Global Methylene Diphenyl Diisocyanate Market was valued at US $ 24.8 Billion in 2022 and is expected to reach US $ 46.6 Billion by 2030 growing at a CAGR of 8.2% during the forecast period 2023 – 2030.
The Methylene Diphenyl Diisocyanate (MDI) market refers to the global industry involved in the production, distribution, and utilization of MDI, a versatile chemical compound essential in the manufacture of various polyurethane-based products. MDI finds application in rigid and flexible foams, adhesives, coatings, elastomers, and other formulations. This market encompasses producers, manufacturers, and stakeholders across diverse sectors, including construction, automotive, appliances, and more. It plays a pivotal role in addressing the growing demand for energy-efficient, safe, and environmentally sustainable materials and products while meeting regulatory standards and promoting innovation in numerous industries. The MDI market is characterized by its adaptability, fostering advancements in energy efficiency, safety, comfort, and sustainability across multiple applications.

Some of the benefits of designing a Methylene Diphenyl Diisocyanate Market include:

• Versatility: MDI is a versatile chemical compound used in numerous applications, including rigid and flexible foams, adhesives, coatings, and elastomers, making it a valuable component in various industries.
• Energy Efficiency: MDI-based insulation materials enhance energy efficiency in buildings, appliances, and vehicles, reducing energy consumption and environmental impact. This is particularly important as energy efficiency gains prominence in sustainable practices.
• Safety: In automotive interiors, MDI-based rigid foams contribute to occupant safety by offering excellent energy absorption in the event of collisions, enhancing vehicle safety standards.
• Comfort and Aesthetics: Rigid foams in automotive interiors provide sound and vibration dampening, resulting in a quieter and more comfortable driving experience. Additionally, these materials can be molded into aesthetically pleasing and customized designs, enhancing interior aesthetics.
• Lightweight Materials: The use of MDI in lightweight materials helps reduce the overall weight of vehicles, contributing to improved fuel efficiency, reduced emissions, and better sustainability.

COVID -19 Impact 

The COVID-19 pandemic had a discernible impact on the Methylene Diphenyl Diisocyanate (MDI) market. Supply chain disruptions, induced by lockdowns and transportation restrictions, caused raw material shortages and price fluctuations. Reduced demand in industries like automotive, construction, and manufacturing, due to economic uncertainties, contributed to a decline in MDI utilization. Furthermore, production facilities faced temporary shutdowns, curtailing MDI production and leading to a reduced market supply. The economic repercussions of the pandemic influenced construction projects, impacting MDI demand for insulation and building materials. Shifts in work habits, such as remote work trends, affected the demand for vehicles and construction materials, influencing the MDI market. While the market is gradually recovering as economies adapt to new norms, heightened awareness of health and environmental concerns is expected to influence the demand for eco-friendly MDI-based materials, driving industry changes in the post-pandemic landscape.

Factors Driving the Market

Drivers

Adoption of rigid foams in automotive interiors

The adoption of rigid foams in automotive interiors holds the potential to significantly bolster the growth of the Methylene Diphenyl Diisocyanate (MDI) market. Rigid foams, particularly polyurethane foams, offer a multitude of advantages that are well-aligned with the evolving automotive industry landscape. These foams, known for their lightweight properties, not only contribute to improved fuel efficiency but also aid in the reduction of emissions, meeting stringent environmental regulations and catering to consumer preferences for eco-friendly vehicles. Moreover, rigid foams play a pivotal role in enhancing occupant safety within vehicles due to their exceptional energy absorption capabilities. 

They are integrated into interior components like instrument panels and door panels, further reinforcing their importance as safety measures. The growing emphasis on safety regulations and standards makes rigid foams indispensable in the automotive sector. For instance, According to analysis by Next Move Strategy Consulting, there is a notable projection of substantial growth in the global automotive interior market from 2019 to 2030. Beginning at approximately 215 billion U.S. dollars in 2019, this market is anticipated to expand and reach a valuation of approximately 385 billion U.S. dollars by 2030.

Rigid foams also contribute to a quieter and more comfortable driving experience by dampening noise and vibrations within the vehicle cabin. This enhanced comfort aligns with consumer demands for a premium and enjoyable driving experience. Their thermal insulation properties ensure consistent interior temperatures, adding to climate control and overall comfort.

