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PUBLISHER: IMARC | PRODUCT CODE: 1370256
PUBLISHER: IMARC | PRODUCT CODE: 1370256
Isocyanates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
Market Overview:
The global isocyanates market size reached US$ 28.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.39% during 2023-2028.
Isocyanate is an organic compound that includes molecules of the isocyanate group (-NCO) and is manufactured by the reaction of phosgene and amines with water. It is a highly reactive chemical and is produced from raw materials, such as crude oil, propylene, toluene, aniline and benzene. Some of the most common types of isocyanates include aliphatic isocyanate, methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI). They are primarily used for the production of polyurethane (PUR)-based foams, paints, coatings, sealants, binders and sealants and find extensive applications across various industries, including construction, automotive, healthcare, furniture and aerospace.
Significant growth in the automotive industry, along with rapid industrialization across the globe, especially in the emerging economies, is one of the key factors driving the growth of the market. Furthermore, widespread adoption of isocyanate-based products in the construction industry is also providing a boost to the market growth. Isocyanates exhibit excellent insulation properties, owing to which they are used in the form of rigid PU foams for insulating panels and gap fillers in the spaces around doors and windows. They are also used on the exterior components of the automobiles to minimize the overall vehicular weight and improve the fuel-efficiency. Various advancements, such as the development of bio-based variants, are acting as another growth-inducing factor. With the rising environmental consciousness among the masses, there is an increasing preference for green polyurethanes and renewable isocyanates in place of crude oil-based products. This, along with the implementation of favorable government policies promoting the construction of energy-efficient structures, is projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global isocyanates market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, manufacturing process, application and end-use industry.
Breakup by Type:
Methylene Diphenyl Diisocyanate (MDI)
Toluene Diphenyl Diisocyanate (TDI)
Aliphatic Isocyanates
Others
Breakup by Manufacturing Process:
Phosgenation Process
Nonphosgenation Process
Breakup by Application:
Rigid Foam
Flexible Foam
Paints and Coatings
Adhesives and Sealants
Elastomers
Binders
Others
Breakup by End-Use Industry:
Building and Construction
Automotive
Healthcare
Furniture
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Anderson Development Company, Asahi Kasei Corporation, BASF SE, Bayer AG, Cangzhou Dahua Group Co. Ltd. (China National Agrochemical Corporation), Covestro AG, Evonik Industries AG, Huntsman Corporation, Mitsui Chemicals, The Dow Chemical Company, Wanhua Chemical Group Co. Ltd., etc.
Key Questions Answered in This Report:
- How has the global isocyanates market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global isocyanates market?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the manufacturing process?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end-use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global isocyanates market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A2151
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Isocyanates Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Methylene Diphenyl Diisocyanate (MDI)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Toluene Diphenyl Diisocyanate (TDI)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Aliphatic Isocyanates
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Manufacturing Process
- 7.1 Phosgenation Process
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Nonphosgenation Process
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Rigid Foam
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Flexible Foam
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Paints and Coatings
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Adhesives and Sealants
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Elastomers
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Binders
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
9 Market Breakup by End-Use Industry
- 9.1 Building and Construction
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Automotive
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Healthcare
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Furniture
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Anderson Development Company
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Asahi Kasei Corporation
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 BASF SE
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Bayer AG
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Cangzhou Dahua Group Co. Ltd. (China National Agrochemical Corporation)
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Covestro AG
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Evonik Industries AG
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Huntsman Corporation
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Mitsui Chemicals
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 The Dow Chemical Company
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Wanhua Chemical Group Co. Ltd.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.1 Anderson Development Company
Product Code: SR112023A2151
List of Figures
- Figure 1: Global: Isocyanates Market: Major Drivers and Challenges
- Figure 2: Global: Isocyanates Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Isocyanates Market: Breakup by Type (in %), 2022
- Figure 4: Global: Isocyanates Market: Breakup by Manufacturing Process (in %), 2022
- Figure 5: Global: Isocyanates Market: Breakup by Application (in %), 2022
- Figure 6: Global: Isocyanates Market: Breakup by End-Use Industry (in %), 2022
- Figure 7: Global: Isocyanates Market: Breakup by Region (in %), 2022
- Figure 8: Global: Isocyanates Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 9: Global: Isocyanates (Methylene Diphenyl Diisocyanate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Isocyanates (Methylene Diphenyl Diisocyanate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Isocyanates (Toluene Diphenyl Diisocyanate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Isocyanates (Toluene Diphenyl Diisocyanate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Isocyanates (Aliphatic Isocyanates) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Isocyanates (Aliphatic Isocyanates) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Isocyanates (Others) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Isocyanates (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Isocyanates (Phosgenation Process) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Isocyanates (Phosgenation Process) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Isocyanates (Nonphosgenation Process) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Isocyanates (Nonphosgenation Process) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Isocyanates (Rigid Foam) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Isocyanates (Rigid Foam) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Isocyanates (Flexible Foam) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Isocyanates (Flexible Foam) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Isocyanates (Paints and Coatings) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Isocyanates (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Isocyanates (Adhesives and Sealants) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Isocyanates (Adhesives and Sealants) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Isocyanates (Elastomers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Isocyanates (Elastomers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Isocyanates (Binders) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Isocyanates (Binders) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Isocyanates (Others) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Isocyanates (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Isocyanates (Building and Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Isocyanates (Building and Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Isocyanates (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Isocyanates (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Isocyanates (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Isocyanates (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Global: Isocyanates (Furniture) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Global: Isocyanates (Furniture) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Global: Isocyanates (Others) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Global: Isocyanates (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: North America: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: North America: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: United States: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: United States: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Canada: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Canada: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Asia Pacific: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Asia Pacific: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: China: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: China: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Japan: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Japan: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: India: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: India: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: South Korea: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: South Korea: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Australia: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Australia: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Indonesia: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Indonesia: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Others: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Others: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Europe: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Europe: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Germany: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Germany: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: France: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: France: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: United Kingdom: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: United Kingdom: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Italy: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Italy: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Spain: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Spain: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Russia: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Russia: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Others: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Others: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Latin America: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Latin America: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Brazil: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Brazil: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Mexico: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Mexico: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 89: Others: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 90: Others: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 91: Middle East and Africa: Isocyanates Market: Sales Value (in Million US$), 2017 & 2022
- Figure 92: Middle East and Africa: Isocyanates Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 93: Global: Isocyanates Industry: SWOT Analysis
- Figure 94: Global: Isocyanates Industry: Value Chain Analysis
- Figure 95: Global: Isocyanates Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Isocyanates Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Isocyanates Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Isocyanates Market Forecast: Breakup by Manufacturing Process (in Million US$), 2023-2028
- Table 4: Global: Isocyanates Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Isocyanates Market Forecast: Breakup by End-Use Industry (in Million US$), 2023-2028
- Table 6: Global: Isocyanates Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Isocyanates Market Structure
- Table 8: Global: Isocyanates Market: Key Players
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