The MDI Based Polyurethane Market is expected to grow from US$11,633.893 million in 2025 to US$14,197.811 million in 2030, at a CAGR of 4.06%.
Methylenediphenyl diisocyanate (MDI) is a chemical used in the production of polyurethanes for many applications. It is majorly used in the production of rigid polyurethane foam used for providing insulation in buildings, refrigerators, and other applications. Burgeoning demand for energy efficient buildings is playing an important role in the augmented demand for this material since they are energy efficient. Growing regulation related to the energy conservation on commercial buildings in both developed and developing countries is driving the MDI based polyurethane market growth. Geographically, Asia Pacific is expected to grow at a good rate due to growing industrialization and construction activities in the region.
In April 2019, BASF SE launched the second phase of its production capacity for MDI at its Geismar, Louisiana.
In October 2018, Covestro AG invested $1.7 billion in MDI so as to strengthen its position in MDI globally
The major players profiled in the global MDI based polyurethane market include Covestro AG, BASF SE, The Dow Chemical Company, Huntsman International LLC, Tosoh Corporation, Wanhua Chemical Group Co., Ltd., Mitsui Chemicals, Inc., Karoon Petrochemical Company, KUMHO MITSUI CHEMICALS CORP., BorsodChem.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| MDI Based Polyurethane Market Size in 2025 | US$11,633.893 million |
| MDI Based Polyurethane Market Size in 2030 | US$14,197.811 million |
| Growth Rate | CAGR of 4.06% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Million |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in MDI Based Polyurethane Market | |
| Customization Scope | Free report customization with purchase |
The global MDI based polyurethane market is analyzed into the following segments:
By Application
Rigid Foam
Flexible Foam
CASE (Coatings, Adhesive, Sealants, and Elastomers)
By End-User Industry
Building and Construction
Automotive
Retail
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others