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Isocyanates Market To Fortify Its Growth With Revenues Touching Usd 37,906.6 Million By 2023

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By Author: Market Research Future
Total Articles: 235
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Market Snapshot

Fueled by the strong demand for isocyanate polyurethane foam, global isocyanate sales have surged significantly over the past couple of years. The global isocyanates market is expected to post a compound annual growth rate of 7.03% during the assessment period (2018-2023). A tremendous growth of end-use industries, especially construction and automotive is providing an impetus to the market. Emerging economies are likely to play an important role in propelling the market forwards during the review period. Rising consciousness about environment and increased focus on innovation paving the way for market players.

Key Players Analysis

Asahi Kasei Corporation
Metsui Chemicals America
Evonik Industries AG
LANXESS
DowDuPont
Tosoh Corporation
Huntsman International LLC
Wanhua Chemical Group Co. Ltd
Anderson Development
China National Bluestar
Isocyanates Market Pricing to Fortify its Growth with Revenues Touching USD 37,906.6 Million by 2023

Research Methodology

Market Research Future implements a range of cautiously chosen ...
... methods to create a robust research model. Focusing on veracity, the expert analysts use primary methods such as first-hand interviews with industry decision makers to get an inside look at the industry. After this, the findings from primary methods are affirmed by secondary research methods such as annual reports, SEC filings, and others. To ensure transparency in order to provide reliable market reports, the experts integrate top-down and bottom-up approaches into the research model. This allows data analysts to provide confirmation of many vital market figures to the clients. These figures are then used to provide logical analysis accompanied with apposite industry insights.

Regions

The regional analysis of isocyanates market encompasses regions such as Europe, Asia Pacific, North America, Latin America, Middle East, and Africa. The Asia Pacific region controlled the isocyanates market with a market share of47.80% in 2017. The market in the region is likely to expand at the highest CAGR of 7.68% to reach USD18,800.4 million by the conclusion of the forecast period in 2023. The rapid industrialization and urbanization in developing economies such as India, China, and South Korea are primary drivers motivating the isocyanates market in this region. The accelerated growth pace expected in the automotive industry in China and India is expected to stimulate the product demand in the Asia Pacific region. Furthermore, due to the intensifying per capita disposable income, there has been an upsurge in the consumer spending on items such as bedding, furniture, and upholstery, which is projected to lift the demand for the isocyanates in the furnishing industry in the region. The European region was the next principal market in 2017 and was valued at USD 5,788.0 million. The European region is anticipated to display a CAGR of 5.97% in the forecast period. The market in the North American region is expected progress at a CAGR of 6.57% in the forecast period.

Segments

The segmentation of the isocyanates market is carried out on the basis of types, application, end use, and region. The segmentation of the isocyanates market is carried out on the basis of aromatic diisocynates, aliphatic and others. The aromatic diisocynates segment is further segmented into MDI and TDI. On the basis of application, the isocyanates market is segmented into rigid foam, flexible foam, paints & coatings, adhesive & sealants, elastomers, binders, and others. The end user segment of the isocyanates market comprises of building & construction, furniture, automotive, packaging, electronics, footwear, and others. The regions covered in the isocyanates market globally are Europe, Asia Pacific, North America, Latin America, Middle East, and Africa.

Table Of Figures

FIGURE 1 GLOBAL ISOCYANATE: MARKET STRUCTURE 26

FIGURE 2 KEY TAKEAWAYS OF THE GLOBAL ISOCYANATE 26

FIGURE 3 NORTH AMERICA: MARKET SIZE AND MARKET SHARE, BY COUNTRY (2017 VS 2023) 28

FIGURE 4 EUROPE: MARKET SIZE AND MARKET SHARE, BY COUNTRY (2017 VS 2023) 28

FIGURE 5 ASIA-PACIFIC: MARKET SIZE AND MARKET SHARE, BY COUNTRY (2017 VS 2023) 29

FIGURE 6 LATIN AMERICA: MARKET SIZE AND MARKET SHARE, BY COUNTRY (2017 VS 2023) 29

FIGURE 7 MIDDLE EAST & AFRICA: MARKET SIZE AND MARKET SHARE, BY COUNTRY (2017 VS 2023) 30

FIGURE 8 ISOCYANATES MARKET, BY REGION, 2017 30

FIGURE 9 RESEARCH PROCESS OF MRFR 32

FIGURE 10 TOP-DOWN AND BOTTOM-UP APPROACH 34

FIGURE 11 MARKET DYNAMICS OVERVIEW 37

FIGURE 12 GLOBAL DEMAND FOR POLYURETHANE FOAM FORECAST TO 2023 38

FIGURE 13 DRIVERS IMPACT ANALYSIS: GLOBAL ISOCYANATES MARKET 40

FIGURE 14 RESTRAINTS IMPACT ANALYSIS: GLOBAL ISOCYANATES MARKET 42

FIGURE 15 EUROPE MARKET DYNAMICS OVERVIEW 44

FIGURE 16 DRIVERS IMPACT ANALYSIS: EUROPE ISOCYANATES MARKET 46

FIGURE 17 RESTRAINTS IMPACT ANALYSIS: EUROPE ISOCYANATES MARKET 47

FIGURE 18 SUPPLY CHAIN: GLOBAL ISOCYANATES MARKET 50

FIGURE 19 SUPPLY CHAIN: EUROPE ISOCYANATES MARKET 51

FIGURE 20 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL ISOCYANATES MARKET 52

FIGURE 21 PORTER'S FIVE FORCES ANALYSIS OF THE EUROPE ISOCYANATES MARKET 54

FIGURE 22 GLOBAL ISOCYANATE MARKET, BY TYPE, 2015–2023 (USD MILLION) 60

FIGURE 23 GLOBAL ISOCYANATE MARKET, BY TYPE, 2015–2023 (KILO TONS) 61

FIGURE 24 GLOBAL ISOCYANATE MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 70

FIGURE 25 GLOBAL ISOCYANATE MARKET, BY APPLICATION, 2015–2023 (KILO TONS) 71

FIGURE 26 GLOBAL ISOCYANATE MARKET, BY END-USE, 2015–2023 (USD MILLION) 80

FIGURE 27 GLOBAL ISOCYANATE MARKET, BY END-USE, 2015–2023 (KILO TONS) 81

FIGURE 28 GLOBAL ISOCYANATE MARKET BY REGION, 2017 (VALUE %) 90

FIGURE 29 GLOBAL ISOCYANATE MARKET BY REGION, 2015–2023 (KILO TONS) 91

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