Isocyanates are used widely in the production of rigid and flexible foams, fibers, and coatings such as paints and varnishes. Moreover, isocyanates are found in spray-on polyurethane products that have a wide range of commercial and industrial as well as retail use to protect wood, boats, truck beds, decks, steel, fiberglass, and others. A recently published market research report by IndustryARC shows that isocyanates market has attained a global valuation of $34.4 billion as of 2018. The report further forecasts that during the period of 2019-2025, the isocyanates market size will witness an increment at a profitable CAGR of 7.2%.
According to the International Trade Centre (ITC), the trade value of paints and varnishes was evaluated at $6.49 billion in 2018. In 2017-2018 the market value has seen a growth of 7%. This created a healthy isocyanates marketplace in 2018, as isocyanates find a major application in coatings.
The isocyanates market research report titled, “Isocyanates Market: Type (Methylene Diphenyl Diisocyanate, Toluene Diphenyl Diisocyanate, Aliphatic Isocyanates), Application (Rigid Foam, Flexible Foam, Paints & Coatings, Adhesive & Sealants, Elastomers & Binders) & By Region – Forecast (2018 - 2023)” provides an insight into the detailed assessment of brand builders and market forces who are contributing to the growth of the isocyanates market, which is acting upon the enrichment of the vendors. Furthermore, it gives an analysis about the market based on its type such as Methylene Diphenyl Diisocyanate (MDI), Toluene Diphenyl Diisocyanate (TDI), and Aliphatic Isocyanates. The report also gives an insight into the isocyanates market by application in the form of rigid foam, flexible foam, paints and coatings, adhesive & sealants, and elastomers & binders. This will give an idea about the most cost-effective segments along with its ease of business amidst all the regions across the world. This report details Isocyanates Market size by type and applications, Isocyanates Market share by top 5 companies and also the market share by start-ups during the forecast period.
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Isocyanates Market: Geographical Analysis & Leading Segments
APAC held 36% share in the worldwide isocyanates market valuation as of 2018. A report of IndustryARC suggests that APAC had the maximum paints and coatings market share of 44% in 2018. APAC is currently observing an impressive growth in its economy due to the flourishing industrial sector and construction industry. The humongous production of steel in various parts of APAC is leading to the increasing production of paints and coatings used for protection that widely indulge the usage of isocyanates as a curing agent. With the increasing trade of iron and steel, the paints and coatings industry is also expected to see a surge, resulting in the growth of the isocyanates market.
The key application segment of the isocyanates market is the furniture industry, projected to grow at a CAGR of 7.2% through to 2025. According to International Trade Centre (ITC), the trade value of furniture industry across the globe was evaluated at $90.689 billion as of 2018, which experienced a year on year rise of 7%.This created lucrative opportunities in the isocyanates market, because they are extensively used in paints and coatings which are applied on furniture products.
Isocyanates Market: Trends and Growth Drivers
• Application of Isocyanate in the Automobile Industry –
Automotive industry is one of the world's largest economic sectors by revenue. While the automotive industry is reaching its peak, the use of isocyanates is also increasing. It is used in paint hardener, which are commonly applied in motor vehicle repair (MVR). Isocyanates are also implemented in the painting of large commercial vehicles. According the International Association of Motor Vehicles Manufacturers (OICA), there were 95,634,593 vehicles manufactured in 2018, which created a substantial isocyanates marketplace for vendors to leverage the demand. Moreover, the automotive industry is poised to witness more growth prospects due to the advent of electric vehicles, semi-autonomous and autonomous vehicles, and self-driving trucks. Thus, isocyanates market will see a surge in the upcoming years.
• Implementation of Isocyanate in building insulation materials –
With the growing concern of global warming and continually increasing energy demand, the insulation materials industry is seeing growth. Moreover, new residential constructions are constantly underway as urbanization engulfs emerging economies, which is giving the insulation material industry an additional push. And as isocyanates are used in building insulation materials, the isocyanates market is going to grow by leaps and bounds in the upcoming years.
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Isocyanates Market: Competitive Landscape
The companies that are expanding geographically to gain ground over their competitors are Ashai Kasei, BASF SE, Covestro, Chemtura Corporation, DowDuPont, Evonik Industries, Hebei Cangzhou Dahua Group Co. Ltd, Huntsman Corporation, Kumho Mitsui Chemicals Inc, Mitsui Chemicals Inc, Vencorex, and Yantai, Wanhua Polyurethanes Co. Ltd. They are becoming brand names in the isocyanates market. From bringing innovation to survive in the market place to creating a supply chain by collaborating with local players, these various companies are investing on R&D activities to carve a niche for themselves.
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The latest trending report Global Isocyanates Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Isocyanates market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 8.9% in the forecast period of 2020 to 2025 and will expected to reach USD 369.6 million by 2025, from USD 262.8 million in 2019.The Isocyanates market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/27568-isocyanates-market-analysis-reportThe major players covered in Isocyanates are: BAXENDEN DIC Evonik Vencorex Leeson Polyurethanes Covestro Tosoh EMS Rudolf Asahi KASEI Shiquanxing Mitsui Chemicals BoGao Cale Chem Meisei Chem Jiang Xing IndustryBy Type, Isocyanates market has been segmented into:Water-based Blocked IsocyanateSolvent-based Blocked IsocyanateBy Application, Isocyanates has been segmented into:Single-Component CoatingAdhesiveOtherThe report offers in-depth assessment of the growth and other aspects of the Isocyanates market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Isocyanates Market @ https://www.decisiondatabases.com/contact/download-sample-27568The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Isocyanates product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Isocyanates, with price, sales, revenue and global market share of Isocyanates in 2018 and 2019.Chapter 3, the Isocyanates competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Isocyanates breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Isocyanates market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Isocyanates sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Isocyanates Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-27568Other Reports by DecisionDatabases.com:Global Aliphatic Isocyanates Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Hexamethylene Diisocyanate Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Isophorone Diisocyanate (IPDI) Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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The Global PVC Window Profile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
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The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
The new report on the Cutlery market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019.
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