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Home > Reports > Chemical & Material > Isocyanate- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031

Isocyanate- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031

Isocyanate- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031

Industry: Chemical & Material

Published: 2025-02-24

Pages: 148 Pages

Report ld: 4189932

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Description

The global market for Isocyanate was estimated to be worth US$ 32970 million in 2024 and is forecast to a readjusted size of US$ 40700 million by 2031 with a CAGR of 3.1% during the forecast period 2025-2031.

Blocked isocyanate refers to a compound prepared by blocking a blocked group of isocyanate groups (-NCO) by a deblocking reaction that cannot be carried out at a lower temperature. This compound does not undergo polymerization at room temperature, but at a certain temperature and other conditions, the isocyanate groups in the blocked polyurethane can be regenerated, and a crosslinking reaction occurs to form a thermosetting polyurethane. The isocyanate group is blocked by reacting an isocyanate or a prepolymer containing a free isocyanate group with some active hydrogen-containing substance or a substance capable of reacting with an isocyanate group, so that the free isocyanate group is not reactive at normal temperature, that is, isocyanate is achieved. The base is closed. This blocking reaction is a reversible reaction under certain conditions, so that the blocked isocyanate group can function again.

Isocyanate Market Size(US$)

M= millions and B=billions

QYRLogo
The major players in global Isocyanates market include Covestro, Wanhua Chemical, etc. The top 2 players occupy about 40% shares of the global market. China and Europe are main markets, they occupy about 65% of the global market. MDI is the main type, with a share about 65%. Polyurethane Foam is the main application, which holds a share about 95%.

This report aims to provide a comprehensive presentation of the global market for Isocyanate, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Isocyanate by region & country, by Type, and by Application.

The Isocyanate market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Isocyanate.

Market Segmentation

  • Report Metric

  • Details

  • Report Title

  • Isocyanate- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031

  • Forecasted Market Size in 2031

  • US$ 40700 million

  • CAGR(2025-2031)

  • 3.1%

  • Market Size Available for Years

  • 2025-2031

  • Global Isocyanate Companies Covered

  • BAXENDEN

    Vencorex

    Covestro

    Evonik

    Rudolf

    EMS

    Leeson Polyurethanes

    DIC

    Asahi KASEI

    Tosoh

    Mitsui Chemicals

    Meisei Chem

    Jiang Xing Industry

    Cale Chem

    Shiquanxing

    BoGao

  • Global Isocyanate Market, by Region

  • North America (U.S., Canada, Mexico)

    Europe (Germany, France, UK, Italy, etc.)

    Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

    South America (Brazil, etc.)

    Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

  • Global Isocyanate Market, Segment by Type

  • Water-based Blocked Isocyanate

    Solvent-based Blocked Isocyanate

  • Global Isocyanate Market, Segment by Application

  • Single-Component Coating

    Adhesive

    Other

  • Forecast Units

  • USD million in value

  • Report Coverage

  • Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Isocyanate manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Isocyanate in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Isocyanate in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Table of Contents

