ISOCYANATES MARKET ANALYSIS

Market News

Key Development

Several key players are focused on developing organic and inorganic growth strategies such as capacity expansion, new product launch and partnership with other companies, in order to enhance their presence. For instance,

• In February 2011, Wanhua Industrial, the chemical company based in China, merged with BorsodChem, producer of TDI, MDI, PVC resins and other specialty chemicals based in Europe, to form isocyanate manufacturing. According to Wanhua, through this merger, they expands their isocyanate production at Kazincbarcinka and aimed to become the leading isocyanate producer in Europe.
• In June 2012, a Swedish chemical company Perstorp form a joint venture with PTT Global Chemical and form VENCOREX Holding, which is dedicated in sales and manufacturing of products for the polyurethane (PU) industry such as aliphatic isocyanates and toluene diisocyanate (TDI).
• In December 2015, Showa Denko K.K. launched grade of isocyanate monomer, Karenz AOI, (2- acryloyloxyethylisocyanate), used as different type of resists applicable to production processes of electronics.