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市场调查报告书
商品编码
1540869

2024-2032 年按类型（亚甲基二苯基二异氰酸酯、甲苯二苯基二异氰酸酯、脂肪族异氰酸酯等）、製造工艺、应用、最终用途行业和地区分列的异氰酸酯市场报告

Isocyanates Market Report by Type (Methylene Diphenyl Diisocyanate, Toluene Diphenyl Diisocyanate, Aliphatic Isocyanates, and Others), Manufacturing Process, Application, End-Use Industry, and Region 2024-2032
出版日期: | 出版商: IMARC | 英文 142 Pages | 商品交期: 2-3个工作天内

价格

IMARC Group年全球异氰酸酯市场规模达304亿美元。各种应用对聚氨酯的需求不断增加、技术进步、建筑和汽车行业的使用不断增加、能源效率标准不断提高、新兴市场的经济发展、快速城市化、基础设施发展和工业化的不断发展是刺激全球市场的一些关键因素用于火灾警报和侦测系统。

全球异氰酸酯市场分析：

主要市场驱动因素：汽车、建筑和消费品产业等各种最终用途产业对聚氨酯产品的需求不断增长，加上增强产品应用的技术创新、全球经济成长（特别是新兴市场）以及人们对聚氨酯产品的日益关注节能材料导致异氰酸酯绝缘材料和泡沫的使用增加。

主要市场趋势：绿色和永续製造流程的广泛采用、无毒和低排放异氰酸酯产品的不断发展、生物基聚氨酯的需求不断增加以及向节能建筑材料的转变是关键异氰酸酯市场趋势。人们也越来越关注聚氨酯材料回收和再利用的创新，这代表了主要的市场趋势之一。

竞争格局：全球异氰酸酯产业的主要市场参与者包括Anderson Development Company、Asahi Kasei Corporation、BASF SE、Bayer AG、沧州大化集团有限公司（中国农化总公司）、Covestro AG、Evonik Industries AG、亨斯曼公司、三井化学公司、陶氏化学公司和万华化学集团有限公司等。

地理趋势：由于快速的城市化和工业化，亚太地区成为异氰酸酯市场最大的地区。建筑活动的增加以及汽车和建筑业是市场成长的主要推动因素。

挑战与机会：市场正在经历多种挑战，例如环境和健康问题日益严重、监管合规性、原材料价格波动以及来自生物替代品的竞争。然而，创新和技术进步、新兴市场不断增长的需求以及能源效率和永续发展的不断转变正在为市场成长创造机会。

全球异氰酸酯市场趋势：

各种最终用途产业的需求不断增长

异氰酸酯在建筑汽车、涂料、家具和电子等各行业中的广泛使用是影响全球异氰酸酯市场成长的关键因素之一。在汽车产量不断增长和对轻质耐用材料的需求的推动下，汽车行业不断发展，进一步推动了对异氰酸酯的需求。根据贸易经济数据，美国汽车产量从2024 年1 月的1058 万辆增至2 月的1078 万辆。产品使用异氰酸酯作为关键原料，从而促进了市场成长。根据建筑协会的数据，2023 年第一季美国有超过 919,000 个建筑场所。

科技的重大进步与创新

不断增长的技术进步和创新正在成为全球市场的主要成长诱导因素。旨在提高异氰酸酯产品的性能和性能的研发（R＆D）活动不断增加，导致新应用和配方的引入，从而促进了市场成长。例如，2023年，拜耳股份公司投资2.2亿欧元在蒙海姆基地建造新的研发（R&D）中心，加强对永续农业的承诺。这进一步推动了异氰酸酯市场的近期发展。例如，2024 年 3 月，科思创在比利时安特卫普工厂开设了第一家能够以工业规模生产聚碳酸酯共聚物的工厂。该公司的新平台技术基于创新的无溶剂熔融製程与新的反应器概念相结合。预计这将进一步推动市场成长。

对生物基异氰酸酯的需求不断增长

人们对永续性和环境保护的日益关注也推动了市场的发展，这推动了向源自植物油和生物质等可再生原料的生物基异氰酸酯的转变。全球各国政府越来越多地实施严格的法规来限制排放和促进永续实践，这正在推动生物基异氰酸酯的采用。消费者对传统异氰酸酯对环境影响的认识不断提高，推动了对绿色替代品的需求，从而促进了市场的成长。例如，2022年，巴斯夫扩大了亚甲基二苯基二异氰酸酯（MDI）产品组合，并推出了首款温室气体中性芳香族异氰酸酯Lupranat ZERO（零排放，可再生来源）。 Lupranat ZERO 的「从摇篮到大门」1 产品碳足迹2 (PCF) 的核算为零，这意味着在离开巴斯夫工厂大门到达客户之前，所有与产品相关的温室气体排放和生物基碳在产品中的排放量均为零。这进一步提高了异氰酸酯在全球的市场份额。

