LONDON--(BUSINESS WIRE)--The methylene diphenyl diisocyanate (MDI) market is expected to grow by 1.90 million MT during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the methylene diphenyl diisocyanate market in optimistic, probable, and pessimistic forecast scenarios.
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The methylene diphenyl diisocyanate (MDI) market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
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This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Methylene Diphenyl Diisocyanate (MDI) Market Participants:
BASF SE operates its business through segments such as Agricultural Solutions and Other. The company offers a wide range of MDI products such as monomeric MDI, carbodiimide MDI, Polymeric MDI, MDI prepolymers, and mixtures under the brand name Lupranate. These products are used for various applications such as construction, household, appliance, transportation, and oil and gas.
Covestro AG operates its business through segments such as Polyurethanes, Polycarbonates, Coatings, Adhesives, Specialties, and All other segments. The company offers various isocyanate products such as MDI and TDI for producing polyurethane foams. The company offers MDI products to manufacture rigid foam, which is further used to provide thermal insulation for buildings and refrigeration chains. The company offers its isocyanate products under brand names that include Desmodur, Baymidur, and Mondur.
Hexion Inc. operates its business through segments such as Forest Products Resins, Epoxy, Phenolic and Coating Resins, and Corporate and Other. The company offers a range of MDI for a variety of applications such as foam insulation for appliances and construction, binders for composite wood products, and adhesives or sealants for flooring laminates.
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Methylene Diphenyl Diisocyanate (MDI) Market 2020-2024: Segmentation
Methylene diphenyl diisocyanate (MDI) market is segmented as below:
- Rigid Foams
- CASE System
- Flexible Foams
- North America
- South America
The methylene diphenyl diisocyanate (MDI) market is driven by Increasing demand from emerging economies. The methylene diphenyl diisocyanate (MDI) market will witness a CAGR of almost 5% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.