About MDI
MDIs (methylene diphenyl diisocyanates) are fundamentally utilized as crude materials for PUs, which are the most adaptable polymers that exist in myriad structures going from rigid foams to dense solid compositions and from flexible foams to elastomers. PUs occur in two structures: PU foams and PU non-foams. Rigid PU foams are mostly utilized as insulators in construction, industrial, packaging, and other consumer applications, and flexible PU foams are utilized as padding materials in transportation, furniture, bedding, floor covering underlay, and packaging applications. Thermosetting elastomers and thermoplastic elastomers are fundamental PU elastomers. Technavio's analysts forecast the global MDI market to grow at a CAGR of 6.55% by volume during 2014-2019.
Covered in this report
Technavio’s report, Global MDI Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on various types of production techniques, applications, and demand-supply dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. The report further includes a discussion of the key vendors operating in this market.The report further provides data on the following segments of the market
Press Release
Technavio Announces the Publication of its Research Report – Global Methylene Diphenyl Isocyanate (MDI) Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Methylene Diphenyl Isocyanate (MDI) Market: BASF, Bayer, Huntsman, Kumho Mitsui and Yantai Wanhua
Other Prominent Vendors in the market are: Chongqing Changfeng Chem, National Petrochemical of Iran, Nippon PU and Shanghai Lianheng
Commenting on the report, an analyst from Technavio’s team said: “Owing to the penetration of adhesives and sealants into new and advanced application markets and the increased use of these products in recent years, the global MDI market has witnessed an increasing demand for these products. The construction industry utilizes adhesives for different applications such as floor structure bonding and beam supporting, attaching interior wallboards and studs, and providing flawless wall surfaces. Structural sealants are also gaining attention in the construction industry. For instance, they can hold the curtain wall panel in place without any mechanical fastening. These adhesives and sealants are also gaining popularity in the medical sector for use in surgical and dental procedures. The increased use of adhesives and sealants will benefit the global MDI market during the forecast period.”
According to the report, MDIs are principally utilized as crude materials for PUs. PUs are the most adaptable polymers, and are used in a number of structures ranging from rigid foams to dense solid compositions and from adaptable foams to elastomers. PUs are accessible in different structures, extending from adaptable or inflexible lightweight froths to intense, firm, and solid elastomers. These features enable their utilization in a wide variety of consumer and industrial applications, including refrigerators, thermal insulation of buildings, household furniture, shoe soles, and automotive seating. Development of end-utilization commercial industries such as construction and electronics will also drive the PU demand in the coming five years. Thermosetting elastomers and thermoplastic elastomers are fundamental types of PU elastomers, of which thermosetting elastomers held the largest market share of 75% of the overall industry in 2014.
Further, the report states that fluctuations in the prices of raw materials used in the MDI manufacturing process are however hampering the growth of the market.
Companies Mentioned
BASF, Bayer, Huntsman, Kumho Mitsui, Yantai Wanhua, Chongqing Changfeng Chem, National Petrochemical of Iran, Nippon PU, Shanghai Lianheng
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook