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Methylene diphenyl diisocyanate (MDI) is essential in producing polyurethanes for several applications, including the manufacture of rigid polyurethane foams used for home and refrigerator insulation. Insulation made with MDI can help consumers conserve energy. According to Researcher, the global Methylene Diphenyl Di-Isocyanate (MDI) market is expected to witness a considerable growth rate during the forecast period. The market for Methylene diphenyl diisocyanate (MDI) is likely to be driven by the expansion of the construction industry, mainly with an increase in residential construction worldwide. The increased demand for the utilization of polyurethane foams for insulation is expected to drive the construction sector which in turn will drive the MDI market. Moreover, the growing automotive sector is anticipated to further drive the Methylene diphenyl diisocyanate (MDI) market due to its benefit in terms of protection, comfort, and energy conservation. However, the over-exposure of Methylene diphenyl diisocyanate (MDI) can lead to certain health issues, including respiratory tract irritation, dermatitis, asthma, etc, which is likely to restraint the growth of the studied market during the forecast period.
Asia-Pacific is expected to lead the market due to the rising demand from the industries, such as construction, electronic appliances, furniture, and automotive in countries like China, India, and Japan, the usage of MDI is increasing in the region. Further, in China, MDI is primarily used for polyurethane as the country is the biggest producer as well as consumer of polyurethane.
In terms of end-user, the construction industry is expected to drive the market due to the high usage of rigid polyurethane foam as roof and wall insulation, insulated panels, and gap fillers around doors and windows. Further, this rigid polyurethane foam has various significant environmental benefits, including increased energy efficiency and reduced project weight.
The global Methylene Diphenyl Di-Isocyanate market is consolidated.. Some of the key players in the market are Wanhua Chemical Group Co. Ltd, BASF SE, Covestro, Huntsman International LLC, and Dow, among others.
In January 2020, BASF announced to increase the prices for its Lupranate® MDI (Methylene Diphenyl Diisocyanate) basic products by USD 200 per metric ton in ASEAN and South Asia. These price adjustments are necessary due to higher raw material costs and increased cost of transportation, energy, and regulatory efforts.
Global Methylene Diphenyl Di-Isocyanate (MDI) Market report provides deep insight into the current and future state of Methylene Diphenyl Di-Isocyanate (MDI) market across various regions. The study comprehensively analyzes the Methylene Diphenyl Di-Isocyanate (MDI) market by segmenting based on geography, by Application (Rigid Foam, Flexible Foam, Coatings, Elastomer, Adhesive and Sealant, and Other Applications), End-user Industry (Construction, Furniture and Interiors, Electronics and Appliances, Automotive, Footwear, and Other End-user Industries). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & include emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape section with profiles of major companies including their market shares and projects.
Asia-Pacific is expected to lead the market due to the rising demand from the industries, such as construction, electronic appliances, furniture, and automotive in countries like China, India, and Japan, the usage of MDI is increasing in the region. Further, in China, MDI is primarily used for polyurethane as the country is the biggest producer as well as consumer of polyurethane.
In terms of end-user, the construction industry is expected to drive the market due to the high usage of rigid polyurethane foam as roof and wall insulation, insulated panels, and gap fillers around doors and windows. Further, this rigid polyurethane foam has various significant environmental benefits, including increased energy efficiency and reduced project weight.
The global Methylene Diphenyl Di-Isocyanate market is consolidated.. Some of the key players in the market are Wanhua Chemical Group Co. Ltd, BASF SE, Covestro, Huntsman International LLC, and Dow, among others.
In January 2020, BASF announced to increase the prices for its Lupranate® MDI (Methylene Diphenyl Diisocyanate) basic products by USD 200 per metric ton in ASEAN and South Asia. These price adjustments are necessary due to higher raw material costs and increased cost of transportation, energy, and regulatory efforts.
Global Methylene Diphenyl Di-Isocyanate (MDI) Market report provides deep insight into the current and future state of Methylene Diphenyl Di-Isocyanate (MDI) market across various regions. The study comprehensively analyzes the Methylene Diphenyl Di-Isocyanate (MDI) market by segmenting based on geography, by Application (Rigid Foam, Flexible Foam, Coatings, Elastomer, Adhesive and Sealant, and Other Applications), End-user Industry (Construction, Furniture and Interiors, Electronics and Appliances, Automotive, Footwear, and Other End-user Industries). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & include emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape section with profiles of major companies including their market shares and projects.
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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