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Methylene Diphenyl Diisocyanate Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type (Polymeric MDI, Pure MDI & Modified MDI), By Application Type, By End-use Industry, By Region, and Competition

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    Report

  • 115 Pages
  • December 2022
  • Region: Global
  • TechSci Research
  • ID: 5709851
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Global Methylene Diphenyl Diisocyanate Market is Projected to Grow at an Impressive Rate Through 2028 due to Increasing Demand from Construction Industry.

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Global Methylene Diphenyl Diisocyanate Market is projected to grow at an impressive rate through 2028 due to increasing demand from construction industry. China's construction work sector is growing steadily, reaching a total output value of around USD 3.71 trillion in 2021.

The manufacturing of rigid polyurethane foam, used in various industries, including construction, insulation, refrigeration, and packaging, is predicted to increase demand for methylene diphenyl diisocyanate over the forecast period. For the forecast, expanding end-use industries are anticipated to drive the market. Demand for MDI is anticipated to be driven by rising isocyanate-containing product usage throughout the projected period. For the forecast period, rising polyurethane demand is anticipated to fuel the market. Throughout the projection period, the product's distinctive features and practical adaptability are expected to grow the market. The MDI market is expected to be constrained over the forecast period since excessive exposure to MDI can cause dermatitis, asthma, and rashes on the skin and respiratory tract.

Due to the rising demand for electronic products, including refrigerators, air conditioners, washing machines, cellphones, televisions, and many more, the electrical and electronic sectors experienced tremendous growth. During the anticipated period, the Methylene Diphenyl Di-Isocyanate market will be driven by MDI's expanding use in electronic goods production. The global electronic market is worth over US$ 2 trillion, with India accounting for the highest share with a market worth US$ 118 billion and projected to grow to US$ 125 billion by 2025, according to Invest India. Therefore, between 2022 and 2028, the Methylene Diphenyl Di-Isocyanate market will experience growth due to the expanding electronic market.

Growing Demand of Polyurethane

Methylene diphenyl diisocyanate is one of the primary isocyanates used in synthesizing polyurethanes, which are produced by reacting isocyanates with polyols (MDI). There are two different varieties of polyurethane: polyurethane elastomers and polyurethane foams. Both stiff and flexible foams have uses in various industries, including mattresses, automobiles, and furniture, which leads to a market for the products. MDI chemicals are employed in several industrial and consumer applications, including those involving transportation, rubber and plastic products, paints and coatings, lubricants, and greases. In addition to their common functions as commercial applicators to insulate building walls and roofs, they can also be used to create molds, create sculptures for art exhibitions, and design movie and theater sets. Concrete, walls, and floors can all be waterproofed and sealed with polyurethane coatings. One of the most often used uses for PUs in building and construction is protective coatings. They are used in creating many industrial and consumer goods, including wood flooring, basements, structures, and bridges.

Growing Demand from Automotive Industry

In headrests, armrests, seats, and other interior components, cushioning and insulation, are developed with the help of polyurethane, which is manufactured via methylene diphenyl diisocyanate (MDI). The China Association of Automobile Manufacturers reports that between January 2021 and September 2021, production and sales of new energy cars climbed by 11.6%. Therefore, the polyurethane MDI will be driven by the rising demand for energy-efficient automobiles during the projection period.

Recent Developments

  • In February 2022, Covestro AG launched a climate-neutral MDI. Covestro used alternative raw materials based on plant waste assigned to the products with the aid of certified mass balancing by ISCC PLUS to make the new MDI climate neutral. Numerous applications in the construction, cold chain, and automotive industries are possible for the new MDI grades.
  • In April 2021, Kumho Mitsui Chemicals Inc. increased the manufacturing capacity of its facility in Yeosu, Jeonnam, South Korea, from 410,000 tonnes per year to 610,000 tonnes per year, an increase of 200,000 metric tonnes per year (m.t./yr) of MDI.

