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Isocyanate Market Size, Industry Forecast, Analysis 2031

Isocyanates Market: By Type, Toluene Diisocyanate, Hexamethylene Diisocyanate, Others), By Application, Coatings, Adhesives & Sealants, Elastomers, Others), By End User and By Region Forecast 2020-2031

Isocyanates Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI), Hexamethylene Diisocyanate (HDI), Others), By Application (Foams (Rigid and Flexible), Coatings, Adhesives & Sealants, Elastomers, Others), By End User (Construction, Automotive & Transportation, Furniture & Bedding, Electronics, Industrial, Others) and By Region Forecast 2020-2031

Report ID:398879

Published Date:Oct 2024

No of Pages: 235

Format:

Isocyanates Market was valued at US$ 33,850.1 million in 2024 and is expected to reach US$ 52,949.3 million by 2031, growing at a significant CAGR of 6.2% from 2025-2031. Moreover, the U.S.  market is projected to grow at 6.0% over the forecast period. The Isocyanates Market refers to the global industry centered around the production, distribution, and utilization of isocyanate compounds highly reactive organic chemicals containing the isocyanate group (-NCO). These compounds are primarily used in the manufacture of polyurethane products such as foams, coatings, adhesives, sealants, and elastomers. The market mainly includes key types such as methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and aliphatic isocyanates, which are essential intermediates for producing durable and flexible materials across various industrial sectors.

The Isocyanates Market has witnessed steady growth, driven by rising demand for polyurethane-based products across construction, automotive, furniture, and electronics industries. The expanding infrastructure sector, particularly in emerging economies, has fueled the consumption of rigid polyurethane foams used for insulation and energy-efficient building applications. Similarly, the automotive industry’s focus on lightweight materials for improved fuel efficiency has enhanced the use of flexible foams and coatings derived from isocyanates. However, environmental and health concerns related to isocyanate exposure have prompted regulatory scrutiny and the development of safer, bio-based alternatives. Continuous innovation in sustainable production methods and advancements in application technologies is expected to further shape the market’s evolution in the coming years.

 key Developments 

  • In August 2025, Covestro announced the acquisition of two production sites for hexamethylene diisocyanate (HDI) derivatives in Rayong, Thailand, and Freeport, Texas. This strategic move aims to bolster Covestro's capacity in the U.S. and Asia-Pacific regions, enhancing its ability to meet the growing demand for coatings and adhesives. The acquisition is expected to close by the end of 2025, reflecting Covestro's commitment to expanding its specialty isocyanates footprint.
  • In August 2025, Algenesis Labs unveiled Bio-Iso™, the world's first 100% biogenic carbon isocyanate derived from plants. This innovative product eliminates the need for fossil carbon in polyurethanes and is produced without using phosgene, a toxic chemical traditionally employed in isocyanate manufacturing. The commissioning of the Bio-Iso™ pilot plant marks a significant advancement in sustainable polyurethane chemistry.

Isocyanates Market segmentation

Based on the type 

  • Methylene Diphenyl Diisocyanate (MDI)
  • Toluene Diisocyanate (TDI)
  • Hexamethylene Diisocyanate (HDI)
  • Others

Methylene Diphenyl Diisocyanate (MDI) is anticipated to lead the isocyanates market, primarily driven by its extensive use in the production of rigid polyurethane foams. These foams are widely utilized in insulation applications for buildings, appliances, and industrial equipment due to their superior thermal efficiency and mechanical strength. The growing focus on energy-efficient construction and sustainable building materials has significantly boosted MDI demand. Additionally, its versatility in coatings, adhesives, and automotive components further enhances its market position. Continuous industrialization and infrastructure growth, especially in emerging economies, are expected to sustain MDI’s dominance as the leading segment in the global market.

Based on the application 

  • Foams (Rigid and Flexible)
  • Coatings
  • Adhesives & Sealants
  • Elastomers
  • Others

Foams, particularly rigid and flexible variants, are anticipated to dominate the isocyanates market owing to their extensive use across multiple industries. Rigid foams are highly preferred in construction and refrigeration applications for their superior insulation properties and energy efficiency, while flexible foams find wide usage in furniture, automotive seating, and bedding. The rising demand for lightweight and durable materials in automotive manufacturing and the growing emphasis on sustainable, energy-saving building solutions are key drivers behind this segment’s growth. As global infrastructure development accelerates, the foam application segment is expected to maintain its leadership in the isocyanates market.

Based on the end user 

  • Construction
  • Automotive & Transportation
  • Furniture & Bedding
  • Electronics
  • Industrial
  • Others

The construction sector is anticipated to lead the isocyanates market among all end users, primarily due to the extensive use of polyurethane foams for insulation, roofing, flooring, and sealants. The growing emphasis on energy-efficient and sustainable building designs has significantly increased the adoption of isocyanate-based materials, especially rigid polyurethane foams known for their excellent thermal insulation and durability. Rapid urbanization, infrastructure expansion, and government initiatives promoting green construction are further driving this demand. Additionally, the versatility of isocyanates in producing coatings and adhesives enhances their relevance in modern construction practices, solidifying the sector’s dominant position in the global market.

