Global Methylene Diphenyl Diisocyanate (MDI) Market Size and share Worth $ 48.92 Billion By 2032, at a CAGR of 5.20 %

Methylene Diphenyl Diisocyanate (MDI) Market Size Worth $ 48.92 Billion By 2032 | CAGR: 5.20 %

The global methylene diphenyl diisocyanate (MDI) market size is expected to reach USD 48.92 billion by 2032, according to a new study by Polaris Market Research. The report “Diphenylmethane Diisocyanate (MDI) Market Share, Size, Trends, Industry Analysis Report, By Form (Pure MDI, Polymeric MDI, and Modified MDI); By End Use; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

With the drastic change in climatic conditions and rising awareness among the population towards the use of sustainable and eco-friendly products, in order to reduce their carbon footprint and keep their business afloat, the demand for MDI has been drastically increasing over the years.

The growing production of polyurethane composites, which are increasingly being used in the aerospace, automotive, and construction industries due to their lightweight, high-strength properties is also likely to create lucrative growth opportunities for players. For instance, in February 2022, Covestro, introduced its new zero carbon footprint MDI, through an ISCC Plus certified mass balance approach, that can be largely used in construction, automotive fields, and cold chains.

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below:

Furthermore, growing popularity of bio-based MDI products that are being produced from renewable resources such as biomass, which reduces reliance on fossil fuels and reduces the carbon footprint of the MDI production process, offering an opportunity for manufacturers to develop environmentally sustainable products and meet the growing demand for sustainable materials globally. For example, Green MDI, a type of bio-based MDI product derived from renewable resources like vegetable oil, offers better environmental sustainability than traditional MDI products, and is being used in industries such as construction and automotive.

Regulations and policies related to health, safety, and environmental sustainability such as emission standards, energy efficiency standards, and product labeling along with the constant economic growth and stability in production and supply across the world could influence the demand for MDI products.

Diphenylmethane Diisocyanate (MDI) Market Report Highlights

  • Polymeric acid segment held the maximum market share in 2022, which is mainly driven by growing product adoption across wide range of applications including construction and packaging
  • Construction segment accounted for maximum global market share in 2022, on account of expansion of construction sector globally and popularity of green and energy-efficient buildings
  • Flexible foam segment is projected to grow at a high CAGR during the anticipated period, mainly due to rising prevalence regarding product usage in furniture industry to make products stylish and comfortable
  • Asia Pacific region dominated the global market with substantial market share in 2022, owing to increasing awareness among people regarding the benefits of using energy-efficient materials in their buildings
  • The global key market players include The Dow Chemical Company, BASF SE, Huntsman Corporation, Bayer, TCI Chemicals, Covestro AG, and Sumitomo Chemical Company Limited

Polaris Market Research has segmented the diphenylmethane diisocyanate (MDI) market report based on form, end use, application, and region:

Methylene Diphenyl Diisocyanate (MDI), Form Outlook (Revenue - USD Billion, 2019 - 2032)

  • Pure MDI
  • Polymeric MDI
  • Modified MDI

Methylene Diphenyl Diisocyanate (MDI), End Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Construction
  • Automotive
  • Electronics and Appliances
  • Packaging
  • Furniture and Interior
  • Footwear
  • Others

Methylene Diphenyl Diisocyanate (MDI), Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Rigid Foam
  • Flexible Foam
  • Coatings
  • Elastomers
  • Adhesives
  • Sealants
  • Others

Methylene Diphenyl Diisocyanate (MDI), Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Methylene Diphenyl Diisocyanate (MDI) Market Report Scope

Report Attributes


Market size value in 2024

USD 32.57 billion

Revenue forecast in 2032

USD 48.92 billion


5.20 % from 2024 – 2032

Base year


Historical data

2021– 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million/billion and CAGR from 2024 to 2032

Segments covered

By Form, By End Use, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Wanhua Chemical Co. Ltd., BASF SE, Covestro AG, Huntsman Corporation, The Dow Chemical Company, DHALOP Chemicals, Hindustan Organic Chemicals Limited, BASF SE, Bayer, Gujarat Narmada Valley Fertilizers Limited, Sumitomo Chemical Company Limited, Jilin Connel Chemical Industry Co., Kumho Mitsui Chemicals Corporation, Merck KGaA, and TCI Chemicals Pvt. Ltd.

For Specific Research Requirements

Request for Customized Report