Diphenylmethane Diisocyanate Market Size, Trends, Growth Factors, Regional Segment Revenue Analysis, 2021–2028
The global Diphenylmethane Diisocyanate (MDI) market size was USD 28.26 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period, according to latest analysis by Emergen Research. Growing adoption of diphenylmethane diisocyanate in the construction industry is the key factor driving market revenue growth. Rising growth of the construction sector across the world creates high demand for MDI, which is used for production of rigid polyurethane foam and has a wide application in the construction industry. It is used in insulated panels, roof installation, and filling gaps around windows and doors. Rigid polyurethane foams, such as spray, pour-in-place, and one-component foams, can be used to fill gaps and cover complex shapes. Rigid polyurethane foam has significant environmental benefits including increased energy efficiency and lower construction load. The construction industry is booming across the world, especially in the U.S., C...