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Methylene Diphenyl Diisocyanate (MDI) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22586
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Methylene Diphenyl Diisocyanate (MDI) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Methylene Diphenyl Diisocyanate (MDI) | Petrochemicals | USA | 2130 USD/MT |
| Methylene Diphenyl Diisocyanate (MDI) | Petrochemicals | China | 1990 USD/MT |
| Methylene Diphenyl Diisocyanate (MDI) | Petrochemicals | Europe | 2025 USD/MT |
The price of methylene diphenyl diisocyanate (MDI) in the USA for Q4 2023 reached 2130 USD/MT in December. The price trend continued to decrease owing to cautions buying activities from buyers. Overall, the low demand from downstream industries and the emergence of bio-based polyurethane negatively affected the sector for petrochemical-based polyurethane and isocyanates.
By the end of the quarter, the accessibility of feedstock was impacted by supply chain concerns and the attacks in Red Sea in the Middle East region, affecting the Suez Canal. Despite these challenges, the price of methylene diphenyl diisocyanate (MDI) in Q4 2023 was 1990 USD/MT in China.
In Europe, the methylene diphenyl diisocyanate (MDI) experienced a significant decrease of approximately 17%. By the end of the quarter, the MDI prices reached 2025 USD/MT in the region. The European wood furniture suffered from a housing illusion burst, which led to lower demand for wood furniture following with a decline in polyurethane foam demand from the manufacturing industry. Consequently, the consumption of polyurethane components decreased, while inventory levels remained stable.
Methylene Diphenyl Diisocyanate (MDI) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled Methylene Diphenyl Diisocyanate (MDI) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of methylene diphenyl diisocyanate (MDI) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing methylene diphenyl diisocyanate (MDI) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Methylene Diphenyl Diisocyanate (MDI) Market Analysis
The global methylene diphenyl diisocyanate (MDI) market size reached US$ 27.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 47.1 Billion, at a projected CAGR of 6.2% during 2023-2032.
- The stricter regulations and standards related to environmental protection and product safety are increasing the adoption of MDI as a substantial alternative.
- The methylene diphenyl diisocyanate (MDI) demand is further amplified by its utilization as an energy-effective material to enhance thermal performance and reduce energy consumption.
- The World Bank’s report of 2023 claims that around 50% of the population resides in urban areas, which is expected to increase by 1.5 times to 6 billion by 2045. Rapid urbanization is leading to growing demand for furniture, stimulating the use of MDI-based polyurethane foams in upholstery for comfort and durability.
- The growing number of residential and commercial construction activities across the globe is driving the demand for MDI-based polyurethane foams.
- MDI production is showing an upward trajectory due to the increasing awareness among the masses about the comfort and performance provided by MDI-based polyurethane materials in footwear manufacturing.
- The market share is also expanding due to the increasing demand for methylene diphenyl diisocyanate (MDI in the furniture, automotive, and construction sectors, owing to rising industrialization in emerging nations.
- Methylene diphenyl diisocyanate (MDI) production has also witnessed a considerable surge due to the widespread investment in the polyurethane form sector. According to IMARC Group’s report, the global polyurethane (PU) foam market is expected to reach US$ 87.5 Billion by 2032
- The market is also expanding owing to the rising utilization of industrial sectors like adhesives, sealants, coatings, and insulation materials, which is raising the demand for MDI.
- The growing employment of MDI-based polyurethane coatings and paints for multiple uses, such as corrosion protection, waterproofing, and industrial coatings, is positively influencing the market.
- The increasing adoption of MDI-based polyurethane panels for thermal insulations in refrigerators vehicles, cold storage facilities, and temperature-controlled environments is bolstering the growth of the market.
- Ongoing research and development (R&D) activities focusing on improving the properties and applications of MDI-based polyurethane materials and innovations in formulation techniques are facilitating the market growth.
