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Home > Reports > Chemical & Material > Global Isocyanate Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031

Global Isocyanate Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031

Industry: Chemical & Material

Published: 2025-04-30

Pages: 108 Pages

Report ld: 4202378

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Description
Table of Contents
Table of Figures
Related Reports
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Description
Table of Contents
Table of Figures
Related Reports
PDF Download

Description

The global Isocyanate market size was US$ 36240 million in 2024 and is forecast to a readjusted size of US$ 61810 million by 2031 with a CAGR of 8.4% during the forecast period 2025-2031. 
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on Isocyanate market competitiveness, regional economic performance, and supply chain configurations.

Isocyanate Market Size(US$)

M= millions and B=billions

Isocyanates can be classified into two subgroups: aromatic diisocyanates and aliphatic diisocyanates. The main aromatic ones are 4,4′-diphenylmethane diisocyanate (MDI) and toluene diisocyanate (TDI). Regarding the aliphatic hardeners, three main chemicals must be mentioned: 1,6-hexamethylene diisocyanate (HDI), isophorone diisocyanate (IPDI), and the hydrogenated MDI 4,4′-dicyclohexane diisocyanate (H12-MDI).

Isocyanates, particularly diisocyanates such as TDI (toluene diisocyanate) and MDI (methylene diphenyl diisocyanate), are key raw materials in the production of polyurethane foams, coatings, adhesives, and sealants. The automotive industry is one of the largest consumers of these products, using them in car interiors, seat cushions, insulation, and adhesives for various components. The expanding automotive sector, driven by increasing vehicle production and rising consumer demand for comfort and safety, is fueling the demand for isocyanates. Isocyanates are widely used in the construction industry for the production of rigid and flexible polyurethane foams, insulation materials, coatings, and adhesives. The construction sector's growth, led by urbanization, industrialization, and government investments in infrastructure development, generates a significant demand for isocyanates. These materials offer thermal insulation, adhesion, and moisture resistance properties, making them suitable for construction applications. Polyurethane foams, which require isocyanates as a component, play a crucial role in the furniture and bedding industry. Isocyanates are used in the production of comfortable and durable mattresses, cushions, sofas, and chairs. With the rising disposable income and changing lifestyles, the demand for furniture and bedding products is increasing, driving the demand for isocyanates. Isocyanates are utilized in the production of insulating foams, coatings, and adhesives for appliances and electronic devices. These materials provide thermal insulation, electrical insulation, and protective coatings, ensuring the efficiency and reliability of appliances and electronic products. With the continuous advancements in technology and the increasing adoption of smart home appliances and electronics, the demand for isocyanates is expected to grow. Isocyanates are essential components in the formulation of high-performance coatings, providing durability, chemical resistance, and weatherability. They are particularly used in two-component polyurethane coatings, which find applications in automotive refinishing, industrial coatings, and architectural paints. As industries and consumers increasingly demand high-quality finishes and long-lasting coatings, the demand for isocyanates in the paints and coatings industry is rising. Ongoing research and development activities in the field of isocyanates focus on developing improved and sustainable alternatives with reduced health and environmental impacts. Innovations such as low-VOC (volatile organic compounds) coatings, water-based polyurethane systems, and bio-based isocyanates are gaining attention. These advancements drive market growth by meeting stringent regulations, addressing customer concerns, and providing eco-friendly solutions. The demand for isocyanates is increasing in emerging economies, such as China, India, and Southeast Asian countries, due to rapid industrialization, urbanization, and infrastructure development. These regions are witnessing significant growth in automotive production, construction activities, and the manufacturing sector, leading to higher demand for isocyanates. The isocyanate market is influenced by stringent regulations aimed at reducing harmful emissions and promoting environmental sustainability. Regulatory bodies impose restrictions on the use and emissions of certain isocyanate compounds, driving the industry to develop safer and more sustainable alternatives. Environmentally friendly isocyanate derivatives, such as waterborne polyurethane systems, are gaining popularity as they offer reduced emissions and improved safety profiles.

The global Isocyanate market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.

