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Global Isocyanate Market 2018-2022

Global Isocyanate Market 2018-2022

About Isocyanate

Isocyanates are compounds that contain the isocyanate group. These compounds react with the alcohol group compounds to produce polyurethanes.

Technavio’s analysts forecast the global isocyanate market to grow at a CAGR of 6.56% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global isocyanate market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Isocyanate Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Asahi Kasei
  • BASF
  • Covestro
  • DowDuPont
  • Evonik Industries
  • Wanhua Chemical Group
Market driver
  • Rising demand for PU from the automotive industry
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in the price of raw material
  • For a full, detailed list, view our report
Market trend
  • Production of high-efficiency bio-based isocyanate
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Isocyanate Market 2018-2022

Technavio recognizes the following companies as the key players in the global isocyanate market: Asahi Kasei, BASF, Covestro, DowDuPont, Evonik Industries, and Wanhua Chemical Group.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is production of high-efficiency bio-based isocyanate. Types of isocyanate such as TDI, MDI, and HDI are used to form polymers such as polyurethane. These polymers are used to make foam padding for mattresses and seat cushions, gaskets and seals, adhesives, paints, and surface coatings and sealants. TDI is considered to be a carcinogen by the National Institute for Occupational Safety and Health (NIOSH). The workforce engaged in the production of PU polymers and exposed to the liquid resin and isocyanate ingredients regularly and for longer durations need to use the engineering controls, personal protective equipment, and good hygiene practices.”

According to the report, one driver in the market is rising demand for PU from the automotive industry. The demand for isocyanate is primarily growing due to the increased consumption of PU as a material in automotive seating. TDI and MDI are the primarily used raw materials in the production of PU. It has been noticed that the applications of PUs have increased in the past few years. PUs are used in various applications such as coatings and bed liners, boat floors and tire covers, and body parts and instrumental panels. In automobiles, PU solutions are helpful for the formation of lighter-weight parts, shorter production duration, lower cost, higher quality, and fewer volatile organic compounds (VOC) due to the use of water-based PU and reduced emissions.

Further, the report states that one challenge in the market is fluctuations in the price of raw material. The global isocyanate market is influenced by the fluctuation in the price of crude oil or natural gas. Chemical compounds, such as propylene and benzene, are used in the production of TDI (key product type of isocyanate). Any fluctuation in the price of these essential raw materials directly influences the price of isocyanate, which poses a challenge to manufacturers to set prices for the products manufactured by them. A continuous fluctuations in the price of crude oil has been observed since 2000.

Companies Mentioned

Asahi Kasei, BASF, Covestro, DowDuPont, Evonik Industries, and Wanhua Chemical Group.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global specialty chemicals market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global isocyanate market - Market size and forecast 2017-2022 ($ millions)
      • Table Global isocyanate market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product type
    • Segmentation by product type
      • Table Product type - Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product type
    • MDI - Market size and forecast 2017-2022
      • Table MDI - Market size and forecast 2017-2022 ($ millions)
      • Table MDI - Year-over-year growth 2018-2022 (%)
    • TDI - Market size and forecast 2017-2022
      • Table TDI - Market size and forecast 2017-2022 ($ millions)
      • Table TDI - Year-over-year growth 2018-2022 (%)
    • Aliphatic isocyanate - Market size and forecast 2017-2022
      • Table Aliphatic isocyanate - Market size and forecast 2017-2022 ($ millions)
      • Table Aliphatic isocyanate - Year-over-year growth 2018-2022 (%)
    • Other products - Market size and forecast 2017-2022
      • Table Other products - Market size and forecast 2017-2022 ($ millions)
      • Table Other products - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product type
      • Table Market opportunity by product type
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Rigid foams - Market size and forecast 2017-2022
      • Table Rigid foams - Market size and forecast 2017-2022 ($ millions)
      • Table Rigid foams - Year-over-year growth 2018-2022 (%)
    • Flexible foams - Market size and forecast 2017-2022
      • Table Flexible foams - Market size and forecast 2017-2022 ($ millions)
      • Table Flexible foams - Year-over-year growth 2018-2022 (%)
    • Paints and coatings - Market size and forecast 2017-2022
      • Table Paints and coatings - Market size and forecast 2017-2022 ($ millions)
      • Table Paints and coatings - Year-over-year growth 2018-2022 (%)
    • Elastomers - Market size and forecast 2017-2022
      • Table Elastomers - Market size and forecast 2017-2022 ($ millions)
      • Table Elastomers - Year-over-year growth 2018-2022 (%)
    • Other applications - Market size and forecast 2017-2022
      • Table Other applications - Market size and forecast 2017-2022 ($ millions)
      • Table Other products - Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Construction industry - Market size and forecast 2017-2022
      • Table Construction industry - Market size and forecast 2017-2022 ($ millions)
      • Table Construction industry - Year-over-year growth 2018-2022 (%)
    • Automotive industry - Market size and forecast 2017-2022
      • Table Automotive industry - Market size and forecast 2017-2022 ($ millions)
      • Table Automotive industry - Year-over-year growth 2018-2022 (%)
    • Electronics industry - Market size and forecast 2017-2022
      • Table Electronics industry - Market size and forecast 2017-2022 ($ millions)
      • Table Electronics industry - Year-over-year growth 2018-2022 (%)
    • Other industries - Market size and forecast 2017-2022
      • Table Other industries - Market size and forecast 2017-2022 ($ millions)
      • Table Other industries - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global isocyanate market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ millions)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ millions)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ millions)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Fluctuation in the price of natural gas ($ per million Btu)
  • Market trends
    • Production of high-efficiency bio-based isocyanate
    • Neutralization of isocyanate using chemical and natural methods
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Disruption threats
    • Factors driving disruption
    • Sources of disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Asahi Kasei
      • Table Asahi Kasei: Business overview
      • Table Asahi Kasei - Business segments
      • Table Asahi Kasei - Organizational developments
      • Table Asahi Kasei - Geographical focus
      • Table Asahi Kasei - Segment focus
      • Table Asahi Kasei - Key offerings
    • BASF
      • Table BASF: Business overview
      • Table BASF - Business segments
      • Table BASF - Organizational developments
      • Table BASF - Geographical focus
      • Table BASF - Segment focus
      • Table BASF - Key offerings
    • Covestro
      • Table Covestro: Business overview
      • Table Covestro- Business segments
      • Table Covestro - Organizational developments
      • Table Covestro - Geographical focus
      • Table Covestro - Segment focus
      • Table Covestro - Key offerings
    • DowDuPont
      • Table DowDuPont: Business overview
      • Table DowDuPont - Business segments
      • Table DowDuPont - Organizational developments
      • Table DowDuPont - Geographical focus
      • Table DowDuPont - Segment focus
      • Table DowDuPont - Key offerings
    • Evonik Industries
      • Table Evonik Industries: Business overview
      • Table Evonik Industries - Business segments
      • Table Evonik Industries - Organizational developments
      • Table Evonik - Geographical focus
      • Table Evonik - Segment focus
      • Table Evonik - Key offerings
    • Wanhua Chemical Group
      • Table Wanhua Chemical Group: Business overview
      • Table Wanhua Chemical Group- Business segments
      • Table Wanhua Chemical Group - Organizational developments
      • Table Wanhua Chemical Group - Geographical focus
      • Table Wanhua Chemical Group - Segment focus
      • Table Wanhua Chemical Group - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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