Report overview
Isocyanates are organic compounds containing the ?N=C=O group. When two of these functional groups are attached to a compound, in such a case the group is known as a di-isocyanate. There are two types of isocyanate compounds; aromatic isocyanates and aliphatic isocyanates. Aromatic isocyanates involve direct attachment of an NCO group with aromatic rings. Aromatic isocyanates are mainly used in the production of polyurethane foam; which is formed by a reaction between aromatic isocyanates and polyols in the presence of a catalyst. Aromatic Isocyanates are generally used in the production of flexible or rigid foam, elastomers and protective coatings, among others. These compounds are highly reactive and toxic in nature. Owing to their toxic nature special care is taken in their handling and during their production. Raw materials used for the production of aromatic isocyanates are generally tolune, benezene and aniline, among others. Toluenediisocyanate (TDI) and Methylenediphenyl diisocyanate (MDI) these two aromatic which are mostly used in construction industry applications for manufacturing rigid foam.
This report aims to provide a comprehensive presentation of the global market for Aromatic Isocyanates, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Aromatic Isocyanates. This report contains market size and forecasts of Aromatic Isocyanates in global, including the following market information:
Global Aromatic Isocyanates Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Aromatic Isocyanates Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Aromatic Isocyanates companies in 2022 (%)
The global Aromatic Isocyanates market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The demand for aromatic isocyanates stems from the increasing demand for polyurethane foam, especially in the construction industry. Second to that, the demand for adhesives and protective coatings, and their growing applications are expected to, in turn, drive the growth in demand for aromatic isocyanates over the forecast period. Both these factors are expected to propel the growth of aromatic isocyanates market. Prices of raw materials used in the production of aromatic isocyanates depend highly on crude oil prices. This leads to a relatively high margin of fluctuation in prices, which is a key restraint in the aromatic isocyanate market. Various stringent regulations from government associations such as OSHA, REACH, among others, on the production of aromatic isocyanates restrict the growth of this market. Increasing demand for bio based chemicals and the initiative taken by developed countries such as U.S., EU-5 countries, among others, which are expected to impact the demand for the aromatic isocyanates. Also, aromatic isocyanates are produced through a complex process which requires a controlled environment for safety of personnel and process operation. Aromatic isocyanates are generally available in small quantities; if bulk production is made possible it will create a new opportunity for growth of the market.
We surveyed the Aromatic Isocyanates manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Aromatic Isocyanates Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Aromatic Isocyanates Market Segment Percentages, by Type, 2022 (%)
Toluenediisocyanate (TDI)
Methylenediphenyl Diisocyanate (MDI)
Naphthalene 1,5-Diisocyanate (NDI)
P-Phenylene Diisocyanate (PPDI)
Others
Global Aromatic Isocyanates Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Aromatic Isocyanates Market Segment Percentages, by Application, 2022 (%)
Polyurethane Foam
Elastomers
Adhesive and Sealant
Coating
Others
Global Aromatic Isocyanates Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Aromatic Isocyanates Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Aromatic Isocyanates revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Aromatic Isocyanates revenues share in global market, 2022 (%)
Key companies Aromatic Isocyanates sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Aromatic Isocyanates sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
The Dow Chemical Company
BASF
Wanhua Chemical
Covestro
Huntsman Corporation
Mitsui Chemicals
Lanxess
Outline of Major Chapters:
Chapter 1: Introduces the definition of Aromatic Isocyanates, market overview.
Chapter 2: Global Aromatic Isocyanates market size in revenue and volume.
Chapter 3: Detailed analysis of Aromatic Isocyanates manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Aromatic Isocyanates in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Aromatic Isocyanates capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
