Global Aromatic Isocyanates Market Growth 2023-2029

Global Aromatic Isocyanates Market Growth 2023-2029

Isocyanates are organic compounds containing the –N=C=O group. When two of these functional groups are attached to a compound, in such a case the group is known as a di-isocyanate. There are two types of isocyanate compounds; aromatic isocyanates and aliphatic isocyanates. Aromatic isocyanates involve direct attachment of an NCO group with aromatic rings. Aromatic isocyanates are mainly used in the production of polyurethane foam; which is formed by a reaction between aromatic isocyanates and polyols in the presence of a catalyst. Aromatic Isocyanates are generally used in the production of flexible or rigid foam, elastomers and protective coatings, among others. These compounds are highly reactive and toxic in nature. Owing to their toxic nature special care is taken in their handling and during their production. Raw materials used for the production of aromatic isocyanates are generally tolune, benezene and aniline, among others. Toluenediisocyanate (TDI) and Methylenediphenyl diisocyanate (MDI) these two aromatic which are mostly used in construction industry applications for manufacturing rigid foam.

LPI (LP Information)' newest research report, the “Aromatic Isocyanates Industry Forecast” looks at past sales and reviews total world Aromatic Isocyanates sales in 2022, providing a comprehensive analysis by region and market sector of projected Aromatic Isocyanates sales for 2023 through 2029. With Aromatic Isocyanates sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aromatic Isocyanates industry.

This Insight Report provides a comprehensive analysis of the global Aromatic Isocyanates landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aromatic Isocyanates portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aromatic Isocyanates market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aromatic Isocyanates and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aromatic Isocyanates.

The global Aromatic Isocyanates market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The demand for aromatic isocyanates stems from the increasing demand for polyurethane foam, especially in the construction industry. Second to that, the demand for adhesives and protective coatings, and their growing applications are expected to, in turn, drive the growth in demand for aromatic isocyanates over the forecast period. Both these factors are expected to propel the growth of aromatic isocyanates market. Prices of raw materials used in the production of aromatic isocyanates depend highly on crude oil prices. This leads to a relatively high margin of fluctuation in prices, which is a key restraint in the aromatic isocyanate market. Various stringent regulations from government associations such as OSHA, REACH, among others, on the production of aromatic isocyanates restrict the growth of this market. Increasing demand for bio based chemicals and the initiative taken by developed countries such as U.S., EU-5 countries, among others, which are expected to impact the demand for the aromatic isocyanates. Also, aromatic isocyanates are produced through a complex process which requires a controlled environment for safety of personnel and process operation. Aromatic isocyanates are generally available in small quantities; if bulk production is made possible it will create a new opportunity for growth of the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Aromatic Isocyanates market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Toluenediisocyanate (TDI)
Methylenediphenyl Diisocyanate (MDI)
Naphthalene 1,5-Diisocyanate (NDI)
P-Phenylene Diisocyanate (PPDI)
Others

Segmentation by application
Polyurethane Foam
Elastomers
Adhesive and Sealant
Coating
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
The Dow Chemical Company
BASF
Wanhua Chemical
Covestro
Huntsman Corporation
Mitsui Chemicals
Lanxess

Key Questions Addressed in this Report

What is the 10-year outlook for the global Aromatic Isocyanates market?

What factors are driving Aromatic Isocyanates market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Aromatic Isocyanates market opportunities vary by end market size?

How does Aromatic Isocyanates break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.