• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Isocyanates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global isocyanates market grew at a CAGR of around 7% during 2014-2019. Isocyanate is an organic compound that includes molecules of the isocyanate group (-NCO) and is manufactured by the reaction of phosgene and amines with water. It is a highly reactive chemical and is produced from raw materials, such as crude oil, propylene, toluene, aniline and benzene. Some of the most common types of isocyanates include aliphatic isocyanate, methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI). They are primarily used for the production of polyurethane (PUR)-based foams, paints, coatings, sealants, binders and sealants and find extensive applications across various industries, including construction, automotive, healthcare, furniture and aerospace. 

Significant growth in the automotive industry, along with rapid industrialization across the globe, especially in the emerging economies, is one of the key factors driving the growth of the market. Furthermore, widespread adoption of isocyanate-based products in the construction industry is also providing a boost to the market growth. Isocyanates exhibit excellent insulation properties, owing to which they are used in the form of rigid PU foams for insulating panels and gap fillers in the spaces around doors and windows. They are also used on the exterior components of the automobiles to minimize the overall vehicular weight and improve the fuel-efficiency. Various advancements, such as the development of bio-based variants, are acting as another growth-inducing factor. With the rising environmental consciousness among the masses, there is an increasing preference for green polyurethanes and renewable isocyanates in place of crude oil-based products. This, along with the implementation of favorable government policies promoting the construction of energy-efficient structures, is projected to drive the market further. Looking forward, IMARC Group expects the market to continue its moderate growth during the next five years.

Breakup by Type:

  • Methylene Diphenyl Diisocyanate (MDI)
  • Toluene Diphenyl Diisocyanate (TDI)
  • Aliphatic Isocyanates
  • Others
     

Breakup by Manufacturing Process:

  • Phosgenation Process
  • Nonphosgenation Process
     

Breakup by Application:

  • Rigid Foam
  • Flexible Foam
  • Paints and Coatings
  • Adhesives and Sealants
  • Elastomers
  • Binders
  • Others
     

Breakup by End-Use Industry:

  • Building and Construction
  • Automotive
  • Healthcare
  • Furniture
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Anderson Development Company, Asahi Kasei Corporation, BASF SE, Bayer AG, Cangzhou Dahua Group Co. Ltd. (China National Agrochemical Corporation), Covestro AG, Evonik Industries AG, Huntsman Corporation, Mitsui Chemicals, The Dow Chemical Company, Wanhua Chemical Group Co. Ltd., etc.

Key Questions Answered in This Report:

  • How has the global isocyanates market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What has been the impact of COVID-19 on the global isocyanates market?
  • What is the breakup of the market based on the manufacturing process?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end-use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global isocyanates market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Isocyanates Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type 
    6.1    Methylene Diphenyl Diisocyanate (MDI)
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Toluene Diphenyl Diisocyanate (TDI)
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Aliphatic Isocyanates
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Manufacturing Process 
    7.1    Phosgenation Process
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Nonphosgenation Process
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Rigid Foam
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Flexible Foam
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Paints and Coatings
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Adhesives and Sealants
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Elastomers
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Binders
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by End-User
    9.1    Building and Construction
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Automotive
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Healthcare
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Furniture
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Indicators
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Anderson Development Company
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
        15.3.2    Asahi Kasei Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials 
           15.3.2.4 SWOT Analysis
        15.3.3    BASF SE
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials 
           15.3.3.4 SWOT Analysis
        15.3.4    Bayer AG
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 Financials 
           15.3.4.4 SWOT Analysis
        15.3.5    Cangzhou Dahua Group Co. Ltd. (China National Agrochemical Corporation)
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Covestro AG
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials 
           15.3.6.4 SWOT Analysis
        15.3.7    Evonik Industries AG
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials 
           15.3.7.4 SWOT Analysis
        15.3.8    Huntsman Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials 
           15.3.8.4 SWOT Analysis
        15.3.9    Mitsui Chemicals
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials 
           15.3.9.4 SWOT Analysis
        15.3.10    The Dow Chemical Company
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
        15.3.11    Wanhua Chemical Group Co. Ltd.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
           15.3.11.3 Financials 
           15.3.11.4 SWOT Analysis


List of Figures

Figure 1: Global: Isocyanates Market: Major Drivers and Challenges
Figure 2: Global: Isocyanates Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Isocyanates Market: Breakup by Type (in %), 2019
Figure 4: Global: Isocyanates Market: Breakup by Manufacturing Process (in %), 2019
Figure 5: Global: Isocyanates Market: Breakup by Application (in %), 2019
Figure 6: Global: Isocyanates Market: Breakup by End-User (in %), 2019
Figure 7: Global: Isocyanates Market: Breakup by Region (in %), 2019
Figure 8: Global: Isocyanates Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Isocyanates (Methylene Diphenyl Diisocyanate) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Isocyanates (Methylene Diphenyl Diisocyanate) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Isocyanates (Toluene Diphenyl Diisocyanate) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Isocyanates (Toluene Diphenyl Diisocyanate) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Isocyanates (Aliphatic Isocyanates) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Isocyanates (Aliphatic Isocyanates) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Isocyanates (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Isocyanates (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Isocyanates (Phosgenation Process) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Isocyanates (Phosgenation Process) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Isocyanates (Nonphosgenation Process) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Isocyanates (Nonphosgenation Process) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Isocyanates (Rigid Foam) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Isocyanates (Rigid Foam) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Isocyanates (Flexible Foam) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Isocyanates (Flexible Foam) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Isocyanates (Paints and Coatings) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Isocyanates (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Isocyanates (Adhesives and Sealants) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Isocyanates (Adhesives and Sealants) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Isocyanates (Elastomers) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Isocyanates (Elastomers) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Isocyanates (Binders) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Isocyanates (Binders) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Isocyanates (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Isocyanates (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Isocyanates (Building and Construction) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Isocyanates (Building and Construction) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Isocyanates (Automotive) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Isocyanates (Automotive) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Global: Isocyanates (Healthcare) Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Global: Isocyanates (Healthcare) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Global: Isocyanates (Furniture) Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Global: Isocyanates (Furniture) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Global: Isocyanates (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Global: Isocyanates (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: North America: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: North America: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: United States: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: United States: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Canada: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Canada: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: Asia Pacific: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: Asia Pacific: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: China: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: China: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Japan: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Japan: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: India: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: India: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: South Korea: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: South Korea: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: Australia: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: Australia: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: Indonesia: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: Indonesia: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: Others: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: Others: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Europe: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Europe: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Germany: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Germany: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: France: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: France: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: United Kingdom: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: United Kingdom: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: Italy: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Italy: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: Spain: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: Spain: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Russia: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: Russia: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: Others: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 82: Others: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 83: Latin America: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 84: Latin America: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 85: Brazil: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 86: Brazil: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 87: Mexico: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 88: Mexico: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 89: Others: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 90: Others: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 91: Middle East and Africa: Isocyanates Market: Sales Value (in Million US$), 2014 & 2019
Figure 92: Middle East and Africa: Isocyanates Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 93: Global: Isocyanates Industry: SWOT Analysis
Figure 94: Global: Isocyanates Industry: Value Chain Analysis
Figure 95: Global: Isocyanates Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Isocyanates Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Isocyanates Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: Global: Isocyanates Market Forecast: Breakup by Manufacturing Process (in Million US$), 2020-2025
Table 4: Global: Isocyanates Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Isocyanates Market Forecast: Breakup by End-User (in Million US$), 2020-2025
Table 6: Global: Isocyanates Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Isocyanates Market Structure
Table 8: Global: Isocyanates Market: Key Players

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