The advantages offered by MDI such as functional versatility are impelling industries to employ them in consumer electronics, packaging, industrial and other applications.
The global Methylene Diphenyl Diisocyanate (MDI) market is expected to reach USD 38.6 billion by 2026, according to a new report by Reports and Data. MDI’s functional versatility and unique features are likely to stimulate the market demand. Growing demand owing to the availability of cheap labor and land, mainly in the Asia Pacific region is also a key factor influencing market growth.
Over the years, there has been a rapid increase in the use of MDI in the construction industry. MDI is being increasingly adopted for making polyurethane foams. They are extensively used in the construction industry as polymeric concrete components, insulating materials, and sealants, among others. MDI is widely used in the production of particle board (bonding of wood) and mold cores for the foundry industry. According to the U.S. Department of Energy (DOE), heating and cooling account for approximately 56% of the energy use in a typical U.S. home, making it the most significant energy expense for most homes. With rising energy costs, there is a growing interest in making homes and buildings more energy efficient.
Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/996
Top Companies: Wanhua Chemical Group Co., BASF SE, Covestro, DowDuPont, Huntsman Corp, Everchem Specialty Chemicals, Kumho Mitsui Chemicals, Lanxess, Sadara Chemical Company, and Tosoh Corporation among others. Wanhua Chemicals is a key player in the Methylene Diphenyl Diisocyanate (MDI) market. With a global presence in the domestic (China) and overseas market, the company offers HMDI, Monomeric MDI, Modified MDI, and Polymeric MDI. As of 2017, the company’s polyurethane series accounted for USD 4.49 billion.
Further Key Finding From the Report Suggestion:
MDI is used in the production of Flexible Foam. Applications/Products manufactured from flexible foams are widely used in numerous industries due to its versatility, range of potential utilities and its steadily excellent qualities. MDI based Flexible Foam is used as cushioning for a wide variety of consumer and commercial products including furniture, carpet cushion, transportation, bedding, packaging, textiles and fibers.
Asia Pacific market is forecasted to have a significant growth rate in the coming years due to major companies expanding and consolidating their production capacities in the region. For instance, Mitsui Chemicals and SKC co. ltd. formed a joint venture that is targeting for a global sale of about USD 20 billion per year by 2020 and is going to operate in Thailand, Indonesia, Malaysia, the US, and Poland.
To know more about the report: https://www.reportsanddata.com/report-detail/methylene-diphenyl-diisocyanate-mdi-market
Market Segmentation:
Type (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
- Polymeric MDI
- Pure MDI
Raw Material (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
- Crude Oil
- Propylene
- Aniline
- Benzene
- Others
Application (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
- Rigid Foam
- Flexible Foam
- Coatings
- Elastomer
- Adhesive Sealant
- Others
End Use (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
- Construction
- Furniture Interiors
- Electronics Appliances
- Automotive
- Footwear
- Others
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
To Get Insights Speak to Analyst: https://www.reportsanddata.com/inquiry-before-buying/996
Key questions covered in the global Methylene Diphenyl Diisocyanate (MDI) Market report:
- What is the expected market size of the global Methylene Diphenyl Diisocyanate (MDI) Market during the forecast period?
- What factors are expected to hamper global Methylene Diphenyl Diisocyanate (MDI) Market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Methylene Diphenyl Diisocyanate (MDI) Market?
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/996
Thank you for reading the report. Kindly contact us to know more about the customization plan that we offer as per client requirement. Our team will ensure that the report is well suited as per your requirement.
Browse More Reports:
Jojoba Oil Market https://www.reportsanddata.com/report-detail/jojoba-oil-market
Bitumen Market https://www.reportsanddata.com/report-detail/bitumen-market
Graphene Market https://www.reportsanddata.com/report-detail/graphene-market
Smart Coatings Market https://www.reportsanddata.com/report-detail/smart-coatings-market
Permanent Magnet Market https://www.reportsanddata.com/report-detail/permanent-magnets-market
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports
