Goldman Raises Oil Forecast
Goldman Sachs lifted its December and 2027 oil price forecasts amid heightened supply disruption risk from Russia-Ukraine and Middle East conflicts. The bank now expects higher prices, reflecting a stronger risk premium.
Hexamethylene Diisocyanate Price Trend Analysis 2026: Market Insights, Price Drivers, Supply Demand Analysis, Latest News & Historical Prices
Written ByUdeesha Tomar
Hexamethylene Diisocyanate Latest Development
Oil Prices Rise, Fueling Inflation Concerns
Crude oil prices are rising, adding pressure to domestic inflation. The volatility is expected to continue influencing commodity market trends.
Hexamethylene Diisocyanate Price Trend H2 2025
Asia
In the second half of 2025, Hexamethylene Diisocyanate (HDI) prices in Asia followed a weak yet stable trend. Demand from coatings, construction, and industrial applications stayed limited, especially in China and parts of Southeast Asia. Slower construction activity and cautious spending reduced affected the market sentiment. Oversupply concerns persisted as producers continued operating plants despite modest demand growth. Buyers preferred short-term purchases and avoided stockpiling, which kept trading activity low. Improved availability of upstream raw materials helped control production costs, but this did not support price growth due to weak buying interest.
Europe
In Europe, HDI prices remained under pressure during H2’25 due to subdued downstream demand. The automotive and industrial coatings sectors showed limited recovery, affected by economic uncertainty and reduced manufacturing activity. Seasonal slowdowns during the summer months further weakened consumption in early H2. Trade challenges and weaker export opportunities also restricted market movement. Even though energy and logistics conditions were more stable compared to earlier periods, demand levels were not strong enough to support price increases. As a result, the European market stayed mostly balanced but soft.
North America
In North America, HDI prices showed a soft trend during the second half of 2025. Demand from construction and industrial coatings remained slow, while buyers continued to operate with lean inventories. Oversupply in related chemical chains and cautious purchasing behaviour limited any upward price movement. Some producers adjusted supply strategies to manage margins, while downstream customers delayed purchases amid uncertain demand outlooks. Feedstock availability improved, helping producers control costs, but competitive market conditions prevented meaningful price gains.
Analyst Insight
According to Procurement Resource, HDI prices are expected to remain stable in the near term, with recovery depending on stronger demand from construction, automotive, and coatings sectors across regions.
Related Report
Need Latest Hexamethylene Diisocyanate Prices?
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Our Clients
Procurement Resource Database
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
Asia
HDI prices in the Asia-Pacific region showed a mixed trend throughout the first half of 2025. In Q1, prices rose in January due to steady production and better feedstock supply. However, weak demand in automotive and construction, especially in China, led to a price drop in February.
After the Lunar New Year, stockpiles increased, keeping prices under pressure. In Q2, demand remained moderate in Southeast Asia, but China’s sluggish recovery and subdued property sector kept overall consumption low. Supply remained stable, but market sentiment stayed cautious due to inconsistent end-use sector performance.
Europe
In Europe, HDI prices were highly volatile in H1’25. Q1 began with a price surge due to limited raw material availability, geopolitical risks, and weather-related energy strain. But mid-quarter saw sharp declines as labor strikes, port congestion, and external trade tensions disrupted logistics.
In March, recovery began as production stabilized and demand from the automotive sector, especially EVs, picked up. In Q2, strong downstream demand from polyurethane applications in construction and automotive helped prices rebound further. However, supply chain issues, including port delays and rerouted shipments, kept supply tight and contributed to firm pricing.
North America
North American HDI prices showed a generally bullish trend in H1’25. Q1 faced weather-related production issues and shipping delays, but strong demand from automotive and construction industries supported pricing. In Q2, consistent offtakes and growing interest in electric vehicles continued to push demand. Although feedstock costs were relatively stable, freight and operational challenges added to the pricing pressure, keeping the market firm.
About Hexamethylene Diisocyanate
Hexamethylene diisocyanate (HDMI) is a clear liquid with no colour. Because of its exceptional characteristics, HDMI is a significant chemical building block in the manufacturing of high-value-added polyurethane.
