A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Isocyanates
market. The study,
titled “Isocyanates
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2014 - 2020”,
is available for sale on the firm’s website.
Isocyanates
are highly reactive chemicals containing functional group isocyanate.
On the basis of number of isocyanate group, isocyanates are
classified as diisocyanate and polyisocyanate. Diisocyanate are
chemical compounds with two isocyanate group such as methylene
diphenyl diisocyanate, toluene diisocyanate and naphthalene
diisocyanate. Polyisocyanate contain multiple isocyanate groups and
are derived from diisocyanates. HDI isocyanurate and HDI biuret are
among major types of polyisocyanate.
Isocyanates
are manufactured by reaction of amines and phosgene. On the basis of
types, isocyanates can be bifurcated into four major segments namely
methylene diphenyl diisocyanate, toluene diisocyanate, aliphatic
isocyanate and other segments including HDI isocyanurate, HDI biuret,
etc. Methylene diphenyl isocyanate and toluene diisocyanate are among
dominant types of isocyanate.
Get
Sample Of This Research Report At:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2538
On
the basis of application, isocyanates can be segregated into five
major segments including rigid foam, flexible foam, insulation,
paints & coating, adhesives and others including elastomers,
binders, etc. Polyurethanes dominate the global demand for
isocyanates and the trend is anticipated to continue during the
forecast period.
Major
end user industries for isocyanates include building &
construction, automotives, health care and aerospace among others.
Isocyanates are used in the production of insulating materials and
paints in the building & construction and automotive industry.
Building & construction followed by automotives dominate the
global demand for isocyanate. Increasing awareness of energy crisis
leading to increasing demand for energy efficient structures coupled
with government regulations and incentives to promote energy
efficient structures are among major factors driving demand for
isocyanate. Increasing demand for spray polyurethane foam is
anticipated to drive demand for methylene diphenyl isocyanate and
toluene diisocyanate.
Phosgene
used in the production of isocyanates is hazardous to the eco system
and pose severe health hazards to human health. Moreover, isocyanates
pose severe occupational health hazards including skin irritation,
wheezing, cough and prolonged exposure to isocyanates can also lead
to asthma. The environmental and health hazards associated with
isocyanates are among major factors restraining isocyanates market
growth.
Moreover
crude oil is employed in the production of certain isocyanates such
as toluene diisocyanate. Therefore the market is characterized by
volatility in raw material pricing which also has been restraining
market growth for isocyanates. Significant researches have been done
to produce isocyanate from bio based sources. High efficiency bio
based isocyanates are anticipated to offer huge growth opportunity in
the market.
Asia
Pacific dominates the global isocyanate market and the trend is
anticipated to continue for a foreseeable future. Demand for
isocyanates is profoundly dependent on macro economic factors such as
GDP growth and purchase power parity of a region.
Therefore,
owing to high GDP growth in the emerging economies of India and
China, Asia Pacific is anticipated to be the fastest growing region
for isocyanate market. Demand for isocyanate in North America and
Europe is expected to grow at sluggish rate primarily owing to
increasing number of stringent environmental regulations. Spray
polyurethane foam is expected to be among the fastest growing end
user segment in North America and Europe.
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The Full Research Report At:
Isocyanates
market is consolidated and dominated by few major players. The
industry is characterized by high degree of competition and raw
material procurement is among critical success factor for the
industry. Major players in the isocyanate market include Bayer
MaterialScience, The Dow Chemical Company, Yantai Sanjiang Chemical
Industry Material Co., Ltd., Anderson Development Co. and Huntsman
Corporation among others.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
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Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
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