1 Market Overview
    1.1 Isocyanate Product Introduction
    1.2 Global Isocyanate Market Size Forecast
        1.2.1 Global Isocyanate Sales Value (2020-2031)
        1.2.2 Global Isocyanate Sales Volume (2020-2031)
        1.2.3 Global Isocyanate Sales Price (2020-2031)
    1.3 Isocyanate Market Trends & Drivers
        1.3.1 Isocyanate Industry Trends
        1.3.2 Isocyanate Market Drivers & Opportunity
        1.3.3 Isocyanate Market Challenges
        1.3.4 Isocyanate Market Restraints
    1.4 Assumptions and Limitations
    1.5 Study Objectives
    1.6 Years Considered
2 Competitive Analysis by Company
    2.1 Global Isocyanate Players Revenue Ranking (2024)
    2.2 Global Isocyanate Revenue by Company (2020-2025)
    2.3 Global Isocyanate Players Sales Volume Ranking (2024)
    2.4 Global Isocyanate Sales Volume by Company Players (2020-2025)
    2.5 Global Isocyanate Average Price by Company (2020-2025)
    2.6 Key Manufacturers Isocyanate Manufacturing Base and Headquarters
    2.7 Key Manufacturers Isocyanate Product Offered
    2.8 Key Manufacturers Time to Begin Mass Production of Isocyanate
    2.9 Isocyanate Market Competitive Analysis
        2.9.1 Isocyanate Market Concentration Rate (2020-2025)
        2.9.2 Global 5 and 10 Largest Manufacturers by Isocyanate Revenue in 2024
        2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Isocyanate as of 2024)
    2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
    3.1 Introduction by Type
        3.1.1 Water-based Blocked Isocyanate
        3.1.2 Solvent-based Blocked Isocyanate
    3.2 Global Isocyanate Sales Value by Type
        3.2.1 Global Isocyanate Sales Value by Type (2020 VS 2024 VS 2031)
        3.2.2 Global Isocyanate Sales Value, by Type (2020-2031)
        3.2.3 Global Isocyanate Sales Value, by Type (%) (2020-2031)
    3.3 Global Isocyanate Sales Volume by Type
        3.3.1 Global Isocyanate Sales Volume by Type (2020 VS 2024 VS 2031)
        3.3.2 Global Isocyanate Sales Volume, by Type (2020-2031)
        3.3.3 Global Isocyanate Sales Volume, by Type (%) (2020-2031)
    3.4 Global Isocyanate Average Price by Type (2020-2031)
4 Segmentation by Application
    4.1 Introduction by Application
        4.1.1 Single-Component Coating
        4.1.2 Adhesive
        4.1.3 Other
    4.2 Global Isocyanate Sales Value by Application
        4.2.1 Global Isocyanate Sales Value by Application (2020 VS 2024 VS 2031)
        4.2.2 Global Isocyanate Sales Value, by Application (2020-2031)
        4.2.3 Global Isocyanate Sales Value, by Application (%) (2020-2031)
    4.3 Global Isocyanate Sales Volume by Application
        4.3.1 Global Isocyanate Sales Volume by Application (2020 VS 2024 VS 2031)
        4.3.2 Global Isocyanate Sales Volume, by Application (2020-2031)
        4.3.3 Global Isocyanate Sales Volume, by Application (%) (2020-2031)
    4.4 Global Isocyanate Average Price by Application (2020-2031)
5 Segmentation by Region
    5.1 Global Isocyanate Sales Value by Region
        5.1.1 Global Isocyanate Sales Value by Region: 2020 VS 2024 VS 2031
        5.1.2 Global Isocyanate Sales Value by Region (2020-2025)
        5.1.3 Global Isocyanate Sales Value by Region (2026-2031)
        5.1.4 Global Isocyanate Sales Value by Region (%), (2020-2031)
    5.2 Global Isocyanate Sales Volume by Region
        5.2.1 Global Isocyanate Sales Volume by Region: 2020 VS 2024 VS 2031
        5.2.2 Global Isocyanate Sales Volume by Region (2020-2025)
        5.2.3 Global Isocyanate Sales Volume by Region (2026-2031)
        5.2.4 Global Isocyanate Sales Volume by Region (%), (2020-2031)
    5.3 Global Isocyanate Average Price by Region (2020-2031)
    5.4 North America
        5.4.1 North America Isocyanate Sales Value, 2020-2031
        5.4.2 North America Isocyanate Sales Value by Country (%), 2024 VS 2031
    5.5 Europe
        5.5.1 Europe Isocyanate Sales Value, 2020-2031
