How Big Is the Isocyanate Market | Growth & Size 2031

Q: What is the market size of the Isocyanate market in 2025 and 2031?

The Isocyanate market was expected to be valued at approximately USD 35.7 billion in 2025 and is projected to reach around USD 44.1 billion by 2031.

Q: What is the CAGR of the Isocyanate market between 2025 and 2031?

The Isocyanate market is anticipated to grow at a CAGR of 4.50% during the forecast period.

Q: What are the key trends in the Isocyanate market?

Key trends of Isocyanate market include the shift toward eco-friendly and bio-based isocyanates, rising demand for energy-efficient insulation materials.

Q: What are the main drivers of the Isocyanate market?

The Isocyanate market is driven by growing demand in the construction and automotive sectors, expansion of polyurethane-based applications.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA7036

Publication Date: Aug 2025

What is the Isocyanate Market Size?

According to 6Wresearch internal database and industry insights, the Global Isocyanate Market was valued at USD 35.7 billion in 2024 and is anticipated to exceed USD 44.1billion by 2031, registering a steady CAGR of 4.50% during the forecast period.

The isocyanate market is experiencing steady growth, driven by increasing demand from various end-use industries such as construction, automotive, and electronics. Isocyanates are widely used in the production of polyurethane foams, coatings, adhesives, and elastomers, among other applications.

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Major Growth Factors of the Isocyanate Market

Rising demand for polyurethane in insulation and construction
Growth in the automotive and transportation sectors
Increasing applications in furniture and bedding
Advancements in isocyanate formulations and processing technologies
Shift toward bio-based and low-emission isocyanates
Expanding industrialization in developing economies
Strong demand from paints, coatings, and adhesives industries
Urbanization and infrastructure development projects

Isocyanate Market Trends

The isocyanate market is estimated to have increased interest in low-VOC and sustainable formulations in response to regulations and sustainability goals. Manufacturers are focusing on bio-based isocyanates and other factors that increase the longevity and efficiency of products. The increase in energy-efficient buildings and automotive lightweighting are also helping to drive demand.

Emerging Developments in the Isocyanate Market

The isocyanate market is undergoing prominent developments, including the introduction of bio-based TDI and MDI variants and collaborations between chemical companies to enhance production technologies. R&D investments are aimed at reducing toxicity and improving performance characteristics, while regulatory compliance is pushing innovation across various segments.