According to a market report by Lucintel, the future of the global MDI, TDI, and polyurethane market looks promising with opportunities in the furniture & interior, construction, electronics & appliances, footwear, and automotive markets. The global MDI, TDI, and polyurethane market is expected to reach an estimated $117.3 billion by 2030 from $82.7 billion in 2024,at a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are the growing usage of polyurethane in the automotive and building sectors and adoption of environmentally friendly production techniques and advancements in technology.
A more than 150-page report to understand trends, opportunity and forecast in MDI, TDI, and polyurethane market to 2030 by application type (rigid foam, flexible foam, paints & coatings, elastomers, adhesives & sealants, and others), end use (furniture & interior, construction, electronics & appliances, footwear, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that flexible foam will remain the largest segment over the forecast period due to increasing energy efficiency requirements globally.
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Within this market, contruction will remain the largest segment due to the substantial request for constructing or renovating residences, workplaces, and various structures.
APAC will remain the largest region over the forecast period due to swiftly escalating domestic demand.
BASF, The Dow Chemical, DuPont De Nemours, Huntsman Corporation, Covestro, LANXESS, Mitsui Chemicals are the major suppliers in the MDI, TDI, and polyurethane market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Lucintel
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