MDI, TDI, and Polyurethane Market expected to be worth USD 90.34 Billion by 2021, at a CAGR of 5.45%, from 2016–2021
MarketsandMarkets projects that the MDI, TDI, and Polyurethane Market will grow from an estimated USD 69.28 Billion in 2016 to USD 90.34 Billion by 2021, at a CAGR of 5.45%. This market is growing because of the increase in demand for polyurethane from various end-use industries such as construction, automotive, and electronics. This growth in the consumer industry is expected to drive the demand for polyurethane as it is predominantly used in refrigerators, freezers, televisions, and other consumer electronics.
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Browse 112 market data Tables and 56 Figures spread through 185 Pages and in-depth TOC on "MDI, TDI, and Polyurethane Market"
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- Significant Opportunities in the MDI, TDI, and Polyurethane Market
- MDI, TDI, and Polyurethane Market in Asia-Pacific, By End-Use Industry and Country
- Fastest-Growing MDI, TDI, and Polyurethane Market
- MDI, TDI, and Polyurethane Market, By Application
The rigid foams segment is projected to be the fastest-growing segment from 2016 to 2021. The growth is expected to be driven by the increasing demand from residential and commercial construction for board and laminate insulation and foam roofing.
The construction segment accounted for the largest market share in 2015, owing to the increasing construction activities in the emerging economies of Asia-Pacific, South America, and Middle East & Africa. The rebound in construction activities in matured markets such as the U.S. and Europe is also expected to drive the market during the forecast period. The most important application of polyurethane in buildings is insulation.
The key players in the MDI, TDI, and Polyurethane Market include:
- BASF SE (Germany)
- The Dow Chemical Company (U.S.)
- Covestro AG (Germany)
- Huntsman Corporation (U.S.)
- Mitsui Chemicals, Inc. (Japan)
- I. du Pont de Nemours & Company (U.S.)
- Chemtura Corporation (U.S.)
- Wanhua Chemicals Group Co., Ltd. (China)
- Woodbridge Foam Corporation (Canada)
- Chematur Engineering AB (Sweden)
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