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Isocyanates Market by Manufacturers, Regions, Type and Application, Forecast to 2023
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The global isocyanates market can be classified on the basis of types of isocyanates and applications of isocyanates. On the basis of types of isocyanates the market can be segmented into methylene diphenyl diisocyanate (MDI), aliphatic isocyanate, toluene diisocyanate (TDI) and others (including HDI isocyanurate and HDI biuret).
The global isocyanates market is consolidated and dominated by few major players. Asia-Pacific dominates the global isocyanates market due to high usage of isocyanate in various end-user industries such as construction, electronics and automotive. Europe is the second largest market for isocyanates, Asia-Pacific, especially China has traditionally been the largest producer and exporter of polyurethane materials, owing to availability of cheap labour, raw materials and local government support.
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Major competitors in the global isocyanates market are Ashai Kasei Corporation, BASF SE, Bayer MaterialScience AG, Chemtura Corporation, Huntsman International LLC., The Dow Chemical Company, Mitsui Chemicals, Inc., Hebei Cangzhou New Century Foreign Trade Co., Ltd., Evonik Industries Ag, DAHUA GROUP CO., LTD.., Wanhua Chemical Group Co., Ltd. and Vencorex.
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