Methylene Diphenyl Di-Isocyanate Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: CMR 84127 Report Format: PDF + Excel

Methylene Diphenyl Di-Isocyanate Market Overview

Methylene Diphenyl Di-Isocyanate market size is forecast to reach US$ 6.1 billion by 2027 after growing at a CAGR of 5.0% during 2022-2027 owing to the growing demand for polyurethane foam in the construction sector. Methylene Diphenyl Di-Isocyanate (MDI) is an aromatic diisocyanate reacting with aniline and placing isocyanate in its fourth position called 4,4’-MDI. It is most often used in the chemical production of polyurethane foams widely used as insulators in the construction sector. According to Global Construction Perspectives and Oxford Economics, the Global construction sector is expected to grow by  US$ 8 trillion by 2030 driven by China, the US, and India. The volume of construction output is forecasted to grow by 85% to US$15.5 trillion worldwide by 2030, with three countries like China, the US, and India and accounting for 57% of global growth. It is also used in non-foam applications like paints and coating, elastomers, and adhesives and sealants, and other related products which are acting as a driver for the growth of the MDI market during the forecast period.

COVID-19 Impact

The Covid-19 pandemic has impacted the global economy directly affecting the supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. Currently, due to the COVID-19 pandemic, the core industries such as the construction, transportation sectors have been highly impacted. According to the Automotive industry association’s September 2021 outlook, there has been a 7.7% decline in the production of commercial vehicles and a 24.7declineed in motor vehicles as compared to the September 2020 outlook. There has been a sharped decline in the revenue of the different industries. The government and private sectors are taking necessary action to recover the loss of different industries which will help in the growth of the MDI market.

Methylene Diphenyl Di-Isocyanate Market Report Coverage

The report: “Methylene Diphenyl Di-Isocyanate Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Methylene Diphenyl Di-Isocyanate industry.

By Product Type: Pure MDI, Modified MDI, Polymeric MDI
By Application: Rigid Foam, Flexible Foam, Coatings, Elastomers, Adhesives, and Sealants, Bumper infill, Machine Construction, Umbilicals,  Rollers and centralizers, Others
By End-Use Industry: Transportation (Automotive, Aerospace, Marine, Railways, Others), Building & Construction (Residential Construction, Commercial  Construction, Infrastructure, Others), Energy (Solar, Wind, Oil & Gas, Others), Footwear, Furniture and Bedding, Electrical and Electronics, Healthcare, Consumer goods, Packaging, Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World: The Middle East(Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa(South Africa, Nigeria, Rest of Africa)

Key Takeaways

  • The Asia Pacific is expected to register a CAGR of 6.5% during the forecast period (2022-2027).  The increasing construction activities in Asian countries such as China, India, Japan, and South Korea are driving the market demand for Methylene Diphenyl Di-Isocyanate.
  • Growing electrical & electronics industry with consumption of domestic appliances like Air Conditioners, Refrigerators, washing machines, kitchen stoves and many more is driving the market growth the methylene diphenyl di-isocyanate market in between the forecast period.
  • The growing automotive sector is helping in the growth of the Methylene diphenyl diisocyanate (MDI) market due to its usage in Hybrid and Electric Vehicles, Powertrain and Chassis, Interior & Exterior parts by providing protection, comfort, and energy conservation

Figure: Asia Pacific Methylene Diphenyl Di-Isocyanate Market Revenue, 2021-2027 (US$ Billion)

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Methylene Diphenyl Di-Isocyanate Market Segment Analysis - By Product Type

The Pure MDI segments accounted for approximately 32% of the market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. The increasing demand for pure Methylene Diphenyl Di-Isocyanate in construction, automotive, paints & coating are driving the market. The Pure MDI is merged with polyols to obtain the products like sealants, adhesives, coating, Umbilicals,  Rollers and centralizers, Others. According to British Coatings Federation, In 2019, US$ 403.92 billion has been spending in the United Kingdom on paint, printing inks, and wallcoverings which are widely used in the construction, home improvement, printing, automotive, aerospace, and other advanced manufacturing sectors are driving the market for pure Methylene Diphenyl Di-Isocyanate during the forecast period.

