Market Overview:
The global polyisocyanate hardener market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for coatings, inks, binders, and injection molding applications across the globe. In addition, rising awareness about energy-efficient and environment-friendly products is also propelling the demand for polyisocyanate hardeners globally. Based on type, TDI polyisocyanate hardener held a major share of the global market in 2017. This can be attributed to its high reactivity and compatibility with a wide range of substrates.
Product Definition:
Polyisocyanate hardener is an important component of polyurethane coatings. It speeds up the curing process and increases the hardness and durability of the coating.
TDI Polyisocyanate Hardener:
TDI polyisocyanate hardener is a polymerization product used for the production of flexible polyurethane elastomers. It helps in increasing the flexibility and toughness of elastomers by enhancing their resistance to temperature, wear & tear along with providing high strength. TDI has been gaining importance in recent years owing to its ability to be easily processed at low cost and high productivity as compared to conventional materials such as polyester resins or natural rubber.
HDI Polyisocyanate Hardener:
HDI Polyisocyanate hardener is a polymerization product used for the production of polyisocyanate (PIR). PIR is an important thermoplastic elastomer that can be utilized in numerous end-use industries. The demand for HDI Polyisocyanate hardener has been increasing over the past few years on account of its rising application in PIR manufacturing.
The growth of major end-use industries such as construction, automotive.
Application Insights:
Injection molding was the largest application segment in terms of volume and revenue in 2017. The product is used for hardening and strengthening polyurethane (PU) resins, which are primarily utilized for manufacturing injection molded components. Injection molding is widely used to manufacture automotive parts, household appliances, medical devices, sporting goods equipment and other industrial products.
The coating segment held a significant share of the global market volume in 2017 due to extensive usage of polyisocyanate based coatings on metal surfaces such as aluminum alloys & steel. These coatings provide protection from oxidation & corrosion by enhancing the adhesion between protective layer & substrate thereby increasing durability of coated surface. Other applications include binders and printing ink where high chemical resistance is required along with enhanced printability over other conventional plastics like PIR or PVC that are used traditionally as binder materials.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various application segments, including coating, ink, binder and injection molding. China is one of the largest consumers of polyisocyanates across Asia Pacific owing to easy availability of raw materials coupled with low manufacturing cost as compared to other countries in the world.
North America accounted for a significant share in global polyisocyanate hardener industry due to growing demand for biodegradable products from several end-use industries such as construction & engineering, automotive etc., which are taking into consideration green building codes that mandate sustainable construction practices worldwide. Europe also held a considerable share due to high consumption levels coupled with presence of stringent regulations on VOC emissions from chemical manufacturers that affect product penetration in North America and Asia Pacific regions respectively.
Growth Factors:
- Increasing demand for polyurethane coatings in the automotive and construction industries
- Growing demand for rigid foam insulation in the construction industry
- Rising use of polyisocyanate hardeners in composites manufacturing
- Increasing application scope of polyisocyanate hardeners in adhesives and sealants formulations
- Growing popularity of low-VOC and waterborne coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyisocyanate Hardener Market Research Report
By Type
TDI Polyisocyanate Hardener, HDI Polyisocyanate Hardener
By Application
Coating, Ink, Binder, Injection Molding, Other
By Companies
Covestro AG, Wanhua, Bayer, BASF, Asahi Kasei, NPU, Tosoh Specialty Chemicals, Guangzhou Guanzhi New Material Technology, AEKYUNG Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Polyisocyanate Hardener Market Report Segments:
The global Polyisocyanate Hardener market is segmented on the basis of:
Types
TDI Polyisocyanate Hardener, HDI Polyisocyanate Hardener
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Coating, Ink, Binder, Injection Molding, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Covestro AG
- Wanhua
- Bayer
- BASF
- Asahi Kasei
- NPU
- Tosoh Specialty Chemicals
- Guangzhou Guanzhi New Material Technology
- AEKYUNG Chemical
Highlights of The Polyisocyanate Hardener Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- TDI Polyisocyanate Hardener
- HDI Polyisocyanate Hardener
- By Application:
- Coating
- Ink
- Binder
- Injection Molding
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyisocyanate Hardener Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A polyisocyanate hardener is a chemical compound that helps to form the cross-linked network of polyurethanes. This network provides resistance to water and other chemicals, making the material more durable.