全球异氰酸酯市场细分：

IMARC Group提供了对每个细分市场的主要趋势的分析，以及 2024-2032 年全球、区域和国家层面的预测。我们的报告根据类型、製造流程、应用和最终用途行业对市场进行了分类。

类型见解：

亚甲基二苯基二异氰酸酯 (MDI)

甲苯二苯基二异氰酸酯 (TDI)

脂肪族异氰酸酯

其他的

亚甲基二苯基二异氰酸酯（MDI）主导市场

该报告根据类型提供了详细的市场细分和分析。这包括亚甲基二苯基二异氰酸酯 (MDI)、甲苯二苯基二异氰酸酯 (TDI)、脂肪族异氰酸酯等。报告称，亚甲基二苯基二异氰酸酯（MDI）是最大的细分市场。

生产聚氨酯（PU）泡沫和材料对二苯基甲烷二异氰酸酯（MDI）的需求不断增长，推动了该市场的成长。 MDI 以其卓越的黏合性能和多功能性而闻名，因此可用于汽车、消费品和建筑等行业的不同应用。建筑业越来越多地使用基于 MDI 的聚氨酯泡沫进行隔热，这有助于提高永续性和能源效率，从而推动异氰酸酯市场的成长。 MDI 也用于生产汽车行业的轻质耐用零件，从而提高车辆燃油效率。例如，2024年，中国石化生产商万华化学宣布，其位于中国东部浙江省的宁波工厂重启了年产40万吨的二苯基甲烷二异氰酸酯（MDI）装置。

製造製程见解：

光气化工艺

非光气化工艺

光气化製程在市场上占有最大份额

异氰酸酯市场报告根据製造流程提供了详细的市场细分和分析。这包括光气化过程和非光气化过程。报告称，光气化製程占据最大的市场份额。

光气化过程是生产MDI和TDI等异氰酸酯的重要阶段。对依赖异氰酸酯作为主要原料的聚氨酯产品的需求极大地推动了光气化的需求。儘管人们担心光气的毒性，但该工艺大规模生产高纯度异氰酸酯的能力和效率使其不可或缺。旨在提高光气化製程的环境绩效和安全性的技术的重大进步也有助于其持续使用。汽车和建筑等广泛依赖聚氨酯材料的最终用途行业的成长维持了异氰酸酯生产中光气化的需求，从而支撑了异氰酸酯市场需求。

应用见解：

硬质泡沫

软质泡沫

油漆和涂料

黏合剂和密封剂

弹性体

黏合剂

其他的

硬质泡沫占据市场主导地位

异氰酸酯市场研究报告根据应用提供了详细的市场细分和分析。这包括硬质泡棉、软质泡棉、油漆和涂料、黏合剂和密封剂、弹性体、黏合剂等。根据该报告，硬质泡沫代表了最大的细分市场。

硬质泡沫在建筑和冷冻系统隔热材料中的广泛使用正在推动其市场需求。硬质泡棉具有卓越的隔热性能，且重量轻、耐用且强度高，使其成为提高建筑和工业应用能源效率的理想材料。根据 2020 年住宅能源消耗调查，88% 的美国家庭使用空调 (AC)。 2/3 的美国家庭使用中央空调或中央热泵作为主要空调设备。发展中国家建筑业的不断增长以及对节能冷却系统的需求不断增加，导致刚性形式在异氰酸酯市场前景中占据主导地位。

最终用途产业见解：

建筑与施工

汽车

卫生保健

家具

其他的

建筑业主导市场

异氰酸酯市场研究报告根据最终用途行业提供了详细的市场细分和分析。这包括建筑、汽车、医疗保健、家具等。报告称，建筑业占最大部分。

异氰酸酯在建筑和建筑应用中的广泛使用正在推动该市场的成长。这主要是由于异氰酸酯的多功能性和优越性能推动了建筑业对异氰酸酯的需求。由于使用异氰酸酯作为密封剂和黏合剂为各种建筑材料提供坚固耐用的黏合，建筑业对异氰酸酯的需求也在增长。例如，2021 年，阿科玛的黏合剂解决方案部门 Bostik 实施了一项雄心勃勃的开发计划，加强其聚氨酯 (PU) 密封剂，特别关注建筑市场的密封和黏合应用。

