Methylene diphenyl diisocyanate, most often abbreviated as MDI, is an aromatic diisocyanate. Methylene diphenyl diisocyanate is mainly used for production of MDI Foam, Paints & Coatings, Adhesive & Sealants and Synthetic Leather & Fabric Coating.
Global MDI consumption is expected to reach 6.8 million tons in 2017 from 5.2 million tons in 2012, growing at a CAGR of 5.35% from 2012 to 2017. Asia Pacific was the largest consumer of MDI at 1.9 million tons in 2012. Europe has a consumption of 1.4 million tons in 2012 and North America is 1.1 million tons.
MDI foam were the largest application segment of MDI market, which accounted for 65.52% of the global MDI Market revenue in 2012. The segment is expected to grow at a CAGR of 5.4% from 2012 to 2017. The synthetic leather & fabric coating segment of MDI application accounted for 14.46% of the global MDI Market revenue in 2012 and will have a growth rate of 4.96% from 2012 to 2017. The adhesive & sealants application segment of MDI market accounted for 4.17% of the global MDI Market revenue in 2012 and will grow at a CAGR of 4.92% from 2012 to 2017 to attain a market value of USD 1.6 billion in 2016.
Key players in global methylene diphenyl diisocyanate market include: Bayer, Yantai Wanhua, BASF, Huntsman, The Dow Chemical, Kumho Mitsui, Tosoh, Mitsui Chemical, Petrochemical Commercial Company