Market Segmentation

Report Metric
Details
Report Title
Global Isocyanate Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Forecasted Market Size in 2031
US$ 61810 million
CAGR(2025-2031)
8.4%
Market Size Available for Years
2025-2031
Global Isocyanate Companies Covered
Wanhua Chemical
BASF
Covestro
Dow
Huntsman
Mitsui Chemicals
Tosoh
Kumho Mitsui Chemicals
Hanwha
Evonik
Asahi Kasei
SABIC
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC)
DIC
Karoon Petrochemical Company (KRNPC)
OCI
Cangzhou Dahua Group
Gansu Yinguang Chemical (Norinco Group)
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
Methylene Diphenyl Diisocyanate (MDI)
Toluene Diisocyanate (TDI)
Aliphatic Isocyanate
Global Isocyanate Market, Segment by Application
Rigid Foam
Flexible Foam
Paints and Coatings
Adhesives and Sealants
Elastomers
Others
Forecast Units
USD million in value
Report Coverage
Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Isocyanate market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Toluene Diisocyanate (TDI) in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Flexible Foam in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.  
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?  
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Isocyanate value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets

Table of Contents

1 Market Overview
    1.1 Isocyanate Product Scope
    1.2 Isocyanate by Type
        1.2.1 Global Isocyanate Sales by Type (2020 & 2024 & 2031)
        1.2.2 Methylene Diphenyl Diisocyanate (MDI)
        1.2.3 Toluene Diisocyanate (TDI)
        1.2.4 Aliphatic Isocyanate
    1.3 Isocyanate by Application
        1.3.1 Global Isocyanate Sales Comparison by Application (2020 & 2024 & 2031)
        1.3.2 Rigid Foam
        1.3.3 Flexible Foam
        1.3.4 Paints and Coatings
        1.3.5 Adhesives and Sealants
        1.3.6 Elastomers
        1.3.7 Others
    1.4 Global Isocyanate Market Estimates and Forecasts (2020-2031)
        1.4.1 Global Isocyanate Market Size in Value Growth Rate (2020-2031)
        1.4.2 Global Isocyanate Market Size in Volume Growth Rate (2020-2031)
        1.4.3 Global Isocyanate Price Trends (2020-2031)
    1.5 Assumptions and Limitations

2 Market Size and Prospective by Region
    2.1 Global Isocyanate Market Size by Region: 2020 VS 2024 VS 2031
    2.2 Global Isocyanate Retrospective Market Scenario by Region (2020-2025)
        2.2.1 Global Isocyanate Sales Market Share by Region (2020-2025)
        2.2.2 Global Isocyanate Revenue Market Share by Region (2020-2025)
    2.3 Global Isocyanate Market Estimates and Forecasts by Region (2026-2031)
        2.3.1 Global Isocyanate Sales Estimates and Forecasts by Region (2026-2031)
        2.3.2 Global Isocyanate Revenue Forecast by Region (2026-2031)
    2.4 Major Region and Emerging Market Analysis
        2.4.1 North America Isocyanate Market Size and Prospective (2020-2031)
        2.4.2 Europe Isocyanate Market Size and Prospective (2020-2031)
        2.4.3 China Isocyanate Market Size and Prospective (2020-2031)
        2.4.4 Japan Isocyanate Market Size and Prospective (2020-2031)
        2.4.5 South Korea Isocyanate Market Size and Prospective (2020-2031)
        2.4.6 India Isocyanate Market Size and Prospective (2020-2031)

3 Global Market Size by Type
    3.1 Global Isocyanate Historic Market Review by Type (2020-2025)
        3.1.1 Global Isocyanate Sales by Type (2020-2025)
        3.1.2 Global Isocyanate Revenue by Type (2020-2025)
        3.1.3 Global Isocyanate Price by Type (2020-2025)
    3.2 Global Isocyanate Market Estimates and Forecasts by Type (2026-2031)
        3.2.1 Global Isocyanate Sales Forecast by Type (2026-2031)
        3.2.2 Global Isocyanate Revenue Forecast by Type (2026-2031)
        3.2.3 Global Isocyanate Price Forecast by Type (2026-2031)
    3.3 Different Types Isocyanate Representative Players

4 Global Market Size by Application
    4.1 Global Isocyanate Historic Market Review by Application (2020-2025)
        4.1.1 Global Isocyanate Sales by Application (2020-2025)
        4.1.2 Global Isocyanate Revenue by Application (2020-2025)
        4.1.3 Global Isocyanate Price by Application (2020-2025)
    4.2 Global Isocyanate Market Estimates and Forecasts by Application (2026-2031)
        4.2.1 Global Isocyanate Sales Forecast by Application (2026-2031)
        4.2.2 Global Isocyanate Revenue Forecast by Application (2026-2031)
        4.2.3 Global Isocyanate Price Forecast by Application (2026-2031)
    4.3 New Sources of Growth in Isocyanate Application

