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Global Isocyanates Market Research Report 2025
Synopsis
Blocked isocyanate refers to a compound prepared by blocking a blocked group of isocyanate groups (-NCO) by a deblocking reaction that cannot be carried out at a lower temperature. This compound does not undergo polymerization at room temperature, but at a certain temperature and other conditions, the isocyanate groups in the blocked polyurethane can be regenerated, and a crosslinking reaction occurs to form a thermosetting polyurethane. The isocyanate group is blocked by reacting an isocyanate or a prepolymer containing a free isocyanate group with some active hydrogen-containing substance or a substance capable of reacting with an isocyanate group, so that the free isocyanate group is not reactive at normal temperature, that is, isocyanate is achieved. The base is closed. This blocking reaction is a reversible reaction under certain conditions, so that the blocked isocyanate group can function again.
The global Isocyanates market was valued at US$ 30970 million in 2023 and is anticipated to reach US$ 27820 million by 2030, witnessing a CAGR of -1.5% during the forecast period 2024-2030.
The major players in global Isocyanates market include Covestro, Wanhua Chemical, etc. The top 2 players occupy about 40% shares of the global market. China and Europe are main markets, they occupy about 65% of the global market. MDI is the main type, with a share about 65%. Polyurethane Foam is the main application, which holds a share about 80%.
This report aims to provide a comprehensive presentation of the global market for Isocyanates, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Isocyanates.
Report Scope
The Isocyanates market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Isocyanates market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Isocyanates manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Covestro
Evonik
Vencorex
BASF
Asahi Kasei
Wanhua Chemical
Huntsman
DOW
Tosoh
Mitsui
Hanwha Chemical
GNFC
OCI
Cangzhou Dahua
Gansu Yinguang
Juli Fine Chemical
Fujian Southeast Electrochemical
Segment by Type
ADI
MDI
TDI
Segment by Application
Polyurethane Foam
Paints & Coatings
Adhesives & Sealants
Other
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Isocyanates manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Isocyanates by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Isocyanates in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Blocked isocyanate refers to a compound prepared by blocking a blocked group of isocyanate groups (-NCO) by a deblocking reaction that cannot be carried out at a lower temperature. This compound does not undergo polymerization at room temperature, but at a certain temperature and other conditions, the isocyanate groups in the blocked polyurethane can be regenerated, and a crosslinking reaction occurs to form a thermosetting polyurethane. The isocyanate group is blocked by reacting an isocyanate or a prepolymer containing a free isocyanate group with some active hydrogen-containing substance or a substance capable of reacting with an isocyanate group, so that the free isocyanate group is not reactive at normal temperature, that is, isocyanate is achieved. The base is closed. This blocking reaction is a reversible reaction under certain conditions, so that the blocked isocyanate group can function again.
The global Isocyanates market was valued at US$ 30970 million in 2023 and is anticipated to reach US$ 27820 million by 2030, witnessing a CAGR of -1.5% during the forecast period 2024-2030.
The major players in global Isocyanates market include Covestro, Wanhua Chemical, etc. The top 2 players occupy about 40% shares of the global market. China and Europe are main markets, they occupy about 65% of the global market. MDI is the main type, with a share about 65%. Polyurethane Foam is the main application, which holds a share about 80%.
This report aims to provide a comprehensive presentation of the global market for Isocyanates, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Isocyanates.
