Isocyanates Market: By Type (Aromatic Diisocyanate and Aliphatic), By Application (Rigid Foam, Flexible Foam, Adhesives & Sealants, Paints and Coatings, Elastomers, Binders and Others), By End-Use (Building & Construction, Automotive, Furniture, Footwear, Electronics, Packaging, and Others) and By Region-Forecast till 2023
Market analysis

Fuelled by the solid interest for isocyanate polyurethane foam, the worldwide isocyanate deals have flooded essentially over the recent years. The global isocyanates market is relied upon to post a compound yearly growth rate of 7.03% amid the evaluation time frame (2018-2023). A gigantic development of end-user enterprises, particularly the automotive and construction sector is giving a stimulus to the market. Rising economies are probably going to assume a critical job in pushing the market advances amid the survey time frame. Rising cognizance about the environment and expanded spotlight on development making the way for the major market players.

Market segmentation

The global isocyanates market is classified on the basis of its type, application, end-user, and regional demand. Based on its type, the global isocyanates market is bifurcated into Aliphatic and Aromatic diisocyanate. On the basis of its application, the global isocyanates market is segmented into Flexible foam, Rigid Foam, Elastomers, Paints and coatings, Binders, Adhesives and Sealants, Others. Based on its end-user, the global isocyanates market is classified as Furniture, Building & Construction, Electronics, Footwear, Automotive, Packaging, Others.

Regional analysis

Geographically, the global isocyanates market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

Huntsman International LLC, Vencorex, Cangzhua Dahua Group Co. Ltd, Komho Mitsui Chemicals Corp, China National Bluestar (Group) Co., Ltd, and Anderson Development, Asahi Kasei Corporation, Metsui Chemicals America, Inc., Evonik Industries AG, LANXESS, DowDuPont, Inc., Tosoh Corporation, Covestro AG, BASF SE, Wanhua Chemical Group Co. Ltd, among others, are some of the major players in the global isocyanates market.