Market Research Global Isocynates Market Analysis 2018

The global isocynates market is expected grow at a significant rate during the forecast period,
majorly driven by the increasing demand from polyurethane foam applications. Isocyanates are a
group of highly reactive, low-molecular-weight chemicals. They are commonly dissolved in
aromatic solvents, such as xylene and toluene, which in themselves are toxic. Isocyanates are
highly reactive materials that are used for manufacturing polyurethane products, such as
chemicals, polyurethane foam, insulation materials, surface coatings, car seats, furniture, foam
mattresses, under-carpet padding, packaging materials, shoes, laminated fabrics, polyurethane
rubber, and adhesives.
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forecast-2018-2023/inquiry
Huge Growth in the Polyurethane Foam Application
MDI and TDI is primarily used in production of rigid & flexible polyurethane foams, which are
used as insulating materials in homes, refrigerators, and many other uses. Insulating foams can
help consumer save on their heating and cooling costs. Moreover, these foams are also used in
automotive seats and furniture industry.
The building industry is by far the largest consumer for rigid and spray polyurethane foam. With
rising number of building codes that promote energy-efficient structures, home builders and
consumers are gradually moving toward building strategies that deliver performance and energy
savings in the long run. The growth in automotive industry in the Asia-Pacific region, recovery
of Brazil automotive market in Brazil and automotive production investment in Middle-East &
Africa will drive the demand for polyurethane foams.
Methylene Diphenyl Diisocyanate (MDI) to Dominate the Market
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 (PU) foams. These foams have
good thermal insulation properties and are used in the manufacturing of freezers & 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. The versatility of rigid PU foam makes it
suitable for an extensive range of insulation applications. The building and construction segment
stood as the leading end-user industry amongst all in 2016, and the appliances occupy the next
position. Moreover, rigid PU foam is the leading material used to insulate major appliances, like
refrigerators, freezers, hot water heaters, and vending machines. Rigid PU foam is an essential
and cost-effective material that can be used to meet the required energy ratings in consumer
refrigerators and freezers.
Asia-Pacific dominating the Isocynates Market
In Asia-Pacific, China is the world's largest producer and consumer of polyurethane products.
China's demand for polyurethane products account for about 45% of global demand, and is
expected to maintain a growth rate of around 10% over the next couple years, with the share in
global demand for polyurethane products increasing to 55% by 2017. MDI is primarily used for
polyurethane, in China. Polyurethane, MDIs primary application in India, is witnessing a boom
in opportunities, with the expanding middle class, increasing disposable incomes, and rising
urbanization, supplemented strongly by investments in infrastructure. In Japan, the production of