Isocyanate Market: By Type, Toluene diisocyanate, Aliphatic isocyanate and Others), By End-user, By Application, and Region Forecast 2019-2030
The isocyanate market size was valued at US$ 27,891.3 million in 2023 and is projected to reach a value of US$ 38,985.0 million by 2030, at a CAGR of 4.9% from 2024-2030. Moreover, the U.S. Isocyanate market is projected to grow significantly, reaching an estimated value of US$ 20,548.7 million by 2032.
The market is primarily driven by the rising demand for polyurethane products in the automotive, construction, and furniture industries, which are encouraged by increased construction activities and technological advancement. This market faces health and safety hazards associated with isocyanates, stringent regulations, and volatile prices of raw materials. Emerging markets, the development of sustainable and bio-based alternatives, and the extension of end-use industries will present positive growth opportunities. The trend for water-based products and recycling will keep driving the market forward.
Bayer AG, BASF SE, KUMHO MITSUI CHEMICALS CORP, Wanhua Chemical Group Co. Ltd., GNF Limited, Yantai Sanjiang Chemical Industry Material Co. Ltd., China National Blue Star (Group) Co. Ltd, Vencorex, Asahi Kasei Corporation, Dahua (Group) Co. Ltd., Hebei Cangzhou New Century Foreign Trade Co., Ltd., DOW, Mitsui Chemicals, Inc., Chemtura Corporation, Huntsman International LLC, Evonik Industries AG, Tosoh Corporation, Anderson Development, Covestro AG
• North America is seen to be the largest region in the market
• The fastest-growing region is the Asia-Pacific
• Based on the type, the methylene diphenyl diisocyanate (MDI) segment holds a 36.8% market share
• Based on the end-user, the automotive segment holds a 48.2% market share
• Based on the application, the flexible foam segment holds 29.7% market share
• As of March 2023, global production capacity for Methylene diphenyl diisocyanate (MDI) was estimated to exceed 10 million metric tons per year.
• By January 2024, rigid polyurethane foams made from MDI were projected to account for over 60% of the insulation materials used in new residential constructions in North America.
• By February 2024, isocyanates used in healthcare applications, particularly for medical devices, were expected to grow by 15% year-over-year.
• In January 2024: Mitsui Chemicals announced the development of a new bio-based isocyanate product line, focusing on sustainability and reducing reliance on fossil fuels.
• In April 2024: Lanxess introduced a new range of low-emission isocyanates for the coatings industry, aligning with increasing regulatory demands for environmentally friendly products.
• In July 2023: Wanhua Chemical Group unveiled plans to expand its isocyanate production facilities in Asia-Pacific, targeting increased output to meet rising regional demand.
By Type: The Methylene diphenyl diisocyanate (MDI) segment leads the market. MDI has numerous applications in rigid polyurethane foams that are indispensable for construction and refrigeration insulation. MDI has extensive applicability and efficiency, which makes it useful in the automotive and furniture industries as well. The TDI market segment occupies the next position wherein the market share is quite considerable. TDI is used majorly in flexible foams for mattresses and upholstery. Although it is small, aliphatic isocyanate is gaining market share, though in specialty applications, like coatings and adhesives. Generally, MDI's market leadership continues to be driven increasingly by the crucial role that the high-performance material of its plays in key industries.
By End User: The most prominent leading application in the market is building and construction, primarily led by high demand for polyurethane products that are used in applications such as insulation, coatings, and sealants. This is because the demand to increase efficiency in buildings keeps growing continuously. The automotive application is placed second, accounting for a considerable share, because isocyanates are used in a variety of applications ranging from interior to exterior components and also as insulation materials. Another major sector for this business is furniture, specifically in flexible foams for upholstery. There is also a developing market in the healthcare field, as isocyanates are used in medical devices as well as in coatings.
By Application: Rigid foam segment held considerable market share as this product has wider application among insulation to the various sectors in the building and construction sector. This product is appropriate to use in insulation owing to its relevance to energy efficiency, especially in commercial and residential buildings and in the refrigeration industry. Regarding the structural type, flexible foam is also important, mainly for furniture, automotive seating, and bedding applications where comfort and durability can be prioritized. Paint and coatings also have a substantial share as they are driven by high-performance coatings demand with durability and protection. Adhesives and sealants are indispensable in many industries. They can improve bonding capabilities, and specialized applications rely on elastomers and binders.
