This report provides a detailed analysis of the global market for diisocyanates and polyisocyanates, which are key ingredients in the production of polyurethane-based materials. Covering trends, growth drivers, regional insights, and company performance, it outlines the market's trajectory from 2018 through the forecast period ending in 2034.
Market Overview
Diisocyanates are essential raw materials used in making foams, coatings, adhesives, sealants, and elastomers. The most common types are Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI), and Polymeric MDI. Among these, MDI dominates the market due to its broad use across industries from construction and automotive to furniture and packaging.
Key Applications
The chemicals are widely used in the production of rigid and flexible polyurethane foams, accounting for over 60% of total demand. These foams are used in:
Automotive interiors and seats
Insulation for buildings and appliances
Furniture and bedding
Packaging and protective coatings
Other important uses include adhesives, sealants, elastomers, and surface coatings, each contributing to growing demand in construction, aerospace, and manufacturing sectors.
Regional Market Insights
The Asia-Pacific region leads the global diisocyanates and polyisocyanates market, accounting for over 60% of the total demand. This growth is fueled by rapid industrialization, strong growth in automotive and construction end use industries.
North America and Europe follow, with mature markets focused on innovation, sustainability, and regulatory compliance.
Market Trends and Drivers
Key trends shaping the market include:
Rising demand for lightweight and energy-efficient materials in automotive and buildings & construction
Expanding construction and infrastructure development, especially in emerging economies
Increased focus on product performance, insulation efficiency, and cost-effectiveness
On the other hand, the diisocyanates and polyisocyanates market faces challenges such as fluctuating raw material prices, environmental concerns and health & safety regulations.
Outlook and Forecast
From a base year of 2024, the market is projected to grow steadily through 2034. Forecasts include demand estimates by type and application across key regions and countries, with both volume (kilo tons) and value (USD million) tracked.
Competitive Landscape
The report profiles major players including Wanhua Chemicals, BASF SE, Huntsman Corporation, Dow, and Covestro, among others. These companies are assessed based on their financials, product offerings, production footprint, strategies, and recent developments. Competition is driven by capacity expansion, product innovation, and geographic diversification.
Table of Contents
1. Introduction
Scope
Market Coverage
Type
Application
Regions
Countries
Years Considered
Historical - 2018 - 2023
Base - 2024
Forecast Period - 2025 - 2034
Research Methodology
Approach
Research Methodology
Prismane Consulting Market Models
Assumptions & Limitations
Abbreviations & Definitions
Conversion Factors
Data Sources
2. Market Synopsis
Market Evolution
Demand Overview
Industry Structure
Strategic Issues
End-use Trends
Growth Forecast
3. Economic & Energy Outlook
GDP and Demographics
Monetary & Fiscal Policies
Crude Oil Production and prices
Natural Gas
Electricity Prices
4. End-use Sector Performance
Construction
Aerospace
Others
5. Introduction to Diisocyanates & Polyisocyanates and Market Overview
Product Description
Grades & Properties
Raw Material
Manufacturing Process
Environmental Issues
Value Chain
Applications
6. Market Dynamics and Industry Trends
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
7. Global Diisocyanates & Polyisocyanates Demand Analysis, By Type, By Application (Volume, Value) (2018 - 2034)
Strategic Issues and COVID-19 Impact
Demand Analysis and Forecast (2018 - 2034)
Demand
Demand Growth Rate (%)
Driving Force Analysis
Global Diisocyanates & Polyisocyanates Market, By Type
Methylene Diphenyl Diisocyanate (MDI)
Toluene Diisocyanate (TDI)
Polymeric MDI
Global Diisocyanates & Polyisocyanates Market, By Application
Rigid & Flexible Foam
Binders & Fillers
Adhesives & Sealants
Surface Coatings
Polyurethane Elastomers
Polyurethane Fibers
Others
8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018-2034)
Strategic Issues and COVID-19 Impact
Demand Analysis and Forecast (2018 - 2034)
Demand
Demand Growth Rate (%)
Diisocyanates & Polyisocyanates Market, By Type
Diisocyanates & Polyisocyanates Market, By Application
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by type and by application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).
North America
USA
Canada
Mexico
Western Europe
Germany
France
Italy
United Kingdom
Spain
Rest of Western Europe
Central & Eastern Europe
Russia
Poland
Rest of Central & Eastern Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Central & South America
Middle East & Africa
Note: CAGR will be calculated for all type and application to arrive at the regional / global demand growth for the forecast period (2025 - 2034)
9. Pricing Analysis
10. Key Strategic Issues and Business Opportunity Assessment
Market Attractiveness Assessment
Prospective & Target Market Study
11. Strategic Recommendation & Suggestions
12. Company Analysis
Diisocyanates & Polyisocyanates Manufacturers Profiles/ Company Analysis
Basic Details
Headquarter, Key Markets
Ownership
Company Financial
Manufacturing Bases
Global Turnover
Total Employee
Product Portfolio / Services / Solutions
Key Business Strategies adopted and Prismane Consulting Overview
Recent Developments
Companies Covered -
Wanhua Chemicals
Anderson Development Company,
BASF SE
Huntsman Corporation
The Dow Chemical Company
Covestro
Yantai Sanjiang Chemical Industry
Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.