二苯基甲烷二異氰酸酯市場 - 全球產業規模、佔有率、趨勢、機會及預測（按類型、應用、最終用途產業、地區和競爭格局分類，2021-2031年）

全球二苯基甲烷二異氰酸酯市場預計將從 2025 年的 289.2 億美元成長到 2031 年的 427.5 億美元，複合年成長率為 6.73%。

二苯基甲烷二異氰酸酯(MDI) 是一種重要的芳香族二異氰酸酯，用於生產硬質和軟質聚氨酯泡棉，在家庭電器、汽車和建築行業中發揮著至關重要的作用。市場的主要促進因素包括：為滿足永續性法規，全球對節能建築隔熱材料的需求日益成長；以及汽車產業對輕量化零件的需求，以提高燃油效率。這種潛在需求形成了一個穩固的消費群體，其表現優於短期市場趨勢，確保了永續的商業性價值。

根據美國化學理事會 (ACC) 的數據，到 2024 年，美國建設產業將消耗 32.14 億磅聚氨酯材料，凸顯了 MDI 在隔熱材料製造中的重要作用。然而，日益嚴格的異氰酸酯暴露相關的環境和職業健康法規對市場成長構成了重大障礙。應對複雜的合規環境並遵守強制性的 MDI 處理安全通訊協定可能會推高營運成本，並抑制其在某些消費群體中的應用，從而有效地限制了整體市場潛力。

市場促進因素

推動二苯基甲烷二異氰酸酯）市場發展的關鍵因素是建築隔熱材料領域對硬質聚氨酯泡棉日益成長的需求。隨著各國政府實施更嚴格的能源效率標準以減少二氧化碳排放，建設產業擴大採用基於MDI的聚氨酯和聚異氰酸酯板材，這些板材相比傳統材料具有更優異的保溫性能。這種監管壓力正使高性能隔熱材料從可選維修轉變為商業和住宅建築的必備結構構件。金斯潘集團2024年2月發布的2023會計年度營收達81億歐元，也印​​證了全球對節能隔熱材料的持續需求。

同時，由於汽車產業的成長和減重努力，MDI（異氰酸甲酯）的消費量也在上升。製造商正在用耐用的聚氨酯複合材料取代沉重的金屬部件，並採用軟性泡沫材料來減輕車身重量。這是提高內燃機燃油效率和延長電動車續航里程的關鍵一步。根據中國汽車工業協會於2024年1月發布的《2023年汽車產銷狀況》報告，中國汽車產量達到創紀錄的3016萬輛，帶動了對聚合物基內部裝潢建材和座椅材料需求的激增。為了滿足這些不斷成長的工業需求，供應商正在提高產能。例如，萬華化學於2024年4月宣布，將把其福建工廠的產能擴大到每年80萬噸，以滿足不斷成長的全球需求。

市場挑戰

全球二苯基甲烷二異氰酸酯(MDI) 市場面臨日益嚴格的環境和職業健康標準帶來的重大挑戰，這些標準涉及異氰酸酯的暴露風險。監管機構強制要求採取嚴格的安全措施來降低健康風險，迫使製造商建立完善的安全基礎設施並提供持續的員工培訓。這些要求顯著增加了營運成本，造成了複雜的合規環境，並設置了財務障礙，擠壓了利潤空間，抑制了對生產能力的投資。

此外，這些監管限制使得MDI在消費品領域的應用受到限制，因為在這些領域，控制暴露風險是一項挑戰。不斷上漲的合規成本阻礙了下游用戶選擇MDI基產品，從而延緩了進入新應用市場的進程。面臨這些成本的產業規模龐大；根據美國化學理事會（ACC）的報告，到2024年，美國聚氨酯產業的直接產值將達到348億美元。隨著監管成本的上升，MDI面臨被監管較少的替代品取代的風險，從而限制了其整體市場成長潛力。

市場趨勢

生物回收和物料平衡認證的MDI等級產品的興起正在推動一場重大變革。製造商正努力生產過程擺脫對石化燃料的依賴，並減少範圍3排放。這一趨勢涉及將可再生生質能和回收材料納入異氰酸酯供應鏈，使家具和建設產業的下游客戶能夠在保持材料性能的同時實現永續性發展目標。例如，亨斯邁公司在2025年4月的LIGNA展會上宣布推出生物基I-BOND樹脂，這是一種新型MDI基黏合劑，生物基含量高達25%，旨在將複合木板的碳足跡降低高達30%。