5 Competition Landscape by Players
    5.1 Global Isocyanate Sales by Players (2020-2025)
    5.2 Global Top Isocyanate Players by Revenue (2020-2025)
    5.3 Global Isocyanate Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Isocyanate as of 2024)
    5.4 Global Isocyanate Average Price by Company (2020-2025)
    5.5 Global Key Manufacturers of Isocyanate, Manufacturing Sites & Headquarters
    5.6 Global Key Manufacturers of Isocyanate, Product Type & Application
    5.7 Global Key Manufacturers of Isocyanate, Date of Enter into This Industry
    5.8 Manufacturers Mergers & Acquisitions, Expansion Plans

6 Region Analysis
    6.1 North America Market: Players, Segments, Downstream and Major Customers
        6.1.1 North America Isocyanate Sales by Company
            6.1.1.1 North America Isocyanate Sales by Company (2020-2025)
            6.1.1.2 North America Isocyanate Revenue by Company (2020-2025)
        6.1.2 North America Isocyanate Sales Breakdown by Type (2020-2025)
        6.1.3 North America Isocyanate Sales Breakdown by Application (2020-2025)
        6.1.4 North America Isocyanate Major Customer
        6.1.5 North America Market Trend and Opportunities
    6.2 Europe Market: Players, Segments, Downstream and Major Customers
        6.2.1 Europe Isocyanate Sales by Company
            6.2.1.1 Europe Isocyanate Sales by Company (2020-2025)
            6.2.1.2 Europe Isocyanate Revenue by Company (2020-2025)
        6.2.2 Europe Isocyanate Sales Breakdown by Type (2020-2025)
        6.2.3 Europe Isocyanate Sales Breakdown by Application (2020-2025)
        6.2.4 Europe Isocyanate Major Customer
        6.2.5 Europe Market Trend and Opportunities
    6.3 China Market: Players, Segments, Downstream and Major Customers
        6.3.1 China Isocyanate Sales by Company
            6.3.1.1 China Isocyanate Sales by Company (2020-2025)
            6.3.1.2 China Isocyanate Revenue by Company (2020-2025)
        6.3.2 China Isocyanate Sales Breakdown by Type (2020-2025)
        6.3.3 China Isocyanate Sales Breakdown by Application (2020-2025)
        6.3.4 China Isocyanate Major Customer
        6.3.5 China Market Trend and Opportunities
    6.4 Japan Market: Players, Segments, Downstream and Major Customers
        6.4.1 Japan Isocyanate Sales by Company
            6.4.1.1 Japan Isocyanate Sales by Company (2020-2025)
            6.4.1.2 Japan Isocyanate Revenue by Company (2020-2025)
        6.4.2 Japan Isocyanate Sales Breakdown by Type (2020-2025)
        6.4.3 Japan Isocyanate Sales Breakdown by Application (2020-2025)
        6.4.4 Japan Isocyanate Major Customer
        6.4.5 Japan Market Trend and Opportunities
    6.5 South Korea Market: Players, Segments, Downstream and Major Customers
        6.5.1 South Korea Isocyanate Sales by Company
            6.5.1.1 South Korea Isocyanate Sales by Company (2020-2025)
            6.5.1.2 South Korea Isocyanate Revenue by Company (2020-2025)
        6.5.2 South Korea Isocyanate Sales Breakdown by Type (2020-2025)
        6.5.3 South Korea Isocyanate Sales Breakdown by Application (2020-2025)
        6.5.4 South Korea Isocyanate Major Customer
        6.5.5 South Korea Market Trend and Opportunities
    6.6 India Market: Players, Segments, Downstream and Major Customers
        6.6.1 India Isocyanate Sales by Company
            6.6.1.1 India Isocyanate Sales by Company (2020-2025)
            6.6.1.2 India Isocyanate Revenue by Company (2020-2025)
        6.6.2 India Isocyanate Sales Breakdown by Type (2020-2025)
        6.6.3 India Isocyanate Sales Breakdown by Application (2020-2025)
        6.6.4 India Isocyanate Major Customer
        6.6.5 India Market Trend and Opportunities

