Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Methylene Diphenyl Diisocyanate (MDI)-Based Polyurethane Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Methylene Diphenyl Diisocyanate (MDI)-Based Polyurethane Market Grow Between 2024 and 2025?
The market size of Methylene Diphenyl Diisocyanate (MDI)-Based Polyurethane has seen a consistent rise in recent times. The market was worth $20.5 billion in 2024 and is projected to increase to $21.21 billion in 2025, expanding at a compound annual growth rate (CAGR) of 3.4%.
How Much Will the Methylene Diphenyl Diisocyanate (MDI)-Based Polyurethane Market Be Worth in 2029?
The market size for the Methylene Diphenyl Diisocyanate (MDI)-Based Polyurethane is forecasted to reach $25.83 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.1%.
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Which Methylene Diphenyl Diisocyanate (MDI)-Based Polyurethane Market Drivers Are Linked to Revenue Growth?
The key Drivers in the methylene diphenyl diisocyanate (mdi)-based polyurethane market are:
• The growing production of lightweight vehicles
• Increasing importance of fuel efficiency and emission reduction
• Improved performance through use of MDI-based polyurethane
• Versatile applications of MDI-based polyurethane in automotive components
Which Segments Are Expected to Grow in the Methylene Diphenyl Diisocyanate (MDI)-Based Polyurethane Market?
The methylene diphenyl diisocyanate (mdi)-based polyurethanemarket covered in this report is segmented –
1) By Type: Mixed Monomeric MDI, Higher Molecular Weight Species, Other Types
2) By Application: Rigid Foam, Flexible Foam, Coatings, Adhesives And Sealants, Elastomers, Other Applications
3) By End-User Industry: Automotive, Construction, Furniture, Electronics, Packaging, Textile, Other End User Industries
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What Are The Key Trends Impacting Growth In The Global Methylene Diphenyl Diisocyanate (MDI)-Based Polyurethane Market?
The key trends in the methylene diphenyl diisocyanate (mdi)-based polyurethane market are:
• Major companies are enhancing their product offerings, aiming for innovative products like climate-neutral MDI.
• The adoption of materials with net zero carbon footprint, such as climate-neutral MDI, is a rising trend in the market.
• The use of polyurethane rigid foam coupled with climate-neutral MDI in construction, cold chain, and automotive applications is an emerging trend.
• There's a trend to utilize plant waste to reduce carbon emissions in the production processes like that of climate-neutral MDI.
Who Are the Key Competitors in the Global Methylene Diphenyl Diisocyanate (MDI)-Based Polyurethane Market?
The key players in the methylene diphenyl diisocyanate (mdi)-based polyurethane market are:
• Mitsui Chemicals Inc.
• BASF SE
• The Dow Chemical Company
• Wanhua-BorsodChem
• Wanhua Chemical Group Co. Ltd.
• Asahi Kasei Corporation
• Covestro AG
• DuPont de Nemours Inc.
• Sika AG
• Tosoh Corporation
• Huntsman Corporation
• Sadara Chemical Company
• Trelleborg AB
• Woodbridge Foam Corporation
• Recticel N.V.
• PCC Rokita SA
• Vencorex
• Coim Group Srl
• Chematur Engineering AB
• Kumho Mitsui Chemicals Co. Ltd.
• Lanxess AG
• Karoon Petrochemical Company
• Green View Technology and Development Co. Ltd.
• Shandong Chemichase Chemical Co. Ltd.
• Shandong INOV Polyurethane Co. Ltd.
• Springfeel Polyurethane Foams Private Limited
• HeBei KuaiXin Biotechnology Co. Ltd.
• Qingdao Exceed Fine Chemicals Co.Ltd.
• Ningbo Best Polyurethane Co. Ltd.
Where Is the Methylene Diphenyl Diisocyanate (MDI)-Based Polyurethane Market Growing Fastest Between 2025 and 2029?
North America was the largest region in the methylene diphenyl diisocyanate (MDI)-based polyurethane market in 2024