        5.5.2 Europe Isocyanate Sales Value by Country (%), 2024 VS 2031
    5.6 Asia Pacific
        5.6.1 Asia Pacific Isocyanate Sales Value, 2020-2031
        5.6.2 Asia Pacific Isocyanate Sales Value by Region (%), 2024 VS 2031
    5.7 South America
        5.7.1 South America Isocyanate Sales Value, 2020-2031
        5.7.2 South America Isocyanate Sales Value by Country (%), 2024 VS 2031
    5.8 Middle East & Africa
        5.8.1 Middle East & Africa Isocyanate Sales Value, 2020-2031
        5.8.2 Middle East & Africa Isocyanate Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
    6.1 Key Countries/Regions Isocyanate Sales Value Growth Trends, 2020 VS 2024 VS 2031
    6.2 Key Countries/Regions Isocyanate Sales Value
        6.2.1 Key Countries/Regions Isocyanate Sales Value, 2020-2031
        6.2.2 Key Countries/Regions Isocyanate Sales Volume, 2020-2031
    6.3 United States
        6.3.1 United States Isocyanate Sales Value, 2020-2031
        6.3.2 United States Isocyanate Sales Value by Type (%), 2024 VS 2031
        6.3.3 United States Isocyanate Sales Value by Application, 2024 VS 2031
    6.4 Europe
        6.4.1 Europe Isocyanate Sales Value, 2020-2031
        6.4.2 Europe Isocyanate Sales Value by Type (%), 2024 VS 2031
        6.4.3 Europe Isocyanate Sales Value by Application, 2024 VS 2031
    6.5 China
        6.5.1 China Isocyanate Sales Value, 2020-2031
        6.5.2 China Isocyanate Sales Value by Type (%), 2024 VS 2031
        6.5.3 China Isocyanate Sales Value by Application, 2024 VS 2031
    6.6 Japan
        6.6.1 Japan Isocyanate Sales Value, 2020-2031
        6.6.2 Japan Isocyanate Sales Value by Type (%), 2024 VS 2031
        6.6.3 Japan Isocyanate Sales Value by Application, 2024 VS 2031
    6.7 South Korea
        6.7.1 South Korea Isocyanate Sales Value, 2020-2031
        6.7.2 South Korea Isocyanate Sales Value by Type (%), 2024 VS 2031
        6.7.3 South Korea Isocyanate Sales Value by Application, 2024 VS 2031
    6.8 Southeast Asia
        6.8.1 Southeast Asia Isocyanate Sales Value, 2020-2031
        6.8.2 Southeast Asia Isocyanate Sales Value by Type (%), 2024 VS 2031
        6.8.3 Southeast Asia Isocyanate Sales Value by Application, 2024 VS 2031
    6.9 India
        6.9.1 India Isocyanate Sales Value, 2020-2031
        6.9.2 India Isocyanate Sales Value by Type (%), 2024 VS 2031
        6.9.3 India Isocyanate Sales Value by Application, 2024 VS 2031
7 Company Profiles
    7.1 BAXENDEN
        7.1.1 BAXENDEN Company Information
        7.1.2 BAXENDEN Introduction and Business Overview
        7.1.3 BAXENDEN Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.1.4 BAXENDEN Isocyanate Product Offerings
        7.1.5 BAXENDEN Recent Development
    7.2 Vencorex
        7.2.1 Vencorex Company Information
        7.2.2 Vencorex Introduction and Business Overview
        7.2.3 Vencorex Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.2.4 Vencorex Isocyanate Product Offerings
        7.2.5 Vencorex Recent Development
    7.3 Covestro
        7.3.1 Covestro Company Information
        7.3.2 Covestro Introduction and Business Overview
        7.3.3 Covestro Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.3.4 Covestro Isocyanate Product Offerings
        7.3.5 Covestro Recent Development
    7.4 Evonik
        7.4.1 Evonik Company Information
        7.4.2 Evonik Introduction and Business Overview
        7.4.3 Evonik Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.4.4 Evonik Isocyanate Product Offerings
        7.4.5 Evonik Recent Development
    7.5 Rudolf
        7.5.1 Rudolf Company Information
        7.5.2 Rudolf Introduction and Business Overview
        7.5.3 Rudolf Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.5.4 Rudolf Isocyanate Product Offerings
        7.5.5 Rudolf Recent Development
    7.6 EMS
        7.6.1 EMS Company Information
        7.6.2 EMS Introduction and Business Overview
        7.6.3 EMS Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.6.4 EMS Isocyanate Product Offerings
