Maximize Market Research's latest report, " Global Isocyanate Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
The global Isocyanate market was valued at US $28.54 Bn. in 2019, and it is expected to reach US $39.80 Bn. by 2027 with a CAGR of 5.7% during the forecast period.
Global Isocyanate Market Overview Isocyanate is an organic compound made by reacting phosgene and amines with water to form molecules containing the isocyanate group (-NCO). It's a highly reactive chemical made from crude oil, propylene, toluene, aniline, and benzene as raw components. Aliphatic isocyanate, methylene diphenyl diisocyanate (MDI), and toluene diisocyanate (TDI) are some of the most common isocyanates. They're mostly used to make polyurethane (PU)-based foams, paints coatings, sealants adhesives, binders elastomers, and they're used in a variety of industries like construction, automotive, healthcare, furniture, and aerospace.
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Global Isocyanate Market Major Market Players
• Asahi Kasei Corp.
• Mitsui Chemicals Inc.
• Tosoh Corporation
• Bayer Material Science
• BASF SE
• Covestro AG
• Dow Inc.
• Evonik Industries AG
• Gujarat Narmada Valley Fertilizers Chemicals Ltd.
• Huntsman Corp.
• Lanxess AG
• Wanhua Chemical Group Co. Ltd.
• Chemtura Corporation
• Kumho Mitsui Chemicals Inc.
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Isocyanate Market by Types and Applications:
The report has covered the market size by country (regions) for the global Isocyanate market. Segment by Application. The Isocyanate Market is divided into the North America Europe, ASIA Pacific, Middle East Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Isocyanate Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Isocyanate Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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