Methylene diphenyl diisocyanate, also referred to as MDI, is largely used to produce stiff polyurethane foams. These foams are broadly used as building insulators and in manufacturing applications, client devices, wrapping and for other purposes. MDI is also used in non foam applications, like paints and coatings, elastomers, bonding agents and sealants.
The growing demand for MDI from its client and application sectors is anticipated to propel demand for the methylene diphenyl diiscocyanate (MDI) market. This worldwide market is predicted to rise to about USD 16 billion by 2016. It is projected to notice around 6 percent CAGR from 2011 to 2016. The market is anticipated to rise at this CAGR on account of robust expansion in retails of rigid foams.
An upward trend in the methylene diphenyl diiscocyanate (MDI) market is anticipated to be witnessed in the coming years. This trend is projected to happen at about 5.5 percent CAGR through the forecast period owing to increased demand for methylene diphenyl diiscocyanate (MDI) from emergent nations, like China and India in Asia Pacific.
Rigid foams were the biggest application sector of the methylene diphenyl diiscocyanate (MDI) market in 2011. They occupied nearly 56 percent of the worldwide income that year. Rigid foams are anticipated to increase at around 6 percent CAGR during the forecast phase.
Asia Pacific is the most rapidly expanding the methylene diphenyl diiscocyanate (MDI) market during the forecast period. It is estimated to expand at around 8 percent CAGR during the same period. The methylene diphenyl diiscocyanate (MDI) market is divided on the basis of applications, raw materials and geographical regions.
Posted on Mar 30, 2015 | Category Chemical