DUBLIN, Oct. 15, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/rtslgd/global_methylene) has announced the addition of the "Global Methylene Diphenyl Isocyanate (MDI) Market 2015-2019" report to their offering.
The global MDI market to grow at a CAGR of 6.55% by volume during 2014-2019
Global MDI Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on various types of production techniques, applications, and demand-supply dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. The report further includes a discussion of the key vendors operating in this market.
Owing to the penetration of adhesives and sealants into new and advanced application markets and the increased use of these products in recent years, the global MDI market has witnessed an increasing demand for these products. The construction industry utilizes adhesives for different applications such as floor structure bonding and beam supporting, attaching interior wallboards and studs, and providing flawless wall surfaces. Structural sealants are also gaining attention in the construction industry. For instance, they can hold the curtain wall panel in place without any mechanical fastening. These adhesives and sealants are also gaining popularity in the medical sector for use in surgical and dental procedures. The increased use of adhesives and sealants will benefit the global MDI market during the forecast period.
According to the report, MDIs are principally utilized as crude materials for PUs. PUs are the most adaptable polymers, and are used in a number of structures ranging from rigid foams to dense solid compositions and from adaptable foams to elastomers. PUs are accessible in different structures, extending from adaptable or inflexible lightweight froths to intense, firm, and solid elastomers. These features enable their utilization in a wide variety of consumer and industrial applications, including refrigerators, thermal insulation of buildings, household furniture, shoe soles, and automotive seating. Development of end-utilization commercial industries such as construction and electronics will also drive the PU demand in the coming five years. Thermosetting elastomers and thermoplastic elastomers are fundamental types of PU elastomers, of which thermosetting elastomers held the largest market share of 75% of the overall industry in 2014.
Further, the report states that fluctuations in the prices of raw materials used in the MDI manufacturing process are however hampering the growth of the market.
The report further provides data on the following segments of the market
- By application: rigid foam, flexible foam, coatings, elastomers, adhesives and sealants, and others
- Geography: APAC, Europe, North America, and ROW
- Kumho Mitsui
- Yantai Wanhua
Other prominent vendors
- Chongqing Changfeng Chem
- National Petrochemical of Iran
- Nippon PU
- Shanghai Lianheng
For more information visit http://www.researchandmarkets.com/research/rtslgd/global_methylene
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SOURCE Research and Markets