Isocyanate Market Insights and Growth by 2031
Isocyanates are chemicals that belong to highly reactive and low molecular weight chemical family. They are used extensively in the manufacture of rigid and flexible foams, fibers, coatings such as varnishes and paints. Spray-on polyurethane products that contain isocyanates are developed for a wide range of retail, commercial, and industrial uses to protect the wood, fiberglass, cement, steel, and aluminum, including protective coatings for truck beds, foundations, trailers, boats, and decks.
MARKET DYNAMICS
The isocyanate market has witnessed a significant growth owing to factors such as increasing demand from construction and automotive industries owing to its highly reactive chemical property. Additionally, they are also used in the production of rigid foams, adhesives, elastomers, and coatings. This further propels the growth of the isocyanate market over the forecast period. Moreover, the rising demand from the Asia Pacific region due to rapid industrialization in India and China provides a huge market opportunity for the key players operating in the isocyanate market. However, high raw material costs and initial investments required in R&D and technology are projected to hamper the overall growth of the isocyanate market.
MARKET SCOPE
The "Global Isocyanate Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the isocyanate market with detailed market segmentation by type, application and geography. The global isocyanate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading isocyanate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global isocyanate market is segmented on the basis of type and application. Based on type the global isocyanate market is divided into MDI, TDI, aliphatic isocyanate, and others. On the basis of application the market is bifurcated into rigid foams, flexible foams, paints and coatings, elastomers and binder, adhesives and sealants, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global isocyanate market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The isocyanate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the isocyanate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the isocyanate market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global isocyanate market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The isocyanate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the isocyanate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the isocyanate market in these regions.
MARKET PLAYERS
The reports cover key developments in the isocyanate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from isocyanate market are anticipated to lucrative growth opportunities in the future with the rising demand for Isocyanate in the global market. Below mentioned is the list of few companies engaged in the Isocyanate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the isocyanate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Asahi Kasei Chemicals Corp.
- BASF SE
- Bayer MaterialScience AG
- Chemtura Corporation
- Dow Chemical Company
- Evonik Industries
- Hebei Cangzhou Dahua Group Co. Ltd.
- Huntsman International Llc
- Kumho Mitsui Chemicals Inc.
- Mitsui Chemicals Inc.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Isocyanate Market - By Type
1.3.2 Isocyanate Market - By Application
1.3.3 Isocyanate Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ISOCYANATE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ISOCYANATE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ISOCYANATE MARKET - GLOBAL MARKET ANALYSIS
6.1. ISOCYANATE - GLOBAL MARKET OVERVIEW
6.2. ISOCYANATE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ISOCYANATE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MDI
7.3.1. Overview
7.3.2. MDI Market Forecast and Analysis
7.4. TDI
7.4.1. Overview
7.4.2. TDI Market Forecast and Analysis
7.5. ALIPHATIC ISOCYANATE
7.5.1. Overview
7.5.2. Aliphatic Isocyanate Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ISOCYANATE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RIGID FOAMS
8.3.1. Overview
8.3.2. Rigid Foams Market Forecast and Analysis
8.4. FLEXIBLE FOAMS
8.4.1. Overview
8.4.2. Flexible Foams Market Forecast and Analysis
8.5. PAINTS AND COATINGS
8.5.1. Overview
8.5.2. Paints and Coatings Market Forecast and Analysis
8.6. ELASTOMERS AND BINDER
8.6.1. Overview
8.6.2. Elastomers and Binder Market Forecast and Analysis
8.7. ADHESIVES AND SEALANTS
8.7.1. Overview
8.7.2. Adhesives and Sealants Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. ISOCYANATE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Isocyanate Market Overview
9.1.2 North America Isocyanate Market Forecasts and Analysis
9.1.3 North America Isocyanate Market Forecasts and Analysis - By Type
9.1.4 North America Isocyanate Market Forecasts and Analysis - By Application
9.1.5 North America Isocyanate Market Forecasts and Analysis - By Countries
9.1.5.1 United States Isocyanate Market
9.1.5.1.1 United States Isocyanate Market by Type
9.1.5.1.2 United States Isocyanate Market by Application
9.1.5.2 Canada Isocyanate Market
9.1.5.2.1 Canada Isocyanate Market by Type
9.1.5.2.2 Canada Isocyanate Market by Application
9.1.5.3 Mexico Isocyanate Market
