The Methylene Diphenyl Di-isocyanate (MDI) Market Report 2019-2023 focuses on the global Methylene Diphenyl Di-isocyanate (MDI) status, future forecast, growth opportunity, key market, and key players.
The Methylene Diphenyl Di-isocyanate (MDI) Market report studies the global market size of Methylene Diphenyl Di-isocyanate (MDI) in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Methylene Diphenyl Di-isocyanate (MDI) in these regions. This research report categorizes the global Methylene Diphenyl Di-isocyanate (MDI) market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Methylene Diphenyl Di-isocyanate (MDI) include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- BASF SE
- Gujrat Narmada Valley Fertilizers Company LimitedÂ
- Hindustan Organic Chemicals Limited
- Wanhua Chemical Group Co.
- Dow DuPont
- Sadara Chemical Company
- Kumho Mitsui
- Yantai Wanhua
- Sumitomo Chemical Co.
- Jilin Connell Chemical Industry Co.
Overview of Methylene Diphenyl Di-isocyanate (MDI) Market Research Report 2019-2023:-
The global methylene diphenyl di-isocyanate market is expected to register a CAGR of 5.15% during the forecast period. Methylene diphenyl di-isocyanate (MDI) is a member of the di-isocyanate family associated with polyurethane chemistry.
Increasing Utilization of Polyurethane Foam for Insulations
MDI is primarily used in production of rigid polyurethane foams, which are used as insulating materials in homes, refrigerators, etc. Insulating foams made by MDI can help consumer save their heating and cooling costs. The building industry is by far the largest consumer of rigid and spray polyurethane foam. With the increasing number of building codes that promote energy-efficient structures, home builders and consumers are gradually moving toward building strategies that deliver performance and save energy in the long run. According to the department of energy, heating and cooling costs account for 48% of the energy use in a typical US home. Spray polyurethanes are important solutions in improving a homeâs energy efficiency, along with other insulating foams, such as EPS, XPS, etc.
Rigid Foam is expected to have the Highest Growth
By application, the rigid foam segment of the market studied occupied the largest share, of about 35%, in 2017. 4,4â-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 and 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 or more than 1.5 million metric ton of the demand. 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.
China to Dominate the Market
China is the worlds largest producer and consumer of polyurethane products. Chinas demand for polyurethane products accounts for about 45% of global demand, and is expected to maintain a growth rate of around 10% over the next couple years, with an increase in share to 55% in global demand for polyurethane products, in 2017. MDI is primarily used for polyurethane in China. The government of China views its automotive industry, including the auto parts sector, as one of the countryâs strongest industries. China continues to be the worldâs largest automotive market, with sales of over 28 million units in 2016, a year-on-year growth of 9% from 2015. The Chinese government expects that the countryâs automobile output will reach 30 million units by 2020, and 35 million by 2025. Polyurethanes are widely used in car manufacturing, offering real benefits in terms of comfort, protection, and energy conservation. The aforementioned factors are expected to have a significant impact on the growth of the market.
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Reason to Purchase this ReportAnalyzing various perspectives of the market with the help of Porterâs five forces analysisTo understand the dominating application used in the marketCountries expected to witness the fastest growth during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players.3 months analyst support, along with the Market Estimate sheet (in excel)
Key questions answered in the Methylene Diphenyl Di-isocyanate (MDI) Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Methylene Diphenyl Di-isocyanate (MDI) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Methylene Diphenyl Di-isocyanate (MDI) Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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