These foams can be customized to meet specific design requirements, offering aesthetically pleasing and unique interior components, thereby meeting consumer expectations for style and elegance. Furthermore, rigid foams are durable and long-lasting, reducing the need for frequent replacements or repairs, contributing to cost-efficiency and sustainability objectives. With rigid foams meeting stringent safety and emissions regulations, manufacturers can enhance the competitiveness of their vehicles, catering to the demand for advanced features and materials. In conclusion, the adoption of rigid foams in automotive interiors is poised to drive the growth of the MDI market, as these foams continue to be integrated into modern vehicle designs to meet safety, sustainability, and consumer comfort expectations.

Challenges

Stringent Regulations Associated with MDI

Stringent regulations associated with Methylene Diphenyl Diisocyanate (MDI) have a profound impact on its growth trajectory. While these regulations are crucial for ensuring safety and environmental sustainability, they introduce several challenges to the MDI industry. Compliance necessitates substantial investments in pollution control systems, safety measures, and waste management, raising operational costs and potentially leading to higher product prices. Additionally, regulations often require product reformulations, affecting product quality and manufacturing processes. Entry into the market becomes more challenging for new players due to the demanding regulatory landscape. Furthermore, disparities in regulations between countries can create trade barriers, limiting market access for MDI producers. To stay compliant and meet evolving standards, companies need to invest in research and development, which can increase costs and impact product availability. Nevertheless, stringent regulations also shape consumer and industrial preferences, favoring environmentally compliant products. In this context, the MDI industry must balance the benefits of safety and environmental responsibility with the challenges of compliance costs and market dynamics.

Trends

Increasing demand from Appliances

The growth of Methylene Diphenyl Diisocyanate (MDI) in the market is significantly bolstered by the increasing demand from the appliances industry. Appliances like refrigerators, freezers, air conditioners, and water heaters rely on effective insulation to maintain temperature control, and MDI plays a pivotal role in the production of these insulating materials. As global concerns about energy efficiency and environmental impact rise, MDI-based insulation materials have become instrumental in helping appliances meet stringent regulations and reducing their carbon footprint. Consumer preferences for energy-efficient appliances, coupled with a continuous drive for product innovation by manufacturers, further propel the adoption of MDI in this sector. Moreover, the ongoing economic growth, population expansion, and improved living standards result in a natural upsurge in the demand for appliances, thereby escalating the need for MDI, particularly in insulation applications. As a result, MDI's presence in the appliances industry is set to continue expanding, aligning with the growing emphasis on energy efficiency and environmental sustainability.

Market Segmentation 

By Form

• The Pure MDI dominated the Methylene Diphenyl Diisocyanate
• The Polymeric MDI is the fastest growing segment, growing at a CAGR of 9.5% during the forecast period.

By Form, the global Methylene Diphenyl Diisocyanate Market is divided into Pure MDI, Polymeric MDI, Modified MDI.

Pure MDI takes the forefront as the primary variant of Methylene Diphenyl Diisocyanate (MDI), securing more than 65.35% of the global MDI market share. It is acknowledged as the most adaptable and extensively applied form of MDI, featuring in a diverse range of applications that encompass insulation, coatings, adhesives, and elastomers. This was primarily driven by the escalating demand for polymeric MDI, used in the manufacturing of semi-rigid and flexible polyurethane foams, which are extensively employed in a wide range of applications, including insulation for appliances, packaging, and construction. The continuous growth of the global population and evolving consumer preferences have notably increased the demand for refrigerators, coolers, and freezers. Consequently, this has significantly boosted the adoption of polymeric MDI in various product applications over the years.

In contrast, the polymeric MDI (PMDI) form is the swiftly emerging category within the MDI market, poised to attain an impressive Compound Annual Growth Rate (CAGR) exceeding 9.5% over the forecast period from 2023 to 2030. PMDI, being a liquid MDI, offers advantages in terms of ease of handling and transport, distinguishing it from pure MDI. Additionally, PMDI exhibits enhanced resistance to both moisture and heat. the pure MDI segment is poised to experience the swiftest growth in the coming years. This accelerated growth is predominantly attributed to the increasing global awareness surrounding environmental sustainability, which has led to a rising demand for eco-friendly and sustainable products. Pure MDI is gaining extensive utilization in the production of various automotive components, such as car seats, dashboards, and insulation materials, among others.

By Application

• The Rigid Foam dominated the Methylene Diphenyl Diisocyanate
• TheFlexible Foam is the fastest growing segment, growing at a CAGR of 5.6% during the forecast period.