Study Period
2024 - 2030Base Year
2023CAGR
4.9%Largest Market
North AmericaFastest Growing Market
Asia pacific
The isocyanate market are growing with increasing demand for polyurethane products in the automotive, construction, and furniture sectors. Higher construction activity, especially in developing economies, combined with technological improvements in the production process, increases prospects for growth in the market. In addition, the trend towards more energy-efficient materials that also offer improved performance spurs demand for isocyanates.
Despite the growth, the market faces various challenges such as health and safety-related concerns arising from isocyanates, which have been classified as hazardous. Strict laws and regulations involving usage and emissions may sometimes become a challenge in production at times. Additionally, the constant fluctuations in raw material prices affect the manufacturing cost and margins and raise uncertainty for the manufacturers.
Emerging markets also enjoy fast industrialization and urbanization to boost demand for construction and automotive products in the market. A vital area is also the development of sustainable, bio-based isocyanate alternatives growing in concern due to rising environmental awareness amongst consumers and manufacturers along with the growth of end-use industries and innovation in product formulations and growth.
The major trends driving the market are a higher preference for water-based and low-VOC products, which are in line with environmental norms and consumers' demand for sustainable products. In this regard, an increase in production efficiency and properties of the product through technological advancements will be observed. Furthermore, the emergence of the concept of a circular economy primarily embracing concepts such as recycling and sustainability is developing itself in the polyurethane segment that would enhance the manufacture of new isocyanate products.
• North America is seen to be the largest region in the isocyanate market especially in the United States. This is because of the high presence of the automotive and construction industries, which remain the biggest drivers for polyurethane products mainly in coatings, adhesives, and insulation applications.
• The fastest-growing region is the Asia-Pacific, led by the factors of rapid industrialization and urbanization along with the rapidly increasing construction activities in the region. This has created a massive demand for polyurethane applications in the countries of China and India mainly triggered by the rise in the automotive and construction sectors. High concern for sustainable material usage along with eco-friendly products enhances the growth of its market at a higher rate in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
|
Report Study Period |
2024 - 2030 |
|
Market Size in 2023 |
US$ 27,891.3 million |
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Market Size in 2030 |
US$ 38,985.0 million |
|
Market CAGR |
4.9% |
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By Type |
|
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By End-user |
|
|
By Application |
|
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By Region |
|
The isocyanate market is expected to see robust growth due to rising polyurethane usage from the construction, automotive, and furniture industries. In addition, rigid foams have gained a strong foothold in insulation applications that reflect the increased focus on energy efficiency and sustainability. However, the stringent health and safety regulations and raw material price fluctuations remain a sizeable challenge. Innovations are likely to appear in the area of bio-based isocyanates and sustainable practices, primarily driven by the regulatory push and consumer pull toward an environment-friendly solution. Overall, the future looks rosy as continued investment in capacity and advancement in technology further aids growth prospects.
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The common ones used in the industry are Methylene diphenyl diisocyanate (MDI), Toluene diisocyanate (TDI), and aliphatic isocyanates. MDI has its applications mainly in rigid foams while TDI is employed majorly in flexible foams.
Some of the major applications for the isocyanate market include rigid foams, flexible foams, paints and coatings, adhesives and sealants, elastomers, and binders. Rigid foams are important, especially in building insulation.
Isocyanates are hazardous materials: can cause respiratory problems, and also frequently lead to sensitization of the skin. Therefore, applications for the production of goods necessitate stringent regulations for safe handling and application, thus fundamental safety precautions and equipment.
Key trends involve a trend towards sustainable, bio-based isocyanates, increasing demand for low-VOC, waterborne formulations, and new production technologies that are directed towards more efficient and less environmentally impactful processes.
