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Methylene Diphenyl Isocyanate Market Size, Share & Industry Analysis, By Form (Pure MDI, Polymeric MDI, Modified MDI), By Application (Rigid Foam, Flexible Foam, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104564 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Methylene Diphenyl Isocyanate abbreviated as MDI is an aromatic type of isocyanate with three isomers. The isomers are formed due to the varying position of isocyanate group around the rings 2,2’MDI, 2,4’ MDI, and 4,4’MDI. Out of these isomers 4,4’ MDI is the purest and most widely used isomer. MDI reacts with polyols to manufacture polyurethane, an important polymer.


Increasing demand for polyurethane from various end-use sectors is likely to drive the market growth. High demand for polyurethane foams, elastomers, sealants & coatings, adhesives and other products is positively affecting the market. Additionally, the increasing constructional activities is one of the key factor boosting the market growth.

However, production of polyurethane and handling of MDI involves compliance of stringent rules and regulations due to the allergic nature of MDI. This is expected to restrain the market growth.

Up Arrow

Key Market Driver -

Increasing demand for polyurethane.

Down Arrow

Key Market Restraint -

Stringent environmental regulations.


Market Segmentation:


Based on form, the global methylene diphenyl isocyanate market is segmented into pure MDI, polymeric MDI, and modified MDI. Based on application, is segmented into rigid foam, flexible foam, and other applications.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:


The global methylene diphenyl isocyanate market consists of global & regional players operating. Some of the key players in the market include Tosoh, Huntsman, Wanhua, Dow chemical company, and others.

Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Methylene Diphenyl Isocyanate Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific was the largest and the fastest growing region in 2018 attributed to the expanding construction sector in India coupled with the government initiatives. The North American market is expected to show significant growth attributed to the highly developed electronica and automobile market.  Europe is expected to show considerable market due to high automobile manufacturing and constructional activities. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

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Segmentation






















 ATTRIBUTE

   DETAILS

By Form

  • Pure MDI

  • Polymeric MDI

  • Modified MDI

By Application

  • Rigid Foam

  • Flexible Foam

  • Others

By Geography

  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, and Rest of Europe)

  • Asia Pacific (China, India, Japan, and Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

Methylene Diphenyl Isocyanate Industry Developments



  • In October 2020, Dow chemical company declared force majeure on US MDI production. the prime reason for the force majeure was constraints in the logistics issues related to the raw material supply.

  • In July 2020, Huntsman declared no major capacity expansions for MDI for next few years due to the fall in demand for MDI resulting due to the ongoing global pandemic.





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Methylene Diphenyl Isocyanate Market Report
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  • 2023
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