Methylene Diphenyl Diisocyanate (MDI) Market is Expected to Reach USD 16.0 Billion by 2016: Transparency Market Research
ALBANY, New York, March 19, 2012 /PRNewswire/ --
According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Methylene Diphenyl Diisocyanate (MDI) Market: Global Market Analysis, Size, Share & Forecast (2009 - 2016)", Global MDI market was worth USD 11.9 billion in 2011 and is expected to reach USD 16.0 billion in 2016, growing at a CAGR of 6.1% from 2011 to 2016. Asia Pacific is expected to maintain its lead position in terms of revenue with 37.4% of global MDI market share in 2016 followed by Europe.
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MDI is mostly used for manufacturing rigid polyurethane foams, which are widely used as insulators in construction, consumer appliances, industrial applications, packaging and other such applications. It is also used in non-foam applications such as Elastomers, paints & coating, and adhesives & sealants.
Global MDI consumption is expected to reach 6.0 million tons in 2016 from 4.6 million tons in 2011, growing at a CAGR of 5.5% from 2011 to 2016. Asia Pacific was the largest consumer of MDI at 1.7 million tons in 2011.
Rigid foams was the largest application segment of MDI market, which accounted for 56.1% of the global MDI Market revenue in 2011. The segment is expected to grow at a CAGR of 6.2% from 2011 to 2016. The Adhesive & Sealants segment of MDI application market will have a growth rate of 6.2% from 2011 to 2016. The Flexible Foams application segment of MDI market will grow at a CAGR of 5.2% from 2011 to 2016 to attain a market value of USD 1.1 billion in 2016.
This report provides a holistic view to the overall global Methylene Diphenyl Diisocyanate (MDI) market with 8 years market data (volume-value) & forecast based on raw materials (crude oil, propylene, aniline and benzene), applications (rigid foams, flexible foams, paints & coatings, adhesives & sealants, elastomers & binders) and geographies (North America, Europe, Asia Pacific and Rest of the World)
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