Global Methylene Diphenyl di-isocyanate (MDI) Market
Methylene Diphenyl Di-isocyanate (MDI) Market
Governor of Louisiana, John Bel Edwards and Zengtai Liao, Chairman and CEO of Wanhua Chemical Group Co., Ltd., announced that the company will develop a chemical manufacturing complex in the state, with plans for the USD 1.12 billion project, leading to a specific site selection later this year. Wanhua produces around 1.8 million tons/year of MDI or about 24% of the world’s total capacity.
Takht-e-Jamshid Petrochemical Complex and the second phase of Karoun Petrochemical Company (KRNPC) were officially inaugurated on Feb 6, 2017, in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province by the first Vice President Es’haq Jahangiri.
The Karoun project, jointly implemented by Iranian companies and the Swedish engineering group Chematur Engineering AB at a cost of USD 375 million, will produce around 40,000 tons of methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI) per year.
The global market for methylene diphenyl di-isocyanate (MDI), valued at USD XX million (by revenue) and XX Kilometric tons (by volume) in 2016, is estimated to reach USD XX million (by revenue) and XX Kilometric tons in 2017(by volume) and is forecasted to record about USD XX million (by revenue) and XX kilotons (by volume), respectively, by 2022, registering a CAGR of X.X% and X.X%, respectively, during 2017-2022 (the forecast period).
Methylene diphenyl diisocyanate (MDI) is a member of the di-isocyanate family associated with polyurethane chemistry.
The MDI market is driven by the Increasing usage in polyurethane foam production and its unique features and functional versatility. Excessive exposure of MDI can be hazardous and cause skin & respiratory tract irritation, asthma and dermatitis, thus affecting the market.
The MDI market has been segmented on the basis of its application and end-user industries. By application, the market is segmented into rigid foam, flexible foam, coatings, elastomers, adhesives & sealants and others. The rigid foam sub-segment is the largest and estimated to register a CAGR XX%, by 2022. Based on end-user industries, the market for MDI is segmented into construction, furniture & interiors, electronics & appliances, automotive, footwear and others.
The market has been segmented, based on the geography, into Asia-Pacific (APAC), North America, Europe, South America and the Middle East & Africa (MEA).
Market Trends and Major Players
Increased use of nanotechnology, in the global methylene diphenyl di-isocyanate (MDI) industry, and the continued growth in solar control glass for glazing applications in tropical countries, are expected to offer numerous opportunities that will propel the market growth.
Major companies dominating the global construction chemicals market, with their products, services and continuous product developments, are as follows:
Key Deliverables in the Study
Market analysis for the global Methylene diphenyl di-isocyanate (MDI) market, with region specific assessments and competition analysis on global and regional scales
Market definition, along with the identification of factors instrumental in changing the market scenarios and prospective opportunities
Extensively researched competitive landscape section, with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global methylene diphenyl di-isocyanate (MDI) market on the global and regional scales
A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information
Insights on the major countries/regions, where this industry is growing and identify the regions that are still untapped