Aliphatic diisocyanates (ADI) 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.
Three common types of aliphatic diisocyanates are HDI, IPDI and H12MDI. Currently, this industry is a monopoly industry. There are only several companies which produce aliphatic isocyanates, such as Bayer, Evonik, Vencorex, BASF, Asahi Kasei, NPU and Wanhua Chemical. Wanhua Chemical is a unique Chinese company. Also, most companies’ bases distributed all over the world.
Aliphatic isocyanates’ consumption areas are mainly in Europe, USA, China and Japan. In 2017, Europe aliphatic isocyanates sales share was 110.87 K MT with 31.97% market share.
The global Aliphatic Isocyanates market is valued at USD 3748.43 million in 2017 and is expected to reach USD 6460.88 million by the end of 2024, growing at a growth rate of 8.09% between 2017 and 2024.
In terms of volume, the global Aliphatic Isocyanates Production was 346.73 K MT in 2017, and it is predicted to reach 552.95 K MT in 2024.