The isocyanates market is predicted to rise healthily in the coming five years. It is expected to achieve a size of almost USD 38, 730 million by the end of the projected period. High requirement from rising and present applications is propelling the isocyanates market ahead.
Technological advancements and requirement from developing markets also drive this market. The industries of automotives and construction are the main consumers of isocyanates. These industries are in the process of expansion. This is estimated to accentuate the requirement for isocyanates and derivatives based on them.
The isocynates market is studied on the basis of utilization and income. Soaring costs of raw materials and large spendings in research and development hamper further development of the worldwide isocyanates market.