Report Scope
The Isocyanates market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Isocyanates market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Isocyanates manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Covestro
Evonik
Vencorex
BASF
Asahi Kasei
Wanhua Chemical
Huntsman
DOW
Tosoh
Mitsui
Hanwha Chemical
GNFC
OCI
Cangzhou Dahua
Gansu Yinguang
Juli Fine Chemical
Fujian Southeast Electrochemical
Segment by Type
ADI
MDI
TDI
Segment by Application
Polyurethane Foam
Paints & Coatings
Adhesives & Sealants
Other
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Isocyanates manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Isocyanates by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Isocyanates in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Isocyanates Market Overview
1.1 Product Definition
1.2 Isocyanates Segment by Type
1.2.1 Global Isocyanates Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 ADI
1.2.3 MDI
1.2.4 TDI
1.3 Isocyanates Segment by Application
1.3.1 Global Isocyanates Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Polyurethane Foam
1.3.3 Paints & Coatings
1.3.4 Adhesives & Sealants
1.3.5 Other
1.4 Global Market Growth Prospects
1.4.1 Global Isocyanates Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Isocyanates Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Isocyanates Production Estimates and Forecasts (2019-2030)
1.4.4 Global Isocyanates Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Isocyanates Production Market Share by Manufacturers (2019-2024)
2.2 Global Isocyanates Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Isocyanates, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Isocyanates Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Isocyanates Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Isocyanates, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Isocyanates, Product Offered and Application
2.8 Global Key Manufacturers of Isocyanates, Date of Enter into This Industry
2.9 Isocyanates Market Competitive Situation and Trends
2.9.1 Isocyanates Market Concentration Rate
2.9.2 Global 5 and 10 Largest Isocyanates Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Isocyanates Production by Region
3.1 Global Isocyanates Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Isocyanates Production Value by Region (2019-2030)
3.2.1 Global Isocyanates Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Isocyanates by Region (2025-2030)
3.3 Global Isocyanates Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Isocyanates Production by Region (2019-2030)
3.4.1 Global Isocyanates Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Isocyanates by Region (2025-2030)
3.5 Global Isocyanates Market Price Analysis by Region (2019-2024)
3.6 Global Isocyanates Production and Value, Year-over-Year Growth
3.6.1 North America Isocyanates Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Isocyanates Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Isocyanates Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Isocyanates Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Isocyanates Production Value Estimates and Forecasts (2019-2030)
4 Isocyanates Consumption by Region
4.1 Global Isocyanates Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Isocyanates Consumption by Region (2019-2030)
4.2.1 Global Isocyanates Consumption by Region (2019-2024)
4.2.2 Global Isocyanates Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Isocyanates Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Isocyanates Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Isocyanates Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Isocyanates Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Isocyanates Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Isocyanates Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Isocyanates Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Isocyanates Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Isocyanates Production by Type (2019-2030)
5.1.1 Global Isocyanates Production by Type (2019-2024)
5.1.2 Global Isocyanates Production by Type (2025-2030)
5.1.3 Global Isocyanates Production Market Share by Type (2019-2030)
5.2 Global Isocyanates Production Value by Type (2019-2030)
5.2.1 Global Isocyanates Production Value by Type (2019-2024)
5.2.2 Global Isocyanates Production Value by Type (2025-2030)
5.2.3 Global Isocyanates Production Value Market Share by Type (2019-2030)
5.3 Global Isocyanates Price by Type (2019-2030)
6 Segment by Application
6.1 Global Isocyanates Production by Application (2019-2030)
6.1.1 Global Isocyanates Production by Application (2019-2024)
6.1.2 Global Isocyanates Production by Application (2025-2030)
6.1.3 Global Isocyanates Production Market Share by Application (2019-2030)
6.2 Global Isocyanates Production Value by Application (2019-2030)
6.2.1 Global Isocyanates Production Value by Application (2019-2024)
6.2.2 Global Isocyanates Production Value by Application (2025-2030)
6.2.3 Global Isocyanates Production Value Market Share by Application (2019-2030)
6.3 Global Isocyanates Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Covestro
7.1.1 Covestro Isocyanates Corporation Information
7.1.2 Covestro Isocyanates Product Portfolio
7.1.3 Covestro Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Covestro Main Business and Markets Served
7.1.5 Covestro Recent Developments/Updates
7.2 Evonik
7.2.1 Evonik Isocyanates Corporation Information
7.2.2 Evonik Isocyanates Product Portfolio
7.2.3 Evonik Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Evonik Main Business and Markets Served
7.2.5 Evonik Recent Developments/Updates
7.3 Vencorex
7.3.1 Vencorex Isocyanates Corporation Information
7.3.2 Vencorex Isocyanates Product Portfolio
7.3.3 Vencorex Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Vencorex Main Business and Markets Served
7.3.5 Vencorex Recent Developments/Updates
7.4 BASF
7.4.1 BASF Isocyanates Corporation Information
7.4.2 BASF Isocyanates Product Portfolio
7.4.3 BASF Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.4.4 BASF Main Business and Markets Served
7.4.5 BASF Recent Developments/Updates
7.5 Asahi Kasei
7.5.1 Asahi Kasei Isocyanates Corporation Information
7.5.2 Asahi Kasei Isocyanates Product Portfolio
7.5.3 Asahi Kasei Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Asahi Kasei Main Business and Markets Served
7.5.5 Asahi Kasei Recent Developments/Updates
7.6 Wanhua Chemical
7.6.1 Wanhua Chemical Isocyanates Corporation Information
7.6.2 Wanhua Chemical Isocyanates Product Portfolio
7.6.3 Wanhua Chemical Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Wanhua Chemical Main Business and Markets Served
7.6.5 Wanhua Chemical Recent Developments/Updates
7.7 Huntsman
7.7.1 Huntsman Isocyanates Corporation Information
7.7.2 Huntsman Isocyanates Product Portfolio
7.7.3 Huntsman Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Huntsman Main Business and Markets Served
7.7.5 Huntsman Recent Developments/Updates
7.8 DOW
7.8.1 DOW Isocyanates Corporation Information
7.8.2 DOW Isocyanates Product Portfolio
7.8.3 DOW Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.8.4 DOW Main Business and Markets Served
7.7.5 DOW Recent Developments/Updates
7.9 Tosoh
7.9.1 Tosoh Isocyanates Corporation Information
7.9.2 Tosoh Isocyanates Product Portfolio
7.9.3 Tosoh Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Tosoh Main Business and Markets Served
7.9.5 Tosoh Recent Developments/Updates
7.10 Mitsui
7.10.1 Mitsui Isocyanates Corporation Information
7.10.2 Mitsui Isocyanates Product Portfolio
7.10.3 Mitsui Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Mitsui Main Business and Markets Served
7.10.5 Mitsui Recent Developments/Updates
7.11 Hanwha Chemical
7.11.1 Hanwha Chemical Isocyanates Corporation Information
7.11.2 Hanwha Chemical Isocyanates Product Portfolio
7.11.3 Hanwha Chemical Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Hanwha Chemical Main Business and Markets Served
7.11.5 Hanwha Chemical Recent Developments/Updates
7.12 GNFC
7.12.1 GNFC Isocyanates Corporation Information
7.12.2 GNFC Isocyanates Product Portfolio
7.12.3 GNFC Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.12.4 GNFC Main Business and Markets Served
7.12.5 GNFC Recent Developments/Updates
7.13 OCI
7.13.1 OCI Isocyanates Corporation Information
7.13.2 OCI Isocyanates Product Portfolio
7.13.3 OCI Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.13.4 OCI Main Business and Markets Served
7.13.5 OCI Recent Developments/Updates
7.14 Cangzhou Dahua
7.14.1 Cangzhou Dahua Isocyanates Corporation Information
7.14.2 Cangzhou Dahua Isocyanates Product Portfolio
7.14.3 Cangzhou Dahua Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Cangzhou Dahua Main Business and Markets Served
7.14.5 Cangzhou Dahua Recent Developments/Updates
7.15 Gansu Yinguang
7.15.1 Gansu Yinguang Isocyanates Corporation Information
7.15.2 Gansu Yinguang Isocyanates Product Portfolio
7.15.3 Gansu Yinguang Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Gansu Yinguang Main Business and Markets Served
7.15.5 Gansu Yinguang Recent Developments/Updates
7.16 Juli Fine Chemical
7.16.1 Juli Fine Chemical Isocyanates Corporation Information
7.16.2 Juli Fine Chemical Isocyanates Product Portfolio
7.16.3 Juli Fine Chemical Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Juli Fine Chemical Main Business and Markets Served
7.16.5 Juli Fine Chemical Recent Developments/Updates
7.17 Fujian Southeast Electrochemical
7.17.1 Fujian Southeast Electrochemical Isocyanates Corporation Information
7.17.2 Fujian Southeast Electrochemical Isocyanates Product Portfolio
7.17.3 Fujian Southeast Electrochemical Isocyanates Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Fujian Southeast Electrochemical Main Business and Markets Served
7.17.5 Fujian Southeast Electrochemical Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Isocyanates Industry Chain Analysis
8.2 Isocyanates Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Isocyanates Production Mode & Process
8.4 Isocyanates Sales and Marketing
8.4.1 Isocyanates Sales Channels
8.4.2 Isocyanates Distributors
8.5 Isocyanates Customers
9 Isocyanates Market Dynamics
9.1 Isocyanates Industry Trends
9.2 Isocyanates Market Drivers
9.3 Isocyanates Market Challenges
9.4 Isocyanates Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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