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 Research
Isocyanates Industry Research Report 2026
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 quantifies the global Isocyanates market in revenue (US$ million) and, where applicable, sales volume (kt), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/kt) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Isocyanates.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Isocyanates manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Isocyanates by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Isocyanates in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Isocyanates by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 ADI
- 2.2.3 MDI
- 2.2.4 TDI
- 2.3 Isocyanates by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Polyurethane Foam
- 2.3.3 Paints & Coatings
- 2.3.4 Adhesives & Sealants
- 2.3.5 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Isocyanates Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Isocyanates Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Isocyanates Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Isocyanates Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Isocyanates Production by Manufacturers (2021-2026)
- 3.2 Global Isocyanates Production Value by Manufacturers (2021-2026)
- 3.3 Global Isocyanates Average Price by Manufacturers (2021-2026)
- 3.4 Global Isocyanates Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Isocyanates Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Isocyanates Manufacturers, Product Type & Application
- 3.7 Global Isocyanates Manufacturers Established Date
- 3.8 Global Isocyanates Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Covestro
- 4.1.1 Covestro Isocyanates Company Information
- 4.1.2 Covestro Isocyanates Business Overview
- 4.1.3 Covestro Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.1.4 Covestro Product Portfolio
- 4.1.5 Covestro Recent Developments
- 4.2 Evonik
- 4.2.1 Evonik Isocyanates Company Information
- 4.2.2 Evonik Isocyanates Business Overview
- 4.2.3 Evonik Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.2.4 Evonik Product Portfolio
- 4.2.5 Evonik Recent Developments
- 4.3 Vencorex
- 4.3.1 Vencorex Isocyanates Company Information
- 4.3.2 Vencorex Isocyanates Business Overview
- 4.3.3 Vencorex Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.3.4 Vencorex Product Portfolio
- 4.3.5 Vencorex Recent Developments
- 4.4 BASF
- 4.4.1 BASF Isocyanates Company Information
- 4.4.2 BASF Isocyanates Business Overview
- 4.4.3 BASF Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.4.4 BASF Product Portfolio
- 4.4.5 BASF Recent Developments
- 4.5 Asahi Kasei
- 4.5.1 Asahi Kasei Isocyanates Company Information
- 4.5.2 Asahi Kasei Isocyanates Business Overview
- 4.5.3 Asahi Kasei Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.5.4 Asahi Kasei Product Portfolio
- 4.5.5 Asahi Kasei Recent Developments
- 4.6 Wanhua Chemical
- 4.6.1 Wanhua Chemical Isocyanates Company Information
- 4.6.2 Wanhua Chemical Isocyanates Business Overview
- 4.6.3 Wanhua Chemical Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.6.4 Wanhua Chemical Product Portfolio
- 4.6.5 Wanhua Chemical Recent Developments
- 4.7 Huntsman
- 4.7.1 Huntsman Isocyanates Company Information
- 4.7.2 Huntsman Isocyanates Business Overview
- 4.7.3 Huntsman Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.7.4 Huntsman Product Portfolio
- 4.7.5 Huntsman Recent Developments
- 4.8 DOW
- 4.8.1 DOW Isocyanates Company Information
- 4.8.2 DOW Isocyanates Business Overview
- 4.8.3 DOW Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.8.4 DOW Product Portfolio
- 4.8.5 DOW Recent Developments
- 4.9 Tosoh
- 4.9.1 Tosoh Isocyanates Company Information
- 4.9.2 Tosoh Isocyanates Business Overview
- 4.9.3 Tosoh Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.9.4 Tosoh Product Portfolio
- 4.9.5 Tosoh Recent Developments
- 4.10 Mitsui
- 4.10.1 Mitsui Isocyanates Company Information
- 4.10.2 Mitsui Isocyanates Business Overview
- 4.10.3 Mitsui Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.10.4 Mitsui Product Portfolio
- 4.10.5 Mitsui Recent Developments
- 4.11 Hanwha Chemical
- 4.11.1 Hanwha Chemical Isocyanates Company Information
- 4.11.2 Hanwha Chemical Isocyanates Business Overview
- 4.11.3 Hanwha Chemical Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.11.4 Hanwha Chemical Product Portfolio
- 4.11.5 Hanwha Chemical Recent Developments
- 4.12 GNFC
- 4.12.1 GNFC Isocyanates Company Information
- 4.12.2 GNFC Isocyanates Business Overview
- 4.12.3 GNFC Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.12.4 GNFC Product Portfolio
- 4.12.5 GNFC Recent Developments
- 4.13 OCI
- 4.13.1 OCI Isocyanates Company Information
