Global Isocyanates Market Size study & Forecast, by Type, by Application, by End-Use and Regional Analysis, 2023-2030

Description

List of Tables

Global Isocyanates Market is valued at approximately USD 29.3 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.03% over the forecast period 2023-2030. The isocyanates refer to chemical compounds used in the production of polyurethane materials, such as foams, coatings, adhesives, and sealants. The Isocyanates market is expanding because of factors such as increasing construction activities and rising demand of automobiles. Moreover, the rising automotive industry has a significant impact on the isocyanates market, increasing demand for polyurethane materials in the production of lightweight components, foams, and coatings.

According to Statista in 2021, the global automotive manufacturing market had a value of approximately USD 2.86 trillion and reached around USD 2.95 trillion in 2022. Moreover, car sales grew to around 67.2 million automobiles in 2022, up from around 66.7 million units in 2021. Furthermore, the increasing demand from the construction industry has a significant impact on the isocyanates market, as isocyanates are widely used in the production of polyurethane materials for construction applications such as insulation, coatings, adhesives, and sealants. According to Statista in 2023, the global construction industry is anticipated to reach a value of USD 14.4 trillion in 2030, showing significant growth from its 2020 value of USD 6.4 trillion. In addition, advancements in formulation of isocyanates and increasing focus on energy efficient solutions would create a lucrative growth opportunity. However, growing environmental & health concerns and complex manufacturing processes stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Isocyanates Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific dominates the market during the forecast period owing to the increase construction activities, and rising number of automobiles in the region. North America is the fastest growing region during the forecast period, owing to factors such as growing emphasis on energy efficient solutions and increase in stringent environmental restrictions is expected to further increase the market growth in the region.

Major market player included in this report are:

Asahi Kasei Corporation
Stahl Holdings B.V.
Badische Anilin & Sodafabrik (BASF) SE
Cangzhou Dahua Co., Ltd
Chemtura Corporation
Yantai Wanhua Polyurethanes Co. Ltd.
Mitsui Chemicals Inc.
Dow, Inc.
Huntsman Corporation
Kumho Mitsui Chemicals Inc

Recent Developments in the Market:

In July 2022, BASF is completing the final phase of the expansion project for its Verbund facility in Geismar, Louisiana's methylene diphenyl diisocyanate plant. BASF raise its production capacity to 600,000 metric tonnes per year by the middle of the decade with this third phase of its multiphase capacity development, supporting the continuous growth of its North American MDI clients. The company began the expansion project in 2018 with a phased approach that included three investment rounds. The last expansion phase, from 2022 to 2025, will cost $780 million.

Global Isocyanates Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Application, End-Use, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Aromatic Diisocyanate
Aliphatic

By Application:

Rigid Foam
Flexible Foam,
Adhesives & Sealants
Paints and Coatings
Elastomers
Binders
Others

By End-Use:

Building & Construction
Automotive
Furniture
Footwear
Electronics
Packaging
Others

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Isocyanates Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Isocyanates Market, by Type , 2020-2030 (USD Billion)
- 1.2.3. Isocyanates Market, by Application , 2020-2030 (USD Billion)
- 1.2.4. Isocyanates Market, by End-Use , 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Isocyanates Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Isocyanates Market Dynamics

3.1. Isocyanates Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing construction activities
  - 3.1.1.2. Rising demand of automobiles
- 3.1.2. Market Challenges
  - 3.1.2.1. Growing environmental and health concerns
  - 3.1.2.2. Complex Manufacturing Processes
- 3.1.3. Market Opportunities
  - 3.1.3.1. Advancements in formulations of isocyanates
  - 3.1.3.2. Increasing focus on energy efficient solutions

Chapter 4. Global Isocyanates Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Isocyanates Market, by Type

5.1. Market Snapshot
5.2. Global Isocyanates Market by Type , Performance - Potential Analysis
5.3. Global Isocyanates Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Isocyanates Market, Sub Segment Analysis
- 5.4.1. Aromatic Diisocyanate
- 5.4.2. Aliphatic

