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Chicago, May 6, 2021 /PRNewswire Sealants), end-uses (construction, furniture and interior decoration, electronics and electrical appliances, automobiles, footwear)-global forecast for 2026", released by MarketsandMarkets™, is expected to reach 105.3 billion US dollars by 2026, a compound annual growth rate The rate is 6.2%, compared to USD 77.9 billion in 2021. MDI (methylene diphenyl diisocyanate) and TDI (toluene diisocyanate) are diisocyanates, mainly used as raw materials for polyurethane. Polyurethane is a synthetic resin composed of organic units connected by urethane bonds. It is mainly prepared by reacting diisocyanate, MDI and/or TDI with a series of polyols (polyester and/or polyether polyols).

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Flexible foam is the largest application field in the MDI, TDI and polyurethane markets. In terms of value, the Asia-Pacific region is the largest market for MDI, TDI and polyurethane in 2020. Factors such as compliance with energy regulations, environmental sustainability requirements, versatility and unique performance will drive the development of the MDI, TDI and polyurethane markets.

It is estimated that between 2021 and 2026, rigid foam will become the fastest growing application in the MDI, TDI and polyurethane markets

Rigid foam is a low-density to high-density foam with a relatively high level of stiffness. These foams have uses in various applications, but are mainly used as insulation foams and structural foams in the construction industry. They are used to simulate wood and RIM (Reaction Injection Molding) plastics. These are also used as insulating foam and structural foam. Rigid foam has one of the highest insulation R values ​​per inch, ranging from R 5.5 to R 8 per inch, and is a strong, lightweight, low-density structure, stable in size, moisture-proof, and low vapor transmission rate.

The main use of rigid foam is for board and laminated insulation materials and foam roofs in commercial and residential buildings. It is also used as an insulating material for electric appliances such as water heaters, refrigerators, coolers, vending machines and freezers. Other important rigid foam outlets include industrial insulation for pipes and storage tanks. Rigid foam based on MDI is one of the best insulating materials available, and it helps to save a lot of energy. An upcoming market for rigid foams is the automotive market. They are used not only for seats and vehicle interiors, but also for other body parts, such as vehicle exteriors, to reduce vehicle weight. They have significant environmental benefits because they help save energy and reduce the weight and cost of buildings.

Electronics and electrical appliances are expected to be the fastest-growing end industry in the polyurethane market from 2021 to 2026

Polyurethane is an important ingredient used in major consumer products and electrical appliances. They are usually used in electrical appliances in the form of rigid foams. Rigid and flexible polyurethanes are most widely used as insulators in the home appliance industry. The main products using polyurethane foam include TV sets, refrigerators, air conditioners and microwave ovens. Polyurethane is ideal for insulation of refrigeration appliances, and has other advantages such as sturdiness, strength and light weight, thereby reducing logistics costs and providing cost-effective manufacturing solutions that can be operated multiple times. Polyurethane is used in refrigerator shells and insulating materials, depending on their density. Polyurethane also reduces the need for multiple surface coatings to improve finish without any additional finishing requirements. Polyurethane foam is used as air and water filter media for air conditioners. These foams are porous, washable, lightweight, and have high mold resistance. Polyurethane foam can seal dust, air and water near windows, and can also reduce excessive vibration and noise.

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During the forecast period, the Asia-Pacific region is expected to become the fastest growing region in the MDI, TDI and polyurethane markets

The Asia-Pacific region is one of the most important markets for MDI, TDI and polyurethane. In terms of global plastic consumption. Due to the current economic conditions in mature markets such as the United States and Western Europe and the rapid growth of domestic consumption, the Asia-Pacific region has become a major producer and consumer of MDI, TDI and polyurethane. The construction, bedding and furniture industries in the region have a leading position in the polyurethane market. Transportation, automobile, and footwear manufacturers are establishing or expanding their manufacturing bases in the region to take advantage of low manufacturing costs. China dominates the MDI, TDI and polyurethane markets in the Asia-Pacific region. The country's growing construction industry and rebound in construction activity are the main drivers of the MDI, TDI and polyurethane markets

The main market participants introduced in the report include BASF SE (Germany), Dow Chemical Company (United States), DuPont De Nemours, Inc. (United States), Huntsman Corporation (United States), Covestro AG (Germany), LANXESS AG (Germany) , Mitsui Chemicals Inc. (Japan), Wanhua Chemical Group Co. Ltd. (China) and Woodbridge Foam Corporation (Canada).

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