        7.6.5 EMS Recent Development
    7.7 Leeson Polyurethanes
        7.7.1 Leeson Polyurethanes Company Information
        7.7.2 Leeson Polyurethanes Introduction and Business Overview
        7.7.3 Leeson Polyurethanes Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.7.4 Leeson Polyurethanes Isocyanate Product Offerings
        7.7.5 Leeson Polyurethanes Recent Development
    7.8 DIC
        7.8.1 DIC Company Information
        7.8.2 DIC Introduction and Business Overview
        7.8.3 DIC Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.8.4 DIC Isocyanate Product Offerings
        7.8.5 DIC Recent Development
    7.9 Asahi KASEI
        7.9.1 Asahi KASEI Company Information
        7.9.2 Asahi KASEI Introduction and Business Overview
        7.9.3 Asahi KASEI Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.9.4 Asahi KASEI Isocyanate Product Offerings
        7.9.5 Asahi KASEI Recent Development
    7.10 Tosoh
        7.10.1 Tosoh Company Information
        7.10.2 Tosoh Introduction and Business Overview
        7.10.3 Tosoh Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.10.4 Tosoh Isocyanate Product Offerings
        7.10.5 Tosoh Recent Development
    7.11 Mitsui Chemicals
        7.11.1 Mitsui Chemicals Company Information
        7.11.2 Mitsui Chemicals Introduction and Business Overview
        7.11.3 Mitsui Chemicals Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.11.4 Mitsui Chemicals Isocyanate Product Offerings
        7.11.5 Mitsui Chemicals Recent Development
    7.12 Meisei Chem
        7.12.1 Meisei Chem Company Information
        7.12.2 Meisei Chem Introduction and Business Overview
        7.12.3 Meisei Chem Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.12.4 Meisei Chem Isocyanate Product Offerings
        7.12.5 Meisei Chem Recent Development
    7.13 Jiang Xing Industry
        7.13.1 Jiang Xing Industry Company Information
        7.13.2 Jiang Xing Industry Introduction and Business Overview
        7.13.3 Jiang Xing Industry Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.13.4 Jiang Xing Industry Isocyanate Product Offerings
        7.13.5 Jiang Xing Industry Recent Development
    7.14 Cale Chem
        7.14.1 Cale Chem Company Information
        7.14.2 Cale Chem Introduction and Business Overview
        7.14.3 Cale Chem Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.14.4 Cale Chem Isocyanate Product Offerings
        7.14.5 Cale Chem Recent Development
    7.15 Shiquanxing
        7.15.1 Shiquanxing Company Information
        7.15.2 Shiquanxing Introduction and Business Overview
        7.15.3 Shiquanxing Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.15.4 Shiquanxing Isocyanate Product Offerings
        7.15.5 Shiquanxing Recent Development
    7.16 BoGao
        7.16.1 BoGao Company Information
        7.16.2 BoGao Introduction and Business Overview
        7.16.3 BoGao Isocyanate Sales, Revenue, Price and Gross Margin (2020-2025)
        7.16.4 BoGao Isocyanate Product Offerings
        7.16.5 BoGao Recent Development
8 Industry Chain Analysis
    8.1 Isocyanate Industrial Chain
    8.2 Isocyanate Upstream Analysis
        8.2.1 Key Raw Materials
        8.2.2 Raw Materials Key Suppliers
        8.2.3 Manufacturing Cost Structure
    8.3 Midstream Analysis
    8.4 Downstream Analysis (Customers Analysis)
    8.5 Sales Model and Sales Channels
        8.5.1 Isocyanate Sales Model
        8.5.2 Sales Channel
        8.5.3 Isocyanate Distributors
9 Research Findings and Conclusion
10 Appendix
    10.1 Research Methodology
        10.1.1 Methodology/Research Approach
            10.1.1.1 Research Programs/Design
            10.1.1.2 Market Size Estimation
            10.1.1.3 Market Breakdown and Data Triangulation
        10.1.2 Data Source
            10.1.2.1 Secondary Sources
            10.1.2.2 Primary Sources
    10.2 Author Details
    10.3 Disclaimer