Methylene Diphenyl Diisocyanate (MDI) News
The report covers the latest developments, updates, and trends impacting the global methylene diphenyl diisocyanate (MDI) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in methylene diphenyl diisocyanate (MDI) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the methylene diphenyl diisocyanate (MDI) industry:
- In 2022, BASF announced a total investment of USD 780 million to expand methylene diphenyl diisocyanate (MDI) plant at its Verbund site in Geismar.
- In 2022, Covestro AG launched the new climate-neutral MDI products by using alternative raw materials based on plant waste.
Product Description
Methylene diphenyl diisocyanate (MDI) belongs to the diisocyanate family, which is a key component in polyurethane manufacturing. It reacts with polyols in a process known as polymerization to form polyurethane. It is a versatile compound popular for its high strength, durability, and insulation properties. It allows for the formulation of polyurethane products with tailored properties, such as different levels of flexibility, hardness, and thermal resistance, to meet specific application requirements. Moreover, MDI-based polyurethane forms provide exceptional thermal insulation, which contributes to energy efficiency in buildings and appliances. Its coatings also resist chemicals, abrasion, and corrosion, improving the lifespan of coated surfaces in harsh environments.
In addition, it is used to produce insulation materials for appliances like refrigerators, freezers, and water heaters to improve energy efficiency and lower operational costs. It is also utilized in the manufacturing of various components like seat cushions, dashboards, headrests, and insulation materials in the automotive industry.
Regional Coverage
The report provides a detailed analysis of the methylene diphenyl diisocyanate (MDI) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.
Global Methylene Diphenyl Diisocyanate (MDI) Price
The report offers a holistic view of the global methylene diphenyl diisocyanate (MDI) pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Methylene Diphenyl Diisocyanate (MDI) Price
The European region has experienced a bearish price trend owing to the low demand from the polyurethane segment, inactive manufacturing activities, and decreased purchases from domestic buyers. Initially, oversupply and the growing interest of downstream buyers in bio-based polyurethane materials contributed to decreased demand. In the middle of the quarter, MDI supply remained stable in the regional market, supported by consistent shipping rates from European hubs, and at the end of the quarter, the prices of MDI observed a fall in prices.
This analysis can be extended to include detailed methylene diphenyl diisocyanate (MDI) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Methylene Diphenyl Diisocyanate (MDI) Price
In North America, the methylene diphenyl diisocyanate (MDI) market has witnessed a bearish price trend throughout Q4 2023. This trend is managed by reduced demand and inactive manufacturing activities in the polyurethane segment. The decrease in prices can be attributed to reduced consumption rates across multiple end-user industries. At first, the demand for polyurethane materials decreased from automotive key players due to a decline in manufacturing activities caused by the strike done by United Auto Workers (UAM). Moreover, the cost support for MDI lowered as the cost of feedstock benzene declined at the beginning of the quarter.
Specific data on methylene diphenyl diisocyanate (MDI) prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Methylene Diphenyl Diisocyanate (MDI) Price
The report explores the methylene diphenyl diisocyanate (MDI) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on methylene diphenyl diisocyanate (MDI) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Methylene Diphenyl Diisocyanate (MDI) Price
The methylene diphenyl diisocyanate (MDI) pricing in the Asia Pacific region experienced a negative trend during the final quarter of the year 2023. This was primarily due to low to moderate demand from downstream industries and a decrease in manufacturing sector activities which led to consistent reduction in prices. Destocking practices by regional producers of isocyanates and low consumption rates from buyers further pushed the prices downward.
This analysis can be further extended to include detailed methylene diphenyl diisocyanate (MDI) prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Methylene Diphenyl Diisocyanate (MDI) Price
The analysis of methylene diphenyl diisocyanate (MDI) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Methylene Diphenyl Diisocyanate (MDI) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of methylene diphenyl diisocyanate (MDI) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting methylene diphenyl diisocyanate (MDI) price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the methylene diphenyl diisocyanate (MDI) industry.
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