Global Isocyanates Market By Type (MDI, TDI, and ADI), By Application (Rigid/ Flexible Foam, Paints & Coatings, Adhesives & sealants and Others), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Isocyanates Market By Type (MDI, TDI, and ADI), By Application (Rigid/ Flexible Foam, Paints & Coatings, Adhesives & sealants and Others), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Global Isocyanates Market by Product Type (MDI, TDI and ADI), By Application (Rigid/ Flexible Foam, Paints & Coatings, Adhesives & sealants and Others), and by Region -Global Forecast to 2030, which offers a holistic view of the global Isocyanates market through systematic segmentation that covers every aspect of the target market.

The global Isocyanates market was valued at US$ 45,336.8 Mn in 2020 and is expected to reach US$ 83,222.4 Mn by 2030 at a CAGR of 6.3%.

Isocyanates are highly reactive chemicals with low molecular weight containing functional group isocyanate. On the basis of the number of isocyanate group, isocyanates are classed as diisocyanate and polyisocyanate. Diisocyanate as per name suggests are chemical compounds with two isocyanate group and are further classified as methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and others. On the other hand, polyisocyanate contains multiple isocyanate groups and are derived from diisocyanates. HDI isocyanurate and HDI biuret are among major types of polyisocyanate. Isocyanates are used as a raw material in the production of polyurethane (PU), which is widely used in several end-use industries.

The rigid and flexible foam produced from isocyanates is extensively used in the construction and automotive industries. Global isocyanates market is anticipated to grow swiftly, owing to increasing demand from construction and automotive sector.


Global Isocyanates Market Revenue (US$ Mn), 2021 to 2030


However, Isocyanates (TDI and MDI) are produced from raw materials such as crude oil and volatility in the prices of crude oil is expected to affect the market negatively. Nonetheless, Abundant market opportunities have emerged as a result of rapid industrialization and urbanization along with high GDP growth in emerging economies such as China and India. Technological advancement in emerging economies is expected to provide lucrative opportunities to key players in the market.

Global Isocyanates market is segmented on the basis of product type, application and region. On the basis of product type, the market is segmented into MDI, TDI and ADI. The MDI segment accounts for the majority share and is expected to register the highest growth over the forecast period, followed by ADI segment. On the basis of application, the market is segmented into Rigid/ Flexible Foam, Paints & Coatings, Adhesives & sealants and Others. The Rigid/ Flexible foam segment accounts for a majority share in the global Isocyanates market.


Global Isocyanates Market by Product Type, 2018


On the basis of region, the market is segmented into North America, Europe, APAC, South America and Middle East Africa. The APAC accounts for the majority share in the global Isocyanates market. APAC is expected to register the highest growth rate over the forecast period.

The research report on the global Isocyanates market includes profiles of some of the major companies such as BASF SE, DowDuPont, Inc. (Dow Chemical Company), China National Chemical Corporation Limited (Cangzhou Dahua TDI Co. Ltd.), Asahi Kasei Corporation and Covestro AG.



Below are the active patents related to Isocyanates Market.


Patent Number: US20090240076A1

Process for preparing methylenediphenyl diisocyanates

Abstract

The invention relates to a process for preparing methylenediphenyl diisocyanates which comprises at least the steps: A) reaction of aniline with formaldehyde in the presence of hydrochloric acid as catalyst to give a mixture of diamines and polyamines of the diphenylmethane series (MDA) and subsequent at least partial neutralization of the hydrochloric acid by means of alkali metal hydroxide, B) reaction of the mixture of diamines and polyamines of the diphenylmethane series obtained in step A) with phosgene to give a mixture of diisocyanates and polyisocyanates of the diphenylmethane series (MDI) and hydrogen chloride, wherein C) the hydrochloric acid which has been neutralized in step A) is separated off in the form of a solution containing alkali metal chloride and is subsequently at least partly fed to an electrochemical oxidation to form chlorine, alkali metal hydroxide and optionally hydrogen and D) at least part of the chlorine produced in step C) is used for preparing the phosgene used in step B).

Application File Date: 2009-02-27

Application Granted Date: 2012-11-27

Current Assignee: Covestro Deutschland AG

Patent Number: US6838578B2

Process for preparing (cyclo)aliphatic isocyanates

Abstract

The present invention relates to a process for preparing (cyclo)aliphatic diisocyanates and triisocyanates corresponding to the formula R--(NCO)n (I), wherein R represents a (cyclo)aliphatic hydrocarbon group having up to 15 carbon atoms, provided that there are at least two carbon atoms between two nitrogens, n represents the number 2 or 3, by
a) separately heating phosgene and a diamine or triamine corresponding to the formula
R--(NH2)n  (II),
to a temperature of 200 Degree C. to 600 Degree C., wherein the amine may optionally be diluted with an inert gas or with the vapors of an inert solvent,
b) optionally passing the reactants over torque-producing baffles and
c) continuously reacting phosgene and the amine in the gas phase in a reaction chamber without moving parts and with constrictions of the walls in the region of the reaction zone.

