"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Methylene Diphenyl Isocyanate abbreviated as MDI is an aromatic type of isocyanate with three isomers. The isomers are formed due to the varying position of isocyanate group around the rings 2,2’MDI, 2,4’ MDI, and 4,4’MDI. Out of these isomers 4,4’ MDI is the purest and most widely used isomer. MDI reacts with polyols to manufacture polyurethane, an important polymer.
Increasing demand for polyurethane from various end-use sectors is likely to drive the market growth. High demand for polyurethane foams, elastomers, sealants & coatings, adhesives and other products is positively affecting the market. Additionally, the increasing constructional activities is one of the key factor boosting the market growth.
However, production of polyurethane and handling of MDI involves compliance of stringent rules and regulations due to the allergic nature of MDI. This is expected to restrain the market growth.
Key Market Driver -
Increasing demand for polyurethane.
Key Market Restraint -
Stringent environmental regulations.
Based on form, the global methylene diphenyl isocyanate market is segmented into pure MDI, polymeric MDI, and modified MDI. Based on application, is segmented into rigid foam, flexible foam, and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global methylene diphenyl isocyanate market consists of global & regional players operating. Some of the key players in the market include Tosoh, Huntsman, Wanhua, Dow chemical company, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific was the largest and the fastest growing region in 2018 attributed to the expanding construction sector in India coupled with the government initiatives. The North American market is expected to show significant growth attributed to the highly developed electronica and automobile market. Europe is expected to show considerable market due to high automobile manufacturing and constructional activities. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
To gain extensive insights into the market, Request for Customization
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry