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Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Market Research Report 2025
Synopsis
Pure MDI refers to the monomer of MDI, which is white to yellowish crystal at room temperature.Store in an environment below minus 4 ° C.
The global Pure Methylene Diphenyl Diisocyanate (Pure MDI) market was valued at US$ 5922 million in 2023 and is anticipated to reach US$ 8238.8 million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
North American market for Pure Methylene Diphenyl Diisocyanate (Pure MDI) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Pure Methylene Diphenyl Diisocyanate (Pure MDI) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Pure Methylene Diphenyl Diisocyanate (Pure MDI) include Covestro AG, Wanhua, BASF, Kumho Mitsui Chemicals, Tosoh Specialty Chemicals, Bayer, Huntsman and NPU, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Pure Methylene Diphenyl Diisocyanate (Pure MDI), 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 Pure Methylene Diphenyl Diisocyanate (Pure MDI).
Report Scope
The Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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 Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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 Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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 AG
Wanhua
BASF
Kumho Mitsui Chemicals
Tosoh Specialty Chemicals
Bayer
Huntsman
NPU
Segment by Type
Solid
Liquid
Segment by Application
TPU
Synthetic Leather Paste
Microporous Elastomer
General Elastomers
Other
Production by Region
North America
Europe
China
Japan
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 Pure Methylene Diphenyl Diisocyanate (Pure MDI) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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 Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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.
Pure MDI refers to the monomer of MDI, which is white to yellowish crystal at room temperature.Store in an environment below minus 4 ° C.
The global Pure Methylene Diphenyl Diisocyanate (Pure MDI) market was valued at US$ 5922 million in 2023 and is anticipated to reach US$ 8238.8 million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
North American market for Pure Methylene Diphenyl Diisocyanate (Pure MDI) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Pure Methylene Diphenyl Diisocyanate (Pure MDI) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Pure Methylene Diphenyl Diisocyanate (Pure MDI) include Covestro AG, Wanhua, BASF, Kumho Mitsui Chemicals, Tosoh Specialty Chemicals, Bayer, Huntsman and NPU, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Pure Methylene Diphenyl Diisocyanate (Pure MDI), 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 Pure Methylene Diphenyl Diisocyanate (Pure MDI).
Report Scope
The Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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 Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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 Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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 AG
Wanhua
BASF
Kumho Mitsui Chemicals
Tosoh Specialty Chemicals
Bayer
Huntsman
NPU
Segment by Type
Solid
Liquid
Segment by Application
TPU
Synthetic Leather Paste
Microporous Elastomer
General Elastomers
Other
Production by Region
North America
Europe
China
Japan
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 Pure Methylene Diphenyl Diisocyanate (Pure MDI) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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 Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Market Overview
1.1 Product Definition
1.2 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Segment by Type
1.2.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Solid
1.2.3 Liquid
1.3 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Segment by Application
1.3.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 TPU
1.3.3 Synthetic Leather Paste
1.3.4 Microporous Elastomer
1.3.5 General Elastomers
1.3.6 Other
1.4 Global Market Growth Prospects
1.4.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Estimates and Forecasts (2019-2030)
1.4.4 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Market Share by Manufacturers (2019-2024)
2.2 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Pure Methylene Diphenyl Diisocyanate (Pure MDI), Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Pure Methylene Diphenyl Diisocyanate (Pure MDI), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Pure Methylene Diphenyl Diisocyanate (Pure MDI), Product Offered and Application
2.8 Global Key Manufacturers of Pure Methylene Diphenyl Diisocyanate (Pure MDI), Date of Enter into This Industry
2.9 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Market Competitive Situation and Trends
2.9.1 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Pure Methylene Diphenyl Diisocyanate (Pure MDI) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production by Region
3.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value by Region (2019-2030)
3.2.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Pure Methylene Diphenyl Diisocyanate (Pure MDI) by Region (2025-2030)
3.3 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production by Region (2019-2030)
3.4.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Pure Methylene Diphenyl Diisocyanate (Pure MDI) by Region (2025-2030)
3.5 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Market Price Analysis by Region (2019-2024)
3.6 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production and Value, Year-over-Year Growth
3.6.1 North America Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value Estimates and Forecasts (2019-2030)
4 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Consumption by Region
