DUBLIN--(BUSINESS WIRE)--The "Global Methylene Diphenyl Di-isocyanate (MDI) Market - Segmented by Application and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global methylene diphenyl di-isocyanate market is expected to register a CAGR of 5.15% during the forecast period.
MDI is primarily used in production of rigid polyurethane foams, which are used as insulating materials in homes, refrigerators, etc. Insulating foams made by MDI can help consumers save their heating and cooling costs. The building industry is by far the largest consumer of rigid and spray polyurethane foam. With the increasing number of building codes that promote energy-efficient structures, home builders and consumers are gradually moving toward building strategies that deliver performance and save energy in the long run.
By application, the rigid foam segment of the market studied occupied the largest share, of about 35%, in 2017. 4,4'-MDI is the most widely used isomer among the three isomers of MDI, with major application as a primary feedstock for the production of rigid PU foams. These foams have good thermal insulation properties and are used in the manufacturing of freezers and refrigerators, and in building and automotive applications. PU rigid insulation foams are a major part of the PU industry, representing nearly 20% of the market or more than 1.5 million metric tons of the demand.
China is the world's largest producer and consumer of polyurethane products. China's demand for polyurethane products accounts for about 45% of global demand, and is expected to maintain a growth rate of around 10% over the next couple years. MDI is primarily used for polyurethane in China. The government of China views its automotive industry, including the auto parts sector, as one of the country's strongest industries.
- BASF SE
- Gujrat Narmada Valley Fertilizers Company Limited
- Hindustan Organic Chemicals Limited
- Wanhua Chemical Group Co. Ltd.
- Dow DuPont
- Sadara Chemical Company
- Kumho Mitsui
- Yantai Wanhua
- Sumitomo Chemical Co. Ltd.
- Jilin Connell Chemical Industry Co. Ltd.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
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