7 Company Profiles and Key Figures
    7.1 Wanhua Chemical
        7.1.1 Wanhua Chemical Company Information
        7.1.2 Wanhua Chemical Business Overview
        7.1.3 Wanhua Chemical Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.1.4 Wanhua Chemical Isocyanate Products Offered
        7.1.5 Wanhua Chemical Recent Development
    7.2 BASF
        7.2.1 BASF Company Information
        7.2.2 BASF Business Overview
        7.2.3 BASF Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.2.4 BASF Isocyanate Products Offered
        7.2.5 BASF Recent Development
    7.3 Covestro
        7.3.1 Covestro Company Information
        7.3.2 Covestro Business Overview
        7.3.3 Covestro Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.3.4 Covestro Isocyanate Products Offered
        7.3.5 Covestro Recent Development
    7.4 Dow
        7.4.1 Dow Company Information
        7.4.2 Dow Business Overview
        7.4.3 Dow Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.4.4 Dow Isocyanate Products Offered
        7.4.5 Dow Recent Development
    7.5 Huntsman
        7.5.1 Huntsman Company Information
        7.5.2 Huntsman Business Overview
        7.5.3 Huntsman Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.5.4 Huntsman Isocyanate Products Offered
        7.5.5 Huntsman Recent Development
    7.6 Mitsui Chemicals
        7.6.1 Mitsui Chemicals Company Information
        7.6.2 Mitsui Chemicals Business Overview
        7.6.3 Mitsui Chemicals Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.6.4 Mitsui Chemicals Isocyanate Products Offered
        7.6.5 Mitsui Chemicals Recent Development
    7.7 Tosoh
        7.7.1 Tosoh Company Information
        7.7.2 Tosoh Business Overview
        7.7.3 Tosoh Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.7.4 Tosoh Isocyanate Products Offered
        7.7.5 Tosoh Recent Development
    7.8 Kumho Mitsui Chemicals
        7.8.1 Kumho Mitsui Chemicals Company Information
        7.8.2 Kumho Mitsui Chemicals Business Overview
        7.8.3 Kumho Mitsui Chemicals Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.8.4 Kumho Mitsui Chemicals Isocyanate Products Offered
        7.8.5 Kumho Mitsui Chemicals Recent Development
    7.9 Hanwha
        7.9.1 Hanwha Company Information
        7.9.2 Hanwha Business Overview
        7.9.3 Hanwha Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.9.4 Hanwha Isocyanate Products Offered
        7.9.5 Hanwha Recent Development
    7.10 Evonik
        7.10.1 Evonik Company Information
        7.10.2 Evonik Business Overview
        7.10.3 Evonik Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.10.4 Evonik Isocyanate Products Offered
        7.10.5 Evonik Recent Development
    7.11 Asahi Kasei
        7.11.1 Asahi Kasei Company Information
        7.11.2 Asahi Kasei Business Overview
        7.11.3 Asahi Kasei Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.11.4 Asahi Kasei Isocyanate Products Offered
        7.11.5 Asahi Kasei Recent Development
    7.12 SABIC
        7.12.1 SABIC Company Information
        7.12.2 SABIC Business Overview
        7.12.3 SABIC Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.12.4 SABIC Isocyanate Products Offered
        7.12.5 SABIC Recent Development
    7.13 Gujarat Narmada Valley Fertilizers & Chemicals (GNFC)
        7.13.1 Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) Company Information
        7.13.2 Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) Business Overview
        7.13.3 Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.13.4 Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) Isocyanate Products Offered
        7.13.5 Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) Recent Development
    7.14 DIC
        7.14.1 DIC Company Information
        7.14.2 DIC Business Overview
        7.14.3 DIC Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.14.4 DIC Isocyanate Products Offered
        7.14.5 DIC Recent Development
    7.15 Karoon Petrochemical Company (KRNPC)
        7.15.1 Karoon Petrochemical Company (KRNPC) Company Information
        7.15.2 Karoon Petrochemical Company (KRNPC) Business Overview
        7.15.3 Karoon Petrochemical Company (KRNPC) Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.15.4 Karoon Petrochemical Company (KRNPC) Isocyanate Products Offered
        7.15.5 Karoon Petrochemical Company (KRNPC) Recent Development
    7.16 OCI
        7.16.1 OCI Company Information
        7.16.2 OCI Business Overview
        7.16.3 OCI Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.16.4 OCI Isocyanate Products Offered
        7.16.5 OCI Recent Development
    7.17 Cangzhou Dahua Group
        7.17.1 Cangzhou Dahua Group Company Information
        7.17.2 Cangzhou Dahua Group Business Overview
        7.17.3 Cangzhou Dahua Group Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.17.4 Cangzhou Dahua Group Isocyanate Products Offered
        7.17.5 Cangzhou Dahua Group Recent Development
    7.18 Gansu Yinguang Chemical (Norinco Group)
        7.18.1 Gansu Yinguang Chemical (Norinco Group) Company Information
        7.18.2 Gansu Yinguang Chemical (Norinco Group) Business Overview
        7.18.3 Gansu Yinguang Chemical (Norinco Group) Isocyanate Sales, Revenue and Gross Margin (2020-2025)
        7.18.4 Gansu Yinguang Chemical (Norinco Group) Isocyanate Products Offered
        7.18.5 Gansu Yinguang Chemical (Norinco Group) Recent Development