区域见解：

北美洲

美国

加拿大

亚太地区

中国

日本

印度

韩国

澳洲

印尼

其他的

欧洲

德国

法国

英国

义大利

西班牙

俄罗斯

其他的

拉丁美洲

巴西

墨西哥

其他的

中东和非洲

亚太地区主导市场

该报告还对所有主要区域市场进行了全面分析，其中包括北美（美国和加拿大）；亚太地区（中国、日本、印度、韩国、澳洲、印尼等）；欧洲（德国、法国、英国、义大利、西班牙、俄罗斯等）；拉丁美洲（巴西、墨西哥等）；以及中东和非洲。报告显示，亚太地区占据最大的市场份额。

该地区快速的工业化和城市化正在导致汽车和建筑行业的显着增长，这进一步促进了亚太地区市场的成长。据联合国人居署称，城市化仍然是亚太地区的一个决定性的大趋势。全球城市人口的54%，超过22亿人居住在亚洲。到 2050 年，亚洲城市人口预计将成长 50%，新增 12 亿人口，这可能会推动该地区的市场成长。对广泛用于涂料、绝缘材料、密封剂和黏合剂的聚氨酯产品的需求不断增长，推动了市场的扩张。化学工业投资的增加以及当地製造业的进步正在促进该地区市场的成长。例如，2024 年 2 月，三井化学宣布，决定提高大牟田工厂内间苯二甲撑二异氰酸酯 (XDI) 工厂的产能，以满足耐黄变涂料中使用的固化剂日益增长的需求。这进一步创造了异氰酸酯市场机会。

竞争格局：

市场研究报告也对市场竞争格局进行了全面分析。报告涵盖了市场结构、关键参与者定位、最佳制胜策略、竞争仪表板和公司评估象限等竞争分析。此外，也提供了所有主要公司的详细资料。全球异氰酸酯产业的主要市场参与者包括安德森开发公司、旭化成公司、​​巴斯夫公司、拜耳公司、沧州大化集团有限公司（中国农化总公司）、科思创公司、赢创工业公司、亨斯曼公司、三井物产化学品、陶氏化学公司、万华化学集团股份有限公司

（请注意，这只是关键参与者的部分列表，报告中提供了完整列表。）

全球异氰酸酯市场新闻：

2023 年 1 月：旭化成宣布其位于日本冈山仓敷市水岛工厂的第二家 Ceolus(TM) 微晶纤维素 1 (MCC) 工厂竣工。该公司强调其致力于透过新设施满足 MCC 大幅成长的需求。

2022 年 4 月：旭化成开始在其日本子公司旭化成色彩技术有限公司的工程塑胶化合物生产工厂购买再生能源（绿色电力）产生的电力。工程塑胶化合物用作製造汽车和电子产品零件的材料。

2023 年8 月：继2022 年夏季破土动工后，科思创上海聚氨酯弹性体系统新厂开始生产。 。

本报告回答的关键问题：

  • 迄今为止，全球异氰酸酯市场表现如何，未来几年将如何表现？
  • 主要区域市场有哪些？
  • COVID-19 对全球异氰酸酯市场有何影响？
  • 依类型划分市场是怎么样的？
  • 基于製造流程的市场区隔是怎样的？
  • 基于应用的市场区隔是什么？
  • 基于最终用途产业的市场区隔是什么？
  • 产业价值链的各个阶段是什么？
  • 该行业的关键驱动因素和挑战是什么？
  • 全球异氰酸酯市场的结构如何？
  • 产业竞争程度如何？

本报告回答的关键问题：

  • 迄今为止，全球异氰酸酯市场表现如何，未来几年将如何表现？
  • 主要区域市场有哪些？
  • COVID-19 对全球异氰酸酯市场有何影响？
  • 依类型划分市场是怎么样的？
  • 基于製造流程的市场区隔是怎样的？
  • 基于应用的市场区隔是什么？
  • 基于最终用途产业的市场区隔是什么？
  • 产业价值链的各个阶段是什么？
  • 该行业的关键驱动因素和挑战是什么？
  • 全球异氰酸酯市场的结构如何？
  • 产业竞争程度如何？

