Published on: March 23, 2020
Hexamethylene diisocyanate (HDI) is a component in coatings, adhesives, and automotive paints, and is therefore used in numerous industries, including as automotive, aerospace, and furniture. The hexamethylene diisocyanate market has seen steady growth driven by demand for high-performance coatings and adhesive products.
The market is expected to continue to grow steadily in the coming years, driven by increasing demand for coatings and adhesive applications across industries. Despite temporary disruptions due to the pandemic, the market continues to expand, with manufacturers focusing on technological advancements and innovative products.
Trends in the HDI market include a growing preference for environmentally friendly coatings, advancements in technology for enhanced performance, and the increasing use of HDI in automotive and aircraft paints for superior weathering and scratch resistance.
The automotive industry's demand for high-quality paints, technological developments leading to improved coating systems, and the increasing customer preferences for durable and weather-resistant interior furniture products are all contributing to the HDI market’s growth.
Challenges facing the HDI market include price fluctuations of raw materials, the hazardous nature of HDI as a toxic compound leading to skin irritation and respiratory problems, and concerns regarding the shortage of workers and business closures impacting production and supply chains. However, the development of innovative products with enhanced properties such as weathering resistance, scratch resistance, and water resistance is also creating opportunities within the market. Technological developments and advancements in coating systems present avenues for market growth and differentiation.
Technavio’s market research on this industry provides a detailed analysis of the market landscape, providing data on product types, regional markets, sales channels, and more.
Our hexamethylene diisocyanate market segmentation covers topics such as:
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC leads the global hexamethylene diisocyanate market, as the region has a strong manufacturing base as well as high domestic demand and supportive policies. China is a key country in this region, and the adhesives industry is one of the leading consumers in the market.
Technavio's hexamethylene diisocyanate industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our hexamethylene diisocyanate market reports include:
In order to provide you with a comprehensive view of the hexamethylene diisocyanate industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
1.How do I identify key trends in the hexamethylene diisocyanate market?
Technavio’s market research reports provide an analysis of current trends and how they are affecting the market. We also identify market drivers and challenges to help you discover opportunities and avoid pitfalls.
2.How do I decide which segments of the hexamethylene diisocyanate market to focus on?
Every Technavio report includes detailed segmentation insights, breaking down the market in terms of product type, geography, sales channels, and more. And if you’re looking for something a little more specific, our Custom Research Solutions can tailor any report to meet your unique needs.
3.Who are the major players in the hexamethylene diisocyanate market?
We provide detailed profiles on the biggest competitors in the market, including data such as business divisions, product offerings, and news. Our reports also include an overview of the competitive landscape as a whole, including the risks and opportunities that it presents.
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