- 4.13.2 OCI Isocyanates Business Overview
- 4.13.3 OCI Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.13.4 OCI Product Portfolio
- 4.13.5 OCI Recent Developments
- 4.14 Cangzhou Dahua
- 4.14.1 Cangzhou Dahua Isocyanates Company Information
- 4.14.2 Cangzhou Dahua Isocyanates Business Overview
- 4.14.3 Cangzhou Dahua Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.14.4 Cangzhou Dahua Product Portfolio
- 4.14.5 Cangzhou Dahua Recent Developments
- 4.15 Gansu Yinguang
- 4.15.1 Gansu Yinguang Isocyanates Company Information
- 4.15.2 Gansu Yinguang Isocyanates Business Overview
- 4.15.3 Gansu Yinguang Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.15.4 Gansu Yinguang Product Portfolio
- 4.15.5 Gansu Yinguang Recent Developments
- 4.16 Juli Fine Chemical
- 4.16.1 Juli Fine Chemical Isocyanates Company Information
- 4.16.2 Juli Fine Chemical Isocyanates Business Overview
- 4.16.3 Juli Fine Chemical Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.16.4 Juli Fine Chemical Product Portfolio
- 4.16.5 Juli Fine Chemical Recent Developments
- 4.17 Fujian Southeast Electrochemical
- 4.17.1 Fujian Southeast Electrochemical Isocyanates Company Information
- 4.17.2 Fujian Southeast Electrochemical Isocyanates Business Overview
- 4.17.3 Fujian Southeast Electrochemical Isocyanates Production Capacity, Value and Gross Margin (2021-2026)
- 4.17.4 Fujian Southeast Electrochemical Product Portfolio
- 4.17.5 Fujian Southeast Electrochemical Recent Developments
5 Global Isocyanates Production by Region
- 5.1 Global Isocyanates Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Isocyanates Production by Region: 2021-2032
- 5.2.1 Global Isocyanates Production by Region: 2021-2026
- 5.2.2 Global Isocyanates Production Forecast by Region (2027-2032)
- 5.3 Global Isocyanates Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Isocyanates Production Value by Region: 2021-2032
- 5.4.1 Global Isocyanates Production Value by Region: 2021-2026
- 5.4.2 Global Isocyanates Production Value Forecast by Region (2027-2032)
- 5.5 Global Isocyanates Market Price Analysis by Region (2021-2026)
- 5.6 Global Isocyanates Production and Value, YOY Growth
- 5.6.1 North America Isocyanates Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Isocyanates Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Isocyanates Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Isocyanates Production Value Estimates and Forecasts (2021-2032)
6 Global Isocyanates Consumption by Region
- 6.1 Global Isocyanates Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Isocyanates Consumption by Region (2021-2032)
- 6.2.1 Global Isocyanates Consumption by Region: 2021-2026
- 6.2.2 Global Isocyanates Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Isocyanates Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Isocyanates Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Isocyanates Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Isocyanates Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Isocyanates Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Isocyanates Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Isocyanates Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Isocyanates Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Isocyanates Production by Type (2021-2032)
- 7.1.1 Global Isocyanates Production by Type (2021-2032) & (kt)
- 7.1.2 Global Isocyanates Production Market Share by Type (2021-2032)
- 7.2 Global Isocyanates Production Value by Type (2021-2032)
- 7.2.1 Global Isocyanates Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Isocyanates Production Value Market Share by Type (2021-2032)
- 7.3 Global Isocyanates Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Isocyanates Production by Application (2021-2032)
- 8.1.1 Global Isocyanates Production by Application (2021-2032) & (kt)
- 8.1.2 Global Isocyanates Production Market Share by Application (2021-2032)
- 8.2 Global Isocyanates Production Value by Application (2021-2032)
- 8.2.1 Global Isocyanates Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Isocyanates Production Value Market Share by Application (2021-2032)
- 8.3 Global Isocyanates Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Isocyanates Value Chain Analysis
- 9.1.1 Isocyanates Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Isocyanates Production Mode & Process
- 9.2 Isocyanates Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Isocyanates Distributors
- 9.2.3 Isocyanates Customers
10 Global Isocyanates Analyzing Market Dynamics
- 10.1 Isocyanates Industry Trends
- 10.2 Isocyanates Industry Drivers
- 10.3 Isocyanates Industry Opportunities and Challenges
- 10.4 Isocyanates Industry Restraints
11 Report Conclusion
12 Disclaimer
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