Market Segmentation

The global Methylene Diphenyl Diisocyanate market is segmented by type, by application type, and by end use. Based on type, the market is segmented into polymeric MDI, pure MDI & modified MDI. Based on application type, the market is segmented into rigid foams, flexible foams, case systems & others. Based on end use, the market is segmented into electronic appliances, building & construction, transportation & others.

Market players

Wanhua Chemical Group Co. Ltd., Covestro AG, DowDuPont Inc., Kumho Mitsui Chemicals Inc., Tosoh Corporation, BASF SE, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Wanhua-BorsodChem, and Sadara Chemical Company are some of the key market players.

Report Scope:

In this report, Global Methylene Diphenyl Diisocyanate Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Global Methylene Diphenyl Diisocyanate market, by type:

  • Polymeric MDI,
  • Pure MDI
  • Modified MDI

Global Methylene Diphenyl Diisocyanate market, by application type:

  • Rigid Foams
  • Flexible Foams
  • CASE Systems
  • Others

Global Methylene Diphenyl Diisocyanate Market, by end use industry:

  • Electronic Appliances
  • Building & Construction
  • Transportation
  • Others

Global Methylene Diphenyl Diisocyanate Market, by region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • United Kingdom
  • Italy
  • Spain
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies in Global Methylene Diphenyl Diisocyanate Market.

