- The key vendors in the global MDI market 2015-2019 are BASF, Bayer MaterialScience, Huntsman, Kumho Mitsui and Wanhua Chemical Group.
London, 11 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global MDI market 2015-2019. Many companies are focusing on designing an alternative production process for MDIs without utilizing toxic phosgene. Methyl phenyl carbamate is condensed with the formaldehyde to form dimethyl methylene diphenyl dicarbamate, which helps to produce a phosgene free route for MDI. The global MDI market 2015-2019 is expected to grow at a CAGR of 4.55% during 2014-2019.
MDIs are mostly used for manufacturing PU foams, which are widely used in industrial, consumer appliances, packaging, and other applications. The major players in the market are increasingly spending on the development of advanced MDIs for use in new applications in various industrial sectors.
“MDIs are principally utilized as crude materials for PUs. PUs are the most adaptable polymers, and are used in a number of structures ranging from rigid foams to dense solid compositions and from adaptable foams to elastomers,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
