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Isocyanates-Global Market Insights and Sales Trends 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 size is expected to reach US$ 27820 million by 2029, growing at a CAGR of -1.5% from 2023 to 2029. The market is mainly driven by the significant applications of Isocyanates in various end use industries. The expanding demands from the Polyurethane Foam, Paints & Coatings, Adhesives & Sealants and Other, are propelling Isocyanates market. ADI, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the MDI segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Isocyanates, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Isocyanates market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Isocyanates market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Isocyanates sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Isocyanates covered in this report include Covestro, Evonik, Vencorex, BASF, Asahi Kasei, Wanhua Chemical, Huntsman, DOW and Tosoh, etc.
The global Isocyanates market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Isocyanates market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Isocyanates market, Segment by Type:
ADI
MDI
TDI
Global Isocyanates market, by Application
Polyurethane Foam
Paints & Coatings
Adhesives & Sealants
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Isocyanates manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Isocyanates in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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 size is expected to reach US$ 27820 million by 2029, growing at a CAGR of -1.5% from 2023 to 2029. The market is mainly driven by the significant applications of Isocyanates in various end use industries. The expanding demands from the Polyurethane Foam, Paints & Coatings, Adhesives & Sealants and Other, are propelling Isocyanates market. ADI, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the MDI segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Isocyanates, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Isocyanates market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Isocyanates market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Isocyanates sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Isocyanates covered in this report include Covestro, Evonik, Vencorex, BASF, Asahi Kasei, Wanhua Chemical, Huntsman, DOW and Tosoh, etc.
The global Isocyanates market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Isocyanates market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Isocyanates market, Segment by Type:
ADI
MDI
TDI
Global Isocyanates market, by Application
Polyurethane Foam
Paints & Coatings
Adhesives & Sealants
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Isocyanates manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Isocyanates in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Isocyanates Market Overview
1.1 Isocyanates Product Overview
1.2 Isocyanates Market Segment by Type
1.2.1 ADI
1.2.2 MDI
1.2.3 TDI
1.3 Global Isocyanates Market Size by Type
1.3.1 Global Isocyanates Market Size Overview by Type (2018-2029)
1.3.2 Global Isocyanates Historic Market Size Review by Type (2018-2023)
1.3.3 Global Isocyanates Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Isocyanates Sales Breakdown by Type (2018-2023)
1.4.2 Europe Isocyanates Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Isocyanates Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Isocyanates Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Isocyanates Sales Breakdown by Type (2018-2023)
2 Global Isocyanates Market Competition by Company
2.1 Global Top Players by Isocyanates Sales (2018-2023)
2.2 Global Top Players by Isocyanates Revenue (2018-2023)
2.3 Global Top Players by Isocyanates Price (2018-2023)
2.4 Global Top Manufacturers Isocyanates Manufacturing Base Distribution, Sales Area, Product Type
2.5 Isocyanates Market Competitive Situation and Trends
2.5.1 Isocyanates Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Isocyanates Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Isocyanates as of 2022)
2.7 Date of Key Manufacturers Enter into Isocyanates Market
2.8 Key Manufacturers Isocyanates Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Isocyanates Status and Outlook by Region
3.1 Global Isocyanates Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Isocyanates Historic Market Size by Region
3.2.1 Global Isocyanates Sales in Volume by Region (2018-2023)
3.2.2 Global Isocyanates Sales in Value by Region (2018-2023)
3.2.3 Global Isocyanates Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Isocyanates Forecasted Market Size by Region
3.3.1 Global Isocyanates Sales in Volume by Region (2024-2029)
3.3.2 Global Isocyanates Sales in Value by Region (2024-2029)
3.3.3 Global Isocyanates Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Isocyanates by Application
4.1 Isocyanates Market Segment by Application
4.1.1 Polyurethane Foam
4.1.2 Paints & Coatings
4.1.3 Adhesives & Sealants
4.1.4 Other
4.2 Global Isocyanates Market Size by Application
4.2.1 Global Isocyanates Market Size Overview by Application (2018-2029)
4.2.2 Global Isocyanates Historic Market Size Review by Application (2018-2023)
4.2.3 Global Isocyanates Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Isocyanates Sales Breakdown by Application (2018-2023)
4.3.2 Europe Isocyanates Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Isocyanates Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Isocyanates Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Isocyanates Sales Breakdown by Application (2018-2023)
5 North America Isocyanates by Country
5.1 North America Isocyanates Historic Market Size by Country
5.1.1 North America Isocyanates Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Isocyanates Sales in Volume by Country (2018-2023)
5.1.3 North America Isocyanates Sales in Value by Country (2018-2023)
5.2 North America Isocyanates Forecasted Market Size by Country
5.2.1 North America Isocyanates Sales in Volume by Country (2024-2029)
5.2.2 North America Isocyanates Sales in Value by Country (2024-2029)
6 Europe Isocyanates by Country
6.1 Europe Isocyanates Historic Market Size by Country
6.1.1 Europe Isocyanates Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Isocyanates Sales in Volume by Country (2018-2023)
6.1.3 Europe Isocyanates Sales in Value by Country (2018-2023)
6.2 Europe Isocyanates Forecasted Market Size by Country
