Press Release

Global Isophorone Diisocyanate (IPDI) Market is Expected to Reach US$ 847.7 Mn by 2024

Date : Oct 21, 2018

New report published by Global QYResearch which offers insights on the global Isophorone Diisocyanate (IPDI) market. The Isophorone Diisocyanate (IPDI) market has been experiencing steady growth graph since past years. The global Isophorone Diisocyanate (IPDI) market is valued at USD 719.6 million in 2017 and is expected to reach USD 847.7 million by the end of 2024, growing at a Growth Rate of 2.37% between 2017 and 2024.

Global Isophorone Diisocyanate (IPDI) Market: Market Driver and Restraint

Applications of Isophorone Diisocyanate (IPDI) are anticipated to create new business segments in the market. Isophorone Diisocyanate (IPDI) is in use for a broad range of coatings & inks, adhesives & sealants and elastomers etc. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Isophorone Diisocyanate (IPDI) is used in producing various coatings & inks.

Global Isophorone Diisocyanate (IPDI) Market: Key Takeaways

  • IPDI (IsoPhorone DiIsocyanate) is an aliphatic diisocyanate monomer used as raw material in the synthesis of polyurethane resins (PUR).
  • Isophorone Diisocyanate (IPDI) is an important organic intermediate. It is used primarily to make polyurethane coatings, adhesives & sealants and elastomers. Nowadays, global percentage of polyurethane coatings tends to increase. Elastomers application share is stable those years.

Global Isophorone Diisocyanate (IPDI) Market: Forecast by Application

Application segment consists of coatings & inks, adhesives & sealants and elastomers etc. Coatings & Inks is a major application of Isophorone Diisocyanate (IPDI), In 2017, the Isophorone Diisocyanate (IPDI) consumption (sales) in Coatings & Inks was 46915 MT, and it will reach 57986 MT in 2024; while the sales market share in Coatings & Inks was 75.90% in 2017 and will be 76.89% in 2024.

Global Isophorone Diisocyanate (IPDI) Market: Forecast by Region

China, USA, Europe and Japan are the four regions that are included in this report. In 2017, the global Isophorone Diisocyanate (IPDI) market is led by Europe, capturing about 73.40% of global Isophorone Diisocyanate (IPDI) production. USA is the second-largest region-wise market with 24.03% of production share.

Global Isophorone Diisocyanate (IPDI) Market: Key Players

At present, the major manufacturers of Isophorone Diisocyanate (IPDI) are Covestro(Bayer), Evonik, Vencorex, Wanhua Chemical and BASF. Evonik is the world leader, holding 57.90% production market share in 2017.

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