目录

第一章：前言

第 2 章：范围与方法

  • 研究目的
  • 利害关係人
  • 数据来源
    • 主要来源
    • 二手资料
  • 市场预测
    • 自下而上的方法
    • 自上而下的方法
  • 预测方法

第 3 章：执行摘要

第 4 章：简介

  • 概述
  • 主要行业趋势

第 5 章：全球异氰酸酯市场

  • 市场概况
  • 市场表现
  • COVID-19 的影响
  • 市场预测

第 6 章：市场区隔：按类型

  • 亚甲基二苯基二异氰酸酯 (MDI)
    • 市场趋势
    • 市场预测
  • 甲苯二苯基二异氰酸酯 (TDI)
    • 市场趋势
    • 市场预测
  • 脂肪族异氰酸酯
    • 市场趋势
    • 市场预测
  • 其他的
    • 市场趋势
    • 市场预测

第 7 章：市场区隔：依製造工艺

  • 光气化工艺
    • 市场趋势
    • 市场预测
  • 非光气化工艺
    • 市场趋势
    • 市场预测

第 8 章：市场区隔：按应用

  • 硬质泡沫
    • 市场趋势
    • 市场预测
  • 软质泡沫
    • 市场趋势
    • 市场预测
  • 油漆和涂料
    • 市场趋势
    • 市场预测
  • 黏合剂和密封剂
    • 市场趋势
    • 市场预测
  • 弹性体
    • 市场趋势
    • 市场预测
  • 黏合剂
    • 市场趋势
    • 市场预测
  • 其他的
    • 市场趋势
    • 市场预测

第 9 章：市场区隔：依最终用途产业

  • 建筑与施工
    • 市场趋势
    • 市场预测
  • 汽车
    • 市场趋势
    • 市场预测
  • 卫生保健
    • 市场趋势
    • 市场预测
  • 家具
    • 市场趋势
    • 市场预测
  • 其他的
    • 市场趋势
    • 市场预测

第 10 章：市场区隔：按地区

  • 北美洲
    • 美国
    • 加拿大
  • 亚太地区
    • 中国
    • 日本
    • 印度
    • 韩国
    • 澳洲
    • 印尼
    • 其他的
  • 欧洲
    • 德国
    • 法国
    • 英国
    • 义大利
    • 西班牙
    • 俄罗斯
    • 其他的
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他的
  • 中东和非洲
    • 市场趋势
    • 市场细分：按国家/地区
    • 市场预测

第 11 章：SWOT 分析

  • 概述
  • 优势
  • 弱点
  • 机会
  • 威胁

第 12 章：价值链分析

第 13 章：波特五力分析

  • 概述
  • 买家的议价能力
  • 供应商的议价能力
  • 竞争程度
  • 新进入者的威胁
  • 替代品的威胁

第 14 章：价格指标

第15章：竞争格局

  • 市场结构
  • 关键参与者
  • 关键参与者简介
    • 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.
Product Code: SR112024A2151

The global isocyanates market size reached US$ 30.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 49.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032. The increasing demand for polyurethane in various applications, technological advancements, rising use in construction and automotive industries, growing energy efficiency standards, economic development in emerging markets, rapid urbanization, infrastructure development, and rising industrialization are some of the key factors stimulating the global market for fire alarm and detection systems.

Global Isocyanates Market Analysis:

Major Market Drivers: The increasing demand for polyurethane products in the various end-use industries such as automotive, construction, and consumer goods industries, coupled with technological innovations enhancing product applications, global economic growth, particularly in emerging markets, and the rising focus on energy-efficient materials leading to increased use of isocyanate-based insulations and foams.

Key Market Trends: The widespread adoption of green and sustainable manufacturing processes, the rising development of non-toxic and low-emission isocyanate products, the increasing demand for bio-based polyurethanes, and the rising shift towards energy-efficient construction materials are the key trends in the isocyanates market. There's also a growing focus on innovation in recycling and reusing polyurethane materials which represents one of the key market trends.

Competitive Landscape: Some of the major market players in the global isocyanates industry include 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, and Wanhua Chemical Group Co. Ltd., among many others.

Geographical Trends: Asia Pacific accounted for the largest region for the isocyanates market, on account of rapid urbanization and industrialization. The increasing construction activities, along with the automotive and construction sectors are acting as major growth-inducing factors in the market.

