APO RESEARCH · REPORT
Isocyanates
Blocked isocyanate refers to a compound prepared by blocking a blocked group of isocyanate groups (-NCO) by a deblocking reaction that cannot be carried out at a lower temperature. This compound does not undergo polymerization at room temperature, but at a certain temperature and other conditions, the isocyanate groups in the blocked polyurethane can be regenerated, and a crosslinking reaction occurs to form a thermosetting polyurethane. The isocyanate group is blocked by reacting an isocyanate or a prepolymer containing a free isocyanate group with some active hydrogen-containing substance or a substance capable of reacting with an isocyanate group, so that the free isocyanate group is not reactive at normal temperature, that is, isocyanate is achieved. The base is closed. This blocking reaction is a reversible reaction under certain conditions, so that the blocked isocyanate group can function again.
Product & engineering
Understand the product.
Blocked isocyanate refers to a compound prepared by blocking a blocked group of isocyanate groups (-NCO) by a deblocking reaction that cannot be carried out at a lower temperature. This compound does not undergo polymerization at room temperature, but at a certain temperature and other conditions, the isocyanate groups in the blocked polyurethane can be regenerated, and a crosslinking reaction occurs to form a thermosetting polyurethane. The isocyanate group is blocked by reacting an isocyanate or a prepolymer containing a free isocyanate group with some active hydrogen-containing substance or a substance capable of reacting with an isocyanate group, so that the free isocyanate group is not reactive at normal temperature, that is, isocyanate is achieved. The base is closed. This blocking reaction is a reversible reaction under certain conditions, so that the blocked isocyanate group can function again.
Selected research
Industry Growth & Trends
Global Isocyanates Industry Growth and Trends Forecast to 2032
Market perspective
Blocked isocyanate refers to a compound prepared by blocking a blocked group of isocyanate groups (-NCO) by a deblocking reaction that cannot be carried out at a lower temperature. This compound does not undergo polymerization at room temperature, but at a certain temperature and other conditions, the isocyanate groups in the blocked polyurethane can be regenerated, and a crosslinking reaction occurs to form a thermosetting polyurethane. The isocyanate group is blocked by reacting an isocyanate or a prepolymer containing a free isocyanate group with some active hydrogen-containing substance or a substance capable of reacting with an isocyanate group, so that the free isocyanate group is not reactive at normal temperature, that is, isocyanate is achieved. The base is closed. This blocking reaction is a reversible reaction under certain conditions, so that the blocked isocyanate group can function again.
The major players in global Isocyanates market include Covestro, Wanhua Chemical, etc. The top 2 players occupy about 40% shares of the global market. China and Europe are main markets, they occupy about 65% of the global market. MDI is the main type, with a share about 65%. Polyurethane Foam is the main application, which holds a share about 80%.
Report Scope
Read the full market overview
This report provides a structured, data-driven view of the global Isocyanates market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Isocyanates market size, estimates, and forecasts are presented in terms of sales volume (kt) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Isocyanates market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Isocyanates.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Isocyanates market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Isocyanates Market by Company
Covestro
Evonik
Vencorex
BASF
Asahi Kasei
Wanhua Chemical
Huntsman
DOW
Tosoh
Mitsui
Hanwha Chemical
GNFC
OCI
Cangzhou Dahua
Gansu Yinguang
Juli Fine Chemical
Fujian Southeast Electrochemical
Isocyanates Segment by Type
ADI
MDI
TDI
Isocyanates Segment by Application
Polyurethane Foam
Paints & Coatings
Adhesives & Sealants
Other
Isocyanates Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Isocyanates market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Isocyanates and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Isocyanates.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Isocyanates manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Isocyanates in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- ADI
- MDI
- TDI
Applications
- Polyurethane Foam
- Paints & Coatings
- Adhesives & Sealants
- Other
Companies covered
- Covestro
- Evonik
- Vencorex
- BASF
- Asahi Kasei
- Wanhua Chemical
- Huntsman
- DOW
- Tosoh
- Mitsui
- Hanwha Chemical
- GNFC
- OCI
- Cangzhou Dahua
- Gansu Yinguang
- Juli Fine Chemical
- Fujian Southeast Electrochemical