8 Isocyanate Manufacturing Cost Analysis
    8.1 Isocyanate Key Raw Materials Analysis
        8.1.1 Key Raw Materials
        8.1.2 Key Suppliers of Raw Materials
    8.2 Proportion of Manufacturing Cost Structure
    8.3 Manufacturing Process Analysis of Isocyanate
    8.4 Isocyanate Industrial Chain Analysis

9 Marketing Channel, Distributors and Customers
    9.1 Marketing Channel
    9.2 Isocyanate Distributors List
    9.3 Isocyanate Customers

10 Isocyanate Market Dynamics
    10.1 Isocyanate Industry Trends
    10.2 Isocyanate Market Drivers
    10.3 Isocyanate Market Challenges
    10.4 Isocyanate Market Restraints

11 Research Findings and Conclusion

12 Appendix
    12.1 Research Methodology
        12.1.1 Methodology/Research Approach
            12.1.1.1 Research Programs/Design
            12.1.1.2 Market Size Estimation
            12.1.1.3 Market Breakdown and Data Triangulation
        12.1.2 Data Source
            12.1.2.1 Secondary Sources
            12.1.2.2 Primary Sources
    12.2 Author Details
    12.3 Disclaimer

Table of Figures

List of Tables
 Table 1. Global Isocyanate Sales (US$ Million) Growth Rate by Type (2020 & 2024 & 2031)
 Table 2. Global Isocyanate Sales (US$ Million) Comparison by Application (2020 & 2024 & 2031)
 Table 3. Global Market Isocyanate Market Size (US$ Million) by Region:2020 VS 2024 VS 2031
 Table 4. Global Isocyanate Sales (Kilotons) by Region (2020-2025)
 Table 5. Global Isocyanate Sales Market Share by Region (2020-2025)
 Table 6. Global Isocyanate Revenue (US$ Million) Market Share by Region (2020-2025)
 Table 7. Global Isocyanate Revenue Share by Region (2020-2025)
 Table 8. Global Isocyanate Sales (Kilotons) Forecast by Region (2026-2031)
 Table 9. Global Isocyanate Sales Market Share Forecast by Region (2026-2031)
 Table 10. Global Isocyanate Revenue (US$ Million) Forecast by Region (2026-2031)
 Table 11. Global Isocyanate Revenue Share Forecast by Region (2026-2031)
 Table 12. Global Isocyanate Sales by Type (Kilotons) & (2020-2025)
 Table 13. Global Isocyanate Sales Share by Type (2020-2025)
 Table 14. Global Isocyanate Revenue by Type (US$ Million) & (2020-2025)
 Table 15. Global Isocyanate Price by Type (US$/Ton) & (2020-2025)
 Table 16. Global Isocyanate Sales by Type (Kilotons) & (2026-2031)
 Table 17. Global Isocyanate Revenue by Type (US$ Million) & (2026-2031)
 Table 18. Global Isocyanate Price by Type (US$/Ton) & (2026-2031)
 Table 19. Representative Players of Each Type
 Table 20. Global Isocyanate Sales by Application (Kilotons) & (2020-2025)
 Table 21. Global Isocyanate Sales Share by Application (2020-2025)
 Table 22. Global Isocyanate Revenue by Application (US$ Million) & (2020-2025)
 Table 23. Global Isocyanate Price by Application (US$/Ton) & (2020-2025)
 Table 24. Global Isocyanate Sales by Application (Kilotons) & (2026-2031)
 Table 25. Global Isocyanate Revenue Market Share by Application (US$ Million) & (2026-2031)
 Table 26. Global Isocyanate Price by Application (US$/Ton) & (2026-2031)
 Table 27. New Sources of Growth in Isocyanate Application
 Table 28. Global Isocyanate Sales by Company (Kilotons) & (2020-2025)
 Table 29. Global Isocyanate Sales Share by Company (2020-2025)
 Table 30. Global Isocyanate Revenue by Company (US$ Million) & (2020-2025)
 Table 31. Global Isocyanate Revenue Share by Company (2020-2025)
 Table 32. Global Isocyanate by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Isocyanate as of 2024)
 Table 33. Global Market Isocyanate Average Price by Company (US$/Ton) & (2020-2025)
 Table 34. Global Key Manufacturers of Isocyanate, Manufacturing Sites & Headquarters
 Table 35. Global Key Manufacturers of Isocyanate, Product Type & Application
 Table 36. Global Key Manufacturers of Isocyanate, Date of Enter into This Industry
 Table 37. Manufacturers Mergers & Acquisitions, Expansion Plans
 Table 38. North America Isocyanate Sales by Company (2020-2025) & (Kilotons)
 Table 39. North America Isocyanate Sales Market Share by Company (2020-2025)
 Table 40. North America Isocyanate Revenue by Company (2020-2025) & (US$ Million)
 Table 41. North America Isocyanate Revenue Market Share by Company (2020-2025)
 Table 42. North America Isocyanate Sales by Type (2020-2025) & (Kilotons)