Challenges and Opportunities: The market is experiencing several challenges, such as rising environmental and health concerns, regulatory compliance, fluctuation in the prices of raw materials, and competition from bio-based alternatives. However, innovations and technological advancements, the growing demand in emerging markets, and the rising shift toward energy efficiency and sustainability are creating opportunities for the market growth.

Global Isocyanates Market Trends:

Growing Demand from Various End-Use Industry

The extensive use of isocyanates in various industries, including construction automotive, coatings, furniture, and electronics represents one of the key factors influencing the growth of the isocyanates market across the globe. The growing automotive sector, driven by the rising vehicle production and demand for lightweight, durable materials, is further driving the demand for isocyanates. According to the trading economy, car production in the United States increased to 10.78 million units in February from 10.58 million units in January of 2024. The increasing construction activities, especially in emerging economies, are fueling the demand for polyurethane-based products, which use isocyanates as a key raw material, thus bolstering the market growth. According to the Construction Association, there were more than 9,19,000 construction establishments in the United States in the first quarter of 2023. The industry employs 8.0 million employees and creates nearly $2.1 trillion worth of structures each year which is expected to drive the isocyanates market statistics.

Significant Advancements and Innovations in Technologies

The rising technological advancements and innovations are acting as major growth-inducing factors in the market across the globe. The increasing research and development (R&D) activities directed at enhancing the properties and performance of isocyanate-based products are leading to the introduction of new applications and formulations which is boosting the market growth. For instance, in 2023, Bayer AG invested 220 million euros to build a new research and development (R&D) center at the Monheim site, which is strengthening its commitment to sustainable agriculture. This is further driving the isocyanates market recent developments. For instance, in March 2024, Covestro inaugurated its first plant that can produce polycarbonate copolymers on an industrial scale at its Antwerp, Belgium site. The company's new platform technology is based on an innovative, solvent-free melt process in combination with a new reactor concept. This is further expected to fuel the market growth.

Rising Demand for Bio-Based Isocyanates

The market is also driven by the increasing focus on sustainability and environmental conservation which is boosting a shift towards bio-based isocyanates derived from renewable feedstocks, such as vegetable oils and biomass. The increasing implementation of strict regulations by governments in various countries across the globe to limit emissions and promote sustainable practices is driving the adoption of bio-based Isocyanates. The rising consumer awareness regarding the environmental impact of conventional isocyanates is driving the demand for greener alternatives, which is facilitating the growth of the market. For instance, in 2022, BASF expanded the portfolio of methylene diphenyl diisocyanate (MDI) and introduced Lupranat ZERO (Zero Emission, Renewable Origin) the first greenhouse gas-neutral aromatic isocyanate. Lupranat ZERO has an accounting Cradle-to-Gate1 Product Carbon Footprint2 (PCF) of zero, which means that on its way until it leaves the BASF factory gate for the customer - all product-related greenhouse gas emissions and the biobased carbon bound in the product taken together - it does not carry a CO2 backpack. This is further boosting the isocyanates market share across the globe.

Global Isocyanates Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional and country levels for 2024-2032. Our report has categorized the market based on type, manufacturing process, application, and end-use industry.

Type Insights:

Methylene Diphenyl Diisocyanate (MDI)

Toluene Diphenyl Diisocyanate (TDI)

Aliphatic Isocyanates

Others

Methylene Diphenyl Diisocyanate (MDI) dominates the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes methylene diphenyl diisocyanate (MDI), toluene diphenyl diisocyanate (TDI), aliphatic isocyanates, and others. According to the report, methylene diphenyl diisocyanate (MDI) represented the largest segment.

The rising demand for methylene diphenyl diisocyanate (MDI) in producing polyurethane (PU) foams and materials is driving the segment growth in the market. MDI is well known for its exceptional bonding properties and versatility, thereby allowing for different applications across industries like automotive, consumer goods, and construction. The increasing use of MDI-based polyurethane foams for insulation in the construction industry is contributing to sustainability and energy efficiency which is boosting the isocyanates market growth. MDI is also used in producing lightweight and durable parts in the automotive industry, thereby enhancing vehicle fuel efficiency. For instance, in 2024, Chinese petrochemical producer Wanhua Chemical announced it had restarted a 400,000 t/yr methylene diphenyl diisocyanate (MDI) unit at its Ningbo complex in east China's Zhejiang province.

