Asia-Pacific methylene diphenyl di-isocyanate (MDI) market is expected to reach USD 19,107,192.50 Thousand by 2030 from USD 12,426,022.78 Thousand in 2022, growing at a CAGR of 5.6% during the forecast period of 2023 to 2030.
Market Segmentation:
Asia-Pacific Methylene Diphenyl Di-Isocyanate (MDI) Market, By Application (Polyurethane Foam, Polyurethane Elastomers, Polyurethane Adhesives and Sealants, Polyurethane Coatings, and Others), End-Use (Footwear, Furniture, Automotive, Building and Construction, Home Appliances, Textile, Healthcare, Electrical and Electronics, Packaging, Industrial Machinery, and Others), Country (Japan, China, India, South Korea, Australia & New Zealand, Vietnam, Malaysia, Thailand, Indonesia, Taiwan, and Rest of Asia-Pacific) - Industry Trends and Forecast to 2030
Overview of Asia-Pacific Methylene Diphenyl Di-Isocyanate (MDI) Market Dynamics:
Driver
Gaining acceptance in the automotive sector
Restraint
Fluctuating demand-supply dynamics of isocyanates
Opportunity
Rapid industrialization in emerging economies
Market Players:
Some of the key market players operating in the Asia-Pacific methylene diphenyl di-isocyanate (MDI) market are listed below:
BASF SE
SABIC
Wanhua
Covestro AG
Dow
Tosoh Corporation
LANXESS
Huntsman International LLC
Tokyo Chemical Industry (India) Pvt. Ltd.
KUMHO MITSUI CHEMICALS
Sadara
Karun Petrochemical Company
Henkel Polybit (A subsidiary of Henkel AG & Co. KGaA)
KURMY CORPORATIONS
Era Polymers Pty Ltd
TABLE OF CONTENTS
1 INTRODUCTION 50
1.1 OBJECTIVES OF THE STUDY 50
1.2 MARKET DEFINITION 50
1.3 OVERVIEW 50
1.4 LIMITATIONS 52
1.5 MARKETS COVERED 52
2 MARKET SEGMENTATION 57
2.1 MARKETS COVERED 57
2.2 GEOGRAPHICAL SCOPE 58
2.3 YEARS CONSIDERED FOR THE STUDY 59
2.4 CURRENCY AND PRICING 59
2.5 DBMR TRIPOD DATA VALIDATION MODEL 60
2.6 APPLICATION LIFELINE CURVE 63
2.7 MULTIVARIATE MODELING 64
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 65
2.9 DBMR MARKET POSITION GRID 66
2.10 MARKET APPLICATION COVERAGE GRID 67
2.11 DBMR MARKET CHALLENGE MATRIX 68
2.12 DBMR VENDOR SHARE ANALYSIS 69
2.13 SECONDARY SOURCES 70
2.14 ASSUMPTIONS 71
3 EXECUTIVE SUMMARY 72
4 PREMIUM INSIGHTS 75
4.1 PESTLE ANALYSIS 77
4.1.1 POLITICAL FACTORS: 78
4.1.2 ECONOMIC FACTORS: 78
4.1.3 SOCIAL FACTORS: 79
4.1.4 TECHNOLOGICAL FACTORS: 79
4.1.5 LEGAL FACTORS: 80
