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Aromatic Isocyanates-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Aromatic Isocyanates market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Aromatic Isocyanates in various end use industries. The expanding demands from the Polyurethane Foam, Elastomers, Adhesive and Sealant and Coating, are propelling Aromatic Isocyanates market. Toluenediisocyanate (TDI), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Methylenediphenyl Diisocyanate (MDI) segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Aromatic Isocyanates, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Aromatic Isocyanates market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Aromatic Isocyanates market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Aromatic Isocyanates sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Aromatic Isocyanates covered in this report include The Dow Chemical Company, BASF, Wanhua Chemical, Covestro, Huntsman Corporation, Mitsui Chemicals and Lanxess, etc.
The global Aromatic Isocyanates market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
The Dow Chemical Company
BASF
Wanhua Chemical
Covestro
Huntsman Corporation
Mitsui Chemicals
Lanxess
Global Aromatic Isocyanates market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Aromatic Isocyanates market, Segment by Type:
Toluenediisocyanate (TDI)
Methylenediphenyl Diisocyanate (MDI)
Naphthalene 1,5-Diisocyanate (NDI)
P-Phenylene Diisocyanate (PPDI)
Others
Global Aromatic Isocyanates market, by Application
Polyurethane Foam
Elastomers
Adhesive and Sealant
Coating
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Aromatic Isocyanates manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Aromatic Isocyanates in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Aromatic Isocyanates market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Aromatic Isocyanates in various end use industries. The expanding demands from the Polyurethane Foam, Elastomers, Adhesive and Sealant and Coating, are propelling Aromatic Isocyanates market. Toluenediisocyanate (TDI), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Methylenediphenyl Diisocyanate (MDI) segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Aromatic Isocyanates, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Aromatic Isocyanates market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Aromatic Isocyanates market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Aromatic Isocyanates sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Aromatic Isocyanates covered in this report include The Dow Chemical Company, BASF, Wanhua Chemical, Covestro, Huntsman Corporation, Mitsui Chemicals and Lanxess, etc.
The global Aromatic Isocyanates market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
The Dow Chemical Company
BASF
Wanhua Chemical
Covestro
Huntsman Corporation
Mitsui Chemicals
Lanxess
Global Aromatic Isocyanates market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Aromatic Isocyanates market, Segment by Type:
Toluenediisocyanate (TDI)
Methylenediphenyl Diisocyanate (MDI)
Naphthalene 1,5-Diisocyanate (NDI)
P-Phenylene Diisocyanate (PPDI)
Others
Global Aromatic Isocyanates market, by Application
Polyurethane Foam
Elastomers
Adhesive and Sealant
Coating
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Aromatic Isocyanates manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Aromatic Isocyanates in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Aromatic Isocyanates Market Overview
1.1 Aromatic Isocyanates Product Overview
1.2 Aromatic Isocyanates Market Segment by Type
1.2.1 Toluenediisocyanate (TDI)
1.2.2 Methylenediphenyl Diisocyanate (MDI)
1.2.3 Naphthalene 1,5-Diisocyanate (NDI)
1.2.4 P-Phenylene Diisocyanate (PPDI)
1.2.5 Others
1.3 Global Aromatic Isocyanates Market Size by Type
1.3.1 Global Aromatic Isocyanates Market Size Overview by Type (2018-2029)
1.3.2 Global Aromatic Isocyanates Historic Market Size Review by Type (2018-2023)
1.3.3 Global Aromatic Isocyanates Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Aromatic Isocyanates Sales Breakdown by Type (2018-2023)
1.4.2 Europe Aromatic Isocyanates Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Aromatic Isocyanates Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Aromatic Isocyanates Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Aromatic Isocyanates Sales Breakdown by Type (2018-2023)
2 Global Aromatic Isocyanates Market Competition by Company
2.1 Global Top Players by Aromatic Isocyanates Sales (2018-2023)
2.2 Global Top Players by Aromatic Isocyanates Revenue (2018-2023)
2.3 Global Top Players by Aromatic Isocyanates Price (2018-2023)
2.4 Global Top Manufacturers Aromatic Isocyanates Manufacturing Base Distribution, Sales Area, Product Type
2.5 Aromatic Isocyanates Market Competitive Situation and Trends
2.5.1 Aromatic Isocyanates Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Aromatic Isocyanates Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Aromatic Isocyanates as of 2022)
2.7 Date of Key Manufacturers Enter into Aromatic Isocyanates Market
2.8 Key Manufacturers Aromatic Isocyanates Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Aromatic Isocyanates Status and Outlook by Region
3.1 Global Aromatic Isocyanates Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Aromatic Isocyanates Historic Market Size by Region
3.2.1 Global Aromatic Isocyanates Sales in Volume by Region (2018-2023)
3.2.2 Global Aromatic Isocyanates Sales in Value by Region (2018-2023)
3.2.3 Global Aromatic Isocyanates Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Aromatic Isocyanates Forecasted Market Size by Region
3.3.1 Global Aromatic Isocyanates Sales in Volume by Region (2024-2029)
3.3.2 Global Aromatic Isocyanates Sales in Value by Region (2024-2029)
3.3.3 Global Aromatic Isocyanates Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Aromatic Isocyanates by Application
4.1 Aromatic Isocyanates Market Segment by Application
4.1.1 Polyurethane Foam
4.1.2 Elastomers
4.1.3 Adhesive and Sealant
4.1.4 Coating
4.1.5 Others
