Aliphatic Isocyanates Market is projected to grow with CAGR of 2.7% during the forecast period of 2017 to 2025.
Aliphatic isocyanates, also known as di-isocyanates (ADI) are majorly used to make paint and durable adhesives. They are specialty intermediate chemicals that are resistant to abrasions, chemicals, and harsh weather conditions. ADI has such excellent resistant characteristics due to its slow reaction with the polyols. Polyisocyanates, formed due to the reaction of aliphatic isocyanates, are the building blocks that form the surface coating agents such as adhesives and elastomers. Aliphatic isocyanates are the basic chemical used to make paints and surface coats, which are then used in various industries such as marine, automotive, construction, and few others.
The global aliphatic isocyanates market is majorly driven by the growth of manufacturing and construction industry. This has significantly hiked the demand for thermoplastics, polyurethane, adhesive and various other materials used in paint, automobile, and adhesive industry. However, increasing environmental awareness and volatile raw material prices might restrict the market growth.
ALIPHATIC ISOCYANATES MARKET DETERMINANTS-IMPACT ANALYSIS, 2017 Vs. 2022
The global aliphatic isocyanates market is segmented on the basis of type, applications, and regions. By type, the market is segmented as HDI, IPDI, and H12MDI. On the basis of application, the market is segmented as coatings, adhesives & sealants, elastomers, and others. Geographically, the market is segmented into North America, China, Europe, Japan, India, and Southeast Asia.
GLOBAL ALIPHATIC ISOCYANATES MARKET REVENUE AND GROWTH RATE, 2017-2022
Some major market players of the aliphatic isocyanates market are Covestro AG, Evonik Industries AG, Vencorex, BASF, Asahi Kasel, NPU, and Wanhua Chemical.
ALIPHATIC ISOCYANATES MARKET SEGMENTATION
• Adhesives & sealants
• North America
• Southeast Asia
ALIPHATIC ISOCYANATES MARKET KEY PLAYERS
• Covestro AG
• Evonik Industries AG
• Asahi Kasel
• Wanhua Chemical