NEW
YORK, Aug. 14, 2024 /PRNewswire/ -- The
global methylene diphenyl diisocyanate (MDI) market size
is estimated to grow by USD 7 billion
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of almost 4.69% during the forecast
period. Growing demand for mdi from emerging economies is
driving market growth, with a trend towards initiatives
for expansion of mdi production capacity. However, stringent
shipping regulations for mdi poses a challenge. Key market
players include BASF SE, Changzhou JLON Composite Co. Ltd.,
Chongqing ChangFeng Chemical Co. Ltd, Covestro AG, Dow Chemical
Co., Everchem Specialty Chemicals, Gomati Impex Pvt Ltd, Hexion
Inc., Huntsman International LLC, Isotherm Puf Panel Pvt. Ltd.,
Kumho Petrochemical Co. Ltd., Kurmy Corp., Lanxess AG, Redox Ltd.,
Sadara Chemical Co., Shilpa Chemspec International Pvt. Ltd., Shri
Salasar Traders, Tosoh Corp., and Wanhua Chemical Group Co.
Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Construction,
Furniture and interiors, Electronics and appliances, Automotive,
and Others), Product (Rigid foam, CASE, Flexible foam, and Others),
and Geography (APAC, Europe, North America, South America, and
Middle East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
BASF SE, Changzhou JLON
Composite Co. Ltd., Chongqing ChangFeng Chemical Co. Ltd, Covestro
AG, Dow Chemical Co., Everchem Specialty Chemicals, Gomati Impex
Pvt Ltd, Hexion Inc., Huntsman International LLC, Isotherm Puf
Panel Pvt. Ltd., Kumho Petrochemical Co. Ltd., Kurmy Corp., Lanxess
AG, Redox Ltd., Sadara Chemical Co., Shilpa Chemspec International
Pvt. Ltd., Shri Salasar Traders, Tosoh Corp., and Wanhua Chemical
Group Co. Ltd.
|
Key Market Trends Fueling Growth
The demand for polyurethane products, utilizing methylene
diphenyl diisocyanate (MDI) as a primary raw material, is expanding
across various industries, including automotive, furniture,
bedding, and construction. This growth is driven by the enhanced
properties of polyurethane products. In response, MDI manufacturers
are expanding or restructuring their production facilities to meet
the increasing demand and cater to the volatility in these
industries. In July 2022, BASF SE
announced an expansion of its MDI production capacity at its
Geismar site, reaching 600,000 metric tons per year by the
mid-decade. Similarly, European MDI producers are restructuring
their facilities to address economic uncertainties. These
developments are projected to positively influence the growth of
the global MDI market.
The Methylene Diphenyl Diisocyanate (MDI) market is thriving,
driven by trends in various industries. In thermal insulation,
MDI's chemical resistance and mechanical strength make it a
preferred choice. In electronics, MDI's role in producing flexible
PU foams for components and casings is significant. The automotive
sector uses MDI for lightweight, fuel-efficient parts like flexible
foams for seating and insulation. BASF's Lupranat ZERO, a
low-emission MDI, caters to environmental regulations.
Technological developments include renewable resources like soybean
oil for ecofriendly MDI production. AI and production process
optimization boost efficiency. New materials like flexible
packaging, coating adhesives, and sports & leisure products
expand applications. The construction industry's expansion fuels
demand for insulation, with energy-efficient buildings using both
rigid and spray foam. The Pure MDI segment serves automotive
components and upholstered furniture, while sustainable products
cater to bedding and carpet markets. International trade and the
automotive sector's growth further boost demand.
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Market Challenges
• The global
Methylene Diphenyl Diisocyanate (MDI) market is experiencing
significant demand due to its extensive use in various industries
such as automotive, construction, and furniture. However, the
growth of this market is being hindered by stringent regulations
governing the shipping of MDI. These regulations, imposed by
organizations like the International Civil Aviation Organization
(ICAO), International Maritime Organization (IMO), the United
States Department of Transportation (USDOT), and the International
Maritime Dangerous Goods Code (IMDG), among others, impose precise
requirements on the transport of MDI by sea, rail, or road. These
regulations pose a challenge to the free movement of MDI products
and may negatively impact the growth of the global MDI market
during the forecast period.
