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Global Diphenylmethane Diisocyanate (MDI) Industry
ReportLinker
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Global Diphenylmethane Diisocyanate (MDI) Market to Reach 9. 8 Million Metric Tons by 2027. Amid the COVID-19 crisis, the global market for Diphenylmethane Diisocyanate (MDI) estimated at 7 Million Metric Tons in the year 2020, is projected to reach a revised size of 9.

New York, Aug. 21, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Diphenylmethane Diisocyanate (MDI) Industry" - https://www.reportlinker.com/p05817768/?utm_source=GNW
8 Million Metric Tons by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027. Rigid Foams, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach 5 Million Metric Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the CASE System segment is readjusted to a revised 4.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at 1.9 Million Metric Tons, While China is Forecast to Grow at 7.6% CAGR

The Diphenylmethane Diisocyanate (MDI) market in the U.S. is estimated at 1.9 Million Metric Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 2 Million Metric Tons by the year 2027 trailing a CAGR of 7.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

Flexible Foams Segment to Record 3.8% CAGR

In the global Flexible Foams segment, USA, Canada, Japan, China and Europe will drive the 3.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of 890.2 Thousand Metric Tons in the year 2020 will reach a projected size of 1.1 Million Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 1.3 Million Metric Tons by the year 2027, while Latin America will expand at a 4.7% CAGR through the analysis period. We bring years of research experience to this 16th edition of our report. The 170-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

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