4.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Consumption by Region (2019-2030)
4.2.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Consumption by Region (2019-2024)
4.2.2 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Pure Methylene Diphenyl Diisocyanate (Pure MDI) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Pure Methylene Diphenyl Diisocyanate (Pure MDI) Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Pure Methylene Diphenyl Diisocyanate (Pure MDI) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Pure Methylene Diphenyl Diisocyanate (Pure MDI) Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production by Type (2019-2030)
5.1.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production by Type (2019-2024)
5.1.2 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production by Type (2025-2030)
5.1.3 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Market Share by Type (2019-2030)
5.2 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value by Type (2019-2030)
5.2.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value by Type (2019-2024)
5.2.2 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value by Type (2025-2030)
5.2.3 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value Market Share by Type (2019-2030)
5.3 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Price by Type (2019-2030)
6 Segment by Application
6.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production by Application (2019-2030)
6.1.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production by Application (2019-2024)
6.1.2 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production by Application (2025-2030)
6.1.3 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Market Share by Application (2019-2030)
6.2 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value by Application (2019-2030)
6.2.1 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value by Application (2019-2024)
6.2.2 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value by Application (2025-2030)
6.2.3 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Value Market Share by Application (2019-2030)
6.3 Global Pure Methylene Diphenyl Diisocyanate (Pure MDI) Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Covestro AG
7.1.1 Covestro AG Pure Methylene Diphenyl Diisocyanate (Pure MDI) Corporation Information
7.1.2 Covestro AG Pure Methylene Diphenyl Diisocyanate (Pure MDI) Product Portfolio
7.1.3 Covestro AG Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Covestro AG Main Business and Markets Served
7.1.5 Covestro AG Recent Developments/Updates
7.2 Wanhua
7.2.1 Wanhua Pure Methylene Diphenyl Diisocyanate (Pure MDI) Corporation Information
7.2.2 Wanhua Pure Methylene Diphenyl Diisocyanate (Pure MDI) Product Portfolio
7.2.3 Wanhua Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Wanhua Main Business and Markets Served
7.2.5 Wanhua Recent Developments/Updates
7.3 BASF
7.3.1 BASF Pure Methylene Diphenyl Diisocyanate (Pure MDI) Corporation Information
7.3.2 BASF Pure Methylene Diphenyl Diisocyanate (Pure MDI) Product Portfolio
7.3.3 BASF Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production, Value, Price and Gross Margin (2019-2024)
7.3.4 BASF Main Business and Markets Served
7.3.5 BASF Recent Developments/Updates
7.4 Kumho Mitsui Chemicals
7.4.1 Kumho Mitsui Chemicals Pure Methylene Diphenyl Diisocyanate (Pure MDI) Corporation Information
7.4.2 Kumho Mitsui Chemicals Pure Methylene Diphenyl Diisocyanate (Pure MDI) Product Portfolio
7.4.3 Kumho Mitsui Chemicals Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Kumho Mitsui Chemicals Main Business and Markets Served
7.4.5 Kumho Mitsui Chemicals Recent Developments/Updates
7.5 Tosoh Specialty Chemicals
7.5.1 Tosoh Specialty Chemicals Pure Methylene Diphenyl Diisocyanate (Pure MDI) Corporation Information
7.5.2 Tosoh Specialty Chemicals Pure Methylene Diphenyl Diisocyanate (Pure MDI) Product Portfolio
7.5.3 Tosoh Specialty Chemicals Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Tosoh Specialty Chemicals Main Business and Markets Served
7.5.5 Tosoh Specialty Chemicals Recent Developments/Updates
7.6 Bayer
7.6.1 Bayer Pure Methylene Diphenyl Diisocyanate (Pure MDI) Corporation Information
7.6.2 Bayer Pure Methylene Diphenyl Diisocyanate (Pure MDI) Product Portfolio
7.6.3 Bayer Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Bayer Main Business and Markets Served
7.6.5 Bayer Recent Developments/Updates
7.7 Huntsman
7.7.1 Huntsman Pure Methylene Diphenyl Diisocyanate (Pure MDI) Corporation Information
7.7.2 Huntsman Pure Methylene Diphenyl Diisocyanate (Pure MDI) Product Portfolio
7.7.3 Huntsman Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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 NPU
7.8.1 NPU Pure Methylene Diphenyl Diisocyanate (Pure MDI) Corporation Information
7.8.2 NPU Pure Methylene Diphenyl Diisocyanate (Pure MDI) Product Portfolio
7.8.3 NPU Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production, Value, Price and Gross Margin (2019-2024)
7.8.4 NPU Main Business and Markets Served
7.7.5 NPU Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Industry Chain Analysis
8.2 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Production Mode & Process
8.4 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Sales and Marketing
8.4.1 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Sales Channels
8.4.2 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Distributors
8.5 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Customers
9 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Market Dynamics
9.1 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Industry Trends
9.2 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Market Drivers
9.3 Pure Methylene Diphenyl Diisocyanate (Pure MDI) Market Challenges
9.4 Pure Methylene Diphenyl Diisocyanate (Pure MDI) 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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