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Expert Opinion:Global Aliphatic Isocyanate Market
ASSO International Consulting: The global aliphatic isocyanate market is growing steadily, and the global market size will reach US$5 billion in 2028 !Aliphatic Isocyanates (ADI) are specialty intermediate chemicals used primarily to make polyurethane coatings, adhesives & sealants and elastomers. They belong to the family of isocyanate which contains R–N=C=O group, along with alicyclic isocyanate and aromatic isocyanate. Hexamethylene diisocyanate (HDI), isophorone diisocyanate (IPDI) and methylene dicyclohexyl diisocyanate or hydrogenated MDI (H12MDI) is three common types of aliphatic diisocyanates. The Aliphatic Isocyanates market was valued at US$ 3450 million in 2021 and is projected to reach US$ 5020 million by 2028, at a CAGR of 6.45% during the forecast period (21-28).
The following pie chart is the global consumption share of Aliphatic Isocyanates released by ASSO International Consulting in 2021:
Source: ASSO Consulting Company
1; The largest consumer market for aliphatic isocyanates in the world is mainly China, followed by Europe and North America. Analyst Lucas from ASSO International Consulting pointed out that the market demand of the three regions accounts for 75% of the global market demand. Affected by the sluggish global economy, the demand for aliphatic isocyanates shows a moderate growth trend.
2; The primary application of aliphatic isocyanates in the world is the paint industry, which accounts for about 60% of the market demand. Due to the continuous growth of the global construction industry and infrastructure spending, the global demand for aliphatic isocyanates also shows a rapid upward trend.
3; The aliphatic isocyanates industry is an industry with extremely high market concentration, because the industry has a very high market threshold. The main players are Covestro, Evonik, Vencorex and BASF, among which Covestro occupies a significant market share. The industry's capacity expansion cycle is 2-3 years, and major players are optimistic about the industry.
Click to view the full report TOC, figure and tables：
The Global Aliphatic Isocyanates Market Research Report 2022 report released by ASSO Consulting Company provides a basic overview of the Aliphatic Isocyanates industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures. The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Aliphatic Isocyanates industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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