Chapter 6. Global Isocyanates Market, by Application

6.1. Market Snapshot
6.2. Global Isocyanates Market by Application , Performance - Potential Analysis
6.3. Global Isocyanates Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Isocyanates Market, Sub Segment Analysis
- 6.4.1. Rigid Foam
- 6.4.2. Flexible Foam,
- 6.4.3. Adhesives & Sealants
- 6.4.4. Paints and Coatings
- 6.4.5. Elastomers
- 6.4.6. Binders
- 6.4.7. Others

Chapter 7. Global Isocyanates Market, by End-Use

7.1. Market Snapshot
7.2. Global Isocyanates Market by End-Use , Performance - Potential Analysis
7.3. Global Isocyanates Market Estimates & Forecasts by End-Use 2020-2030 (USD Billion)
7.4. Isocyanates Market, Sub Segment Analysis
- 7.4.1. Building & Construction
- 7.4.2. Automotive
- 7.4.3. Furniture
- 7.4.4. Footwear
- 7.4.5. Electronics
- 7.4.6. Packaging
- 7.4.7. Others

Chapter 8. Global Isocyanates Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Isocyanates Market, Regional Market Snapshot
8.4. North America Isocyanates Market
- 8.4.1. U.S. Isocyanates Market
  - 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. End-Use breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Isocyanates Market
8.5. Europe Isocyanates Market Snapshot
- 8.5.1. U.K. Isocyanates Market
- 8.5.2. Germany Isocyanates Market
- 8.5.3. France Isocyanates Market
- 8.5.4. Spain Isocyanates Market
- 8.5.5. Italy Isocyanates Market
- 8.5.6. Rest of Europe Isocyanates Market
8.6. Asia-Pacific Isocyanates Market Snapshot
- 8.6.1. China Isocyanates Market
- 8.6.2. India Isocyanates Market
- 8.6.3. Japan Isocyanates Market
- 8.6.4. Australia Isocyanates Market
- 8.6.5. South Korea Isocyanates Market
- 8.6.6. Rest of Asia Pacific Isocyanates Market
8.7. Latin America Isocyanates Market Snapshot
- 8.7.1. Brazil Isocyanates Market
- 8.7.2. Mexico Isocyanates Market
8.8. Middle East & Africa Isocyanates Market
- 8.8.1. Saudi Arabia Isocyanates Market
- 8.8.2. South Africa Isocyanates Market
- 8.8.3. Rest of Middle East & Africa Isocyanates Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Asahi Kasei Corporation
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Stahl Holdings B.V.
- 9.3.3. Badische Anilin & Sodafabrik (BASF) SE
- 9.3.4. Cangzhou Dahua Co., Ltd
- 9.3.5. Chemtura Corporation
- 9.3.6. Yantai Wanhua Polyurethanes Co. Ltd.
- 9.3.7. Mitsui Chemicals Inc.
- 9.3.8. Dow, Inc.
- 9.3.9. Huntsman Corporation
- 9.3.10. Kumho Mitsui Chemicals Inc

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Isocyanates Market, report scope
TABLE 2. Global Isocyanates Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Isocyanates Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Isocyanates Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Isocyanates Market estimates & forecasts by End-Use 2020-2030 (USD Billion)
TABLE 6. Global Isocyanates Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Isocyanates Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Isocyanates Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Isocyanates Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Isocyanates Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Isocyanates Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Isocyanates Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Isocyanates Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Isocyanates Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Isocyanates Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Isocyanates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Isocyanates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Isocyanates Market
TABLE 71. List of primary sources, used in the study of global Isocyanates Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Isocyanates Market, research methodology
FIG 2. Global Isocyanates Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Isocyanates Market, key trends 2022
FIG 5. Global Isocyanates Market, growth prospects 2023-2030
FIG 6. Global Isocyanates Market, porters 5 force model
FIG 7. Global Isocyanates Market, pest analysis
FIG 8. Global Isocyanates Market, value chain analysis
FIG 9. Global Isocyanates Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Isocyanates Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Isocyanates Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Isocyanates Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Isocyanates Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Isocyanates Market, regional snapshot 2020 & 2030
FIG 15. North America Isocyanates Market 2020 & 2030 (USD Billion)
FIG 16. Europe Isocyanates Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Isocyanates Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Isocyanates Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Isocyanates Market 2020 & 2030 (USD Billion)