Table of Figures

List of Tables
 Table 1. Isocyanate Market Trends
 Table 2. Isocyanate Market Drivers & Opportunity
 Table 3. Isocyanate Market Challenges
 Table 4. Isocyanate Market Restraints
 Table 5. Global Isocyanate Revenue by Company (2020-2025) & (US$ Million)
 Table 6. Global Isocyanate Revenue Market Share by Company (2020-2025)
 Table 7. Global Isocyanate Sales Volume by Company (2020-2025) & (K MT)
 Table 8. Global Isocyanate Sales Volume Market Share by Company (2020-2025)
 Table 9. Global Market Isocyanate Price by Company (2020-2025) & (USD/MT)
 Table 10. Key Manufacturers Isocyanate Manufacturing Base and Headquarters
 Table 11. Key Manufacturers Isocyanate Product Type
 Table 12. Key Manufacturers Time to Begin Mass Production of Isocyanate
 Table 13. Global Isocyanate Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 14. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Isocyanate as of 2024)
 Table 15. Mergers & Acquisitions, Expansion Plans
 Table 16. Global Isocyanate Sales Value by Type: 2020 VS 2024 VS 2031 (US$ Million)
 Table 17. Global Isocyanate Sales Value by Type (2020-2025) & (US$ Million)
 Table 18. Global Isocyanate Sales Value by Type (2026-2031) & (US$ Million)
 Table 19. Global Isocyanate Sales Market Share in Value by Type (2020-2025)
 Table 20. Global Isocyanate Sales Market Share in Value by Type (2026-2031)
 Table 21. Global Isocyanate Sales Volume by Type: 2020 VS 2024 VS 2031 (K MT)
 Table 22. Global Isocyanate Sales Volume by Type (2020-2025) & (K MT)
 Table 23. Global Isocyanate Sales Volume by Type (2026-2031) & (K MT)
 Table 24. Global Isocyanate Sales Market Share in Volume by Type (2020-2025)
 Table 25. Global Isocyanate Sales Market Share in Volume by Type (2026-2031)
 Table 26. Global Isocyanate Price by Type (2020-2025) & (USD/MT)
 Table 27. Global Isocyanate Price by Type (2026-2031) & (USD/MT)
 Table 28. Global Isocyanate Sales Value by Application: 2020 VS 2024 VS 2031 (US$ Million)
 Table 29. Global Isocyanate Sales Value by Application (2020-2025) & (US$ Million)
 Table 30. Global Isocyanate Sales Value by Application (2026-2031) & (US$ Million)
 Table 31. Global Isocyanate Sales Market Share in Value by Application (2020-2025)
 Table 32. Global Isocyanate Sales Market Share in Value by Application (2026-2031)
 Table 33. Global Isocyanate Sales Volume by Application: 2020 VS 2024 VS 2031 (K MT)
 Table 34. Global Isocyanate Sales Volume by Application (2020-2025) & (K MT)
 Table 35. Global Isocyanate Sales Volume by Application (2026-2031) & (K MT)
 Table 36. Global Isocyanate Sales Market Share in Volume by Application (2020-2025)
 Table 37. Global Isocyanate Sales Market Share in Volume by Application (2026-2031)
 Table 38. Global Isocyanate Price by Application (2020-2025) & (USD/MT)
 Table 39. Global Isocyanate Price by Application (2026-2031) & (USD/MT)
 Table 40. Global Isocyanate Sales Value by Region, (2020 VS 2024 VS 2031) & (US$ Million)
 Table 41. Global Isocyanate Sales Value by Region (2020-2025) & (US$ Million)
 Table 42. Global Isocyanate Sales Value by Region (2026-2031) & (US$ Million)
 Table 43. Global Isocyanate Sales Value by Region (2020-2025) & (%)
 Table 44. Global Isocyanate Sales Value by Region (2026-2031) & (%)
 Table 45. Global Isocyanate Sales Volume by Region (K MT): 2020 VS 2024 VS 2031
 Table 46. Global Isocyanate Sales Volume by Region (2020-2025) & (K MT)
 Table 47. Global Isocyanate Sales Volume by Region (2026-2031) & (K MT)
 Table 48. Global Isocyanate Sales Volume by Region (2020-2025) & (%)
 Table 49. Global Isocyanate Sales Volume by Region (2026-2031) & (%)
 Table 50. Global Isocyanate Average Price by Region (2020-2025) & (USD/MT)
 Table 51. Global Isocyanate Average Price by Region (2026-2031) & (USD/MT)
 Table 52. Key Countries/Regions Isocyanate Sales Value Growth Trends, (US$ Million): 2020 VS 2024 VS 2031
 Table 53. Key Countries/Regions Isocyanate Sales Value, (2020-2025) & (US$ Million)
 Table 54. Key Countries/Regions Isocyanate Sales Value, (2026-2031) & (US$ Million)
 Table 55. Key Countries/Regions Isocyanate Sales Volume, (2020-2025) & (K MT)
 Table 56. Key Countries/Regions Isocyanate Sales Volume, (2026-2031) & (K MT)
 Table 57. BAXENDEN Company Information
 Table 58. BAXENDEN Introduction and Business Overview