By Application, the global Methylene Diphenyl Diisocyanate Market is divided into Rigid Foam, Flexible Foam.

Rigid foam applications command the predominant share of the Methylene Diphenyl Diisocyanate (MDI) market, representing over 60% of the global MDI market. Rigid foam finds utility in an array of applications, such as insulation, roofing, and flooring, and it plays a crucial role in the automotive and aerospace sectors for crafting lightweight and sturdy components.

Meanwhile, the most rapidly expanding application of MDI is in the realm of flexible foam, projected to achieve an impressive Compound Annual Growth Rate (CAGR) exceeding 8% during the forecast period from 2023 to 2030. Flexible foam serves diverse purposes, including the production of mattresses, cushions, and footwear. Moreover, it is an essential component in the automotive industry, contributing to the creation of seats and various interior components. For instance, in March 2022, the specialty chemicals firm Evonik, headquartered in Germany, unveiled its plans to make a substantial investment in a state-of-the-art production facility dedicated to high-performance rigid polymethacrylimide foam, situated in Darmstadt, Germany.

By End-use Industries

• The Construction segment dominated The Methylene Diphenyl Diisocyanate Market in 2022.
• Electronic and Appliances is the fastest growing segment, growing at a CAGR of 5.3% during the forecast period.

By End-Use Industries the Methylene Diphenyl Diisocyanate Market is divided Construction, Furniture and Interiors, Electronics and Appliances, Automotive, Footwear, Other End-user Industries.

The primary sector driving demand in the Methylene Diphenyl Diisocyanate (MDI) market is the construction industry, contributing to more than 49.3% of the global MDI market share. MDI is an integral component in a diverse range of construction applications, including but not limited to insulation, roofing, and flooring. As stated by the International Trade Administration, the anticipated overall investment in new infrastructure for the duration spanning from 2021 to 2025 is estimated to reach approximately USD 4.2 trillion. China's 14th 5-Year Plans prominently highlights several new initiatives aimed at enhancing energy efficiency and promoting the growth of environmentally sustainable construction. Among these initiatives is the ambitious objective to construct more than 50 million square meters of buildings with zero energy consumption. Moreover, As for the global construction industry, it achieved a valuation of approximately USD 7.3 trillion in 2021. In 2020, the industry saw a decline in value due to temporary halts in construction activities mandated by government-imposed lockdowns aimed at containing the spread of the COVID-19 pandemic. Notably, in 2021, as reported by the US Census Bureau, construction spending amounted to USD 1,590 billion, marking an impressive growth rate of 8.2% when compared to 2020. This surge in construction spending has contributed to an increased demand for Methylene Diphenyl Diisocyanate (MDI) across a wide range of construction applications.

Concurrently, the most rapidly expanding end-use industry within the MDI market is the electronics and appliances sector. Anticipated to achieve a remarkable Compound Annual Growth Rate (CAGR) of over 8.4% during the forecast period spanning from 2023 to 2030, MDI is increasingly employed in various applications within electronics and appliances, encompassing circuit boards, refrigeration systems, and freezers.

By Region

• The APAC region dominated the Methylene Diphenyl Diisocyanate Market in 2022.
• The APAC region is the fastest growing segment, growing at a CAGR of 7.4% during the forecast period.

By region, the global Methylene Diphenyl Diisocyanate Market is divided into North America, Europe, APAC and Others. Others is further divided into Middle East, Africa and South America.

The demand for Methylene Diphenyl Diisocyanate (MDI) is projected to be particularly robust in the Asia Pacific region in the coming years. This elevated demand is primarily attributed to the increasing needs in emerging nations like China and India. China, in particular, is poised to experience a surge in MDI demand due to its advantages, including affordable raw materials, labor resources, and available land, coupled with a regulatory framework that strikes a balance between flexibility and stringency. Furthermore, the growth of key end-use industries such as construction, electronics, and automotive is expected to be a significant driver of the MDI market's expansion in the region during the forecast period. As per data from the International Trade Administration, China stands out as the world's most significant automobile market in both production and sales. 