9.1.5.3.1 Mexico Isocyanate Market by Type
9.1.5.3.2 Mexico Isocyanate Market by Application
9.2. EUROPE
9.2.1 Europe Isocyanate Market Overview
9.2.2 Europe Isocyanate Market Forecasts and Analysis
9.2.3 Europe Isocyanate Market Forecasts and Analysis - By Type
9.2.4 Europe Isocyanate Market Forecasts and Analysis - By Application
9.2.5 Europe Isocyanate Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Isocyanate Market
9.2.5.1.1 Germany Isocyanate Market by Type
9.2.5.1.2 Germany Isocyanate Market by Application
9.2.5.2 France Isocyanate Market
9.2.5.2.1 France Isocyanate Market by Type
9.2.5.2.2 France Isocyanate Market by Application
9.2.5.3 Italy Isocyanate Market
9.2.5.3.1 Italy Isocyanate Market by Type
9.2.5.3.2 Italy Isocyanate Market by Application
9.2.5.4 United Kingdom Isocyanate Market
9.2.5.4.1 United Kingdom Isocyanate Market by Type
9.2.5.4.2 United Kingdom Isocyanate Market by Application
9.2.5.5 Russia Isocyanate Market
9.2.5.5.1 Russia Isocyanate Market by Type
9.2.5.5.2 Russia Isocyanate Market by Application
9.2.5.6 Rest of Europe Isocyanate Market
9.2.5.6.1 Rest of Europe Isocyanate Market by Type
9.2.5.6.2 Rest of Europe Isocyanate Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Isocyanate Market Overview
9.3.2 Asia-Pacific Isocyanate Market Forecasts and Analysis
9.3.3 Asia-Pacific Isocyanate Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Isocyanate Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Isocyanate Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Isocyanate Market
9.3.5.1.1 Australia Isocyanate Market by Type
9.3.5.1.2 Australia Isocyanate Market by Application
9.3.5.2 China Isocyanate Market
9.3.5.2.1 China Isocyanate Market by Type
9.3.5.2.2 China Isocyanate Market by Application
9.3.5.3 India Isocyanate Market
9.3.5.3.1 India Isocyanate Market by Type
9.3.5.3.2 India Isocyanate Market by Application
9.3.5.4 Japan Isocyanate Market
9.3.5.4.1 Japan Isocyanate Market by Type
9.3.5.4.2 Japan Isocyanate Market by Application
9.3.5.5 South Korea Isocyanate Market
9.3.5.5.1 South Korea Isocyanate Market by Type
9.3.5.5.2 South Korea Isocyanate Market by Application
9.3.5.6 Rest of Asia-Pacific Isocyanate Market
9.3.5.6.1 Rest of Asia-Pacific Isocyanate Market by Type
9.3.5.6.2 Rest of Asia-Pacific Isocyanate Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Isocyanate Market Overview
9.4.2 Middle East and Africa Isocyanate Market Forecasts and Analysis
9.4.3 Middle East and Africa Isocyanate Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Isocyanate Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Isocyanate Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Isocyanate Market
9.4.5.1.1 South Africa Isocyanate Market by Type
9.4.5.1.2 South Africa Isocyanate Market by Application
9.4.5.2 Saudi Arabia Isocyanate Market
9.4.5.2.1 Saudi Arabia Isocyanate Market by Type
9.4.5.2.2 Saudi Arabia Isocyanate Market by Application
9.4.5.3 U.A.E Isocyanate Market
9.4.5.3.1 U.A.E Isocyanate Market by Type
9.4.5.3.2 U.A.E Isocyanate Market by Application
9.4.5.4 Rest of Middle East and Africa Isocyanate Market
9.4.5.4.1 Rest of Middle East and Africa Isocyanate Market by Type
9.4.5.4.2 Rest of Middle East and Africa Isocyanate Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Isocyanate Market Overview
9.5.2 South and Central America Isocyanate Market Forecasts and Analysis
9.5.3 South and Central America Isocyanate Market Forecasts and Analysis - By Type
9.5.4 South and Central America Isocyanate Market Forecasts and Analysis - By Application
9.5.5 South and Central America Isocyanate Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Isocyanate Market
9.5.5.1.1 Brazil Isocyanate Market by Type
9.5.5.1.2 Brazil Isocyanate Market by Application
9.5.5.2 Argentina Isocyanate Market
9.5.5.2.1 Argentina Isocyanate Market by Type
9.5.5.2.2 Argentina Isocyanate Market by Application
9.5.5.3 Rest of South and Central America Isocyanate Market
9.5.5.3.1 Rest of South and Central America Isocyanate Market by Type
9.5.5.3.2 Rest of South and Central America Isocyanate Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ISOCYANATE MARKET, KEY COMPANY PROFILES
11.1. ASAHI KASEI CHEMICALS CORP.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASF SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BAYER MATERIALSCIENCE AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CHEMTURA CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DOW CHEMICAL COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. EVONIK INDUSTRIES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HEBEI CANGZHOU DAHUA GROUP CO. LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. HUNTSMAN INTERNATIONAL LLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. KUMHO MITSUI CHEMICALS INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MITSUI CHEMICALS INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Asahi Kasei Chemicals Corp.
2.BASF SE
3.Bayer MaterialScience AG
4.Chemtura Corporation
5.Dow Chemical Company
6.Evonik Industries
7.Hebei Cangzhou Dahua Group Co. Ltd.
8.Huntsman International Llc
9.Kumho Mitsui Chemicals Inc.
10.Mitsui Chemicals Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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