另一個關鍵趨勢是快速成長的亞洲市場中的策略性產能瓶頸消除。供應商正尋求加強其供應鏈，以滿足阻燃隔熱材料和電動車等特殊應用的需求。與一般的產能擴張不同，這些有針對性的擴張旨在增加高性能單體和改性MDI等級產品的供應，這些產品是節能家電和先進的噪音、振動和聲振粗糙度（NVH）降低技術所必需的。例如，三井化學在2025年12月的新聞稿中宣布，其子公司錦湖三井化學決定將其麗水工廠的年產能擴大10萬噸，以滿足住宅和汽車行業對高品質聚氨酯材料日益成長的需求。

目錄

第1章概述

第2章調查方法

第3章執行摘要

第4章：客戶評價

第5章 全球二苯基甲烷二異氰酸酯市場展望

• 市場規模及預測
  • 按金額
• 市佔率及預測
  • 按類型（聚合物MDI、純MDI、改質MDI）
  • 依應用方式（硬質發泡體、軟質發泡體、CASE系統、其他）
  • 依最終用途行業（電子、建築施工、運輸設備、其他）
  • 按地區
  • 按公司（2025 年）
• 市場地圖

6. 北美亞二苯基甲烷二異氰酸酯市場展望

• 市場規模及預測
• 市佔率及預測
• 北美洲：國家分析
  • 美國
  • 加拿大
  • 墨西哥

7. 歐洲二苯基甲烷二異氰酸酯市場展望

• 市場規模及預測
• 市佔率及預測
• 歐洲：國家分析
  • 德國
  • 法國
  • 英國
  • 義大利
  • 西班牙

8. 亞太地區二苯基甲烷二異氰酸酯市場展望

• 市場規模及預測
• 市佔率及預測
• 亞太地區：國家分析
  • 中國
  • 印度
  • 日本
  • 韓國
  • 澳洲

9. 中東和非洲二苯基甲烷二異氰酸酯市場展望

• 市場規模及預測
• 市佔率及預測
• 中東和非洲：國家分析
  • 沙烏地阿拉伯
  • 阿拉伯聯合大公國
  • 南非

10. 南美亞二苯基甲烷二異氰酸酯市場展望

• 市場規模及預測
• 市佔率及預測
• 南美洲：國家分析
  • 巴西
  • 哥倫比亞
  • 阿根廷

第11章 市場動態

• 促進要素
• 任務

第12章 市場趨勢與發展

• 併購
• 產品發布
• 最新進展

第13章 全球二苯基甲烷二異氰酸酯市場：SWOT分析

第14章：波特五力分析

• 產業競爭
• 新進入者的可能性
• 供應商電力
• 顧客權力
• 替代品的威脅

第15章 競爭格局

• Wanhua Chemical Group Co. Ltd.
• Covestro AG
• DowDuPont Inc.
• Kumho Mitsui Chemicals Inc.
• Tosoh Corporation
• BASF SE
• Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
• Wanhua-BorsodChem
• Sadara Chemical Company

第16章 策略建議

第17章：關於研究公司及免責聲明

The Global Methylene Diphenyl Diisocyanate market is projected to expand from USD 28.92 Billion in 2025 to USD 42.75 Billion by 2031, reflecting a compound annual growth rate (CAGR) of 6.73%. Methylene Diphenyl Diisocyanate (MDI) acts as a crucial aromatic diisocyanate used to manufacture both rigid and flexible polyurethane foams, which serve vital roles across the appliance, automotive, and construction industries. Primary market drivers include the escalating global requirement for energy-efficient building insulation to comply with sustainability mandates and the automotive industry's need for lightweight parts to improve fuel efficiency. These fundamental demands create a reliable consumption baseline that overrides fleeting market trends, securing a strong basis for enduring commercial value.

Data from the American Chemistry Council indicates that in 2024, the United States building and construction industry consumed 3.214 billion pounds of polyurethane materials, underscoring the critical function of MDI in manufacturing thermal insulation. Nevertheless, market growth faces a substantial hurdle in the form of increasingly strict environmental and occupational health regulations concerning isocyanate exposure. Navigating this complicated compliance environment and adhering to compulsory safety protocols for MDI handling can drive up operating expenses and curb its application in specific consumer-oriented sectors, effectively constraining the market's broader potential.