Isocyanate Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

6.2%

Largest Market

Asia-Pacific

Fastest Growing Market

Middle East & Africa

Isocyanate Market Dynamics

Drivers

Surge in demand for polyurethane products in the construction sector is expected to drive the global Isocyanates market. Polyurethane foams derived from isocyanates are widely used for thermal insulation, roofing, and flooring applications due to their excellent durability and energy efficiency properties. As governments and private developers focus on green and energy-efficient building practices, the adoption of these materials has surged. For instance, rigid polyurethane foams reduce energy consumption in buildings, helping meet sustainability targets. Additionally, rapid urbanization and infrastructure development in emerging economies such as India, China, and Brazil have further amplified demand. The versatility of isocyanates in producing flexible, durable, and lightweight materials for insulation, adhesives, and coatings makes them indispensable in modern construction projects. This ongoing trend is expected to continue driving market growth, as the global emphasis on energy efficiency and sustainable construction practices intensifies over the forecast period.

Restraints

A significant restraining factor for the Isocyanates Market is the stringent regulatory framework related to health and environmental safety. Isocyanates are recognized as hazardous chemicals due to their potential to cause respiratory sensitization, skin irritation, and other occupational health risks upon prolonged exposure. Regulatory agencies in North America, Europe, and parts of Asia have imposed strict guidelines for handling, storage, and disposal of isocyanates, which can increase operational costs for manufacturers. Moreover, compliance with environmental standards, such as limits on volatile organic compound (VOC) emissions during polyurethane production, poses technical challenges. Small- and medium-sized enterprises often face difficulties implementing these safety protocols, which can limit their market participation. These regulatory pressures, combined with growing public awareness of chemical hazards, may slow market expansion, particularly in regions with stringent health and safety policies, thus acting as a key market restraint.

Opportunites

The growing focus on sustainable and bio-based alternatives presents a significant opportunity in the Isocyanates Market. Traditional isocyanates are derived from petrochemical sources, prompting interest in eco-friendly substitutes to meet rising environmental concerns. Bio-based isocyanates, produced from renewable feedstocks such as plant oils, offer similar performance properties while reducing carbon footprint and environmental hazards. Industries like automotive, construction, and consumer goods are increasingly adopting these alternatives to align with sustainability goals and corporate social responsibility initiatives. Additionally, governments across Europe and North America are incentivizing the development of green chemicals, creating opportunities for innovative startups and established players to introduce environmentally safe products. By investing in research and development of bio-based and low-emission isocyanates, manufacturers can capture new market segments and cater to a growing demand for sustainable materials, which is expected to gain momentum over the coming decade.

Trends

A prominent trend in the Isocyanates Market is the rising use of advanced coatings and adhesives in various industrial applications. Isocyanates are key components in polyurethane coatings, offering high chemical resistance, durability, and aesthetic appeal for automotive, electronics, and industrial machinery sectors. Innovations in waterborne and low-VOC polyurethane coatings are gaining traction as industries strive to reduce environmental impact while maintaining product performance. For example, automotive manufacturers increasingly use isocyanate-based coatings for corrosion protection and lightweight composite parts, improving vehicle longevity and fuel efficiency. Additionally, the trend of digitization and automation in production facilities has enabled precise formulation and application of isocyanate-based products, enhanced efficiency and reducing waste. This shift toward technologically advanced, eco-friendly applications is reshaping market dynamics, positioning isocyanates as an essential material in high-performance industrial coatings and adhesives worldwide.

Isocyanate Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2024

US$ 33,850.1 million

Market Size in 2031

US$ 52,949.3 million

Market CAGR

6.2%

By Type

  • Methylene Diphenyl Diisocyanate (MDI)
  • Toluene Diisocyanate (TDI)
  • Hexamethylene Diisocyanate (HDI)
  • Others

By Application

  • Foams (Rigid and Flexible)
  • Coatings
  • Adhesives & Sealants
  • Elastomers
  • Others

By End User

  • Construction
  • Automotive & Transportation
  • Furniture & Bedding
  • Electronics
  • Industrial
  • Others

By Region

  • North America (USA, Canada)
  • Europe (Germany, UK, France, Spain, Italy , Rest of Europe)
  • The Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia- Pacific)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • MEA (Saudi Arabia, UAE, South Africa, Rest of MEA)

Analyst Review

PBI Analysts anticipate that the global isocyanates market is witnessing steady growth, driven by rising demand for polyurethane-based products across construction, automotive, furniture, and electronics industries. Methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI) dominate the market due to their versatility in producing foams, coatings, adhesives, and elastomers. The construction sector leads in end-user demand, fueled by the need for energy-efficient insulation materials and sustainable building solutions. Asia-Pacific is the largest and fastest-growing region, supported by rapid urbanization and infrastructure development. Trends toward low-VOC and bio-based isocyanates, along with environmental regulations, are shaping innovation and future market dynamics globally.

