Isocyanate Market Report – Research, Industry Analysis Reports and Market Demands

Global Isocyanate Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

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Table of Content

1 Market Overview

1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
- 1.3.1 Overview: Global Isocyanate Consumption Value by Type: 2020 Versus 2024 Versus 2031
- 1.3.2 Methylene Diphenyl Diisocyanate (MDI)
- 1.3.3 Toluene Diisocyanate (TDI)
- 1.3.4 Aliphatic Isocyanate
1.4 Market Analysis by Application
- 1.4.1 Overview: Global Isocyanate Consumption Value by Application: 2020 Versus 2024 Versus 2031
- 1.4.2 Rigid Foam
- 1.4.3 Flexible Foam
- 1.4.4 Paints and Coatings
- 1.4.5 Adhesives and Sealants
- 1.4.6 Elastomers
- 1.4.7 Others
1.5 Global Isocyanate Market Size & Forecast
- 1.5.1 Global Isocyanate Consumption Value (2020 & 2024 & 2031)
- 1.5.2 Global Isocyanate Sales Quantity (2020-2031)
- 1.5.3 Global Isocyanate Average Price (2020-2031)

2 Manufacturers Profiles

3 Competitive Environment: Isocyanate by Manufacturer

3.1 Global Isocyanate Sales Quantity by Manufacturer (2020-2025)
3.2 Global Isocyanate Revenue by Manufacturer (2020-2025)
3.3 Global Isocyanate Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
- 3.4.1 Producer Shipments of Isocyanate by Manufacturer Revenue ($MM) and Market Share (%): 2024
- 3.4.2 Top 3 Isocyanate Manufacturer Market Share in 2024
- 3.4.3 Top 6 Isocyanate Manufacturer Market Share in 2024
3.5 Isocyanate Market: Overall Company Footprint Analysis
- 3.5.1 Isocyanate Market: Region Footprint
- 3.5.2 Isocyanate Market: Company Product Type Footprint
- 3.5.3 Isocyanate Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

4.1 Global Isocyanate Market Size by Region
- 4.1.1 Global Isocyanate Sales Quantity by Region (2020-2031)
- 4.1.2 Global Isocyanate Consumption Value by Region (2020-2031)
- 4.1.3 Global Isocyanate Average Price by Region (2020-2031)
4.2 North America Isocyanate Consumption Value (2020-2031)
4.3 Europe Isocyanate Consumption Value (2020-2031)
4.4 Asia-Pacific Isocyanate Consumption Value (2020-2031)
4.5 South America Isocyanate Consumption Value (2020-2031)
4.6 Middle East & Africa Isocyanate Consumption Value (2020-2031)

5 Market Segment by Type

5.1 Global Isocyanate Sales Quantity by Type (2020-2031)
5.2 Global Isocyanate Consumption Value by Type (2020-2031)
5.3 Global Isocyanate Average Price by Type (2020-2031)

6 Market Segment by Application

6.1 Global Isocyanate Sales Quantity by Application (2020-2031)
6.2 Global Isocyanate Consumption Value by Application (2020-2031)
6.3 Global Isocyanate Average Price by Application (2020-2031)

7 North America

7.1 North America Isocyanate Sales Quantity by Type (2020-2031)
7.2 North America Isocyanate Sales Quantity by Application (2020-2031)
7.3 North America Isocyanate Market Size by Country
- 7.3.1 North America Isocyanate Sales Quantity by Country (2020-2031)
- 7.3.2 North America Isocyanate Consumption Value by Country (2020-2031)
- 7.3.3 United States Market Size and Forecast (2020-2031)
- 7.3.4 Canada Market Size and Forecast (2020-2031)
- 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

8.1 Europe Isocyanate Sales Quantity by Type (2020-2031)
8.2 Europe Isocyanate Sales Quantity by Application (2020-2031)
8.3 Europe Isocyanate Market Size by Country
- 8.3.1 Europe Isocyanate Sales Quantity by Country (2020-2031)
- 8.3.2 Europe Isocyanate Consumption Value by Country (2020-2031)
- 8.3.3 Germany Market Size and Forecast (2020-2031)
- 8.3.4 France Market Size and Forecast (2020-2031)
- 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
- 8.3.6 Russia Market Size and Forecast (2020-2031)
- 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

9.1 Asia-Pacific Isocyanate Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Isocyanate Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Isocyanate Market Size by Region
- 9.3.1 Asia-Pacific Isocyanate Sales Quantity by Region (2020-2031)
- 9.3.2 Asia-Pacific Isocyanate Consumption Value by Region (2020-2031)
- 9.3.3 China Market Size and Forecast (2020-2031)
- 9.3.4 Japan Market Size and Forecast (2020-2031)
- 9.3.5 South Korea Market Size and Forecast (2020-2031)
- 9.3.6 India Market Size and Forecast (2020-2031)
- 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
- 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

10.1 South America Isocyanate Sales Quantity by Type (2020-2031)
10.2 South America Isocyanate Sales Quantity by Application (2020-2031)
10.3 South America Isocyanate Market Size by Country
- 10.3.1 South America Isocyanate Sales Quantity by Country (2020-2031)
- 10.3.2 South America Isocyanate Consumption Value by Country (2020-2031)
- 10.3.3 Brazil Market Size and Forecast (2020-2031)
- 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

11.1 Middle East & Africa Isocyanate Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Isocyanate Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Isocyanate Market Size by Country
- 11.3.1 Middle East & Africa Isocyanate Sales Quantity by Country (2020-2031)
- 11.3.2 Middle East & Africa Isocyanate Consumption Value by Country (2020-2031)
- 11.3.3 Turkey Market Size and Forecast (2020-2031)
- 11.3.4 Egypt Market Size and Forecast (2020-2031)
- 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
- 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