 Table 43. North America Isocyanate Sales Market Share by Type (2020-2025)
 Table 44. North America Isocyanate Sales by Application (2020-2025) & (Kilotons)
 Table 45. North America Isocyanate Sales Market Share by Application (2020-2025)
 Table 46. Europe Isocyanate Sales by Company (2020-2025) & (Kilotons)
 Table 47. Europe Isocyanate Sales Market Share by Company (2020-2025)
 Table 48. Europe Isocyanate Revenue by Company (2020-2025) & (US$ Million)
 Table 49. Europe Isocyanate Revenue Market Share by Company (2020-2025)
 Table 50. Europe Isocyanate Sales by Type (2020-2025) & (Kilotons)
 Table 51. Europe Isocyanate Sales Market Share by Type (2020-2025)
 Table 52. Europe Isocyanate Sales by Application (2020-2025) & (Kilotons)
 Table 53. Europe Isocyanate Sales Market Share by Application (2020-2025)
 Table 54. China Isocyanate Sales by Company (2020-2025) & (Kilotons)
 Table 55. China Isocyanate Sales Market Share by Company (2020-2025)
 Table 56. China Isocyanate Revenue by Company (2020-2025) & (US$ Million)
 Table 57. China Isocyanate Revenue Market Share by Company (2020-2025)
 Table 58. China Isocyanate Sales by Type (2020-2025) & (Kilotons)
 Table 59. China Isocyanate Sales Market Share by Type (2020-2025)
 Table 60. China Isocyanate Sales by Application (2020-2025) & (Kilotons)
 Table 61. China Isocyanate Sales Market Share by Application (2020-2025)
 Table 62. Japan Isocyanate Sales by Company (2020-2025) & (Kilotons)
 Table 63. Japan Isocyanate Sales Market Share by Company (2020-2025)
 Table 64. Japan Isocyanate Revenue by Company (2020-2025) & (US$ Million)
 Table 65. Japan Isocyanate Revenue Market Share by Company (2020-2025)
 Table 66. Japan Isocyanate Sales by Type (2020-2025) & (Kilotons)
 Table 67. Japan Isocyanate Sales Market Share by Type (2020-2025)
 Table 68. Japan Isocyanate Sales by Application (2020-2025) & (Kilotons)
 Table 69. Japan Isocyanate Sales Market Share by Application (2020-2025)
 Table 70. South Korea Isocyanate Sales by Company (2020-2025) & (Kilotons)
 Table 71. South Korea Isocyanate Sales Market Share by Company (2020-2025)
 Table 72. South Korea Isocyanate Revenue by Company (2020-2025) & (US$ Million)
 Table 73. South Korea Isocyanate Revenue Market Share by Company (2020-2025)
 Table 74. South Korea Isocyanate Sales by Type (2020-2025) & (Kilotons)
 Table 75. South Korea Isocyanate Sales Market Share by Type (2020-2025)
 Table 76. South Korea Isocyanate Sales by Application (2020-2025) & (Kilotons)
 Table 77. South Korea Isocyanate Sales Market Share by Application (2020-2025)
 Table 78. India Isocyanate Sales by Company (2020-2025) & (Kilotons)
 Table 79. India Isocyanate Sales Market Share by Company (2020-2025)
 Table 80. India Isocyanate Revenue by Company (2020-2025) & (US$ Million)
 Table 81. India Isocyanate Revenue Market Share by Company (2020-2025)
 Table 82. India Isocyanate Sales by Type (2020-2025) & (Kilotons)
 Table 83. India Isocyanate Sales Market Share by Type (2020-2025)
 Table 84. India Isocyanate Sales by Application (2020-2025) & (Kilotons)
 Table 85. India Isocyanate Sales Market Share by Application (2020-2025)
 Table 86. Wanhua Chemical Company Information
 Table 87. Wanhua Chemical Description and Business Overview
 Table 88. Wanhua Chemical Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 89. Wanhua Chemical Isocyanate Product
 Table 90. Wanhua Chemical Recent Development
 Table 91. BASF Company Information
 Table 92. BASF Description and Business Overview
 Table 93. BASF Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 94. BASF Isocyanate Product
 Table 95. BASF Recent Development
 Table 96. Covestro Company Information
 Table 97. Covestro Description and Business Overview
 Table 98. Covestro Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 99. Covestro Isocyanate Product
 Table 100. Covestro Recent Development
 Table 101. Dow Company Information
 Table 102. Dow Description and Business Overview
 Table 103. Dow Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 104. Dow Isocyanate Product
 Table 105. Dow Recent Development
 Table 106. Huntsman Company Information
 Table 107. Huntsman Description and Business Overview
 Table 108. Huntsman Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 109. Huntsman Isocyanate Product
