Isocyanates Market Size, Share, Trend, Forecast & Industry Analysis – 2020-2027.
Overview
The global Isocyanates market, during the forecast
period 2018-2023, will register growth at a CAGR of 7.03%. The market for
isocyanates is set to reach US$37,906.6 million by 2023. As per market
analysts, the global market is anticipated to witness growth owing to the
factors such as tremendous growth across end-use industries as well as emerging
economies. However, the market will face challenges and restraints due to
market slowdown and poor economic conditions during the forecast period
2018-2023.
Rising consciousness about the environment in the
market is set to play a key role in determining the growth potential during
2018-2023 years. Analysts have also studied the isocyanates market to
understand potential threats and challenges the market companies could face.
Although the market is poised to grow at a fast pace across application,
end-use industry, and type segments, factors such as economic slowdown across
different countries could slow down the isocyanates market's growth worldwide.
Market Segmentation
The isocyanates market has been segmented into
application, end-use industry, and type. Based on the segment which is
application, the market is categorized on the basis of adhesives &
sealants, binders, elastomers, flexible foam, paints and coatings, rigid foam,
and others. The global market for isocyanates is further segmented based on the
end-use industry into automotive, building & construction, electronics,
footwear, furniture, packaging, and others. Furthermore, the market, on the basis
of type, is segmented into aromatic diisocyanate and aliphatic.
The global market research report covers all the
aspects of the Isocyanates Market based on the segmental
analysis of these application, end-use industry, and type segments. Analysts
have also studied the global market's regional markets spread across many
continents and countries. The application, end-use industry, and type segments
along with their sub-segments have been analyzed and companies functioning in
the isocyanates market across these segments are profiled and analyzed based on
input and feedback from market based decision makers as well as primary and
secondary sources. The market research report presents analysis based
information for companies functioning in the isocyanates market.
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https://www.marketresearchfuture.com/reports/isocyanate-market-964
Regional Overview
Decreasing demand for the product across certain
industry channels may hinder the market growth. The market research report
suggests that companies in the market could be supported by increased focus on
innovation paving the way for market players as well as construction and
automotive industry growth during the forecast period. The market is set to
register growth at a high CAGR owing to these key factors. The market is spread
across North America, Europe, Asia-Pacific, and other parts of the world. The
global market research report reveals that APAC, North America, and Europe
regional isocyanates markets will dominate the global market for isocyanates
during the forecast period 2018-2023. As per market analysts, the market is set
to witness tremendous growth across automotive, building & construction,
and electronics segments in North America which covers isocyanates markets
across the United States, Canada, Mexico and several other regional markets.
Companies active in the isocyanates market are also analyzed and studied in the
market research report.
Europe covers smaller market segments of Germany,
Italy, France, and the United Kingdom. Additionally, the market research report
covers the Asia-Pacific region covering isocyanates markets from India, China,
Japan, Australia, and others. The market is also spread across the rest of the
world. The market report covers all such regions including the Middle East,
Africa, Brazil, and others.
Competitive Landscape
Isocyanates have seen increased demand over the
years, due to rising consciousness about the environment and increased focus on
innovation. Companies functioning in the global market are also being
challenged due to slow demand across industry segments and environmental
concerns. Mergers and acquisitions by isocyanates market companies are
anticipated to help the market during the forecast period 2018-2023. As the
market is set to register a high CAGR of 7.03% and is also anticipated to reach
a US$37,906.6 million by 2023, the report highlights key areas companies need
to focus on. The report suggests that the market will see a healthy growth in
the long run till 2023. Based on SWOT analysis and isocyanates market’s
analysis based on Porters’ Five Force Model presented in the market report.
Mergers and acquisitions by isocyanates market companies are anticipated to
help the market during the forecast period 2018-2023.
Industry News
Dow has chosen Univar Inc. (Univar Solutions) as a
primary North American channel to market, selling Dow's diverse commodity line
of polyols and isocyanates. Univar Solutions, a new company formed by the
merger of Univar and Nexeo Solutions, is ready to act as an approved
distributor for Dow's breakthrough polyurethane products in the United States
and Canada. The synergy needed to help downstream formulators evolve and expand
is the strength of Dow's broad solution sets combined with Univar Solutions'
consumer experience.
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