Isocyanates Market
Isocyanates Market size is expected to witness potential gains in the future, and register a
significant CAGR of 5.8%
Market Overview
Organic compounds that contain an isocyanate group are referred to as isocyanates. Isocyanates are
highly reactive and low molecular weight chemicals. An isocyanate that has two isocyanate groups
is known as a diisocyanate. It is produced by reacting a primary aliphatic or aromatic amine
dissolved in a solvent such as xylene or monochlorobenzene with phosgene dissolved in the same
solution to produce polyurethane polymers. Isocyanate compounds are found in a diverse range of
industries using chemicals such as two pack spray paints, lacquers, adhesives, certain coatings/
linings and in foam production such as insulation or fillers.
Market Dynamics
Significant growth of the paints and coatings industry is expected to boost growth of the global
isocyanates market. Isocyanates are widely used in the manufacture of coatings such as paints and
varnishes, and elastomers. In the automobile industry, paints usually contain hexamethylene
diisocyanate (HDI) and/or isophorone diisocyanate. Therefore, increasing production of vehicles is
also expected to contribute to the market growth. Isocyanates are also used as primers or adhesives
and in the manufacture of flexible and rigid foams, fibers.
Request Copy Of This Business Report: https://www.coherentmarketinsights.com/market-
insight/isocyanates-market-2888
Market Outlook
Increasing use of polyurethane is expected to boost growth of the global market over the forecast
period. Among regions, Asia Pacific is expected to hold dominant position in the market, with
China and India being the major growth engines. This is attributed to growing end-use industries
such as construction, electronics, and automotive in China and India. The market share of Europe is
expected to be impacted by stringent EU regulations.
Major Keyplayers: Bayer Material Science, The Dow Chemical Company, Yantai Sanjiang
Chemical Industry Material Co., Ltd., Anderson Development Co., and Huntsman Corporation
About Us:
Coherent Market Insights is a global market intelligence and consulting organization that provides
syndicated research reports, customized research reports, and consulting services. We are known for
our actionable insights and authentic reports in various domains including aerospace and defense,
agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and
an exhaustive list of sub-domains under the sun. We create value for clients through our highly
reliable and accurate reports. We are also committed in playing a leading role in offering insights in
various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our
clients.
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: [email protected]
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
Comments