Methyl Di-pphenylene Isocyanate (MDI) Market
Methyl Di-p-phenylene Isocyanate (MDI) Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Methyl Di-p-phenylene Isocyanate (MDI) Market Size and Growth
The Methyl Di-p-phenylene Isocyanate (MDI) market is experiencing growth, driven by rising demand in construction and automotive industries. Current market size is estimated at approximately $10 billion, with projections indicating continued expansion due to increasing applications in insulation materials and adhesives. Market conditions reflect strong competition and technological advancements.
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Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ Bayer MaterialScience
◍ Mitsui Chemicals
◍ DowDuPont
◍ Huntsman International
◍ Lanxess
◍ Evonik Industries
◍ Hebei Cangzhou Dahua Group
◍ Wanhua Chemical Group
◍ Sumitomo Chemical
The MDI market features major players like BASF, Bayer MaterialScience, and Huntsman International, focusing on applications in foams, coatings, and adhesives. These companies innovate and expand production capacity, driving market growth. Sales revenues include BASF: ~$78 billion, Huntsman: ~$7.6 billion, and Wanhua Chemical: ~$9.6 billion.
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Market Segmentation
By Application
Automotive
Construction
Electronics ◍ Furniture and Interiors ◍ Other
By Product
◍ Guaranteed Reagent
Analytical Reagent
Chemically Pure
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Market Growth
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$ X Billion USD