Key Features of the Report

  • The isocyanate market report provides granular level information about the market size, regional market share, historic market (2020-2024), and forecast (2025-2031)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis

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Frequently Asked Questions

Isocyanates Market was valued at US$ 33,850.1 million in 2024 and is expected to reach US$ 52,949.3 million by 2031, growing at a significant CAGR of 6.2% from 2025-2031.

Isocyanates are highly reactive organic chemicals containing the –NCO group, primarily used in the production of polyurethane products such as foams, coatings, adhesives, sealants, and elastomers. They are widely applied across construction, automotive, furniture, electronics, and industrial sectors.

Methylene Diphenyl Diisocyanate (MDI) is the leading type in the market, largely due to its extensive use in rigid polyurethane foams for insulation and energy-efficient applications in construction, appliances, and industrial equipment.

Asia-Pacific is the largest and fastest-growing market, driven by rapid urbanization, infrastructure development, and rising demand in automotive, construction, and industrial applications.

Content Updated Date: Nov 2025

Author image

Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

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.Application
2.2.3. End User
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, 2020 - 2024 and Forecast 2025 - 2031
4.1.  Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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 , 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
5.1. Methylene Diphenyl Diisocyanate (MDI)
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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. Hexamethylene Diisocyanate (HDI)
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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 Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
6.1. Foams (Rigid and Flexible)
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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. Coatings
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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. Adhesives & Sealants
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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. Elastomers
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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  End User, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
7.1. Construction
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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. Automotive & Transportation
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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. Furniture & Bedding
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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. Electronics
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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. Industrial
7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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. Others
7.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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 
8. Global Isocyanate Market  By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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 ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
9.1. Type  Analysis 2020 - 2024 and Forecast 2025 - 2031 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.Hexamethylene Diisocyanate (HDI)
9.1.4.Others
9.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Foams (Rigid and Flexible)
9.2.2.Coatings
9.2.3.Adhesives & Sealants
9.2.4.Elastomers
9.2.5.Others
9.3.   End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Construction
9.3.2.Automotive & Transportation
9.3.3.Furniture & Bedding
9.3.4.Electronics
9.3.5.Industrial
9.3.6.Others
9.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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.Hexamethylene Diisocyanate (HDI)
10.1.4.Others
10.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Foams (Rigid and Flexible)
10.2.2.Coatings
10.2.3.Adhesives & Sealants
10.2.4.Elastomers
10.2.5.Others
10.3.   End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Construction
10.3.2.Automotive & Transportation
10.3.3.Furniture & Bedding
10.3.4.Electronics
10.3.5.Industrial
10.3.6.Others
10.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 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
11. Asia Pacific (APAC) Isocyanate Market ,2020 - 2024 and Forecast 2025 - 2031 (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.Hexamethylene Diisocyanate (HDI)
11.1.4.Others
11.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Foams (Rigid and Flexible)
11.2.2.Coatings
11.2.3.Adhesives & Sealants
11.2.4.Elastomers
11.2.5.Others
11.3.   End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Construction
11.3.2.Automotive & Transportation
11.3.3.Furniture & Bedding
11.3.4.Electronics
11.3.5.Industrial
11.3.6.Others
11.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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.Hexamethylene Diisocyanate (HDI)
12.1.4.Others
12.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Foams (Rigid and Flexible)
12.2.2.Coatings
12.2.3.Adhesives & Sealants
12.2.4.Elastomers
12.2.5.Others
12.3.   End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Construction
12.3.2.Automotive & Transportation
12.3.3.Furniture & Bedding
12.3.4.Electronics
12.3.5.Industrial
12.3.6.Others
12.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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.Hexamethylene Diisocyanate (HDI)
13.1.4.Others
13.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Foams (Rigid and Flexible)
13.2.2.Coatings
13.2.3.Adhesives & Sealants
13.2.4.Elastomers
13.2.5.Others
13.3.   End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Construction
13.3.2.Automotive & Transportation
13.3.3.Furniture & Bedding
13.3.4.Electronics
13.3.5.Industrial
13.3.6.Others
13.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 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.BASF SE
14.2.2.Covestro AG
14.2.3.Dow Inc.
14.2.4.Huntsman Corporation
14.2.5.Wanhua Chemical Group Co. Ltd.
14.2.6.Mitsui Chemicals Inc.
14.2.7.Kumho Mitsui Chemicals, Inc.
14.2.8.Bayer AG
14.2.9.Tosoh Corporation
14.2.10.Yokohama Chemical Co. Ltd.
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • BASF SE
  • Covestro AG
  • Dow Inc.
  • Huntsman Corporation
  • Wanhua Chemical Group Co. Ltd.
  • Mitsui Chemicals Inc.
  • Kumho Mitsui Chemicals, Inc.
  • Bayer AG
  • Tosoh Corporation
  • Yokohama Chemical Co. Ltd.

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