Isocyanates Market

Isocyanates market: get access to newly released information provided by an Ai-driven BI platform. Data cover exports, consumption, market size, trade, market prices, imports, production, and companies. There is a split by region, including China, the U.S., Russia, EU, the U.K., the Middle East, Latin America, and Africa. Market dynamics and outlook to 2030 are also featured in the reports.


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Isocyanates - World's Largest Markets

RatingCountry
1China
2India
3United States
4Japan
5Russia

In value terms, China, India and the United States constituted the countries with the highest levels of market value in 2020, with a combined 48% share of the global market. These countries were followed by Japan, Russia, France, Germany, Canada, Spain, South Korea, Turkey, Iran and Italy, which together accounted for a further 27%.

South Korea saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while isocyanates market for the other global leaders experienced more modest paces of growth.

Isocyanates Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Saudi Arabia202917571572-12.0%
South Korea311319051656-27.1%
China323922341889-23.6%
Hungary326118871967-22.3%
Belgium321325672212-17.0%
United States331324212260-17.4%
Japan384028242478-19.7%
Germany342824392518-14.3%
Average323422682051-20.4%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($2,518 per ton), while Saudi Arabia ($1,572 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Germany331627172475-13.6%
China357329112462-17.0%
Belgium235621322281-1.6%
India336323962277-17.7%
Vietnam391721542133-26.2%
Italy327823332116-19.7%
Spain326221992036-21.0%
Poland330318811988-22.4%
Russia340219421951-24.3%
Turkey345321041825-27.3%
Brazil242317821803-13.7%
Indonesia296918331599-26.6%
Nigeria244117101417-23.8%
Average316822782099-18.6%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Germany ($2,475 per ton), while Nigeria ($1,417 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced a decline in the import price figures.

Isocyanates - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
China0.70.50.4-24.9%
Italy0.50.30.3-25.4%
Germany0.40.30.2-26.3%
Turkey0.30.20.2-19.9%
Brazil0.30.20.2-25.8%

In value terms, the largest isocyanates importing markets worldwide were China ($372M), Italy ($260M) and Germany ($204M), together accounting for 19% of global imports. These countries were followed by Turkey, Brazil, Belgium, Vietnam, India, Poland, Indonesia, Russia, Spain and Nigeria, which together accounted for a further 34%.

In terms of the main importing countries, Vietnam saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced a decline in the imports figures.

Isocyanates - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Germany1.20.90.8-21.2%
China0.70.60.7-0.4%
South Korea1.30.60.5-36.8%
Hungary0.90.50.5-25.4%
Japan0.60.40.4-17.2%

In value terms, Germany ($750M), China ($716M) and South Korea ($510M) appeared to be the countries with the highest levels of exports in 2020, with a combined 47% share of global exports.

China recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Isocyanates - Market Forecast

Driven by rising demand for isocyanates worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Isocyanates - Product Coverage

  • HS 292910 - Nitrogen-function compounds; n.e.s. in chapter 29, isocyanates
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World - Isocyanates - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global isocyanates market.

Northern America - Isocyanates - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the isocyanates market in Northern America.

Australia and Oceania - Isocyanates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the isocyanates market in Australia and Oceania.

Africa - Isocyanates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the isocyanates market in Africa.

Latin America and the Caribbean - Isocyanates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the isocyanates market in Latin America and the Caribbean.

South-Eastern Asia - Isocyanates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the isocyanates market in South-Eastern Asia.

Eastern Asia - Isocyanates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the isocyanates market in Eastern Asia.

Middle East - Isocyanates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the isocyanates market in the Middle East.

Central Asia - Isocyanates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the isocyanates market in Central Asia.

Southern Asia - Isocyanates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the isocyanates market in Southern Asia.

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