DUBLIN, Sept. 15, 2017 /PRNewswire/ --
The "Global Isocyanate Market - By Type, Application, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.
The Global Isocyanates Market was USD 29.57 billion in 2016 and is estimated to reach USD 47.24 billion by 2022 at a CAGR of 8.02% for the forecasted period. Developing isocyanate for infrastructure market is a key opportunity for isocyanate market. Currently, the annual world spending is approximately $2.5 trillion on infrastructure development and is expected to increase significantly during the forecasted period.
Asia pacific has the major market size on the basis of rising end users industries such as electronics, construction, and automotive in developing market of China and India. Europe banned 46 chemical products such as MDI contents products, and polyurethane products due to its toxic nature. Moreover, Asia pacific is dominating in automotive market.
The factors that drive growth in the market include high demand from current & emerging applications, demand from emerging economies, and advancement in technology. Construction and automotive industry, a major end-user industry of isocyanate is on a boom globally. This will increase the demand for isocyanate and isocyanate-based derivatives such as rigid foams, coatings, adhesives and sealants. Since, so any growth in these industries will directly impact the demand of these products.
The factors that are providing hindrance in the growth of this market are the high raw material cost and huge investments required in R&D and technology.
The isocyanate manufacturers are focusing on expansion activities to cater to the increasing demand for isocyanate in various end-user industries in emerging economies. Companies are also increasing their R&D activities, in order to develop new products such as bio-based isocyanate, and to improve their production technologies. Some of the isocyanate manufacturers are acquiring other companies to increase their market share and strengthen their market condition.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Global Isocyanate Market Segmentation, Forecasts And Trends - By Revenue
6. By Type
7. By Application
8. By Region
9. Vendor Market Share Analysis
10. Company Profiles
11. Industry Structure
- Ashai Kasei (Japan)
- BASF SE (Germany)
- Bayer MaterialScience (Germany)
- Chemtura Corporation (U.S.)
- Dow Chemical Company ( U.S.)
- Evonik Industries (Germany)
- Hebei Cangzhou Dahua Group Co. Ltd (China)
- Huntsman Corporation (U.S.)
- Kumho Mitsui Chemicals Inc ( South Korea)
- Mitsui Chemicals Inc ( Japan), Vencorex (France)
- Yantai Wanhua Polyurethanes Co. Ltd. (China)
- Trelleborg AB
- Woodbridge foam corp
For more information about this report visit https://www.researchandmarkets.com/research/rfp33g/global_isocyanate
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SOURCE Research and Markets