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
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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