Manufacturing Process Insights:

Phosgenation Process

Nonphosgenation Process

The Phosgenation Process holds the largest share in the market

The isocyanates market report has provided a detailed breakup and analysis of the market based on the manufacturing process. This includes the phosgenation process and nonphosgenation process. According to the report, phosgenation process accounted for the largest market share.

The phosgenation process is an essential stage in producing isocyanates such as MDI and TDI. The demand for polyurethane products, which rely on isocyanates as a primary raw material, significantly fuels the need for phosgenation. This process's ability and efficiency to produce high-purity isocyanates at a large scale make it indispensable, despite concerns over phosgene's toxicity. Significant advancements in technology aiming to enhance the environmental performance and safety of phosgenation processes also contribute to its continued use. The growth of end-use industries such as automotive and construction, which broadly depend on polyurethane materials, sustains the demand for phosgenation in isocyanate production, thus supporting the isocyanates market demand.

Application Insights:

Rigid Foam

Flexible Foam

Paints and Coatings

Adhesives and Sealants

Elastomers

Binders

Others

Rigid Foam dominates the market

The isocyanates market research report has provided a detailed breakup and analysis of the market based on the application. This includes rigid foam, flexible foam, paints and coatings, adhesives and sealants, elastomers, binders, and others. According to the report, rigid foam represented the largest segment.

The widespread use of rigid foam in insulation for buildings and refrigeration systems is driving its demand in the market. The remarkable thermal insulation properties of rigid foam, along with its lightweight, durability, and strength, make it an ideal material for enhancing energy efficiency in construction and industrial applications. According to the 2020 Residential Energy Consumption Survey, 88% of United States households use air conditioning (AC). 2/3rd of U.S. households use central AC or a central heat pump as their main AC equipment. The rising construction in developing countries and the increasing need for energy-efficient cooling systems are contributing to the dominance of rigid form in the isocyanates market outlook.

End-Use Industry Insights:

Building and Construction

Automotive

Healthcare

Furniture

Others

Building and Construction dominates the market

The isocyanates market research report has provided a detailed breakup and analysis of the market based on the end-use industry. This includes building and construction, automotive, healthcare, furniture, and others. According to the report, building and construction represented the largest segment.

The extensive use of isocyanates in construction and building applications is driving the segment growth in the market. This is primarily due to the versatility and superior properties of isocyanates which is boosting the demand for isocyanates in the construction industry. The demand for isocyanates in the construction industry is also driving due to the use of isocyanates as sealants and adhesives providing strong durable bonds for various construction materials. For instance, in 2021, Bostik, the adhesive solution division of Arkema, implemented an ambitious development program strengthening its polyurethane (PU) sealants with a particular focus on sealing and bonding applications for the construction market.

Regional Insights:

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

Asia Pacific dominates the market

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

Rapid industrialization and urbanization in the region are leading to significant growth in the automotive and construction sectors which is further contributing to the growth of the market in the Asia Pacific region. According to UN-Habitat, urbanization continues to be a defining megatrend in the Asia Pacific region. 54% of the global urban population, more than 2.2 billion people live in Asia. By 2050, the urban population in Asia is expected to grow by 50% and an additional 1.2 billion people which is likely to fuel the market growth in the region. The increasing demand for polyurethane products utilized widely in coatings, insulation, sealants, and adhesives is driving the market expansion. The increasing investment in the chemical sector along with local manufacturing advancements is facilitating the growth of the market in the region. For instance, in February 2024, Mitsui Chemicals, Inc., announced it had decided to increase production capacity at the meta-Xylylene Diisocyanate (XDI) plant within its Omuta Works in response to the growing demand for hardeners used in hardly yellowing coatings. This is further creating isocyanates market opportunities.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the major market players in global isocyanates industry include 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.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Global Isocyanates Market News:

January 2023: Asahi Kasei announced the completion of the construction of its second plant for Ceolus(TM) microcrystalline cellulose1 (MCC) at its Mizushima Works in Kurashiki, Okayama, Japan. The company underlines its commitment to meet the substantially growing demand for its MCC with the new facility.

April 2022: Asahi Kasei began purchasing electric power produced from renewable energy (green power) at the plant for manufacturing engineering plastic compounds by its subsidiary Asahi Kasei Color Tech Co., Ltd. in Japan. Engineering plastic compounds are used as material to make parts for automobiles and electronic products.

August 2023: Covestro began production in its new Shanghai plant for polyurethane elastomers systems following the groundbreaking in the summer of 2022. The investment, in the double-digit million Euro range, is part of a series of investments in the elastomers raw materials taken by the business in the past years with sites in Thailand and Spain.