The automotive industry is an important segment for isocyanates, which consumes largely in relation to interior components, insulation materials, and seating. The growth of this sector proves to be a big driving force in the demand chain of isocyanate
| 1. Executive Summary |
| 2. Global Isocyanate Market Introduction |
| 2.1.Global Isocyanate Market - Taxonomy |
| 2.2.Global Isocyanate Market - Definitions |
| 2.2.1.Type |
| 2.2.2.End Users |
| 2.2.3.Application |
| 2.2.4.Region |
| 3. Global Isocyanate Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Isocyanate Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Isocyanate Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Methylene diphenyl diisocyanate (MDI) |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Toluene diisocyanate (TDI) |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Aliphatic isocyanate |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Isocyanate Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Building & Construction |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Healthcare |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Automotive |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Furniture |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Isocyanate Market By Application , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Rigid Foam |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Paint and Coatings |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Flexible Foam |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Adhesives & Sealants |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Elastomers |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Binders |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Others |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8. Global Isocyanate Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Isocyanate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Methylene diphenyl diisocyanate (MDI) |
| 9.1.2.Toluene diisocyanate (TDI) |
| 9.1.3.Aliphatic isocyanate |
| 9.1.4.Others |
| 9.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Building & Construction |
| 9.2.2.Healthcare |
| 9.2.3.Automotive |
| 9.2.4.Furniture |
| 9.2.5.Others |
| 9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Rigid Foam |
| 9.3.2.Paint and Coatings |
| 9.3.3.Flexible Foam |
| 9.3.4.Adhesives & Sealants |
| 9.3.5.Elastomers |
| 9.3.6.Binders |
| 9.3.7.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Isocyanate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Methylene diphenyl diisocyanate (MDI) |
| 10.1.2.Toluene diisocyanate (TDI) |
| 10.1.3.Aliphatic isocyanate |
| 10.1.4.Others |
| 10.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Building & Construction |
| 10.2.2.Healthcare |
| 10.2.3.Automotive |
| 10.2.4.Furniture |
| 10.2.5.Others |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Rigid Foam |
| 10.3.2.Paint and Coatings |
| 10.3.3.Flexible Foam |
| 10.3.4.Adhesives & Sealants |
| 10.3.5.Elastomers |
| 10.3.6.Binders |
| 10.3.7.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Isocyanate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Methylene diphenyl diisocyanate (MDI) |
| 11.1.2.Toluene diisocyanate (TDI) |
| 11.1.3.Aliphatic isocyanate |
| 11.1.4.Others |
| 11.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Building & Construction |
| 11.2.2.Healthcare |
| 11.2.3.Automotive |
| 11.2.4.Furniture |
| 11.2.5.Others |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Rigid Foam |
| 11.3.2.Paint and Coatings |
| 11.3.3.Flexible Foam |
| 11.3.4.Adhesives & Sealants |
| 11.3.5.Elastomers |
| 11.3.6.Binders |
| 11.3.7.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Isocyanate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Methylene diphenyl diisocyanate (MDI) |
| 12.1.2.Toluene diisocyanate (TDI) |
| 12.1.3.Aliphatic isocyanate |
| 12.1.4.Others |
| 12.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Building & Construction |
| 12.2.2.Healthcare |
| 12.2.3.Automotive |
| 12.2.4.Furniture |
| 12.2.5.Others |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Rigid Foam |
| 12.3.2.Paint and Coatings |
| 12.3.3.Flexible Foam |
| 12.3.4.Adhesives & Sealants |
| 12.3.5.Elastomers |
| 12.3.6.Binders |
| 12.3.7.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Isocyanate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Methylene diphenyl diisocyanate (MDI) |
| 13.1.2.Toluene diisocyanate (TDI) |
| 13.1.3.Aliphatic isocyanate |
| 13.1.4.Others |
| 13.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Building & Construction |
| 13.2.2.Healthcare |
| 13.2.3.Automotive |
| 13.2.4.Furniture |
| 13.2.5.Others |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Rigid Foam |
| 13.3.2.Paint and Coatings |
| 13.3.3.Flexible Foam |
| 13.3.4.Adhesives & Sealants |
| 13.3.5.Elastomers |
| 13.3.6.Binders |
| 13.3.7.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Bayer AG |
| 14.2.2.BASF SE |
| 14.2.3.KUMHO MITSUI CHEMICALS CORP |
| 14.2.4.Wanhua Chemical Group Co. Ltd. |
| 14.2.5.GNF Limited |
| 14.2.6.Yantai Sanjiang Chemical Industry Material Co. Ltd |
| 14.2.7.China National Blue Star (Group) Co. Ltd |
| 14.2.8.Vencorex, Asahi Kasei Corporation |
| 14.2.9.Dahua (Group) Co. Ltd. |
| 14.2.10.Hebei Cangzhou New Century Foreign Trade Co. |
| 14.2.11.Ltd., DOW, Mitsui Chemicals Inc. |
| 14.2.12.Chemtura Corporation |
| 14.2.13.Huntsman International LLC |
| 14.2.14.Evonik Industries AG |
| 14.2.15.Tosoh Corporation |
| 14.2.16.Anderson Development |
| 14.2.17. Covestro AG |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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