 Table 110. Huntsman Recent Development
 Table 111. Mitsui Chemicals Company Information
 Table 112. Mitsui Chemicals Description and Business Overview
 Table 113. Mitsui Chemicals Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 114. Mitsui Chemicals Isocyanate Product
 Table 115. Mitsui Chemicals Recent Development
 Table 116. Tosoh Company Information
 Table 117. Tosoh Description and Business Overview
 Table 118. Tosoh Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 119. Tosoh Isocyanate Product
 Table 120. Tosoh Recent Development
 Table 121. Kumho Mitsui Chemicals Company Information
 Table 122. Kumho Mitsui Chemicals Description and Business Overview
 Table 123. Kumho Mitsui Chemicals Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 124. Kumho Mitsui Chemicals Isocyanate Product
 Table 125. Kumho Mitsui Chemicals Recent Development
 Table 126. Hanwha Company Information
 Table 127. Hanwha Description and Business Overview
 Table 128. Hanwha Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 129. Hanwha Isocyanate Product
 Table 130. Hanwha Recent Development
 Table 131. Evonik Company Information
 Table 132. Evonik Description and Business Overview
 Table 133. Evonik Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 134. Evonik Isocyanate Product
 Table 135. Evonik Recent Development
 Table 136. Asahi Kasei Company Information
 Table 137. Asahi Kasei Description and Business Overview
 Table 138. Asahi Kasei Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 139. Asahi Kasei Isocyanate Product
 Table 140. Asahi Kasei Recent Development
 Table 141. SABIC Company Information
 Table 142. SABIC Description and Business Overview
 Table 143. SABIC Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 144. SABIC Isocyanate Product
 Table 145. SABIC Recent Development
 Table 146. Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) Company Information
 Table 147. Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) Description and Business Overview
 Table 148. Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 149. Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) Isocyanate Product
 Table 150. Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) Recent Development
 Table 151. DIC Company Information
 Table 152. DIC Description and Business Overview
 Table 153. DIC Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 154. DIC Isocyanate Product
 Table 155. DIC Recent Development
 Table 156. Karoon Petrochemical Company (KRNPC) Company Information
 Table 157. Karoon Petrochemical Company (KRNPC) Description and Business Overview
 Table 158. Karoon Petrochemical Company (KRNPC) Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 159. Karoon Petrochemical Company (KRNPC) Isocyanate Product
 Table 160. Karoon Petrochemical Company (KRNPC) Recent Development
 Table 161. OCI Company Information
 Table 162. OCI Description and Business Overview
 Table 163. OCI Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 164. OCI Isocyanate Product
 Table 165. OCI Recent Development
 Table 166. Cangzhou Dahua Group Company Information
 Table 167. Cangzhou Dahua Group Description and Business Overview
 Table 168. Cangzhou Dahua Group Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 169. Cangzhou Dahua Group Isocyanate Product
 Table 170. Cangzhou Dahua Group Recent Development
 Table 171. Gansu Yinguang Chemical (Norinco Group) Company Information
 Table 172. Gansu Yinguang Chemical (Norinco Group) Description and Business Overview
 Table 173. Gansu Yinguang Chemical (Norinco Group) Isocyanate Sales (Kilotons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 174. Gansu Yinguang Chemical (Norinco Group) Isocyanate Product
 Table 175. Gansu Yinguang Chemical (Norinco Group) Recent Development
 Table 176. Production Base and Market Concentration Rate of Raw Material
 Table 177. Key Suppliers of Raw Materials
 Table 178. Isocyanate Distributors List
 Table 179. Isocyanate Customers List
 Table 180. Isocyanate Market Trends
 Table 181. Isocyanate Market Drivers
 Table 182. Isocyanate Market Challenges
 Table 183. Isocyanate Market Restraints
 Table 184. Research Programs/Design for This Report
 Table 185. Key Data Information from Secondary Sources
 Table 186. Key Data Information from Primary Sources


