Insights on the Global Isocyanate Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio
Technavio has been monitoring the isocyanate market and it is poised to grow by 4.60 million tonnes during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
What was the value of the isocyanate market in 2019?
Technavio says that the value of the market was at 17.09 million tonnes in 2019 and is projected to reach 21.69 million tonnes by 2024.
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of almost 5%, the market growth will accelerate in the forecast period.
What are the top players in the market?
Asahi Kasei Corp., BASF SE, Covestro AG, Dow Inc., Evonik Industries AG, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Huntsman Corp., LANXESS AG, Vencorex, and Wanhua Chemical Group Co. Ltd. are some of the major market participants.
Which region is expected to hold the highest market share?
APAC
What is a major trend in the market?
Rising demand for PU from the automotive industry is a major trend driving the market growth.
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 4.86%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Asahi Kasei Corp., BASF SE, Covestro AG, Dow Inc., Evonik Industries AG, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Huntsman Corp., LANXESS AG, Vencorex, and Wanhua Chemical Group Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The growth of the construction industry in APAC has been instrumental in driving the growth of the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our isocyanate market report covers the following areas:
Isocyanate Market size
Isocyanate Market trends
Isocyanate Market analysis
This study identifies the rising demand for PU from the automotive industry as one of the prime reasons driving the isocyanate market growth during the next few years.
Isocyanate Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the isocyanate market, including some of the vendors such as Asahi Kasei Corp., BASF SE, Covestro AG, Dow Inc., Evonik Industries AG, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Huntsman Corp., LANXESS AG, Vencorex, and Wanhua Chemical Group Co. Ltd. Backed with competitive intelligence and benchmarking, our research reports on the isocyanate market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist isocyanate market growth during the next five years
Estimation of the isocyanate market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the isocyanate market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of isocyanate market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Market characteristics
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product by Volume
Market segments
Comparison by Product by volume
MDI - Market size and forecast 2019-2024 (millions t)
TDI - Market size and forecast 2019-2024 (millions t)
Aliphatic - Market size and forecast 2019-2024 (millions t)
Others - Market size and forecast 2019-2024 (millions t)
Market opportunity by Product by volume
Market Segmentation by Application by Volume
Market segments
Comparison by Application by volume
Rigid foams - Market size and forecast 2019-2024 (millions t)
Flexible foams - Market size and forecast 2019-2024 (millions t)
Paints and coatings - Market size and forecast 2019-2024 (millions t)
Elastomers - Market size and forecast 2019-2024 (millions t)
Others - Market size and forecast 2019-2024 (millions t)
Market opportunity by Application by volume
Market Segmentation by End-user by Volume
Market segments
Comparison by End-user by volume
Construction - Market size and forecast 2019-2024 (millions t)
Automotive - Market size and forecast 2019-2024 (millions t)
Electronics - Market size and forecast 2019-2024 (millions t)
Others - Market size and forecast 2019-2024 (millions t)
Market opportunity by End-user by volume
Customer Landscape
Geographic Landscape by Volume
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024 (millions t)
Europe - Market size and forecast 2019-2024 (millions t)
North America - Market size and forecast 2019-2024 (millions t)
South America - Market size and forecast 2019-2024 (millions t)
MEA - Market size and forecast 2019-2024 (millions t)
Key leading countries
Market opportunity by geography
Volume Driver- Demand led growth
Market Challenges
Market Trends
Vendor Landscape
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Asahi Kasei Corp.
BASF SE
Covestro AG
Dow Inc.
Evonik Industries AG
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
Huntsman Corp.
LANXESS AG
Vencorex
Wanhua Chemical Group Co. Ltd.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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