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?

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
  • 10.2 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
  • 10.3 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
  • 10.4 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
  • 10.5 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

List of Figures

  • Figure 1: Global: Isocyanates Market: Major Drivers and Challenges
  • Figure 2: Global: Isocyanates Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Isocyanates Market: Breakup by Type (in %), 2023
  • Figure 4: Global: Isocyanates Market: Breakup by Manufacturing Process (in %), 2023
  • Figure 5: Global: Isocyanates Market: Breakup by Application (in %), 2023
  • Figure 6: Global: Isocyanates Market: Breakup by End-Use Industry (in %), 2023
  • Figure 7: Global: Isocyanates Market: Breakup by Region (in %), 2023
  • Figure 8: Global: Isocyanates Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 9: Global: Isocyanates (Methylene Diphenyl Diisocyanate) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 10: Global: Isocyanates (Methylene Diphenyl Diisocyanate) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 11: Global: Isocyanates (Toluene Diphenyl Diisocyanate) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 12: Global: Isocyanates (Toluene Diphenyl Diisocyanate) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 13: Global: Isocyanates (Aliphatic Isocyanates) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 14: Global: Isocyanates (Aliphatic Isocyanates) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 15: Global: Isocyanates (Others) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 16: Global: Isocyanates (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 17: Global: Isocyanates (Phosgenation Process) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 18: Global: Isocyanates (Phosgenation Process) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 19: Global: Isocyanates (Nonphosgenation Process) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 20: Global: Isocyanates (Nonphosgenation Process) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 21: Global: Isocyanates (Rigid Foam) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 22: Global: Isocyanates (Rigid Foam) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 23: Global: Isocyanates (Flexible Foam) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 24: Global: Isocyanates (Flexible Foam) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 25: Global: Isocyanates (Paints and Coatings) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 26: Global: Isocyanates (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 27: Global: Isocyanates (Adhesives and Sealants) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 28: Global: Isocyanates (Adhesives and Sealants) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 29: Global: Isocyanates (Elastomers) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 30: Global: Isocyanates (Elastomers) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 31: Global: Isocyanates (Binders) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 32: Global: Isocyanates (Binders) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 33: Global: Isocyanates (Others) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 34: Global: Isocyanates (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 35: Global: Isocyanates (Building and Construction) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 36: Global: Isocyanates (Building and Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 37: Global: Isocyanates (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 38: Global: Isocyanates (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 39: Global: Isocyanates (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 40: Global: Isocyanates (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 41: Global: Isocyanates (Furniture) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 42: Global: Isocyanates (Furniture) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 43: Global: Isocyanates (Others) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 44: Global: Isocyanates (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 45: North America: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 46: North America: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 47: United States: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 48: United States: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 49: Canada: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 50: Canada: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 51: Asia Pacific: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 52: Asia Pacific: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 53: China: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 54: China: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 55: Japan: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 56: Japan: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 57: India: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 58: India: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 59: South Korea: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 60: South Korea: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 61: Australia: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 62: Australia: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 63: Indonesia: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 64: Indonesia: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 65: Others: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 66: Others: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 67: Europe: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 68: Europe: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 69: Germany: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 70: Germany: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 71: France: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 72: France: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 73: United Kingdom: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 74: United Kingdom: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 75: Italy: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 76: Italy: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 77: Spain: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 78: Spain: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 79: Russia: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 80: Russia: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 81: Others: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 82: Others: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 83: Latin America: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 84: Latin America: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 85: Brazil: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 86: Brazil: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 87: Mexico: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 88: Mexico: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 89: Others: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 90: Others: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 91: Middle East and Africa: Isocyanates Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 92: Middle East and Africa: Isocyanates Market Forecast: Sales Value (in Million US$), 2024-2032
  • 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, 2023 and 2032
  • Table 2: Global: Isocyanates Market Forecast: Breakup by Type (in Million US$), 2024-2032
  • Table 3: Global: Isocyanates Market Forecast: Breakup by Manufacturing Process (in Million US$), 2024-2032
  • Table 4: Global: Isocyanates Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 5: Global: Isocyanates Market Forecast: Breakup by End-Use Industry (in Million US$), 2024-2032
  • Table 6: Global: Isocyanates Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 7: Global: Isocyanates Market Structure
  • Table 8: Global: Isocyanates Market: Key Players