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. Global Methylene Diphenyl Diisocyanate Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Type (Polymeric MDI, Pure MDI & Modified MDI)
5.2.2. By Application Type (Rigid Foams, Flexible Foams, CASE Systems & Others).
5.2.3. By End Use (Electronic Appliances, Building & Construction, Transportation & Others)
5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.5. By Company (2022)
5.3. Market Map
5.3.1. By Type
5.3.2. By Application Type
5.3.3. By End Use
5.3.4. By Region
5.4. Pricing Analysis
6. North America Methylene Diphenyl Diisocyanate Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Application Type
6.2.3. By End Use
6.2.4. By Country
6.3. Pricing Analysis
6.4. North America: Country Analysis
6.4.1. United States Methylene Diphenyl Diisocyanate Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value & Volume
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Type
6.4.1.2.2. By Application Type
6.4.1.2.3. By End Use
6.4.2. Mexico Methylene Diphenyl Diisocyanate Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value & Volume
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Type
6.4.2.2.2. By Application Type
6.4.2.2.3. By End Use
6.4.3. Canada Methylene Diphenyl Diisocyanate Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value & Volume
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Type
6.4.3.2.2. By Application Type
6.4.3.2.3. By End Use
7. Europe Methylene Diphenyl Diisocyanate Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Application Type
7.2.3. By End Use
7.2.4. By Country
7.3. Pricing Analysis
7.4. Europe: Country Analysis
7.4.1. France Methylene Diphenyl Diisocyanate Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value & Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Type
7.4.1.2.2. By Application Type
7.4.1.2.3. By End Use
7.4.2. Germany Methylene Diphenyl Diisocyanate Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value & Volume
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Type
7.4.2.2.2. By Application Type
7.4.2.2.3. By End Use
7.4.3. United Kingdom Methylene Diphenyl Diisocyanate Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value & Volume
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Type
7.4.3.2.2. By Application Type
7.4.3.2.3. By End Use
7.4.4. Italy Methylene Diphenyl Diisocyanate Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value & Volume
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Type
7.4.4.2.2. By Application Type
7.4.4.2.3. By End Use
7.4.5. Spain Methylene Diphenyl Diisocyanate Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value & Volume
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Type
7.4.5.2.2. By Application Type
7.4.5.2.3. By End Use
8. Asia-Pacific Methylene Diphenyl Diisocyanate Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Application Type
8.2.3. By End Use
8.2.4. By Country
8.3. Pricing Analysis
8.4. Asia-Pacific: Country Analysis
8.4.1. China Methylene Diphenyl Diisocyanate Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Type
8.4.1.2.2. By Application Type
8.4.1.2.3. By End Use
8.4.2. India Methylene Diphenyl Diisocyanate Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Type
8.4.2.2.2. By Application Type
8.4.2.2.3. By End Use
8.4.3. Japan Methylene Diphenyl Diisocyanate Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Type
8.4.3.2.2. By Application Type
8.4.3.2.3. By End Use
8.4.4. South Korea Methylene Diphenyl Diisocyanate Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Type
8.4.4.2.2. By Application Type
8.4.4.2.3. By End Use
8.4.5. Australia Methylene Diphenyl Diisocyanate Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Type
8.4.5.2.2. By Application Type
8.4.5.2.3. By End Use
9. South America Methylene Diphenyl Diisocyanate Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Application Type
9.2.3. By End Use
9.2.4. By Country
9.3. Pricing Analysis
9.4. South America: Country Analysis
9.4.1. Brazil Methylene Diphenyl Diisocyanate Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Type
9.4.1.2.2. By Application Type
9.4.1.2.3. By End Use
9.4.2. Argentina Methylene Diphenyl Diisocyanate Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value & Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Type
9.4.2.2.2. By Application Type
9.4.2.2.3. By End Use
9.4.3. Colombia Methylene Diphenyl Diisocyanate Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value & Volume
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Type
9.4.3.2.2. By Application Type
9.4.3.2.3. By End Use
10. Middle East and Africa Methylene Diphenyl Diisocyanate Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Application Type
10.2.3. By End Use
10.2.4. By Country
10.3. Pricing Analysis
10.4. MEA: Country Analysis
10.4.1. South Africa Methylene Diphenyl Diisocyanate Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value & Volume
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Type
10.4.1.2.2. By Application Type
10.4.1.2.3. By End Use
10.4.2. Saudi Arabia Methylene Diphenyl Diisocyanate Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value & Volume
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Type
10.4.2.2.2. By Application Type
10.4.2.2.3. By End Use
10.4.3. UAE Methylene Diphenyl Diisocyanate Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value & Volume
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Type
10.4.3.2.2. By Application Type
10.4.3.2.3. By End Use
10.4.4. Turkey Methylene Diphenyl Diisocyanate Market Outlook
10.4.4.1. Market Size & Forecast
10.4.4.1.1. By Value & Volume
10.4.4.2. Market Share & Forecast
10.4.4.2.1. By Type
10.4.4.2.2. By Application Type
10.4.4.2.3. By End Use
10.4.5. Egypt Methylene Diphenyl Diisocyanate Market Outlook
10.4.5.1. Market Size & Forecast
10.4.5.1.1. By Value & Volume
10.4.5.2. Market Share & Forecast
10.4.5.2.1. By Type
10.4.5.2.2. By Application Type
10.4.5.2.3. By End Use
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
12.1. Merger & Acquisition
12.2. Product Launches
12.3. Recent Developments
13. Porters Five Forces Analysis
13.1. Competition in the Industry
13.2. Potential of New Entrants
13.3. Power of Suppliers
13.4. Power of Customers
13.5. Threat of Substitute Products
14. Competitive Landscape
14.1. Business Overview
14.2. Company Snapshot
14.3. Products & Services
14.4. Financials (In case of listed companies)
14.5. Recent Developments
14.6. SWOT Analysis
14.6.1. Wanhua Chemical Group Co. Ltd.
14.6.2. Covestro AG
14.6.3. DowDuPont Inc
14.6.4. Kumho Mitsui Chemicals Inc.
14.6.5. Tosoh Corporation
14.6.6. BASF SE
14.6.7. Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
14.6.8. Wanhua-BorsodChem
14.6.9. Sadara Chemical Company
14.6.10. Huntsman International LLC
15. Strategic Recommendations

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Wanhua Chemical Group Co. Ltd.
  • Covestro AG
  • DowDuPont Inc
  • Kumho Mitsui Chemicals Inc.
  • Tosoh Corporation
  • BASF SE
  • Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
  • Wanhua-BorsodChem
  • Sadara Chemical Company
  • Huntsman International LLC