By application, rigid foam segment accounted for the largest market share (34.21%) in 2018 and is expected to grow during the forecast period owing to the fact that these foams have good thermal insulation properties and are used in the manufacturing of freezers & refrigerators, and in building and automotive applications.
  • – Phosgene-free MDI production process is likely to act as an opportunity in the future.
  • – Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China, Japan and South Korea.<

    Methylene Diphenyl di-isocyanate (MDI) Market Covers Manufacturers:

  • BASF SE
  • Covestro
  • DowDuPont
  • Everchem Specialty Chemicals
  • Huntsman International LLC
  • Jilin Connell Chemical Industry Co. Ltd
  • Kumho Mitsui Chemicals
  • Lanxess
  • Sadara Chemical Company
  • Tosoh
  • Wanhua Chemical Group Co.,Ltd

    Scope of the Report:

  • This report studies the global Methylene Diphenyl di-isocyanate (MDI) market size, industry status and forecast, competition landscape and growth opportunity.

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    Key Market Trends:

    Construction End-user Segment to Dominate the Market

    – Buildings & construction is the largest end-user industry for the MDI market, where it is used in various household, commercial, and industrial applications.
    – One of the largest applications is the usage of rigid PU foam as wall and roof insulation, insulated panels, and gap fillers for the space around doors and windows. Polyiso laminate board stock, used primarily in roofing and wall insulation, accounts for the majority share of total rigid PU foam in construction applications. Some rigid PU foams can be applied to seal gaps and cover irregular shapes. Such foams include spray, pour-in-place, and one-component foams.
    – The environmental benefits of rigid PU foam are significant, and include increased energy efficiency and reduced project weight. Given the widespread use of rigid PU foam in construction, these savings are multiplying at an increasing rate, worldwide.
    – The upcoming infrastructural projects (especially in the emerging economies), such as roadways, bridges, storage tanks, warehouses, and other buildings, are expected to offer the global market a new avenue for growth.
    – Promotion of zero energy buildings continue to be the major drivers for the PU market, thereby driving the MDI market in the construction industry. Numerous buildings are poorly insulated in Asia, especially in the developing markets of Southeast Asia, China, and India, thus depicting immense growth potential for thermal insulation materials in buildings.

    Asia-Pacific Region to Dominate the Market

    – Asia-Pacific region dominated the global market share in 2018. With the increasing demand from the industries such as construction, furniture, electronic appliances and automotive in countries such as China, India, and Japan, the usage of MDI is increasing in the region. In Asia-Pacific, China provides the major market for the MDI of the regional market.
    – MDI is primarily used for polyurethane, in China and the country is the world’s largest producer and consumer of polyurethane products. China’s demand for polyurethane products account for more than 45% of global demand in 2018, and is expected to maintain a growth rate of around 10% over the next couple years.
    – The Chinese central government expects that the country’s automobile output will reach 30 million units by 2020, and 35 million by 2025. As polyurethanes are widely used in car manufacturing and offers benefits in terms of comfort, protection, and energy conservation, it is speculated that this huge growth will have a positive impact on the MDI market in China.
    – In 2018, Shengxiang Polyurethane Polymer Material built a 15 kilo metric ton/year polyurethane flexible foam plant in Meishan, Sichuan province. This new production capacity, along with the growing demand for polyurethane, will maintain China’s position as the leader in the MDI market. With these developments, the China Methylene Diphenyl di-isocyanate (MDI) market is expected to experience robust growth over the forecast period.
    – Overall, with the consistent growth in the countries like China, India and Japan, the demand for Methylene Diphenyl di-isocyanate (MDI) is expected to increase at a faster pace in the overall region, in the coming years. The huge growth of Asia-Pacific is quite instrumental in expansion of the global Methylene Diphenyl di-isocyanate (MDI) market.

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    Target Audience of Methylene Diphenyl di-isocyanate (MDI) Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Methylene Diphenyl di-isocyanate (MDI) Market Report:

    • Analyzing various perspectives of the Methylene Diphenyl di-isocyanate (MDI) market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Methylene Diphenyl di-isocyanate (MDI) market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Methylene Diphenyl di-isocyanate (MDI) market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Methylene Diphenyl di-isocyanate (MDI) market studied, during the forecast period
    • The segments that are expected to dominate the Methylene Diphenyl di-isocyanate (MDI) market studied.

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