Hexamethylene Diisocyanate Product Detail
Chemical Formula
C8H12N2O2
Molecular Weight
168.19 g/mol
Industrial Uses
Paints, Adhesives
Synonyms
1,6-Diisocyanatohexane, 1,6-Hexamethylene diisocyanate, HMDI
Supplier Database
Bayer, Vencorex, BASF SE, Asahi Kasei Corporation, Tosoh, WANHUA, Merck KGaA, Chemtura/Lanxess, Mitsui Chemicals
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Hexamethylene Diisocyanate Production Processes
- Hexamethylene Diisocyanate Production from HMDA & Chlorine
Hexamethylenediamine (HMDA) and chlorine are used to make hexamethylene diisocyanate. Chlorine and carbon monoxide react to produce phosphogene. The acquired phosgene is reacted with HMDA, and HDI is generated as a by-product with hydrogen chloride.
Frequently Asked Questions
The current HDI outlook points to broadly stable prices in the near term, with recovery contingent on stronger demand from construction, automotive, and coatings sectors across those key regions. Subdued downstream activity, cautious buyer behaviour, and oversupply in related chemical chains have kept sentiment soft in Asia, Europe, and North America. Improved feedstock availability has helped producers manage costs, but weak buying interest has prevented any meaningful price gains. A sustained upturn would require firmer end-market consumption and tighter supply management from producers.
HDI prices are shaped by weak downstream demand across coatings, construction, and automotive sectors in key regions, which suppresses buying interest and limits price gains. Oversupply can persist when producers continue operating plants despite modest demand, creating competitive pressure. Improved upstream raw material availability helps control production costs, but this relief does not always translate into price support. In Europe, seasonal summer slowdowns and trade challenges can further restrict movement, while in North America, lean buyer inventories and delayed purchase decisions compound the soft trend.
The major HDI producers are Covestro AG, Wanhua Chemical Group, Vencorex S.A.S., Asahi Kasei Corporation, and BASF SE, with Tosoh Corporation, Lanxess AG, and Mitsui Chemicals among other suppliers. Production is concentrated among a small number of manufacturers, creating meaningful supply concentration risk. Consumption spans North America, Europe, and Asia Pacific, where coatings, construction, and automotive sectors drive demand. Strict phosgene regulations further constrain supply flexibility.
HDI is produced by reacting hexamethylenediamine (HMDA) with phosgene, made from chlorine and carbon monoxide. HMDA derives from petroleum-based feedstocks including benzene, formaldehyde, cyclohexane, and adipic acid, while phosgene pricing is sensitive to chlorine and carbon monoxide costs. An alternative route uses HMDA with urea, alcohol, or carbonate. Finished HDI is consumed as a polyurethane polymerizing agent in marine and aerospace coatings, a hardener in automotive and aircraft enamels, and in dental materials, medical devices, plastics, synthetic rubber, adhesives, wire insulation, and rocket fuel binders.
HDI demand is driven primarily by the paints and coatings, automotive, aerospace, construction, and adhesives industries, where it acts as a polymerizing agent and hardener in polyurethane and enamel coatings. Soft activity in construction and automotive tends to suppress buying interest across Asia, Europe, and North America, keeping prices muted even when feedstock costs are well controlled. Recovery in any of these sectors would tighten spot availability and support firmer pricing.
Procurement Resource assesses hexamethylene diisocyanate prices through a structured, data-driven methodology that combines primary engagement with producers, suppliers and traders, secondary market data, continuous monitoring of feedstock and input costs, trade-flow and inventory tracking, and exchange or spot benchmarks. These inputs are validated and translated into a transparent price assessment and outlook. The detailed methodology is available on the Procurement Resource website.
Our Price Analysis Methodology
About the Author
Udeesha Tomar
AVP - Strategy and Solutions
Leading procurement research solutions across chemicals, materials, and food & beverages, with expertise in price forecasting and market analytics.
Schedule A Demo
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
Other Related Reports
Hexamethylenediamine Production from Hydrogenation
This report shows the cost structure of hexamethylenediamine production from the hydrogenation process.
Hexamethylene Diisocyanate Production from HMDA
The report is the cost analysis of production method of hexamethylene diisocyanate from hexamethylene diamine (HMDA)
Hexamethylenediamine Manufacturing Plant Project Report 2026: Cost Analysis, ROI, and Feasibility Insights
Hexamethylenediamine Manufacturing Plant Project Report thoroughly focuses on every detail that encompasses the cost of manufacturing. Our extensive cost model meticulously covers breaking down expenses around raw materials, labour, technology, and manufacturing expenses. This enables precise cost structure optimization and helps in identifying effective strategies to reduce the overall cash cost of manufacturing.
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply–demand dynamics and capacity-driven market analysis
Related News
View All.webp&w=1080&q=75)
Why Procurement Database
Commodity Market Intelligence
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Price Forecasts & Market Outlooks
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Cost & Procurement Optimization
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Global & Regional Market Insights
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
1/4