12.1 Isocyanate Market Drivers
12.2 Isocyanate Market Restraints
12.3 Isocyanate Trends Analysis
12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

13.1 Raw Material of Isocyanate and Key Manufacturers
13.2 Manufacturing Costs Percentage of Isocyanate
13.3 Isocyanate Production Process
13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
14.2 Isocyanate Typical Distributors
14.3 Isocyanate Typical Customers

15 Research Findings and Conclusion

16 Appendix

16.1 Methodology
16.2 Research Process and Data Source

Description

According to our (Global Info Research) latest study, the global Isocyanate market size was valued at US$ 37290 million in 2024 and is forecast to a readjusted size of USD 62910 million by 2031 with a CAGR of 8.2% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Isocyanates can be classified into two subgroups: aromatic diisocyanates and aliphatic diisocyanates. The main aromatic ones are 4,4′-diphenylmethane diisocyanate (MDI) and toluene diisocyanate (TDI). Regarding the aliphatic hardeners, three main chemicals must be mentioned: 1,6-hexamethylene diisocyanate (HDI), isophorone diisocyanate (IPDI), and the hydrogenated MDI 4,4′-dicyclohexane diisocyanate (H12-MDI).
Isocyanates, particularly diisocyanates such as TDI (toluene diisocyanate) and MDI (methylene diphenyl diisocyanate), are key raw materials in the production of polyurethane foams, coatings, adhesives, and sealants. The automotive industry is one of the largest consumers of these products, using them in car interiors, seat cushions, insulation, and adhesives for various components. The expanding automotive sector, driven by increasing vehicle production and rising consumer demand for comfort and safety, is fueling the demand for isocyanates. Isocyanates are widely used in the construction industry for the production of rigid and flexible polyurethane foams, insulation materials, coatings, and adhesives. The construction sector's growth, led by urbanization, industrialization, and government investments in infrastructure development, generates a significant demand for isocyanates. These materials offer thermal insulation, adhesion, and moisture resistance properties, making them suitable for construction applications. Polyurethane foams, which require isocyanates as a component, play a crucial role in the furniture and bedding industry. Isocyanates are used in the production of comfortable and durable mattresses, cushions, sofas, and chairs. With the rising disposable income and changing lifestyles, the demand for furniture and bedding products is increasing, driving the demand for isocyanates. Isocyanates are utilized in the production of insulating foams, coatings, and adhesives for appliances and electronic devices. These materials provide thermal insulation, electrical insulation, and protective coatings, ensuring the efficiency and reliability of appliances and electronic products. With the continuous advancements in technology and the increasing adoption of smart home appliances and electronics, the demand for isocyanates is expected to grow. Isocyanates are essential components in the formulation of high-performance coatings, providing durability, chemical resistance, and weatherability. They are particularly used in two-component polyurethane coatings, which find applications in automotive refinishing, industrial coatings, and architectural paints. As industries and consumers increasingly demand high-quality finishes and long-lasting coatings, the demand for isocyanates in the paints and coatings industry is rising. Ongoing research and development activities in the field of isocyanates focus on developing improved and sustainable alternatives with reduced health and environmental impacts. Innovations such as low-VOC (volatile organic compounds) coatings, water-based polyurethane systems, and bio-based isocyanates are gaining attention. These advancements drive market growth by meeting stringent regulations, addressing customer concerns, and providing eco-friendly solutions. The demand for isocyanates is increasing in emerging economies, such as China, India, and Southeast Asian countries, due to rapid industrialization, urbanization, and infrastructure development. These regions are witnessing significant growth in automotive production, construction activities, and the manufacturing sector, leading to higher demand for isocyanates. The isocyanate market is influenced by stringent regulations aimed at reducing harmful emissions and promoting environmental sustainability. Regulatory bodies impose restrictions on the use and emissions of certain isocyanate compounds, driving the industry to develop safer and more sustainable alternatives. Environmentally friendly isocyanate derivatives, such as waterborne polyurethane systems, are gaining popularity as they offer reduced emissions and improved safety profiles.
This report is a detailed and comprehensive analysis for global Isocyanate market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Isocyanate market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031
Global Isocyanate market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031
Global Isocyanate market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031
Global Isocyanate market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Isocyanate
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Isocyanate market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Wanhua Chemical, BASF, Covestro, Dow, Huntsman, Mitsui Chemicals, Tosoh, Kumho Mitsui Chemicals, Hanwha, Evonik, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Isocyanate market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Methylene Diphenyl Diisocyanate (MDI)
Toluene Diisocyanate (TDI)
Aliphatic Isocyanate
Market segment by Application
Rigid Foam
Flexible Foam
Paints and Coatings
Adhesives and Sealants
Elastomers
Others
Major players covered
Wanhua Chemical
BASF
Covestro
Dow
Huntsman
Mitsui Chemicals
Tosoh
Kumho Mitsui Chemicals
Hanwha
Evonik
Asahi Kasei
SABIC
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC)
DIC
Karoon Petrochemical Company (KRNPC)
OCI
Cangzhou Dahua Group
Gansu Yinguang Chemical (Norinco Group)
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Isocyanate product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Isocyanate, with price, sales quantity, revenue, and global market share of Isocyanate from 2020 to 2025.
Chapter 3, the Isocyanate competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Isocyanate breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Isocyanate market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Isocyanate.
Chapter 14 and 15, to describe Isocyanate sales channel, distributors, customers, research findings and conclusion.

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