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The Diphenylmethane Diisocyanate (MDI) market is experiencing significant growth, driven by increasing demand across various industries such as construction, automotive, furniture, and electronics. MDI is a crucial component in the production of polyurethane (PU) foams, coatings, adhesives, sealants, and elastomers, which are valued for their durability, insulation properties, and versatility.​

Market Overview

The Diphenylmethane Diisocyanate (MDI) market was valued at approximately USD 15.33 billion in 2024. It is projected to grow from USD 16.00 billion in 2025 to USD 23.39 billion by 2034, registering a compound annual growth rate (CAGR) of around 4.3% during the forecast period from 2025 to 2034.

Key Applications and End-Use Industries

1. Construction Industry: The construction sector is the largest consumer of MDI, accounting for approximately 32% of the market share in 2024 . MDI-based rigid polyurethane foams are extensively used for insulation in buildings, contributing to energy efficiency and sustainability. The global construction market is expected to expand significantly, further driving MDI…

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