The study further explores and provides an in-depth analysis of current market dynamics and recent trends, focusing on various key factors and potential growth opportunities and risks. The report focuses on leading regions and their major countries to anticipate market growth in the forecast years.
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.
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.
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As well as new entrants in the Diphenylmethane Diisocyanate market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others.
One of the report’s central components is the broad Diphenylmethane Diisocyanate market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in 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.
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.
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The global Diphenylmethane Diisocyanate market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Diphenylmethane Diisocyanate sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
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)
- Monomeric MDI
- Polymeric MDI
- Modified MDI
· Application Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)
- Rigid Foam
- Flexible Foam
- Adhesive & Sealant
· End-Use Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)
- Furniture & Interiors
- Electronics & Appliances
- Rubber and Plastic
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Regional Bifurcation of the Diphenylmethane Diisocyanate Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Radical Features of the Diphenylmethane Diisocyanate Market Report:
- The report encompasses Diphenylmethane Diisocyanate market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Diphenylmethane Diisocyanate industry
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