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Isocyanates Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Isocyanates Sales Estimates and Forecasts (2021-2032)
- 1.3 Isocyanates Market by Type
- 1.3.1 ADI
- 1.3.2 MDI
- 1.3.3 TDI
- 1.4 Global Isocyanates Market Size by Type
- 1.4.1 Global Isocyanates Market Size Overview by Type (2021-2032)
- 1.4.2 Global Isocyanates Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Isocyanates Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Isocyanates Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Isocyanates Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Isocyanates Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Isocyanates Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Isocyanates Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Isocyanates Industry Trends
- 2.2 Isocyanates Industry Drivers
- 2.3 Isocyanates Industry Opportunities and Challenges
- 2.4 Isocyanates Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Isocyanates Revenue (2021-2026)
- 3.2 Global Top Players by Isocyanates Sales (2021-2026)
- 3.3 Global Top Players by Isocyanates Price (2021-2026)
- 3.4 Global Isocyanates Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Isocyanates Major Company Production Sites & Headquarters
- 3.6 Global Isocyanates Company, Product Type & Application
- 3.7 Global Isocyanates Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Isocyanates Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Isocyanates Players Market Share by Revenue in 2025
- 3.8.3 2025 Isocyanates Tier 1, Tier 2, and Tier 3
4 Isocyanates Regional Status and Outlook
- 4.1 Global Isocyanates Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Isocyanates Historic Market Size by Region
- 4.2.1 Global Isocyanates Sales in Volume by Region (2021-2026)
- 4.2.2 Global Isocyanates Sales in Value by Region (2021-2026)
- 4.2.3 Global Isocyanates Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Isocyanates Forecasted Market Size by Region
- 4.3.1 Global Isocyanates Sales in Volume by Region (2027-2032)
- 4.3.2 Global Isocyanates Sales in Value by Region (2027-2032)
- 4.3.3 Global Isocyanates Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Isocyanates by Application
- 5.1 Isocyanates Market by Application
- 5.1.1 Polyurethane Foam
- 5.1.2 Paints & Coatings
- 5.1.3 Adhesives & Sealants
- 5.1.4 Other
- 5.2 Global Isocyanates Market Size by Application
- 5.2.1 Global Isocyanates Market Size Overview by Application (2021-2032)
- 5.2.2 Global Isocyanates Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Isocyanates Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Isocyanates Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Isocyanates Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Isocyanates Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Isocyanates Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Isocyanates Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Covestro
- 6.1.1 Covestro Company Information
- 6.1.2 Covestro Business Overview
- 6.1.3 Covestro Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Covestro Isocyanates Product Portfolio
- 6.1.5 Covestro Recent Developments
- 6.2 Evonik
- 6.2.1 Evonik Company Information
- 6.2.2 Evonik Business Overview
- 6.2.3 Evonik Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Evonik Isocyanates Product Portfolio
- 6.2.5 Evonik Recent Developments
- 6.3 Vencorex
- 6.3.1 Vencorex Company Information
- 6.3.2 Vencorex Business Overview
- 6.3.3 Vencorex Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Vencorex Isocyanates Product Portfolio
- 6.3.5 Vencorex Recent Developments
- 6.4 BASF
- 6.4.1 BASF Company Information
- 6.4.2 BASF Business Overview
- 6.4.3 BASF Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 BASF Isocyanates Product Portfolio
- 6.4.5 BASF Recent Developments
- 6.5 Asahi Kasei
- 6.5.1 Asahi Kasei Company Information
- 6.5.2 Asahi Kasei Business Overview
- 6.5.3 Asahi Kasei Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Asahi Kasei Isocyanates Product Portfolio
- 6.5.5 Asahi Kasei Recent Developments
- 6.6 Wanhua Chemical
- 6.6.1 Wanhua Chemical Company Information
- 6.6.2 Wanhua Chemical Business Overview
- 6.6.3 Wanhua Chemical Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Wanhua Chemical Isocyanates Product Portfolio
- 6.6.5 Wanhua Chemical Recent Developments
- 6.7 Huntsman
- 6.7.1 Huntsman Company Information
- 6.7.2 Huntsman Business Overview
- 6.7.3 Huntsman Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Huntsman Isocyanates Product Portfolio
- 6.7.5 Huntsman Recent Developments
- 6.8 DOW
- 6.8.1 DOW Company Information
- 6.8.2 DOW Business Overview
- 6.8.3 DOW Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 DOW Isocyanates Product Portfolio
- 6.8.5 DOW Recent Developments
- 6.9 Tosoh
- 6.9.1 Tosoh Company Information
- 6.9.2 Tosoh Business Overview
- 6.9.3 Tosoh Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Tosoh Isocyanates Product Portfolio
- 6.9.5 Tosoh Recent Developments
- 6.10 Mitsui
- 6.10.1 Mitsui Company Information