Some of the major players in the polyisocyanate hardener market are Covestro AG, Wanhua, Bayer, BASF, Asahi Kasei, NPU, Tosoh Specialty Chemicals, Guangzhou Guanzhi New Material Technology, AEKYUNG Chemical.
The polyisocyanate hardener market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyisocyanate Hardener Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Polyisocyanate Hardener Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Polyisocyanate Hardener Market - Supply Chain
4.5. Global Polyisocyanate Hardener Market Forecast
4.5.1. Polyisocyanate Hardener Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polyisocyanate Hardener Market Size (000 Units) and Y-o-Y Growth
4.5.3. Polyisocyanate Hardener Market Absolute $ Opportunity
5. Global Polyisocyanate Hardener Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Polyisocyanate Hardener Market Size and Volume Forecast by Type
5.3.1. TDI Polyisocyanate Hardener
5.3.2. HDI Polyisocyanate Hardener
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Polyisocyanate Hardener Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Polyisocyanate Hardener Market Size and Volume Forecast by Application
6.3.1. Coating
6.3.2. Ink
6.3.3. Binder
6.3.4. Injection Molding
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Polyisocyanate Hardener Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Polyisocyanate Hardener Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Polyisocyanate Hardener Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Polyisocyanate Hardener Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Polyisocyanate Hardener Demand Share Forecast, 2019-2026
9. North America Polyisocyanate Hardener Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Polyisocyanate Hardener Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Polyisocyanate Hardener Market Size and Volume Forecast by Application
9.4.1. Coating
9.4.2. Ink
9.4.3. Binder
9.4.4. Injection Molding
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Polyisocyanate Hardener Market Size and Volume Forecast by Type
9.7.1. TDI Polyisocyanate Hardener
9.7.2. HDI Polyisocyanate Hardener
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Polyisocyanate Hardener Demand Share Forecast, 2019-2026
10. Latin America Polyisocyanate Hardener Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Polyisocyanate Hardener Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Polyisocyanate Hardener Market Size and Volume Forecast by Application
10.4.1. Coating
10.4.2. Ink
10.4.3. Binder
10.4.4. Injection Molding
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Polyisocyanate Hardener Market Size and Volume Forecast by Type
10.7.1. TDI Polyisocyanate Hardener
10.7.2. HDI Polyisocyanate Hardener
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Polyisocyanate Hardener Demand Share Forecast, 2019-2026
11. Europe Polyisocyanate Hardener Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Polyisocyanate Hardener Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Polyisocyanate Hardener Market Size and Volume Forecast by Application
11.4.1. Coating
11.4.2. Ink
11.4.3. Binder
11.4.4. Injection Molding
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Polyisocyanate Hardener Market Size and Volume Forecast by Type
11.7.1. TDI Polyisocyanate Hardener
11.7.2. HDI Polyisocyanate Hardener
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Polyisocyanate Hardener Demand Share, 2019-2026
12. Asia Pacific Polyisocyanate Hardener Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Polyisocyanate Hardener Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Polyisocyanate Hardener Market Size and Volume Forecast by Application
12.4.1. Coating
12.4.2. Ink
12.4.3. Binder
12.4.4. Injection Molding
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Polyisocyanate Hardener Market Size and Volume Forecast by Type
12.7.1. TDI Polyisocyanate Hardener
12.7.2. HDI Polyisocyanate Hardener
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Polyisocyanate Hardener Demand Share, 2019-2026
13. Middle East & Africa Polyisocyanate Hardener Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Polyisocyanate Hardener Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Polyisocyanate Hardener Market Size and Volume Forecast by Application
13.4.1. Coating
13.4.2. Ink
13.4.3. Binder
13.4.4. Injection Molding
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Polyisocyanate Hardener Market Size and Volume Forecast by Type
13.7.1. TDI Polyisocyanate Hardener
13.7.2. HDI Polyisocyanate Hardener
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Polyisocyanate Hardener Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Polyisocyanate Hardener Market: Market Share Analysis
14.2. Polyisocyanate Hardener Distributors and Customers
14.3. Polyisocyanate Hardener Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Covestro AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Wanhua
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bayer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BASF
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Asahi Kasei
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NPU
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tosoh Specialty Chemicals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Guangzhou Guanzhi New Material Technology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AEKYUNG Chemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
