As per the report “ Aliphatic Isocyanate Market By Type (HDI, IPDI, H12MDI), By Application (Coatings, Adhesives & Sealants, Elastomers) Industry Trends, Estimation & Forecast, 2017 – 2025″ In 2017, the coatings segment generated the highest revenue share in the global aliphatic isocyanate market. Among major regions, Europe was the highest revenue generating market, holding nearly 30% of the market share, in 2017.
„Advocements in end use applications of aliphatic isocyanates are urging the market players to invest heavily in their R & D activities. Prominent market players are investing billions of dollars, in order to enhance their product portfolio and meet the aging customer demands. „
Among various applications, the coating segment has the highest market share and is expected to maintain the trend
The Coatings and paints are indispensable components of any automotive and machinery manufacturing industry. They include automotive coatings, agricultural machinery, aircrafts, railway locomotives and coaches, plastic articles and various others. The constant growth of automotive and machinery industry is expected to drive the demand of aliphatic isocyanates for coatings.
HDI emerges as the highest revenue generating segment in the global aliphatic isocyanate market
The HDI aliphatic isocyanates market is majorly driven by the growth in end-user industries. In addition to this, major aliphatic isocyanate producers are expanding their operations in the Asia-Pacific region, which is driving the growth of this segment. Moreover, HDI in the manufacturing of a variety of products, including automobiles, aircraft, flooring, furniture, safety equipment, machinery, medical devices and infrastructure projects is fuelling the market growth.
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Europe garnered the highest revenue in the global market, owing to the growth in its industrial sector
Europe hero nearly 30% market share, in terms of revenue, of the global market. CAGR of 2.9% during the forecast period. Europe is a manufacturer of automotive and mechanical components. In Europe, the sealants and adhesives produced via aliphatic isocyanates are majorly used in the construction industry. According to FEICA, approximately 29% of adhesives and sealants are used in construction activities. Moreover, various European aliphatic isocyanate producers formed an association known as the European Aliphatic Isocyanates Producers Association (ALIPA), which deals primarily with the safe and proper use of aliphatic isocyanates.
CHINA ALIPHATIC ISOCYANATES MARKET SIZE AND GROWTH RATE, 2015-2025
KEY FINDINGS OF GLOBAL ALIPHATIC ISOCYANATES MARKET, 2017-2025
• The global aliphatic isocyanate market is anticipated to witness a declining price trend during the forecast period 2018-2025.
• Indian Railways have adopted Epoxy cum Polyurethane painting system for exterior painting of railway coaches, diesel, and electric locomotives, which is boosting the regions market growth.
• Elastomers segment is expected to grow with an impressive CAGR of 3.8% during the forecast period.
• Europe led the global aliphatic isocyanates market in 2017, in terms of revenue, by holding nearly 30% of the total share.
GLOBAL ALIPHATIC ISOCYANATES PRODUCTION BY TYPE, 2015-2025
Some key market players are Covestro AG, Evonik Industries AG, Vencorex, BASF, Asahi Kasel, NPU, and Wanhua Chemical. Aliphatic Isocynates, production, capacity, market share, large margin and their growth strategies have been provided in the report.