 Table 59. BAXENDEN Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 60. BAXENDEN Isocyanate Product Offerings
 Table 61. BAXENDEN Recent Development
 Table 62. Vencorex Company Information
 Table 63. Vencorex Introduction and Business Overview
 Table 64. Vencorex Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 65. Vencorex Isocyanate Product Offerings
 Table 66. Vencorex Recent Development
 Table 67. Covestro Company Information
 Table 68. Covestro Introduction and Business Overview
 Table 69. Covestro Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 70. Covestro Isocyanate Product Offerings
 Table 71. Covestro Recent Development
 Table 72. Evonik Company Information
 Table 73. Evonik Introduction and Business Overview
 Table 74. Evonik Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 75. Evonik Isocyanate Product Offerings
 Table 76. Evonik Recent Development
 Table 77. Rudolf Company Information
 Table 78. Rudolf Introduction and Business Overview
 Table 79. Rudolf Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 80. Rudolf Isocyanate Product Offerings
 Table 81. Rudolf Recent Development
 Table 82. EMS Company Information
 Table 83. EMS Introduction and Business Overview
 Table 84. EMS Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 85. EMS Isocyanate Product Offerings
 Table 86. EMS Recent Development
 Table 87. Leeson Polyurethanes Company Information
 Table 88. Leeson Polyurethanes Introduction and Business Overview
 Table 89. Leeson Polyurethanes Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 90. Leeson Polyurethanes Isocyanate Product Offerings
 Table 91. Leeson Polyurethanes Recent Development
 Table 92. DIC Company Information
 Table 93. DIC Introduction and Business Overview
 Table 94. DIC Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 95. DIC Isocyanate Product Offerings
 Table 96. DIC Recent Development
 Table 97. Asahi KASEI Company Information
 Table 98. Asahi KASEI Introduction and Business Overview
 Table 99. Asahi KASEI Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 100. Asahi KASEI Isocyanate Product Offerings
 Table 101. Asahi KASEI Recent Development
 Table 102. Tosoh Company Information
 Table 103. Tosoh Introduction and Business Overview
 Table 104. Tosoh Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 105. Tosoh Isocyanate Product Offerings
 Table 106. Tosoh Recent Development
 Table 107. Mitsui Chemicals Company Information
 Table 108. Mitsui Chemicals Introduction and Business Overview
 Table 109. Mitsui Chemicals Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 110. Mitsui Chemicals Isocyanate Product Offerings
 Table 111. Mitsui Chemicals Recent Development
 Table 112. Meisei Chem Company Information
 Table 113. Meisei Chem Introduction and Business Overview
 Table 114. Meisei Chem Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 115. Meisei Chem Isocyanate Product Offerings
 Table 116. Meisei Chem Recent Development
 Table 117. Jiang Xing Industry Company Information
 Table 118. Jiang Xing Industry Introduction and Business Overview
 Table 119. Jiang Xing Industry Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 120. Jiang Xing Industry Isocyanate Product Offerings
 Table 121. Jiang Xing Industry Recent Development
 Table 122. Cale Chem Company Information
 Table 123. Cale Chem Introduction and Business Overview
 Table 124. Cale Chem Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 125. Cale Chem Isocyanate Product Offerings
 Table 126. Cale Chem Recent Development
 Table 127. Shiquanxing Company Information
 Table 128. Shiquanxing Introduction and Business Overview
 Table 129. Shiquanxing Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 130. Shiquanxing Isocyanate Product Offerings
 Table 131. Shiquanxing Recent Development
 Table 132. BoGao Company Information
 Table 133. BoGao Introduction and Business Overview
 Table 134. BoGao Isocyanate Sales (K MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 135. BoGao Isocyanate Product Offerings
 Table 136. BoGao Recent Development
 Table 137. Key Raw Materials Lists
 Table 138. Raw Materials Key Suppliers Lists
 Table 139. Isocyanate Downstream Customers
 Table 140. Isocyanate Distributors List
 Table 141. Research Programs/Design for This Report
 Table 142. Key Data Information from Secondary Sources
 Table 143. Key Data Information from Primary Sources


