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.
This report aims to provide a comprehensive presentation of the global market for Isocyanates, 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 Isocyanates. This report contains market size and forecasts of Isocyanates in global, including the following market information:
- Global Isocyanates Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Isocyanates Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Isocyanates companies in 2022 (%)
The global Isocyanates market was valued at US$ 31870 million in 2022 and is projected to reach US$ 28800 million by 2029, at a CAGR of -1.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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%.
We surveyed the Isocyanates manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Isocyanates Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Isocyanates Market Segment Percentages, by Type, 2022 (%)
Global Isocyanates Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Isocyanates Market Segment Percentages, by Application, 2022 (%)
- Polyurethane Foam
- Paints & Coatings
- Adhesives & Sealants
- Other
Global Isocyanates Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Isocyanates Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Isocyanates revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Isocyanates revenues share in global market, 2022 (%)
- Key companies Isocyanates sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies Isocyanates sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- 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
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Isocyanates, market overview.
- Chapter 2: Global Isocyanates market size in revenue and volume.
- Chapter 3: Detailed analysis of Isocyanates manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: 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 5: 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 6: Sales of Isocyanates 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 of each country in the world.
- Chapter 7: 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 8: Global Isocyanates capacity by region & country.
- 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: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
