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Market Overview of Global Aliphatic Isocyanates market:
According to our latest research, the global Aliphatic Isocyanates market looks promising in the next 5 years. As of 2022, the global Aliphatic Isocyanates market was estimated at USD 4010.07 million, and it's anticipated to reach USD 6517.74 million in 2028, with a CAGR of 8.43% during the forecast years.
The industrialization of Aliphatic Isocyanates has become the top priority for the development of major companies in the industry. Aliphatic Isocyanates products without exception require highly technically difficult intermediate materials. However, since the intermediate core technical barriers are too high, resulting in scarcity. Therefore, the competition of raw materials tends to shift from basic raw materials to high-end raw materials.
The downstream demand continues to increase.
The downstream products of Aliphatic Isocyanates are widely used. The largest downstream application is mid-to-high-end polyurethane coatings, which correspond to the terminal architectural decoration and automotive industries. The global demand basically matches the supply, and the overall market growth rate is about 1.5-2 times the global GDP. This is one of the driving forces of the Aliphatic Isocyanates industry.
Aliphatic Isocyanates industry has high barriers.
With the development of the global economy, technological progress and the formation of a consensus on environmental protection. To promote technological innovation of enterprises, we must first promote enterprises to continuously increase investment in technological innovation. A breakthrough in high-end technology in the chemical industry, from project establishment, small test, pilot test to industrialization and realization of profitability, has a long cycle and high risks. It is particularly difficult for the innovation and development of the Aliphatic Isocyanates industry. Scarce raw materials and intermediates, complex synthetic processes, a longer industrial chain than MDI, and the ability to require manufacturers to provide global operations and technical services are all challenges for the Aliphatic Isocyanates industry. This makes Aliphatic Isocyanates product barriers higher than MDI, creating an oligarchic pattern. Thanks to the oligarchic pattern, the overall competition in the industry is relatively mild, and the supply pattern is relatively stable.
Region Overview:
In global comparison, a significant portion of the revenue was generated in Asia Pacific (38.86% in 2021).
Company Overview:
Covestro is one of the major players operating in the Aliphatic Isocyanates market, holding a share of 44.23% in 2021.
Covestro
Covestro AG is a German company which produces a variety of polyurethane and polycarbonate based raw materials. Products include isocyanates and polyols for cellular foams, thermoplastic polyurethane and polycarbonate pellets, as well as polyurethane-based additives used in the formulation of coatings and adhesives. It is a Bayer spin off formed in the fall of 2015 and was formerly called Bayer MaterialScience, Bayer's materials science division.
Evonik
Evonik Industries AG is a stock-listed German specialty chemicals company headquartered in Essen, North Rhine-Westphalia, Germany. It is the second largest chemicals company in Germany, and one of the largest specialty chemicals companies in the world. It is predominantly owned by the RAG Foundation and was founded on 12 September 2007 as a result of restructuring of the mining and technology group RAG.
Segmentation Overview:
Among different product types, HDI segment is anticipated to contribute the largest market share in 2027.
HDI
The most widely used ADI is hexamethylene-1,6-diisocyanate (HDI). It is derived from hexamethylene diamine. HDI is an intermediate chemical used to produce HDI-based products (i.e., polyisocyanates). These HDI-based products are primarily used in the manufacture of industrial coatings where high-performance capability (e.g., UV and weather resistance) is required. HDI-based coatings are used in the manufacture a variety of products, including automobiles, aircraft, flooring, furniture, safety equipment, machinery, medical devices and infrastructure projects.
H12MDI
Dicyclohexylmethane-4,4diisocyanate (HMDI) serves as a building block for the preparation of chemical products, reactive intermediates and polymers such as polyurethane dispersions (PUDs), elastomers, and thermoplastic polyurethanes (TPUs). Products based on HMDI may be useful in coatings for flooring, roofing, textiles, elastomers, optical products, adhesives, and sealants.
IPDI
Isophorone diisocyanate (IPDI) is an intermediate chemical used to produce IPDI-based products (i.e., polyisocyanates, polyurethane dispersions) that are primarily used in certain polyurethane coatings. These IPDI-based products are used by industrial customers to manufacture various coatings for automobiles, flooring, roofing, machinery, and textile applications. They are also used in cast elastomers, adhesives, sealants, and as crosslinkers for powder coatings.
Application Overview:
The market's largest segment by application is the segment Coatings, with a market share of 65.96% in 2021.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Aliphatic Isocyanates market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Aliphatic Isocyanates Market Report:
Market Size Estimates: Aliphatic Isocyanates market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Aliphatic Isocyanates market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Aliphatic Isocyanates market
Segment Market Analysis: Aliphatic Isocyanates market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Aliphatic Isocyanates market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Aliphatic Isocyanates Market: Revenue and sales volume of major countries in each region
Aliphatic Isocyanates Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Aliphatic Isocyanates market in major regions.
Aliphatic Isocyanates Industry Value Chain: Aliphatic Isocyanates market raw materials & suppliers, manufacturing process, distributors, downstream customers
Aliphatic Isocyanates Industry News, Policies & Regulations
Key players in the global Aliphatic Isocyanates market are covered in Chapter 12:
Evonik
Asahi Kasei
Tosoh Corporation
Covestro
Wanhua
BASF
Vencorex
In Chapter 2 and Chapter 15.1, based on types, the Aliphatic Isocyanates market from 2018 to 2028 is primarily split into:
HDI
H12MDI
IPDI
In Chapter 3 and Chapter 15.2, based on applications, the Aliphatic Isocyanates market from 2018 to 2028 covers:
Coatings
Adhesives and Sealants
Elastomers
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Aliphatic Isocyanates market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028