Market Research Blog

   Market Synopsis As per the analysis conducted by Market Research Future (MRFR), the global isocyanates market is estimated to procure the market value of USD 37,906.6 million, while growing at a CAGR of 7.03% during the evaluation period from 2021 to 2030. The extensive application of diisocyanate in methylene toluene diisocyanate (TDI) and diphenyl diisocyanate (MDI) is estimated to be one of the most significant factors expanding the global isocyanates market in 2030. The growing demand for energy-efficient and lightweight construction materials is likely to enhance market growth during the forecast period. Further, the growing environmental concerns are projected to increase the demand for rigid polyurethane foams globally. The market is also anticipated to benefit from the development of high-efficiency bio-based isocyanates, along with the increasing investment in R&D. In addition, the fast expansion of the flourishing building and construction industry, with the rising dem

  Key Players The renowned players of the global isocyanates market are Metsui Chemicals America, Inc., Asahi Kasei Corporation, Evonik Industries AG, DowDuPont, Inc., LANXESS, Tosoh Corporation, BASF SE, Covestro AG, Wanhua Chemical Group Co. Ltd, Vencorex, Cangzhua Dahua Group Co. Ltd, Huntsman International LLC, Komho Mitsui Chemicals Corp, Ltd,  Anderson Development, and China National Bluestar (Group) Co. Regional Analysis Based on the region, the global market for the isocyanate shortage is segmented into Europe, Asia-Pacific, North America, Latin America, and the Middle East and Africa. As per the analysis, the APAC region dominated the global market by acquiring a notable market share of 47.80% in 2017. Further, the region is projected to expand at the highest CAGR with a substantial market value of USD 18,800.4 million by 2023. The presence of developing countries like India, China, Japan, and their constant effort to advance their countries with strapping urbanization and i