• The Methylene
Diphenyl Diisocyanate (MDI) market faces several challenges in
various industries. In rigid PU foam production, commercial
applications require energy efficiency, reduced project weight, and
weather resistance. Insulated panels, gap fillers, and
one-component foams are key areas where MDI excels in sealing gaps
and covering irregular shapes. For infrastructure investment in
renewable energy, roads and highways, urban infrastructure,
railways, and motor vehicle production, MDI's excellent bond
strength and durability make it an essential raw material. In the
construction sector, MDI is used in buildings, window assembly,
heat insulation, waterproof barriers, and fire insulation. MDI is
also used in infilling applications, such as PU adhesives, and in
the production of aromatic isocyanate, which is a raw material for
polyurethane. However, handling and containment of MDI and its
derivatives, such as Pure MDI, Polymeric MDI, and Modified MDI,
pose challenges due to their reactivity. The Trade Administration,
OICA, and industries using MDI, like furniture and electronic
appliances, must adhere to regulations and ensure safe handling
practices.
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Segment Overview
This methylene diphenyl diisocyanate (mdi) market report
extensively covers market segmentation by
- End-user
- 1.1 Construction
- 1.2 Furniture and interiors
- 1.3 Electronics and appliances
- 1.4 Automotive
- 1.5 Others
- Product
- 2.1 Rigid foam
- 2.2 CASE
- 2.3 Flexible foam
- 2.4 Others
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Construction- Methylene Diphenyl Diisocyanate
(MDI) is a widely used chemical in various industries due to its
desirable properties, including lightweight, strength, durability,
and flexibility. It is an effective insulating agent, making it
ideal for filling wall cavities without damaging the walls. MDI
provides excellent resistance to air infiltration and is used in
the production of rigid foams, coatings, sealants, and adhesives.
The increasing demand for spray polyurethane foam is expected to
boost MDI consumption in the industry. With approximately 753,000
employers and over 7.8 million employees, the US construction
industry generates nearly USD1.8
trillion worth of projects annually. The continuous growth
of construction projects will drive the global MDI market during
the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global polyols market is experiencing robust growth, driven
by rising demand in the construction and automotive industries.
Polyols, essential in producing polyurethane foams, are crucial for
insulation and cushioning applications. Market segmentation
includes polyether and polyester polyols, with significant demand
in regions like North America,
Europe, and Asia-Pacific. Key players, such as BASF and
Dow, are expanding production capacities to meet growing demand.
The market is expected to witness continued growth, supported by
innovations in sustainable polyol production and increasing usage
in diverse industries.
Research Analysis
Methylene Diphenyl Diisocyanate (MDI) is a versatile aromatic
isocyanate used in the production of various chemicals and
polymers. It is primarily utilized in the manufacturing of
Polyurethane (PU) foams for construction insulation, automotive
applications, and window assembly. MDI also finds extensive use in
coatings, adhesives, elastomers, binders, and infilling materials.
MDI is a crucial raw material for producing phosgenefree MDI, which
is preferred due to its reduced toxic effects. The production of
MDI involves the reaction of Aniline, Formaldehyde, and Water. The
handling and containment of MDI require stringent safety measures
due to its toxic nature. MDI's primary applications include heat
insulation, waterproof barriers, and fire insulation. Its use in PU
foams has gained significant traction due to their excellent
insulating properties. The global MDI market is witnessing robust
growth, driven by increasing demand from the construction and
automotive industries. The market's production capacity is expected
to expand further due to ongoing investments in research and
development. Despite its benefits, MDI production and use are
subject to various regulations due to its toxic effects. Proper
safety measures and adherence to regulations are essential to
ensure safe handling and usage of MDI.
Market Research Overview
Methylene Diphenyl Diisocyanate (MDI) is a versatile aromatic
isocyanate used in the production of various products, including
construction materials, automotive components, and polyurethane
(PU) foams, coatings, adhesives, elastomers, binders, insulation,
and more. MDI is essential in construction for insulated panels,
gap fillers, and rigid PU foam, enhancing energy efficiency and
reducing project weight. In the automotive industry, it is used in
the production of motor vehicles, particularly in the manufacture
of PU foams for seat cushions and headrests. MDI is also used in
various industries such as furniture, electronic appliances, and
infrastructure development, including roads and highways, railways,
and urban infrastructure. Regulations regarding toxic effects and
phosgene-free MDI have been implemented to ensure safety and
environmental sustainability. Technological developments have led
to the production of phosgene-free MDI, as well as ecofriendly MDI
derived from renewable resources like soybean oil. The handling and
containment of MDI require careful consideration due to its
reactivity. MDI is produced from raw materials such as aniline,
formaldehyde, and water, and its production process is undergoing
optimization through the use of artificial intelligence. The market
for MDI continues to grow, driven by increasing demand for
energy-efficient insulation, weather-resistant coatings, and
high-performance adhesives.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Construction
- Furniture And Interiors
- Electronics And Appliances
- Automotive
- Others
- Product
-
- Rigid Foam
- CASE
- Flexible Foam
- Others
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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