Market Driver

A major catalyst for the Methylene Diphenyl Diisocyanate market is the growing demand for rigid polyurethane foam used in building thermal insulation. With governments implementing tighter energy efficiency standards to reduce carbon emissions, the construction industry is progressively utilizing MDI-based polyurethane and polyisocyanurate boards, which provide better thermal resistance than conventional alternatives. This regulatory pressure is shifting high-performance insulation from being a mere optional enhancement to a required structural element for commercial and residential retrofits alike. Evidence of this sustained global need for energy-conserving insulation can be seen in the Kingspan Group's '2023 Preliminary Results' from February 2024, which reported revenues of 8.1 billion EUR.

Simultaneously, MDI consumption is being reinforced by growth in the automotive sector and initiatives aimed at vehicle lightweighting. Manufacturers are increasingly substituting heavy metal parts with durable polyurethane composites and employing flexible foams to decrease vehicle weight, a vital step for enhancing combustion engine fuel economy and extending the range of electric vehicles. The '2023 Automotive Production and Sales' report by the China Association of Automobile Manufacturers in January 2024 noted that Chinese vehicle production hit a record 30.16 million units, driving a spike in demand for polymer-based interiors and seating. In response to these expanding industrial needs, suppliers are ramping up operations; for instance, Wanhua Chemical announced in April 2024 that it expanded the production capacity of its Fujian plant to 800,000 tons annually to satisfy rising global demand.

Market Challenge

The Global Methylene Diphenyl Diisocyanate (MDI) market encounters a significant hurdle arising from increasingly strict environmental and occupational health standards regarding isocyanate exposure. Authorities are mandating stringent safety measures to lower health risks, requiring manufacturers to establish comprehensive safety infrastructure and provide ongoing employee training. These requirements significantly raise operational costs and result in a complicated compliance environment that serves as a financial impediment, squeezing profit margins and hindering investment in production capabilities.

Furthermore, such regulatory constraints limit the application of MDI in consumer-oriented sectors where managing exposure risks proves challenging. The elevated costs associated with compliance discourage downstream users from selecting MDI-based products, thereby retarding market entry into new applications. The magnitude of the industry facing these costs is considerable; the American Chemistry Council reported that the United States polyurethanes industry generated $34.8 billion in direct output in 2024. As the costs of meeting regulations increase, MDI faces the danger of losing competitiveness to alternative materials that face fewer restrictions, effectively curbing the overall growth potential of the market.

Market Trends

A significant transformation is underway with the rise of bio-circular and mass-balance certified MDI grades, as manufacturers work to separate production from fossil fuel dependency and cut Scope 3 emissions. This trend involves incorporating renewable biomass and recycled content into the isocyanate supply chain, enabling downstream clients in the furniture and construction industries to meet sustainability goals while maintaining material performance. For example, in an April 2025 announcement regarding the launch of bio-based I-BOND resins at LIGNA, Huntsman introduced new MDI-based binders containing up to 25% bio-based material, designed to reduce the carbon footprint of composite wood panels by as much as 30%.

Another key trend is strategic capacity debottlenecking within rapidly growing Asian markets, where suppliers are aiming to fortify supply chains for specialized uses such as fire-retardant insulation and electric vehicles. Rather than general capacity increases, these focused expansions aim to boost the supply of high-performance monomeric and modified MDI grades needed for energy-efficient appliances and advanced noise, vibration, and harshness (NVH) reduction. Illustrating this trend, Mitsui Chemicals announced in a December 2025 news release that its affiliate, Kumho Mitsui Chemicals, decided to expand its Yeosu plant by 100,000 tons annually to meet the escalating demand for superior polyurethane materials in the housing and automotive sectors.

Key Market Players

• Wanhua Chemical Group Co. Ltd.
• Covestro AG
• DowDuPont Inc.
• Kumho Mitsui Chemicals Inc.
• Tosoh Corporation
• BASF SE
• Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
• Wanhua-BorsodChem
• Sadara Chemical Company

Report Scope

In this report, the Global Methylene Diphenyl Diisocyanate market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Methylene Diphenyl Diisocyanate market, By Type

• Polymeric MDI
• Pure MDI & Modified MDI

Methylene Diphenyl Diisocyanate market, By Application Type

• Rigid Foams
• Flexible Foams
• CASE Systems & Others

Methylene Diphenyl Diisocyanate market, By End-use Industry

• Electronic Appliances
• Building & Construction
• Transportation & Others

Methylene Diphenyl Diisocyanate market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Methylene Diphenyl Diisocyanate market.

