The global demand for Blocked Isocyanate Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Blocked isocyanates are a family of highly reactive, low molecular weight chemicals, commonly used in polyurethanes synthesis. They are formed by the reaction of an isocyanate with either and methylene compound or active hydrogen. The importance of blocked isocyanates is well-known in industries including coatings and adhesives applications such as electro-deposition, electrostatic spraying, powder coating, insulating wire coating, and coil coatings. Phenol, nonylphenol, methylethylketoxime (MEKO), alcohols, ɛ-caprolactam, amides, imidazoles, and pyrazoles are most commonly used blocked isocyanate.
The global blocked isocyanate market is projected to grow at a moderate pace during the forecast period. The blocked isocyanates market is facing many obstacles and debates for its achievable work. With some positive aspects, the market is experiencing so many downturns. Rising application as a solvent and blocking & curing agent in paint, automotive, and coating industry drives the market growth. Blocked isocyanates are used in automotive and various coating industries and applied as a solvent to finishes. The block isocyanate's chemical structure is known to have a significant impact on the deblocking temperature and curing rate of the coating, and also impact volatile content and finished product properties. Despite being an excellent performer in coating curing, its toxicity and moisture sensitivity makes it unfeasible for coating application. As a result, there is a growing inclination towards the development of isocyanate-free polyurethane formulations. Due to this, the isocyanates could be replaced by a crosslinker such as a melamine or formaldehyde resin. This is estimated to hamper the growth of the market during the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of blocked isocyanate.
The entire blocked isocyanate market has been sub-categorized into type and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Water-Based Blocked Isocyanate
- Solvent-Based Blocked Isocyanate
- Single-Component Coating
This section covers regional segmentation which accentuates on current and future demand for blocked isocyanate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Blocked Isocyanate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the blocked isocyanate market include BAXENDEN, Vencorex, Covestro, Evonik, Rudolf, EMS, Leeson Polyurethanes, DIC, Asahi KASEI, Tosoh, Mitsui Chemicals, Meisei Chem. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.