Los Angeles, December 24, 2019 -QY Research published a report to present a thorough analysis of the global hydrogenated MDI market. The report is titled, “Global Hydrogenated MDI Market Research Report 2019”. According to the report, the global hydrogenated MDI market size was US$271.5 mn in 2018 and it will reach US$317.42 mn in 2025, rising at a CAGR 2.43% from 2019 to 2025.
Get PDF sample copy of the report at: https://www.qyresearch.com/sample-form/form/1374119/global-hydrogenated-mdi-market
Versatile Nature of Hydrogenated MDI to Fuel its Market Growth
MDI or hydrogenated methylene diphenyl diisocyanate is used for the production of polyurethanes. Polyurethanes are majorly used for adhesives, coatings, sealants, insulation, and elastomers as it can help in conservation of energy and reduce heating and cooling costs. The chemical can be found in items such as paints, glues, and weather resistant materials.
Owing to its versatile nature it is used to produce a wide variety of flexible, rigid, semi-rigid, and polyisocyanurate and thermoset foams, which finds application in production of footwear and sports and leisure. Optimal flexibility offered by these foams makes it ideal for these products.
Furthermore, it also acts as a binder for wood and produce mould cores used in foundries. Hydrogenated MDI also finds applications across bedding, automotive, electronics, furniture, and transport industries. The versatility of the product is expected to have positive impact on the market growth through the forecast years.
Increasing Applications of Polyurethane Elastomers to Boost its Growth Rate
Polyurethane elastomers are expected to report a considerable growth rate as industries like automotive, electronics, and transport require large amount of elastomers. Steady emergence of this segment will give the overall market a shot in the arm.
Asia-Pacific to Observe Significant Growth in Market
Asia-Pacific will register a significant growth in the global hydrogenated MDI market owing to stringent regulations and availability of raw materials, land, and labour. Additionally, in developing countries like India and China there is a huge demand of hydrogenated MDI from automotive, electronics, and transport industries which will further boost its valuation.
Manufacturers to Use Polyurethane to Make Recyclable Products
Covestro recently announced a unique approach towards making shoes. The company intends to use 3D printing to make two parts, uppers and lowers, of shoes. While the shoe will use thermoplastic polyurethane (TPU), it will use automated processes of production, reducing costs and enhancing recyclability. Use of 3D printing will eliminate human errors, allowing precision and eventually making the entire shoe recyclable. Additionally, the material can be recycled in a just single step, making the carbon footprint a lot lesser for the company.
The other manufacturers covered in the report includes Evonik and Wanhua.
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