Available Customizations:

Global Methylene Diphenyl Diisocyanate market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Methylene Diphenyl Diisocyanate market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Polymeric MDI, Pure MDI & Modified MDI)
  • 5.2.2. By Application Type (Rigid Foams, Flexible Foams, CASE Systems & Others)
  • 5.2.3. By End-use Industry (Electronic Appliances, Building & Construction, Transportation & Others)
  • 5.2.4. By Region
  • 5.2.5. By Company (2025)
• 5.3. Market Map

6. North America Methylene Diphenyl Diisocyanate market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Application Type
  • 6.2.3. By End-use Industry
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Methylene Diphenyl Diisocyanate market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Application Type
      • 6.3.1.2.3. By End-use Industry
  • 6.3.2. Canada Methylene Diphenyl Diisocyanate market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Application Type
      • 6.3.2.2.3. By End-use Industry
  • 6.3.3. Mexico Methylene Diphenyl Diisocyanate market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Application Type
      • 6.3.3.2.3. By End-use Industry

7. Europe Methylene Diphenyl Diisocyanate market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Application Type
  • 7.2.3. By End-use Industry
  • 7.2.4. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Methylene Diphenyl Diisocyanate market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Application Type
      • 7.3.1.2.3. By End-use Industry
  • 7.3.2. France Methylene Diphenyl Diisocyanate market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Application Type
      • 7.3.2.2.3. By End-use Industry
  • 7.3.3. United Kingdom Methylene Diphenyl Diisocyanate market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Application Type
      • 7.3.3.2.3. By End-use Industry
  • 7.3.4. Italy Methylene Diphenyl Diisocyanate market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Application Type
      • 7.3.4.2.3. By End-use Industry
  • 7.3.5. Spain Methylene Diphenyl Diisocyanate market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Application Type
      • 7.3.5.2.3. By End-use Industry

8. Asia Pacific Methylene Diphenyl Diisocyanate market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Application Type
  • 8.2.3. By End-use Industry
  • 8.2.4. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Methylene Diphenyl Diisocyanate market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Application Type
      • 8.3.1.2.3. By End-use Industry
  • 8.3.2. India Methylene Diphenyl Diisocyanate market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Application Type
      • 8.3.2.2.3. By End-use Industry
  • 8.3.3. Japan Methylene Diphenyl Diisocyanate market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Application Type
      • 8.3.3.2.3. By End-use Industry
  • 8.3.4. South Korea Methylene Diphenyl Diisocyanate market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Application Type
      • 8.3.4.2.3. By End-use Industry
  • 8.3.5. Australia Methylene Diphenyl Diisocyanate market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Application Type
      • 8.3.5.2.3. By End-use Industry

9. Middle East & Africa Methylene Diphenyl Diisocyanate market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Application Type
  • 9.2.3. By End-use Industry
  • 9.2.4. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Methylene Diphenyl Diisocyanate market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Application Type
      • 9.3.1.2.3. By End-use Industry
  • 9.3.2. UAE Methylene Diphenyl Diisocyanate market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Application Type
      • 9.3.2.2.3. By End-use Industry
  • 9.3.3. South Africa Methylene Diphenyl Diisocyanate market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Application Type
      • 9.3.3.2.3. By End-use Industry

10. South America Methylene Diphenyl Diisocyanate market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Application Type
  • 10.2.3. By End-use Industry
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Methylene Diphenyl Diisocyanate market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Application Type
      • 10.3.1.2.3. By End-use Industry
  • 10.3.2. Colombia Methylene Diphenyl Diisocyanate market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Application Type
      • 10.3.2.2.3. By End-use Industry
  • 10.3.3. Argentina Methylene Diphenyl Diisocyanate market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Application Type
      • 10.3.3.2.3. By End-use Industry

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Methylene Diphenyl Diisocyanate market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Wanhua Chemical Group Co. Ltd.
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Covestro AG
• 15.3. DowDuPont Inc.
• 15.4. Kumho Mitsui Chemicals Inc.
• 15.5. Tosoh Corporation
• 15.6. BASF SE
• 15.7. Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
• 15.8. Wanhua-BorsodChem
• 15.9. Sadara Chemical Company

16. Strategic Recommendations

17. About Us & Disclaimer