DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gz3x5b/global) has announced the addition of the "Global Isocyanates Market 2015-2019" report to their offering.
The analysts forecast the Global Isocyanates market to grow at a CAGR of 7.1% over the period 2014-2019
Isocyanates are highly reactive chemicals that are used to manufacture polyurethanes, which are used in various industrial and commercial sectors. The most common type of isocyanates used are Methylene Diphenyl Diisocyanate (MDI) and Toluene Diisocyanate (TDI).However, isocyanates are hazardous in nature and may cause irritation to skin, breathing problems, and may also cause wheezing if exposed for a prolonged time.
One of the major trends upcoming in this market is the increased investment in isocyanate production, primarily in the TDI and Aliphatic sectors. There is also an increase in demand for other isocyanates such as NDI as a result of the increase in demand for paint and coating. The majority of the capacity additions in the Global Isocyanates market are expected to be in the APAC region because of rapid industrialization and the development of infrastructure during the forecast period of 2014-2019.
According to the report, one of the major drivers of this market is the high growth in the Polyurethanes market. MDI constitutes 49 percent of the Global Isocyanates market; nearly 80 percent of the MDI produced is consumed by the Polyurethanes industry. Therefore, the growing demand in the Global Polyurethanes market is expected to boost the market for isocyanate-based products during the forecast period.
Further, the report states that one of the main challenges of the market is the hazardous nature of isocyanates. Isocyanates are produced by the reaction of amines and phosgene, which are harmful and may cause severe health problems to those exposed to them.
The Global Isocyanates market can be segmented into four divisions:
- Construction and Architecture
- Aerospace and Others
- Bayer MaterialScience
- Yantai Sanjiang Chemical Industry Material
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Global Isocyanates Market
- Market Segmentation by Application
- Market Segmentation by End-user
- Market Segmentation by Type
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/gz3x5b/global