6.2.1 Europe Isocyanates Sales in Volume by Country (2024-2029)
6.2.2 Europe Isocyanates Sales in Value by Country (2024-2029)
7 Asia-Pacific Isocyanates by Region
7.1 Asia-Pacific Isocyanates Historic Market Size by Region
7.1.1 Asia-Pacific Isocyanates Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Isocyanates Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Isocyanates Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Isocyanates Forecasted Market Size by Region
7.2.1 Asia-Pacific Isocyanates Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Isocyanates Sales in Value by Region (2024-2029)
8 Latin America Isocyanates by Country
8.1 Latin America Isocyanates Historic Market Size by Country
8.1.1 Latin America Isocyanates Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Isocyanates Sales in Volume by Country (2018-2023)
8.1.3 Latin America Isocyanates Sales in Value by Country (2018-2023)
8.2 Latin America Isocyanates Forecasted Market Size by Country
8.2.1 Latin America Isocyanates Sales in Volume by Country (2024-2029)
8.2.2 Latin America Isocyanates Sales in Value by Country (2024-2029)
9 Middle East and Africa Isocyanates by Country
9.1 Middle East and Africa Isocyanates Historic Market Size by Country
9.1.1 Middle East and Africa Isocyanates Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Isocyanates Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Isocyanates Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Isocyanates Forecasted Market Size by Country
9.2.1 Middle East and Africa Isocyanates Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Isocyanates Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Covestro
10.1.1 Covestro Company Information
10.1.2 Covestro Introduction and Business Overview
10.1.3 Covestro Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Covestro Isocyanates Products Offered
10.1.5 Covestro Recent Development
10.2 Evonik
10.2.1 Evonik Company Information
10.2.2 Evonik Introduction and Business Overview
10.2.3 Evonik Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Evonik Isocyanates Products Offered
10.2.5 Evonik Recent Development
10.3 Vencorex
10.3.1 Vencorex Company Information
10.3.2 Vencorex Introduction and Business Overview
10.3.3 Vencorex Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Vencorex Isocyanates Products Offered
10.3.5 Vencorex Recent Development
10.4 BASF
10.4.1 BASF Company Information
10.4.2 BASF Introduction and Business Overview
10.4.3 BASF Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.4.4 BASF Isocyanates Products Offered
10.4.5 BASF Recent Development
10.5 Asahi Kasei
10.5.1 Asahi Kasei Company Information
10.5.2 Asahi Kasei Introduction and Business Overview
10.5.3 Asahi Kasei Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Asahi Kasei Isocyanates Products Offered
10.5.5 Asahi Kasei Recent Development
10.6 Wanhua Chemical
10.6.1 Wanhua Chemical Company Information
10.6.2 Wanhua Chemical Introduction and Business Overview
10.6.3 Wanhua Chemical Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Wanhua Chemical Isocyanates Products Offered
10.6.5 Wanhua Chemical Recent Development
10.7 Huntsman
10.7.1 Huntsman Company Information
10.7.2 Huntsman Introduction and Business Overview
10.7.3 Huntsman Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Huntsman Isocyanates Products Offered
10.7.5 Huntsman Recent Development
10.8 DOW
10.8.1 DOW Company Information
10.8.2 DOW Introduction and Business Overview
10.8.3 DOW Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.8.4 DOW Isocyanates Products Offered
10.8.5 DOW Recent Development
10.9 Tosoh
10.9.1 Tosoh Company Information
10.9.2 Tosoh Introduction and Business Overview
10.9.3 Tosoh Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Tosoh Isocyanates Products Offered
10.9.5 Tosoh Recent Development
10.10 Mitsui
10.10.1 Mitsui Company Information
10.10.2 Mitsui Introduction and Business Overview
10.10.3 Mitsui Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Mitsui Isocyanates Products Offered
10.10.5 Mitsui Recent Development
10.11 Hanwha Chemical
10.11.1 Hanwha Chemical Company Information
10.11.2 Hanwha Chemical Introduction and Business Overview
10.11.3 Hanwha Chemical Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Hanwha Chemical Isocyanates Products Offered
10.11.5 Hanwha Chemical Recent Development
10.12 GNFC
10.12.1 GNFC Company Information
10.12.2 GNFC Introduction and Business Overview
10.12.3 GNFC Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.12.4 GNFC Isocyanates Products Offered
10.12.5 GNFC Recent Development
10.13 OCI
10.13.1 OCI Company Information
10.13.2 OCI Introduction and Business Overview
10.13.3 OCI Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.13.4 OCI Isocyanates Products Offered
10.13.5 OCI Recent Development
10.14 Cangzhou Dahua
10.14.1 Cangzhou Dahua Company Information
10.14.2 Cangzhou Dahua Introduction and Business Overview
10.14.3 Cangzhou Dahua Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Cangzhou Dahua Isocyanates Products Offered
10.14.5 Cangzhou Dahua Recent Development
10.15 Gansu Yinguang
10.15.1 Gansu Yinguang Company Information
10.15.2 Gansu Yinguang Introduction and Business Overview
10.15.3 Gansu Yinguang Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Gansu Yinguang Isocyanates Products Offered
10.15.5 Gansu Yinguang Recent Development
10.16 Juli Fine Chemical
10.16.1 Juli Fine Chemical Company Information
10.16.2 Juli Fine Chemical Introduction and Business Overview
10.16.3 Juli Fine Chemical Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Juli Fine Chemical Isocyanates Products Offered
10.16.5 Juli Fine Chemical Recent Development
10.17 Fujian Southeast Electrochemical
10.17.1 Fujian Southeast Electrochemical Company Information
10.17.2 Fujian Southeast Electrochemical Introduction and Business Overview
10.17.3 Fujian Southeast Electrochemical Isocyanates Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Fujian Southeast Electrochemical Isocyanates Products Offered
10.17.5 Fujian Southeast Electrochemical Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Isocyanates Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Isocyanates Industrial Chain Analysis
11.4 Isocyanates Market Dynamics
11.4.1 Isocyanates Industry Trends
11.4.2 Isocyanates Market Drivers
11.4.3 Isocyanates Market Challenges
11.4.4 Isocyanates Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Isocyanates Distributors
12.3 Isocyanates Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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