4.1.6 ENVIRONMENTAL FACTORS: 81
4.2 PORTERS FIVE FORCES: 82
4.2.1 THREAT OF NEW ENTRANTS: 82
4.2.2 THE THREAT OF SUBSTITUTES: 83
4.2.3 CUSTOMER BARGAINING POWER: 83
4.2.4 SUPPLIER BARGAINING POWER: 83
4.2.5 INTERNAL COMPETITION (RIVALRY): 84
4.3 CLIMATE CHANGE SCENARIO 85
4.3.1 ENVIRONMENTAL CONCERNS 85
4.3.2 INDUSTRY RESPONSE 85
4.3.3 GOVERNMENT'S ROLE 85
4.3.4 ANALYST RECOMMENDATION 85
4.4 IMPORT EXPORT SCENARIO 86
4.5 PRICE INDEX SCENARIO 88
4.6 PRODUCTION CONSUMPTION ANALYSIS 89
4.7 PRODUCTION CAPACITY OVERVIEW 90
4.8 RAW MATERIAL COVERAGE 91
4.9 SUPPLY CHAIN ANALYSIS 92
4.9.1 OVERVIEW 92
4.9.2 LOGISTIC COST SCENARIO 92
4.9.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 92
4.10 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS 93
4.11 VENDOR SELECTION CRITERIA 94
4.12 LIST OF KEY BUYERS 96
4.12.1 ASIA-PACIFIC 96
5 REGULATION COVERAGE 97
6 MARKET OVERVIEW 99
6.1 DRIVERS 101
6.1.1 POSITIVE OUTLOOK TOWARD THE PRODUCTION OF POLYURETHANES 101
6.1.2 FAVORABLE SCENARIO FOR POLYURETHANES IN THE BUILDING AND CONSTRUCTION INDUSTRY 103
6.1.3 GAINING ACCEPTANCE IN THE AUTOMOTIVE SECTOR 105
6.1.4 RISING ADOPTION OF POLYURETHANES IN THE FURNITURE INDUSTRY 107
6.1.5 INCREASING PROMINENT USAGE OF THERMAL INSULATION IN REFRIGERATION 108
6.2 RESTRAINTS 109
6.2.1 STRINGENT RULES AND REGULATIONS ASSOCIATED WITH MDI 109
6.2.2 TOXIC EFFECTS OF MDI ON HEALTH 110
6.3 OPPORTUNITIES 110
6.3.1 INCORPORATION OF THE NEW PRODUCTION FACILITY AND EXPANSION OF EXISTING ONE 110
6.3.2 LAUNCHES OF NOVEL PRODUCTS AND ADVANCEMENTS IN PRODUCTION TECHNOLOGIES 111
6.4 CHALLENGES 112
6.4.1 THE FLUCTUATION IN RAW MATERIAL PRICES 112
6.4.2 FLUCTUATING DEMAND-SUPPLY DYNAMICS OF ISOCYANATES 113
7 ASIA PACIFIC METHYLENE DIPHENYL DI-ISOCYANATE (MDI) MARKET, BY REGION 115
7.1 ASIA-PACIFIC 116
7.1.1 CHINA 130
7.1.2 JAPAN 137
7.1.3 SOUTH KOREA 146
7.1.4 INDIA 155
7.1.5 THAILAND 164
7.1.6 MALAYSIA 172
7.1.7 INDONESIA 181
7.1.8 VIETNAM 190
7.1.9 AUSTRALIA & NEW ZEALAND 199
7.1.10 TAIWAN 207
7.1.11 REST OF ASIA-PACIFIC 216
8 ASIA PACIFIC METHYLENE DIPHENYL DI-ISOCYANATE (MDI) MARKET: COMPANY LANDSCAPE 217
8.1 COMPANY SHARE ANALYSIS: ASIA PACIFIC 217
8.2 EXPANSION 218
8.3 INVESTMENT 218
9 COMPANY PROFILES 219
9.1 WANHUA. 219
9.1.1 COMPANY SNAPSHOT 219
9.1.2 REVENUE ANALYSIS 219
9.1.3 COMPANY SHARE ANALYSIS 220
9.1.4 SWOT ANALYSIS 220