Methylene Diphenyl Di-Isocyanate Market Segment Analysis – By Application

The rigid form segment accounted for more than 18% of the market share in 2021 and is estimated to grow significantly during the forecast period. The increasing demand for good thermal insulation and flexibility properties of rigid foams in the manufacturing of refrigerators, building, and automotive applications, are boosting the growth of the market. The rigid polyurethane foam is also used in insulated panels, wall & roof insulation, and gap fillers will increase its accessibility in the global market. According to US International Trade Administration, the U.S. consumer goods market was around US$ 635 billion in 2019. Therefore, the growing demand for consumer goods will increase the demand for Methylene Diphenyl Di-Isocyanate during the forecast period.

Methylene Diphenyl Di-Isocyanate Market Segment Analysis – By End-use Industry

The Construction segment accounted for more than 26% of the market share in 2021 and is estimated to grow significantly during the forecast period. According to the Associated General Contractors of America(AGC), Constructor is a major contributor to the US economy and  US$ 1.4 Trillion is invested every year in the construction industry with an enrollment of 7 million employees. The Polymeric MDIs are used in manufacturing rigid and semi-rigid polyurethane foam which are widely used in construction panels, polymeric concrete components, seal nuts, and other insulating material. Therefore Construction segment will contribute to the growth of the Methylene Diphenyl Di-Isocyanate  Market.

Methylene Diphenyl Di-Isocyanate Market Segment Analysis - By Geography

Asia Pacific region held the largest share in the Methylene Diphenyl Di-Isocyanate market in 2021 up to 38%, owing to the presence of a large amount of construction activity in this region. The growing commercial and presential construction project in the countries like China, South Korea, Japan, and India due to the increasing population driving the market growth in the region.  According to Global Construction Perspectives and Oxford Economics, the global construction market is estimated to grow US$ 8 trillion by 2030 driven by China, US, and India. The increasing demand for MDI in Automotive, electronic appliances, furniture, and other are also helping in the growth of the Methylene Diphenyl Di-Isocyanate Market in this region during the forecast period.

Methylene Diphenyl Di-Isocyanate Market Drivers:

Growing Demand for Polyurethane MDI in Automotive

The methylene diphenyl diisocyanate (MDI) is widely used in the Automotive sector as interior parts for cushioning and insulation purposes in headrests, armrests, seats, and others. According to the China Association of Automobile Manufacturers, The production and sales of new energy vehicles have increased to 11.6% from January 2021 to September 2021. Therefore the growing demand for energy-efficient vehicles is driving the Polyurethane MDI during the forecast period. 

Increasing demand for MDI in Electrical and Electronic

The Electrical and Electronic sector showed significant growth owing to increase demand for electronic appliances like refrigerators, air conditioners, washing machines, smartphones, television, and many more across the globe. The growing usage of the MDI for  Electronic goods production is driving the Methylene Diphenyl Di-Isocyanate market during the forecast period. According to Invest India, the global electronic is estimated at around US$ 2 Trillion and India is the largest contributor holding US$ 118 Billion of Electronic Market and is estimated to reach US$ 125 Billion by 2025. Therefore, the growing electronic market will boost the Methylene Diphenyl Di-Isocyanate market between 2022-2027.

Methylene Diphenyl Di-Isocyanate Market Challenges:

Growing Environment concern due to usage of Methylene Diphenyl Di-Isocyanate

Environmental concern has always been a major challenge in the Methylene Diphenyl Di-Isocyanate market. The increasing demand for eco-friendly products is restraining the growth Methylene Diphenyl Di-Isocyanate market. It is highly toxic to the environment, especially to aquatic life forms like fish and crustaceans.  Excessive exposure to MDI causes skin & respiratory tract irritation, asthma, and dermatitis, which is restraining the MDI market during the forecast period.  The other factor to restrain the MDI Market is the increasing price of raw materials like crude oil. The fluctuation in the prices of raw materials and growing environmental concerns are restraining the market growth.

