Methylene Diphenyl Diisocyanate (MDI) Market Growth by 2026

 The advantages offered by MDI such as functional versatility are impelling industries to employ them in consumer electronics, packaging, industrial and other applications.

Methylene Diphenyl Diisocyanate (MDI) Market Size – USD 28.7 billion in 2018, Market Growth - CAGR of 3.9%, Market Trends – Increase in demand for MDI in end-use industries is likely to drive the market growth

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.

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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 findings from the report suggest:

  • 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.

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Market Segmentation:

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The global Methylene Diphenyl Diisocyanate (MDI) market is segmented into:

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 (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

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