4.2 Global Aromatic Isocyanates Market Size by Application
4.2.1 Global Aromatic Isocyanates Market Size Overview by Application (2018-2029)
4.2.2 Global Aromatic Isocyanates Historic Market Size Review by Application (2018-2023)
4.2.3 Global Aromatic Isocyanates Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Aromatic Isocyanates Sales Breakdown by Application (2018-2023)
4.3.2 Europe Aromatic Isocyanates Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Aromatic Isocyanates Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Aromatic Isocyanates Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Aromatic Isocyanates Sales Breakdown by Application (2018-2023)
5 North America Aromatic Isocyanates by Country
5.1 North America Aromatic Isocyanates Historic Market Size by Country
5.1.1 North America Aromatic Isocyanates Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Aromatic Isocyanates Sales in Volume by Country (2018-2023)
5.1.3 North America Aromatic Isocyanates Sales in Value by Country (2018-2023)
5.2 North America Aromatic Isocyanates Forecasted Market Size by Country
5.2.1 North America Aromatic Isocyanates Sales in Volume by Country (2024-2029)
5.2.2 North America Aromatic Isocyanates Sales in Value by Country (2024-2029)
6 Europe Aromatic Isocyanates by Country
6.1 Europe Aromatic Isocyanates Historic Market Size by Country
6.1.1 Europe Aromatic Isocyanates Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Aromatic Isocyanates Sales in Volume by Country (2018-2023)
6.1.3 Europe Aromatic Isocyanates Sales in Value by Country (2018-2023)
6.2 Europe Aromatic Isocyanates Forecasted Market Size by Country
6.2.1 Europe Aromatic Isocyanates Sales in Volume by Country (2024-2029)
6.2.2 Europe Aromatic Isocyanates Sales in Value by Country (2024-2029)
7 Asia-Pacific Aromatic Isocyanates by Region
7.1 Asia-Pacific Aromatic Isocyanates Historic Market Size by Region
7.1.1 Asia-Pacific Aromatic Isocyanates Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Aromatic Isocyanates Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Aromatic Isocyanates Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Aromatic Isocyanates Forecasted Market Size by Region
7.2.1 Asia-Pacific Aromatic Isocyanates Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Aromatic Isocyanates Sales in Value by Region (2024-2029)
8 Latin America Aromatic Isocyanates by Country
8.1 Latin America Aromatic Isocyanates Historic Market Size by Country
8.1.1 Latin America Aromatic Isocyanates Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Aromatic Isocyanates Sales in Volume by Country (2018-2023)
8.1.3 Latin America Aromatic Isocyanates Sales in Value by Country (2018-2023)
8.2 Latin America Aromatic Isocyanates Forecasted Market Size by Country
8.2.1 Latin America Aromatic Isocyanates Sales in Volume by Country (2024-2029)
8.2.2 Latin America Aromatic Isocyanates Sales in Value by Country (2024-2029)
9 Middle East and Africa Aromatic Isocyanates by Country
9.1 Middle East and Africa Aromatic Isocyanates Historic Market Size by Country
9.1.1 Middle East and Africa Aromatic Isocyanates Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Aromatic Isocyanates Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Aromatic Isocyanates Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Aromatic Isocyanates Forecasted Market Size by Country
9.2.1 Middle East and Africa Aromatic Isocyanates Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Aromatic Isocyanates Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 The Dow Chemical Company
10.1.1 The Dow Chemical Company Company Information
10.1.2 The Dow Chemical Company Introduction and Business Overview
10.1.3 The Dow Chemical Company Aromatic Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.1.4 The Dow Chemical Company Aromatic Isocyanates Products Offered
10.1.5 The Dow Chemical Company Recent Development
10.2 BASF
10.2.1 BASF Company Information
10.2.2 BASF Introduction and Business Overview
10.2.3 BASF Aromatic Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BASF Aromatic Isocyanates Products Offered
10.2.5 BASF Recent Development
10.3 Wanhua Chemical
10.3.1 Wanhua Chemical Company Information
10.3.2 Wanhua Chemical Introduction and Business Overview
10.3.3 Wanhua Chemical Aromatic Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Wanhua Chemical Aromatic Isocyanates Products Offered
10.3.5 Wanhua Chemical Recent Development
10.4 Covestro
10.4.1 Covestro Company Information
10.4.2 Covestro Introduction and Business Overview
10.4.3 Covestro Aromatic Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Covestro Aromatic Isocyanates Products Offered
10.4.5 Covestro Recent Development
10.5 Huntsman Corporation
10.5.1 Huntsman Corporation Company Information
10.5.2 Huntsman Corporation Introduction and Business Overview
10.5.3 Huntsman Corporation Aromatic Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Huntsman Corporation Aromatic Isocyanates Products Offered
10.5.5 Huntsman Corporation Recent Development
10.6 Mitsui Chemicals
10.6.1 Mitsui Chemicals Company Information
10.6.2 Mitsui Chemicals Introduction and Business Overview
10.6.3 Mitsui Chemicals Aromatic Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Mitsui Chemicals Aromatic Isocyanates Products Offered
10.6.5 Mitsui Chemicals Recent Development
10.7 Lanxess
10.7.1 Lanxess Company Information
10.7.2 Lanxess Introduction and Business Overview
10.7.3 Lanxess Aromatic Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Lanxess Aromatic Isocyanates Products Offered
10.7.5 Lanxess Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Aromatic Isocyanates Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Aromatic Isocyanates Industrial Chain Analysis
11.4 Aromatic Isocyanates Market Dynamics
11.4.1 Aromatic Isocyanates Industry Trends
11.4.2 Aromatic Isocyanates Market Drivers
11.4.3 Aromatic Isocyanates Market Challenges
11.4.4 Aromatic Isocyanates Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Aromatic Isocyanates Distributors
12.3 Aromatic Isocyanates Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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