List of Figures
 Figure 1. Isocyanate Product Picture
 Figure 2. Global Isocyanate Sales Value, 2020 VS 2024 VS 2031 (US$ Million)
 Figure 3. Global Isocyanate Sales Value (2020-2031) & (US$ Million)
 Figure 4. Global Isocyanate Sales Volume (2020-2031) & (K MT)
 Figure 5. Global Isocyanate Sales Price (2020-2031) & (USD/MT)
 Figure 6. Isocyanate Report Years Considered
 Figure 7. Global Isocyanate Players Revenue Ranking (2024) & (US$ Million)
 Figure 8. Global Isocyanate Players Sales Volume Ranking (2024) & (K MT)
 Figure 9. The 5 and 10 Largest Manufacturers in the World: Market Share by Isocyanate Revenue in 2024
 Figure 10. Isocyanate Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 11. Water-based Blocked Isocyanate Picture
 Figure 12. Solvent-based Blocked Isocyanate Picture
 Figure 13. Global Isocyanate Sales Value by Type (2020 VS 2024 VS 2031) & (US$ Million)
 Figure 14. Global Isocyanate Sales Value Market Share by Type, 2024 & 2031
 Figure 15. Global Isocyanate Sales Volume by Type (2020 VS 2024 VS 2031) & (K MT)
 Figure 16. Global Isocyanate Sales Volume Market Share by Type, 2024 & 2031
 Figure 17. Global Isocyanate Price by Type (2020-2031) & (USD/MT)
 Figure 18. Product Picture of Single-Component Coating
 Figure 19. Product Picture of Adhesive
 Figure 20. Product Picture of Other
 Figure 21. Global Isocyanate Sales Value by Application (2020 VS 2024 VS 2031) & (US$ Million)
 Figure 22. Global Isocyanate Sales Value Market Share by Application, 2024 & 2031
 Figure 23. Global Isocyanate Sales Volume by Application (2020 VS 2024 VS 2031) & (K MT)
 Figure 24. Global Isocyanate Sales Volume Market Share by Application, 2024 & 2031
 Figure 25. Global Isocyanate Price by Application (2020-2031) & (USD/MT)
 Figure 26. North America Isocyanate Sales Value (2020-2031) & (US$ Million)
 Figure 27. North America Isocyanate Sales Value by Country (%), 2024 VS 2031
 Figure 28. Europe Isocyanate Sales Value, (2020-2031) & (US$ Million)
 Figure 29. Europe Isocyanate Sales Value by Country (%), 2024 VS 2031
 Figure 30. Asia Pacific Isocyanate Sales Value, (2020-2031) & (US$ Million)
 Figure 31. Asia Pacific Isocyanate Sales Value by Region (%), 2024 VS 2031
 Figure 32. South America Isocyanate Sales Value, (2020-2031) & (US$ Million)
 Figure 33. South America Isocyanate Sales Value by Country (%), 2024 VS 2031
 Figure 34. Middle East & Africa Isocyanate Sales Value, (2020-2031) & (US$ Million)
 Figure 35. Middle East & Africa Isocyanate Sales Value by Country (%), 2024 VS 2031
 Figure 36. Key Countries/Regions Isocyanate Sales Value (%), (2020-2031)
 Figure 37. Key Countries/Regions Isocyanate Sales Volume (%), (2020-2031)
 Figure 38. United States Isocyanate Sales Value, (2020-2031) & (US$ Million)
 Figure 39. United States Isocyanate Sales Value by Type (%), 2024 VS 2031
 Figure 40. United States Isocyanate Sales Value by Application (%), 2024 VS 2031
 Figure 41. Europe Isocyanate Sales Value, (2020-2031) & (US$ Million)
 Figure 42. Europe Isocyanate Sales Value by Type (%), 2024 VS 2031
 Figure 43. Europe Isocyanate Sales Value by Application (%), 2024 VS 2031
 Figure 44. China Isocyanate Sales Value, (2020-2031) & (US$ Million)
 Figure 45. China Isocyanate Sales Value by Type (%), 2024 VS 2031
 Figure 46. China Isocyanate Sales Value by Application (%), 2024 VS 2031
 Figure 47. Japan Isocyanate Sales Value, (2020-2031) & (US$ Million)
 Figure 48. Japan Isocyanate Sales Value by Type (%), 2024 VS 2031
 Figure 49. Japan Isocyanate Sales Value by Application (%), 2024 VS 2031
 Figure 50. South Korea Isocyanate Sales Value, (2020-2031) & (US$ Million)
 Figure 51. South Korea Isocyanate Sales Value by Type (%), 2024 VS 2031
 Figure 52. South Korea Isocyanate Sales Value by Application (%), 2024 VS 2031
 Figure 53. Southeast Asia Isocyanate Sales Value, (2020-2031) & (US$ Million)
 Figure 54. Southeast Asia Isocyanate Sales Value by Type (%), 2024 VS 2031
 Figure 55. Southeast Asia Isocyanate Sales Value by Application (%), 2024 VS 2031
 Figure 56. India Isocyanate Sales Value, (2020-2031) & (US$ Million)
 Figure 57. India Isocyanate Sales Value by Type (%), 2024 VS 2031
 Figure 58. India Isocyanate Sales Value by Application (%), 2024 VS 2031
 Figure 59. Isocyanate Industrial Chain
 Figure 60. Isocyanate Manufacturing Cost Structure
 Figure 61. Channels of Distribution (Direct Sales, and Distribution)
 Figure 62. Bottom-up and Top-down Approaches for This Report
 Figure 63. Data Triangulation
 Figure 64. Key Executives Interviewed