List of Figures
 Figure 1. Isocyanate Product Picture
 Figure 2. Global Isocyanate Sales (US$ Million) by Type (2020 & 2024 & 2031)
 Figure 3. Global Isocyanate Sales Market Share by Type in 2024 & 2031
 Figure 4. Methylene Diphenyl Diisocyanate (MDI) Product Picture
 Figure 5. Toluene Diisocyanate (TDI) Product Picture
 Figure 6. Aliphatic Isocyanate Product Picture
 Figure 7. Global Isocyanate Sales (US$ Million) by Application (2020 & 2024 & 2031)
 Figure 8. Global Isocyanate Sales Market Share by Application in 2024 & 2031
 Figure 9. Rigid Foam Examples
 Figure 10. Flexible Foam Examples
 Figure 11. Paints and Coatings Examples
 Figure 12. Adhesives and Sealants Examples
 Figure 13. Elastomers Examples
 Figure 14. Others Examples
 Figure 15. Global Isocyanate Sales, (US$ Million), 2020 VS 2024 VS 2031
 Figure 16. Global Isocyanate Sales Growth Rate (2020-2031) & (US$ Million)
 Figure 17. Global Isocyanate Sales (Kilotons) Growth Rate (2020-2031)
 Figure 18. Global Isocyanate Price Trends Growth Rate (2020-2031) & (US$/Ton)
 Figure 19. Isocyanate Report Years Considered
 Figure 20. Global Market Isocyanate Market Size (US$ Million) by Region:2020 VS 2024 VS 2031
 Figure 21. Global Isocyanate Revenue Market Share by Region: 2020 VS 2024
 Figure 22. North America Isocyanate Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 23. North America Isocyanate Sales (Kilotons) Growth Rate (2020-2031)
 Figure 24. Europe Isocyanate Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 25. Europe Isocyanate Sales (Kilotons) Growth Rate (2020-2031)
 Figure 26. China Isocyanate Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 27. China Isocyanate Sales (Kilotons) Growth Rate (2020-2031)
 Figure 28. Japan Isocyanate Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 29. Japan Isocyanate Sales (Kilotons) Growth Rate (2020-2031)
 Figure 30. South Korea Isocyanate Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 31. South Korea Isocyanate Sales (Kilotons) Growth Rate (2020-2031)
 Figure 32. India Isocyanate Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 33. India Isocyanate Sales (Kilotons) Growth Rate (2020-2031)
 Figure 34. Global Isocyanate Revenue Share by Type (2020-2025)
 Figure 35. Global Isocyanate Sales Share by Type (2026-2031)
 Figure 36. Global Isocyanate Revenue Share by Type (2026-2031)
 Figure 37. Global Isocyanate Revenue Share by Application (2020-2025)
 Figure 38. Global Isocyanate Revenue Growth Rate by Application in 2020 & 2024
 Figure 39. Global Isocyanate Sales Share by Application (2026-2031)
 Figure 40. Global Isocyanate Revenue Share by Application (2026-2031)
 Figure 41. Global Isocyanate Sales Share by Company (2024)
 Figure 42. Global Isocyanate Revenue Share by Company (2024)
 Figure 43. Global 5 Largest Isocyanate Players Market Share by Revenue in Isocyanate: 2020 & 2024
 Figure 44. Isocyanate Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 45. Manufacturing Cost Structure of Isocyanate
 Figure 46. Manufacturing Process Analysis of Isocyanate
 Figure 47. Isocyanate Industrial Chain
 Figure 48. Channels of Distribution (Direct Vs Distribution)
 Figure 49. Distributors Profiles
 Figure 50. Bottom-up and Top-down Approaches for This Report
 Figure 51. Data Triangulation
 Figure 52. Key Executives Interviewed

Description

The global Isocyanate market size was US$ 36240 million in 2024 and is forecast to a readjusted size of US$ 61810 million by 2031 with a CAGR of 8.4% during the forecast period 2025-2031. 
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on Isocyanate market competitiveness, regional economic performance, and supply chain configurations.

Market Segmentation

Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Isocyanate market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Toluene Diisocyanate (TDI) in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Flexible Foam in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.  
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?  
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Isocyanate value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets

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