Dublin, April 03, 2024 (GLOBE NEWSWIRE) -- The "Methylene Diphenyl Diisocyanate Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The future of the global methylene diphenyl diisocyanate market looks promising with opportunities in the building & construction, automotive, electrical & electronic, packaging, furnishing and interior, and footwear markets. The global methylene diphenyl diisocyanate market is expected to reach an estimated $36.6 billion by 2030 with a CAGR of 7.5% from 2024 to 2030.
The major drivers for this market are rising demand for PU insulation in the construction industry and the increased manufacturing of polyurethane composites, growing popularity of bio-based MDI products, as well as, increasing emphasis on sustainability and eco-friendliness.
Key Insights:
- Rigid foam is forecast to remain the larger segment over the forecast period because it is extensively used in the building sector to insulate buildings and residences.
- APAC will remain the largest region over the forecast period because the use of MDI is growing in the region owing to rising demand from sectors like construction, furniture, electronics, and automotive in nations like China, India, and Japan.
Methylene Diphenyl Diisocyanate by Segment
The study includes a forecast for the global methylene diphenyl diisocyanate by form, application, end use, and region.
Methylene Diphenyl Diisocyanate Market by Form:
- Pure MDI
- Polymeric MDI
- Modified MDI
Methylene Diphenyl Diisocyanate Market by Application:
- Rigid Foam
- Flexible Foam
Methylene Diphenyl Diisocyanate Market by End Use:
- Building & Construction
- Automotive
- Electrical & Electronic
- Packaging
- Furnishing And Interior
- Footwear
- Others
Methylene Diphenyl Diisocyanate Market by Region:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Methylene Diphenyl Diisocyanate Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies methylene diphenyl diisocyanate companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Some of the methylene diphenyl diisocyanate companies profiled in this report include:
- Tosoh
- Hexion
- Huntsman International
- BASF
- Redox
- Wanhua Chemical
- TCI Chemicals
- Merck
- DOW
- DHAL OP CHEMICAL
Key Report Features:
- Market Size Estimates: Methylene diphenyl diisocyanate market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Methylene diphenyl diisocyanate market size by form, application, end use, and region in terms of value ($B).
- Regional Analysis: Methylene diphenyl diisocyanate market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different form, application, end use, and regions for the methylene diphenyl diisocyanate market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the methylene diphenyl diisocyanate market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report answers the following key questions:
- What are some of the most promising, high-growth opportunities for the methylene diphenyl diisocyanate market by form (pure MDI, polymeric MDI, and modified MDI), application (rigid foam and flexible foam), end use (building & construction, automotive, electrical & electronic, packaging, furnishing and interior, footwear, and others), and region?
- Which segments will grow at a faster pace and why?
- Which region will grow at a faster pace and why?
- What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- What are the business risks and competitive threats in this market?
- What are the emerging trends in this market and the reasons behind them?
- What are some of the changing demands of customers in the market?
- What are the new developments in the market? Which companies are leading these developments?
- Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For more information about this report visit https://www.researchandmarkets.com/r/fl1a45
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