Description

The global market for Isocyanate was estimated to be worth US$ 32970 million in 2024 and is forecast to a readjusted size of US$ 40700 million by 2031 with a CAGR of 3.1% during the forecast period 2025-2031.

Blocked isocyanate refers to a compound prepared by blocking a blocked group of isocyanate groups (-NCO) by a deblocking reaction that cannot be carried out at a lower temperature. This compound does not undergo polymerization at room temperature, but at a certain temperature and other conditions, the isocyanate groups in the blocked polyurethane can be regenerated, and a crosslinking reaction occurs to form a thermosetting polyurethane. The isocyanate group is blocked by reacting an isocyanate or a prepolymer containing a free isocyanate group with some active hydrogen-containing substance or a substance capable of reacting with an isocyanate group, so that the free isocyanate group is not reactive at normal temperature, that is, isocyanate is achieved. The base is closed. This blocking reaction is a reversible reaction under certain conditions, so that the blocked isocyanate group can function again.
The major players in global Isocyanates market include Covestro, Wanhua Chemical, etc. The top 2 players occupy about 40% shares of the global market. China and Europe are main markets, they occupy about 65% of the global market. MDI is the main type, with a share about 65%. Polyurethane Foam is the main application, which holds a share about 95%.

This report aims to provide a comprehensive presentation of the global market for Isocyanate, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Isocyanate by region & country, by Type, and by Application.

The Isocyanate market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Isocyanate.

Market Segmentation
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Isocyanate manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Isocyanate in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Isocyanate in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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Isocyanate- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031

Industry: Chemical & Material

Published: 2025-02-24

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