Global Polyisocyanate Hardener Market Size By Type (TDI Polyisocyanate Hardener, HDI Polyisocyanate Hardener) , By Application (Coating, Ink, Binder), By Geographic Scope And Forecast
Report ID: 314780|No. of Pages: 202
Global Polyisocyanate Hardener Market Size By Type (TDI Polyisocyanate Hardener, HDI Polyisocyanate Hardener) , By Application (Coating, Ink, Binder), By Geographic Scope And Forecast
Polyisocyanate Hardener Market Size And Forecast
Polyisocyanate Hardener Market size is valued at USD 3.72 Billion in the year 2021 and it is expected to reach USD 6.50 Billion in 2030 at a CAGR of 6.39% From 2023 to 2030.
The growing need for high-performance coatings, adhesives, and polyurethane goods in many different applications such as automotive, construction, furniture, and packaging is driving the development of the Polyisocyanate Hardener Market. The Global Polyisocyanate Hardener Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Polyisocyanate Hardener Market Definition
Polyisocyanates are typically cured using reactive hydrogens-containing reactants such as amines and alcohol. Hydroxyl-based oligomers (polyols) such as hydroxylated polyethers and polyesters, as well as hydroxyl functional polyacrylates, are commonly used. Carboxylic acids, ureas, urethanes, and epoxies are all possible isocyanate reactants. Polyisocyanate hardeners are chemical compounds that are used as crosslinkers or curing agents in the coating industry for polyurethane and other types of coatings. Polyisocyanate hardeners create powerful covalent bonds with the hydroxyl groups visible in the coating material, such as the hydroxyl functional groups in polyols. This reaction, referred to as crosslinking or curing, produces a hard, durable, and chemically resistant coating.
Polyisocyanates can be used to create coatings, adhesives, and sealants that cure at room temperature or at slightly higher temperatures. Polyisocyanates readily react with alcohols and amines, so they are typically used in two-component formulations. When the isocyanate groups are hindered by compounds such as caprolactam, oximes, malonates, or dimethyl pyrazole, one-component formulations are possible. At room temperature, blocked polyisocyanates do not react with polyols, but at higher temperatures, the blocking agent is released and the polyisocyanate becomes reactive. They are widely used in the production of flexible and rigid foams, fibers, coatings such as paints and varnishes, and elastomers, as well as in the automobile industry, autobody repair, and building insulation materials.
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Global Polyisocyanate Hardener Market Overview
Due to the increasing demand for high-performance coatings in various end-use industries such as automotive, construction, and industrial applications, the global Polyisocyanate Hardener Market is expected to grow at a moderate rate during the forecast period. Polyisocyanate hardeners are widely used as crosslinkers or curing agents in the coatings industry for polyurethane and other types of coatings. They are well-known for their superior performance characteristics such as high gloss, scratch resistance, and resistance to chemicals and weathering. The growing demand for high-performance coatings with improved mechanical and physical properties will propel the Polyisocyanate Hardener Market forward.
The pandemic of COVID-19 has had an impact on several industries, including the coatings industry. Disruptions in the supply chain and decreased demand for coatings products may have a short-term impact on the growth of the Polyisocyanate Hardener Market. Polyisocyanate hardeners, on the other hand, are known to pose health and environmental risks because of their ability to release harmful isocyanate compounds during the curing process. These chemicals can cause respiratory issues, skin irritation, and other health problems. Growing environmental and health awareness and regulations may have an impact on the growth of the Polyisocyanate Hardener Market.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Polyisocyanate Hardener market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Polyisocyanate Hardener Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Polyisocyanate Hardener Market Segmentation Analysis
The Global Polyisocyanate Hardener Market is Segmented on the Basis of Type, Application, And Geography.
Polyisocyanate Hardener Market, By Type
- TDI Polyisocyanate Hardener
- HDI Polyisocyanate Hardener
Based on Type, the market is segmented into TDI Polyisocyanate Hardener and HDI Polyisocyanate Hardener. Polyisocyanate hardeners containing TDI (toluene diisocyanate) were one of the most frequently utilized types of polyisocyanate hardeners in the coatings industry. They are well-known for their high reactivity, low viscosity, and high performance. Several factors may influence the growth of TDI polyisocyanate hardeners, including the increasing need for high-performance coatings in various end-use industries, advances in technology in the production of polyisocyanate hardeners, and an increasing need for eco-friendly and sustainable coatings.
Polyisocyanate Hardener Market, By Application
- Coating
- Ink
- Binder
- Injection Molding
- Other
Based on Application, the market is segmented into Coating, Ink, Binder, Injection Molding, and Others. Polyisocyanate hardeners are widely used as crosslinkers or curing agents in the coatings industry for a variety of coatings, including automotive coatings, industrial coatings, wood coatings, and plastic coatings. The rising demand for high-performance coatings with improved mechanical and physical properties is expected to propel the Polyisocyanate Hardener Market in the coatings segment forward.
Polyisocyanate Hardener Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of Geography, the global Polyisocyanate Hardener Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Due to of the region’s growing automotive and construction industries, the Asia-Pacific region is expected to be the largest market for polyisocyanate hardeners. The rising demand for high-performance coatings in these industries is expected to fuel the growth of the region’s Polyisocyanate Hardener Market.
Key Players
The “Global Polyisocyanate Hardener Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the Industry are Covestro AG, Wanhua, Bayer, BASF, Asahi Kasei, NPU, Tosoh Specialty Chemicals, Guangzhou Guanzhi New Material Technology, AEKYUNG Chemical, Evonik Industries AG, Huntsman Corporation, DIC Corporation, Mitsui Chemicals Inc., Incorez Ltd., Perstorp Holding AB among others.
Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2018-2030 |
| BASE YEAR | 2021 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2018-2020 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | industry are Covestro AG, Wanhua, Bayer, BASF, Asahi Kasei, NPU, Tosoh Specialty Chemicals, Guangzhou Guanzhi New Material Technology, AEKYUNG Chemical, Evonik Industries AG. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Industry Analysis Matrix
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