In 2021, based on the OICA correspondent's survey, China's automotive production reached 26.08 million vehicles, reflecting a 3% increase compared to the 25.23 million vehicles produced in 2020. Furthermore, China also boasts the largest construction market globally, accounting for a substantial 20% of all global construction investments. The nation is projected to invest nearly USD 13 trillion in construction projects by the year 2030. In a parallel trend, India's automotive production experienced remarkable growth in 2021, with a notable 30% increase, as reported by the OICA. According to data from the Society of Indian Automobile Manufacturers (SIAM), India manufactured a total of 4,399,112 units of passenger cars and light vehicles in 2021. In Europe, the market is expected to be the second-largest, with the demand for MDI being propelled by the region's challenging weather conditions, making MDI a valuable insulation agent over the next seven years. However, it's worth noting that the market's growth in Europe may be hindered by stringent environmental protection regulations that are in place, potentially limiting its expansion during the forecast period.

Competitive Landscape

The global Methylene Diphenyl Diisocyanate Market is consolidated with the presence of few major players contributing to the market revenue. This dominance of these major players is driven by their technological expertise, extensive resources, and established brand recognition. These companies typically offered comprehensive and diversified solutions to end use industries.

• Hexion

Hexion, headquartered in Columbus, Ohio, is a prominent global company specializing in the production of thermoset resins, along with associated technologies and specialty products. The broad array of Hexion's offerings serves diverse industries, encompassing transportation, construction, electronics, and energy sectors. At the core of Hexion's product portfolio are thermoset resins, crucial components in the manufacture of various items, including adhesives, coatings, composites, and laminates. These resins are renowned for their exceptional attributes, including robust strength, durability, and remarkable resistance to both high temperatures and chemical exposure. Hexion's specialized product line extends to encompass epoxy curing agents, phenolic curing agents, and coating resins, which play pivotal roles in a range of applications such as automotive coatings, wind turbine blade construction, and circuit board manufacturing.

• Huntsman Corporation

Huntsman Corporation is a multinational American company specializing in the production and distribution of chemical products, serving a diverse clientele that includes both consumers and industrial partners. Their extensive product range encompasses polyurethanes, performance solutions, and adhesives, catering to prominent customers such as BMW, GE, Chevron, Procter & Gamble, Unilever, and Walkaroo. Based in The Woodlands, Texas, Huntsman maintains a global presence, operating a network of over 70 facilities dedicated to manufacturing, research and development, and operational activities spread across more than 30 countries. Their workforce, comprising roughly 9,000 professionals, is distributed across four distinct business divisions. Huntsman's products find application in a wide spectrum of industries, encompassing automotive, aerospace, construction, coatings, adhesives, energy, electronics, and industrial manufacturing, making them a pivotal contributor in multiple sectors.

• Kumho Mitsui Chemicals Corp​.

Kumho Mitsui Chemicals Corp. (KMC) is a South Korean chemical company that represents a collaborative venture between Kumho Petrochemical and Mitsui Chemicals. KMC stands as a foremost manufacturer of Methylene Diphenyl Diisocyanate (MDI), a pivotal raw material integral to the production of polyurethane. MDI is a versatile substance with applications spanning various industries, including automotive, construction, household appliances, and furniture. It serves as the foundation for creating polyurethane foams, which find utilization in insulation, cushioning, and impact mitigation. Moreover, MDI plays a crucial role in the formulation of polyurethane coatings, which provide protective layers against corrosion, abrasion, and chemical damage. KMC operates on a global scale, boasting an annual production capacity exceeding 1 million tons of MDI. The company maintains production facilities in South Korea, China, the United States, and Europe, ensuring a widespread manufacturing presence. Their products reach customers in over 50 countries across the globe, cementing their reputation as an international industry leader.

• Sadara​, Shanghai Lianheng Isocyanate Co. Ltd
• Sumitomo Chemical Co. Ltd
• Tosoh Corporation
• Wanhua​
• Chongqing ChangFeng Chemical Co. Ltd​
• KAROON Petrochemical Company
• Jilin Connell Chemical Industry Co. Ltd.
• Merck KGaA
• Hindustan Organic Chemicals Limited
• Gujarat Narmada Valley Fertilizers Limited
• DHALOP Chemicals
• Covestro AG
• TCI Chemicals Pvt. Ltd
• BASF SE
• Covestro AG
• Dow

Recent Developments

• In July 2022, BASF made a significant investment of USD 780 million to expand its Methylene Diphenyl Diisocyanate (MDI) plant located at its integrated site in Geismar, Louisiana. This expansion project is set to boost the plant's production capacity to 600,000 metric tons annually, with the goal of achieving this increased capacity by the mid-point of the coming decade.
• In February 2022, Covestro AG introduced a new environmentally friendly MDI product line known as "Climate-neutral MDI." Covestro's innovative approach involves utilizing alternative raw materials derived from plant waste, and these materials are then meticulously allocated to the products through a certified mass balancing system in accordance with ISCC PLUS standards. This strategic shift towards sustainable sourcing and production allows Covestro to offer MDI grades that have a reduced environmental impact. These eco-friendly MDI grades find application in a wide range of industries, including construction, cold chain logistics, and automotive manufacturing.

