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Methylene Diphenyl Diisocyanate Price Trend and Forecast
Methylene Diphenyl Diisocyanate Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Methylene Diphenyl Diisocyanate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Methylene Diphenyl Diisocyanate Price Trend for the H1 of 2023
Asia
Methylene Diphenyl Diisocyanate price trends depend on the prices of feedstock aniline and formaldehyde, along with the downstream demands from the polyurethane foams industry. During the said period, the Methylene Diphenyl Diisocyanate prices observed mixed price trends. The year 2023 witnessed a little revival in the automotive and manufacturing sector after a long halt because of the Covid 19 restrictions in China and other geopolitical tensions.
A sudden surge was witnessed at the beginning of the first quarter in the presence of the limited inventory stocks. Eventually, the Methylene Diphenyl Diisocyanate prices rose continuously in the first quarter, but as the inventories started overflowing with excess supplies, the price trends turned south in the second quarter. Overall, mixed market sentiments were observed throughout.
Europe
In Europe, the Methylene Diphenyl Diisocyanate market was mostly driven by the struggling purchasing power of consumers, given the long and ongoing battle with inflation. So, as the buying sentiments altered to being centered around fulfilling necessary requirements first, the automotive and other manufacturing sectors took a backseat. As a result, the downstream demands for Methylene Diphenyl Diisocyanate remained feeble, setting the prices on a downward trajectory in the said period. Overall, bearish market sentiments were observed.
North America
The North American Methylene Diphenyl Diisocyanate market almost replicated the European price trends since growing interest rates and inflation in the American market dictated the market sentiments. The collapse of two major US banks also fueled the dull market trends. Overall, the Methylene Diphenyl Diisocyanate prices remained in a slump for the majority of the discussed period.
Analyst Insight
According to Procurement Resource, the price trends for Methylene Diphenyl Diisocyanate are expected to fluctuate in the upcoming months as the market will continue to be driven by volatile downstream demands.
Procurement Resource provides latest prices of Methylene Diphenyl Diisocyanate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Methylene Diphenyl Diisocyanate is a solid with a light-yellow tint. It is not water soluble. It may be harmful if consumed, inhaled, or absorbed via the skin. Depending on the composition of the solution and/or the nature of the material, it may or may not burn. Plastics are made with it.
Product Details
| Report Features | Details |
| Product Name | Methylene Diphenyl Diisocyanate |
| HS CODE | 39093090 |
| CAS Number | 101-68-8 |
| Industrial Uses | Production of polyurethane foams |
| Chemical Formula | C2H2 |
| Synonyms | Diphenylmethane, diisocyanate |
| Molecular Weight | 250.25 g/mol |
| Supplier Database | Tosoh Corporation (Millionate), Hexion (US), Huntsman International LLC (Rubinate), BASF SE (Germany), Redox Pty Ltd (Australia) |
| Region/Countries Covered | 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 |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-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.
Production Processes
- Production of Methylene Diphenyl Diisocyanate from Aniline and Formaldehyde
In this process, aniline and formaldehyde are reacted first in the presence of HCl as a catalyst in order to produce a mixture of diamine precursors and their corresponding polyamines. Diamines are then reacted with phosgene to form a mixture of isocyanates. Upon distillation of this mixture, oligomeric polyisocyanates, also known as polymeric MDI, along with a mixture of MDI isomers is formed. Fractionation of this mixture gives MDI.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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