Methylene Diphenyl Di-Isocyanate Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Methylene Diphenyl Di-Isocyanate market. The  Major players in the Methylene Diphenyl Di-Isocyanate  market are

  1. The Dow Chemical Company
  2. Bayer Material Science
  3. BASF SE,
  4. Du Pont de Nemours and Company
  5. Sumitomo Chemical Co., Ltd.,
  6. Wanhua Chemical Group Co. Ltd.,
  7. Jilin Connell Chemical Industry Co. Ltd.
  8. Huntsman Corporation 
  9. Kumho Mitsui Chemicals
  10. Tosoh Corporation
  11. Everchem Specialty Chemicals
  12. Sadara Chemical Company
  13. Other Companies

Recent Development

Ø  In December 2020, the first phase of construction of MDI capacity expansion project in Geismar, Louisiana has been completed and is into operation and BASF targets to double the capacity from 300,000 metric tons per year to approximately 600,000 metric tons per year into two phases of construction. The second phase construction activity is underway is expected to complete by end of 2021

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1. Methylene Diphenyl Di-Isocyanate Market- Market Overview
    1.1 Definitions and Scope 
2. Methylene Diphenyl Di-Isocyanate Market- Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by End Use Industry
    2.4 Key Trends by Geography
3. Methylene Diphenyl Di-Isocyanate Market– Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Methylene Diphenyl Di-Isocyanate Market - Startup Companies Scenario Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Methylene Diphenyl Di-Isocyanate Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Methylene Diphenyl Di-Isocyanate Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Methylene Diphenyl Di-Isocyanate Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Methylene Diphenyl Di-Isocyanate Market – By Type (Market Size -US$ Million/Billion)
    8.1 Pure MD
    8.2 Modified MDI
    8.3 Polymeric MDI
9. Methylene Diphenyl Di-Isocyanate Market – By Application (Market Size -US$ Million/Billion)
    9.1 Rigid Foam
    9.2 Flexible Foam
    9.3 Coatings
    9.4 Elastomers
    9.5 Adhesives and Sealants
    9.6  Bumper infill
    9.7 Machine Construction
    9.8 Umbilicals
    9.9 Rollers and centralizers
    9.10 Others 
10. Methylene Diphenyl Di-Isocyanate Market – By End-Use Industry (Market Size -US$ Million/Billion)
    10.1 Transportation
        10.1.1 Automotive
        10.1.2 Aerospace
        10.1.3 Marine
        10.1.4 Railways
        10.1.5 Others
    10.2 Building & Construction
        10.2.1 Residential Construction
        10.2.2 commercial  Construction
        10.2.3 Infrastructure
    10.3 Energy
        10.3.1 Solar
        10.3.2 Wind
        10.3.3 Oil & Gas
        10.3.4 Others
    10.4 Footwear
    10.5 Furniture and Bedding
    10.6 Electrical and Electronics
    10.7 Healthcare
    10.8 Consumer goods 
    10.9 Others 
11. Methylene Diphenyl Di-Isocyanate Market -By Geography (Market Size -US$ Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Methylene Diphenyl Di-Isocyanate Market– Entropy
    12.1New Product Launches
    12.2M&As, Collaborations, JVs and Partnerships
13. Methylene Diphenyl Di-Isocyanate Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Methylene Diphenyl Di-Isocyanate Market – Key Company List by Country Premium Premium
15. Methylene Diphenyl Di-Isocyanate Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10  Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

List of Tables

1 US Methylene Diphenyl Di-Isocyanate Market Size 2018
2 Canada Methylene Diphenyl Di-Isocyanate Market Share 2018
3 Brazil Methylene Diphenyl Di-Isocyanate Market Outlook 2019 - 2023
4 Mexico Methylene Diphenyl Di-Isocyanate Market Research 2018
5 Germany Methylene Diphenyl Di-Isocyanate Market Trends 2019 - 2023 
6 France Methylene Diphenyl Di-Isocyanate Market Growth 2019 - 2023 
7 UK Methylene Diphenyl Di-Isocyanate Market Demand 2019 - 2023 
8 Italy Methylene Diphenyl Di-Isocyanate Market Segmentation 2018
9 Russia Methylene Diphenyl Di-Isocyanate Market Analysis 2019 - 2023
10 China Methylene Diphenyl Di-Isocyanate Market Revenue 2019 - 2023
11 Japan Methylene Diphenyl Di-Isocyanate Market Volume 2019 - 2023
12 South Korea Methylene Diphenyl Di-Isocyanate Market Potential 2019 - 2023
13 India Methylene Diphenyl Di-Isocyanate Market Leaders 2018
14 Saudi Arabia Methylene Diphenyl Di-Isocyanate Market Forecast 2019 - 2023 
15 Kuwait Methylene Diphenyl Di-Isocyanate Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link