Methylene Diphenyl Diisocyanate Market Scope

Table of Contents

1 INTRODUCTION OF GLOBAL METHYLENE DIPHENYL DIISOCYANATE MARKET

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY 

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL METHYLENE DIPHENYL DIISOCYANATE MARKET OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis

5 GLOBAL METHYLENE DIPHENYL DIISOCYANATE MARKET, BY FORM

5.1 Overview

5.2 Pure MDI

5.3 Polymeric MDI

5.4 Modified MDI

6 GLOBAL METHYLENE DIPHENYL DIISOCYANATE MARKET, BY Application

6.1 Overview

6.2 Rigid Foam

6.3 Flexible Foam

7 GLOBAL METHYLENE DIPHENYL DIISOCYANATE MARKET, BY END-USE INDUSTRY

7.1 Overview

7.2 Construction

7.3 Furniture and Interiors

7.4 Electronics and Appliances

7.5 Automotive

7.6 Footwear

7.7 Other End-user Industries

8 GLOBAL METHYLENE DIPHENYL DIISOCYANATE MARKET, By REGION

8.1 North America

8.1.1 U.S.

8.1.2 Canada

8.2 Europe

8.2.1 Germany

8.2.3 U.K.

8.2.4 France

8.2.5 Rest of Europe

8.3 Asia Pacific

8.3.1 China

8.3.2 Japan

8.3.3 India

8.3.4 South Korea

8.3.5 Singapore

8.3.6 Malaysia

8.3.7 Australia

8.3.8 Thailand

8.3.9 Indonesia

8.3.10 Philippines

8.3.11 Rest of Asia Pacific

8.4 Others

8.4.1 Saudi Arabia

8.4.2 U.A.E.

8.4.3 South Africa

8.4.4 Egypt

8.4.5 Israel

8.4.6 Rest of Middle East and Africa (MEA)

8.4.7 Brazil

8.4.8 Argentina

8.4.9 Mexico

8.4.10 Rest of South America

9 COMPANY PROFILES

9.1  Hexion

9.1.1. Company Overview

9.1.2. Key Executives

9.1.3. Operating Business Segments

9.1.4. Product Portfolio

9.1.5. Financial Performance (As per availability)

9.1.6 Key News

9.2 Covestro AG

9.2.1. Company Overview

9.2.2. Key Executives

9.2.3. Operating Business Segments

9.2.4. Product Portfolio

9.2.5. Financial Performance (As per availability)

9.2.6. Key News

9.3 Huntsman Corporation

9.3.1. Company Overview

9.3.2. Key Executives

9.3.3. Operating Business Segments

9.3.4. Product Portfolio

9.3.5. Financial Performance (As per availability)

9.3.6. Key News

9.4  Dow

9.4.1. Company Overview

9.4.2. Key Executives

9.4.3. Operating Business Segments

9.4.4. Product Portfolio

9.4.5. Financial Performance (As per availability)

9.4.6. Key News

9.5 BASF SE

9.5.1. Company Overview

9.5.2. Key Executives

9.5.3. Operating Business Segments

9.5.4. Product Portfolio

9.5.5. Financial Performance (As per availability)

9.5.6. Key News

9.6 Kumho Mitsui Chemicals Corp​.

9.6.1. Company Overview

9.6.2. Key Executives

9.6.3. Operating Business Segments

9.6.4. Product Portfolio

9.6.5. Financial Performance (As per availability)

9.6.6. Key News

9.7 Sadara​

9.7.1. Company Overview

9.7.2. Key Executives

9.7.3. Operating Business Segments

9.7.4. Product Portfolio

9.7.5. Financial Performance (As per availability)

9.7.6. Key News

9.8 Shanghai Lianheng Isocyanate Co. Ltd

9.8.1. Company Overview

9.8.2. Key Executives

9.8.3. Operating Business Segments

9.8.4. Product Portfolio

9.8.5. Financial Performance (As per availability)

9.8.6. Key News

9.9 Sumitomo Chemical Co. Ltd ​

9.9.1. Company Overview

9.9.2. Key Executives

9.9.3. Operating Business Segments

9.9.4. Product Portfolio

9.9.5. Financial Performance (As per availability)

9.9.6. Key News

9.10 Tosoh Corporation​

9.10.1. Company Overview

9.10.2. Key Executives

9.10.3. Operating Business Segments

9.10.4. Product Portfolio