- 6.10.2 Mitsui Business Overview
- 6.10.3 Mitsui Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Mitsui Isocyanates Product Portfolio
- 6.10.5 Mitsui Recent Developments
- 6.11 Hanwha Chemical
- 6.11.1 Hanwha Chemical Company Information
- 6.11.2 Hanwha Chemical Business Overview
- 6.11.3 Hanwha Chemical Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Hanwha Chemical Isocyanates Product Portfolio
- 6.11.5 Hanwha Chemical Recent Developments
- 6.12 GNFC
- 6.12.1 GNFC Company Information
- 6.12.2 GNFC Business Overview
- 6.12.3 GNFC Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 GNFC Isocyanates Product Portfolio
- 6.12.5 GNFC Recent Developments
- 6.13 OCI
- 6.13.1 OCI Company Information
- 6.13.2 OCI Business Overview
- 6.13.3 OCI Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 OCI Isocyanates Product Portfolio
- 6.13.5 OCI Recent Developments
- 6.14 Cangzhou Dahua
- 6.14.1 Cangzhou Dahua Company Information
- 6.14.2 Cangzhou Dahua Business Overview
- 6.14.3 Cangzhou Dahua Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Cangzhou Dahua Isocyanates Product Portfolio
- 6.14.5 Cangzhou Dahua Recent Developments
- 6.15 Gansu Yinguang
- 6.15.1 Gansu Yinguang Company Information
- 6.15.2 Gansu Yinguang Business Overview
- 6.15.3 Gansu Yinguang Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Gansu Yinguang Isocyanates Product Portfolio
- 6.15.5 Gansu Yinguang Recent Developments
- 6.16 Juli Fine Chemical
- 6.16.1 Juli Fine Chemical Company Information
- 6.16.2 Juli Fine Chemical Business Overview
- 6.16.3 Juli Fine Chemical Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.16.4 Juli Fine Chemical Isocyanates Product Portfolio
- 6.16.5 Juli Fine Chemical Recent Developments
- 6.17 Fujian Southeast Electrochemical
- 6.17.1 Fujian Southeast Electrochemical Company Information
- 6.17.2 Fujian Southeast Electrochemical Business Overview
- 6.17.3 Fujian Southeast Electrochemical Isocyanates Sales, Revenue and Gross Margin (2021-2026)
- 6.17.4 Fujian Southeast Electrochemical Isocyanates Product Portfolio
- 6.17.5 Fujian Southeast Electrochemical Recent Developments
7 North America by Country
- 7.1 North America Isocyanates Sales by Country
- 7.1.1 North America Isocyanates Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Isocyanates Sales by Country (2021-2026)
- 7.1.3 North America Isocyanates Sales Forecast by Country (2027-2032)
- 7.2 North America Isocyanates Market Size by Country
- 7.2.1 North America Isocyanates Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Isocyanates Market Size by Country (2021-2026)
- 7.2.3 North America Isocyanates Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Isocyanates Sales by Country
- 8.1.1 Europe Isocyanates Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Isocyanates Sales by Country (2021-2026)
- 8.1.3 Europe Isocyanates Sales Forecast by Country (2027-2032)
- 8.2 Europe Isocyanates Market Size by Country
- 8.2.1 Europe Isocyanates Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Isocyanates Market Size by Country (2021-2026)
- 8.2.3 Europe Isocyanates Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Isocyanates Sales by Country
- 9.1.1 Asia-Pacific Isocyanates Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Isocyanates Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Isocyanates Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Isocyanates Market Size by Country
- 9.2.1 Asia-Pacific Isocyanates Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Isocyanates Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Isocyanates Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Isocyanates Sales by Country
- 10.1.1 South America Isocyanates Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Isocyanates Sales by Country (2021-2026)
- 10.1.3 South America Isocyanates Sales Forecast by Country (2027-2032)
- 10.2 South America Isocyanates Market Size by Country
- 10.2.1 South America Isocyanates Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Isocyanates Market Size by Country (2021-2026)
- 10.2.3 South America Isocyanates Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Isocyanates Sales by Country
- 11.1.1 Middle East and Africa Isocyanates Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Isocyanates Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Isocyanates Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Isocyanates Market Size by Country
- 11.2.1 Middle East and Africa Isocyanates Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Isocyanates Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Isocyanates Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Isocyanates Value Chain Analysis
- 12.1.1 Isocyanates Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Isocyanates Production Mode & Process
- 12.2 Isocyanates Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Isocyanates Distributors
- 12.2.3 Isocyanates Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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