Global Isocyanates Market Growth 2025-2031

The global Isocyanates market size is predicted to grow from US$ 29400 million in 2025 to US$ 26760 million in 2031; it is expected to grow at a CAGR of -1.6% from 2025 to 2031.

Blocked isocyanate refers to a compound prepared by blocking a blocked group of isocyanate groups (-NCO) by a deblocking reaction that cannot be carried out at a lower temperature. This compound does not undergo polymerization at room temperature, but at a certain temperature and other conditions, the isocyanate groups in the blocked polyurethane can be regenerated, and a crosslinking reaction occurs to form a thermosetting polyurethane. The isocyanate group is blocked by reacting an isocyanate or a prepolymer containing a free isocyanate group with some active hydrogen-containing substance or a substance capable of reacting with an isocyanate group, so that the free isocyanate group is not reactive at normal temperature, that is, isocyanate is achieved. The base is closed. This blocking reaction is a reversible reaction under certain conditions, so that the blocked isocyanate group can function again.

The major players in global Isocyanates market include Covestro, Wanhua Chemical, etc. The top 2 players occupy about 40% shares of the global market. China and Europe are main markets, they occupy about 65% of the global market. MDI is the main type, with a share about 65%. Polyurethane Foam is the main application, which holds a share about 80%.

LP Information, Inc. (LPI) ' newest research report, the “Isocyanates Industry Forecast” looks at past sales and reviews total world Isocyanates sales in 2024, providing a comprehensive analysis by region and market sector of projected Isocyanates sales for 2025 through 2031. With Isocyanates sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Isocyanates industry.

This Insight Report provides a comprehensive analysis of the global 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 Isocyanates portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Isocyanates market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 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 Isocyanates.

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

Segmentation by Type:
ADI
MDI
TDI

Segmentation by Application:
Polyurethane Foam
Paints & Coatings
Adhesives & Sealants
Other

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 analysing the company's coverage, product portfolio, its market penetration.
Covestro
Evonik
Vencorex
BASF
Asahi Kasei
Wanhua Chemical
Huntsman
DOW
Tosoh
Mitsui
Hanwha Chemical
GNFC
OCI
Cangzhou Dahua
Gansu Yinguang
Juli Fine Chemical
Fujian Southeast Electrochemical

Key Questions Addressed in this Report

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

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

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

How do Isocyanates market opportunities vary by end market size?

How does Isocyanates break out by Type, by Application?

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