9.1.5 PRODUCT PORTFOLIO 221
9.1.6 RECENT DEVELOPMENT 222
9.2 BASF SE 223
9.2.1 COMPANY SNAPSHOT 223
9.2.2 REVENUE ANALYSIS 223
9.2.3 COMPANY SHARE ANALYSIS 224
9.2.4 PRODUCT PORTFOLIO 224
9.2.5 SWOT 225
9.2.6 RECENT DEVELOPEMENT 226
9.3 COVESTRO AG 227
9.3.1 COMPANY SNAPSHOT 227
9.3.2 REVENUE ANALYSIS 227
9.3.3 COMPANY SHARE ANALYSIS 228
9.3.4 SWOT ANALYSIS 228
9.3.5 PRODUCT PORTFOLIO 229
9.3.6 RECENT DEVELOPMENTS 229
9.4 DOW 230
9.4.1 COMPANY SNAPSHOT 230
9.4.2 REVENUE ANALYSIS 230
9.4.3 COMPANY SHARE ANALYSIS 231
9.4.4 SWOT ANALYSIS 231
9.4.5 PRODUCT PORTFOLIO 232
9.4.6 RECENT DEVELOPMENTS 232
9.5 KUMHO MITSUI CHEMICALS 233
9.5.1 COMPANY SNAPSHOT 233
9.5.2 COMPANY SHARE ANALYSIS 233
9.5.3 SWOT ANALYSIS 234
9.5.4 PRODUCT PORTFOLIO 234
9.5.5 RECENT DEVELOPMENT 235
9.6 ERA POLYMERS PTY LTD 236
9.6.1 COMPANY SNAPSHOT 236
9.6.2 SWOT ANALYSIS 236
9.6.3 PRODUCT PORTFOLIO 237
9.6.4 RECENT DEVELOPMENT 237
9.7 HENKEL POLYBIT (A SUBSIDIARY OF HENKEL AG & CO. KGAA) 238
9.7.1 COMPANY SNAPSHOT 238
9.7.2 SWOT ANALYSIS 238
9.7.3 PRODUCT PORTFOLIO 239
9.7.4 RECENT DEVELOPMENT 239
9.8 HUNTSMAN INTERNATIONAL LLC 240
9.8.1 COMPANY SNAPSHOT 240
9.8.2 REVENUE ANALYSIS 241
9.8.3 SWOT ANALYSIS 241
9.8.4 PRODUCT PORTFOLIO 242
9.8.5 RECENT DEVELOPMENTS 242
9.9 KARUN PETROCHEMICAL COMPANY 243
9.9.1 COMPANY SNAPSHOT 243
9.9.2 SWOT ANALYSIS 243
9.9.3 PRODUCT PORTFOLIO 244
9.9.4 RECENT DEVELOPMENT 244
9.10 KURMY CORPORATIONS 245
9.10.1 COMPANY SNAPSHOT 245
9.10.2 SWOT ANALYSIS 245
9.10.3 PRODUCT PORTFOLIO 246
9.10.4 RECENT DEVELOPMENT 246
9.11 LANXESS 247
9.11.1 COMPANY SNAPSHOT 247
9.11.2 REVENUE ANALYSIS 247
9.11.3 SWOT ANALYSIS 248
9.11.4 PRODUCT PORTFOLIO 248
9.11.5 RECENT DEVELOPMENTS 248
9.12 SABIC 249
9.12.1 COMPANY SNAPSHOT 249
9.12.2 REVENUE ANALYSIS 249
9.12.3 PRODUCT PORTFOLIO 250
9.12.4 SWOT 250
9.12.5 RECENT DEVELOPEMENTS 250
9.13 SADARA 251
9.13.1 COMPANY SNAPSHOT 251
9.13.2 SWOT ANALYSIS 251
9.13.3 PRODUCT PORTFOLIO 252
9.13.4 RECENT DEVELOPMENT 252
9.14 TOKYO CHEMICAL INDUSTRY (INDIA) PVT. LTD. 253
9.14.1 COMPANY SNAPSHOT 253
9.14.2 SWOT ANALYSIS 253
9.14.3 PRODUCT PORTFOLIO 254
9.14.4 RECENT DEVELOPMENT 254
9.15 TOSOH CORPORATION 255
9.15.1 COMPANY SNAPSHOT 255
9.15.2 REVENUE ANALYSIS 255
9.15.3 SWOT ANALYSIS 256
9.15.4 PRODUCT PORTFOLIO 256
9.15.5 RECENT DEVELOPMENTS 256
10 QUESTIONNAIRE 257
11 RELATED REPORTS 260