Application File Date: 2002-07-03

Application Granted Date: 2005-01-04

Current Assignee: Covestro Deutschland AG

Patent Number: US20130245314A1

Process for the production of aliphatic isocyanates

Abstract

The present invention is an aliphatic or cycloaliphatic isocyanate obtained form a process comprising the steps of reacting an aliphatic or cycloaliphatic primary amine, with phosgene in the presence of an inert solvent, wherein the initial reaction temperature is between 100 and 130 Degree C. and the temperature is subsequently ramped to 150 to 180 Degree C. during the course of the reaction, the solvent to amine weight ratio is 95:5 to 80:20, the total reaction pressure is maintained between 50 and 350 psig and the amine is rapidly dispersed in the phosgene through injection in a region of high efficiency mixing.

Application File Date: 2013-05-06

Application Granted Date: 2015-06-02

Current Assignee: Dow Global Technologies LLC

Key Market Segments:

By Type

  
MDI
  
TDI
  
ADI

By Application

  
Polyurethane Foam
  
Paints & coatings
  
Adhesives & sealants


Key Market Players included in the report:


  
Anderson Development Co.
  
Asahi Kasei Corporation and Covestro AG.
  
BASF SE
  
Bayer Material Science
  
Chemtura Corporation
  
China National Chemical Corporation Limited (Cangzhou Dahua TDI Co. Ltd.)
  
Dahua (Group) Co. Ltd.
  
DowDuPont Inc. (Dow Chemical Company)
  
Evonik Industries AG
  
GNF Limited
  
Hebei Cangzhou New Century Foreign Trade Co.Ltd.
  
Huntsman International LLC
  
Mitsui Chemicals Inc.
  
Vencorex
  
Wanhua Chemical Group Co. Ltd.
  
Yantai Sanjiang Chemical Industry Material Co. Ltd.


Below are the key development related to Isocyanates Market in 2020 and 2021.


July 2020: BASF, Vertrauen Chemie Solutions Create Aliphatic Isocyanate Isotainer Depot. Aliphatic isocyanate is a key product in BASF’s Resins and Dispersions chemical portfolio. Source

April 2021: Lanxess introduces new water-based dispersions for glass fiber sizing. Appears in Print as: Water-based dispersions for glass fiber sizing improves strength, mechanical and flexural properties. Expansion of Lanxess’ Trixene Aqua BI product family offers excellent crosslink and adhesion promoters for aqueous coating systems, improves sizing formulation chemical and mechanical resistance. Specialty chemicals company Lanxess (Cologne, Germany) has expanded its Trixene Aqua range of water-based blocked isocyanate dispersions. The product family now includes new grades, specifically designed to expand application areas and meet more demanding customer needs. The product lineup includes Trixene Aqua BI 120, an adhesion promoter, and Trixene Aqua BI 522, a coating. However, the product most applicable to composites manufacturing is Trixene Aqua BI 202 sizing technology developed to improve chopped glass fiber strand strength and impact resistance, and impart higher mechanical and flexural properties. Trixene Aqua BI 202 is applicable in combination with Witcobond polyurethane (PU) dispersions. Source

February 2021: PRODUCTS PPG Introduces Premium Iso-Free Primer Surfacer and Catalyst. Featuring advanced PPG technology, the new primer surfacer has been engineered to provide an exceptional foundation for PPG’s popular Deltron basecoat automotive refinish system. PPG has announced the launch of its premium NCP450 Iso-Free Primer Surfacer and NCX455 Iso-Free Catalyst for the U.S. market. Both products are specifically formulated without isocyanates. Featuring advanced PPG technology, the new primer surfacer has been engineered to provide an exceptional foundation for PPG’s popular Deltron basecoat automotive refinish system. Ideal for small repairs, NCP450 Iso-Free Primer Surfacer provides excellent bare metal adhesion and corrosion protection without the need of an etch primer or other metal treatment. The product is easy to apply, wets up nicely and lays down smooth. It can be applied with a roller or spray gun. NCP450 must be mixed with NCX455 Iso-Free Catalyst prior to application. Source

November 2020: KAG Completes Acquisition of Fort Transfer Co. The Kenan Advantage Group Inc. announced it completed the acquisition of Fort Transfer Co. in Morton, Ill. As part of the transaction, KAG will acquire 100 tractors, 249 trailers, 158 drivers-independent contractors and 45 operational personnel, according to the company. North Canton, Ohio-based Kenan Advantage Group ranks No. 22 on the Transport Topics Top 100 list of the largest for-hire carriers in North America. The acquisition “provides us entrance into the bulk storage and transportation of agricultural herbicides,” Rebecca White, vice president of corporate development at KAG, said in a release. “It also provides us with expanded opportunities within Isocyanates with numerous end markets ranging from household goods, automotive, medical, industrial sealants and adhesives. Source