9.10.5. Financial Performance (As per availability)

9.10.6. Key News

9.11 Wanhua​

9.11.1. Company Overview

9.11.2. Key Executives

9.11.3. Operating Business Segments

9.11.4. Product Portfolio

9.11.5. Financial Performance (As per availability)

9.11.6. Key News

9.12 Chongqing ChangFeng Chemical Co. Ltd​

9.12.1. Company Overview

9.12.2. Key Executives

9.12.3. Operating Business Segments

9.12.4. Product Portfolio

9.12.5. Financial Performance (As per availability)

9.12.6. Key News

9.13 KAROON Petrochemical Company

9.13.1. Company Overview

9.13.2. Key Executives

9.13.3. Operating Business Segments

9.13.4. Product Portfolio

9.13.5. Financial Performance (As per availability)

9.13.6. Key News

9.14  Jilin Connell Chemical Industry Co. Ltd.

9.14.1. Company Overview

9.14.2. Key Executives

9.14.3. Operating Business Segments

9.14.4. Product Portfolio

9.14.5. Financial Performance (As per availability)

9.14.6. Key News

9.15 Merck KGaA

9.15.1. Company Overview

9.15.2. Key Executives

9.15.3. Operating Business Segments

9.15.4. Product Portfolio

9.15.5. Financial Performance (As per availability)

9.15.6. Key News

9.16 Hindustan Organic Chemicals Limited

9.16.1. Company Overview

9.16.2. Key Executives

9.16.3. Operating Business Segments

9.16.4. Product Portfolio

9.16.5. Financial Performance (As per availability)

9.16.6. Key News

9.17 Gujarat Narmada Valley Fertilizers Limited

9.17.1. Company Overview

9.17.2. Key Executives

9.17.3. Operating Business Segments

9.17.4. Product Portfolio

9.17.5. Financial Performance (As per availability)

9.17.6. Key News

9.18  DHALOP Chemicals

9.18.1. Company Overview

9.18.2. Key Executives

9.18.3. Operating Business Segments

9.18.4. Product Portfolio

9.18.5. Financial Performance (As per availability)

9.18.6. Key News

9.19  Covestro AG

9.19.1. Company Overview

9.19.2. Key Executives

9.19.3. Operating Business Segments

9.19.4. Product Portfolio

9.19.5. Financial Performance (As per availability)

9.19.6. Key News

9.20 TCI Chemicals Pvt. Ltd

9.20.1. Company Overview

9.20.2. Key Executives

9.20.3. Operating Business Segments

9.20.4. Product Portfolio

9.20.5. Financial Performance (As per availability)

9.20.6. Key News

Global Methylene Diphenyl Diisocyanate market Segmentation

Methylene Diphenyl Diisocyanate by Form: Market Size & Forecast 2023-2030

• Pure MDI
• Polymeric MDI
• Modified MDI

Methylene Diphenyl Diisocyanate by Application: Market Size & Forecast 2023-2030

• Rigid Form
• Flexible Form

Methylene Diphenyl Diisocyanate by End Use Industry: Market Size & Forecast 2023-2030

• Construction
• Furniture and Interiors
• Electronics and Appliances
• Automotive
• Footwear
• Other End-user Industries

Methylene Diphenyl Diisocyanate by Geography : Market Size & Forecast 2023-2030

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

• Hexion
• Huntsman Corporation
• Kumho Mitsui Chemicals Corp​.
• Sadara​, Shanghai Lianheng Isocyanate Co. Ltd
• Sumitomo Chemical Co. Ltd
• Tosoh Corporation
• Wanhua​
• Chongqing ChangFeng Chemical Co. Ltd​
• KAROON Petrochemical Company
• Jilin Connell Chemical Industry Co. Ltd.
• Merck KGaA
• Hindustan Organic Chemicals Limited
• Gujarat Narmada Valley Fertilizers Limited
• DHALOP Chemicals
• Covestro AG
• TCI Chemicals Pvt. Ltd
• BASF SE
• Covestro AG
• Dow