The Isocyanate Market size was valued at USD 33.69 Billion in 2024 and the total Isocyanate revenue is expected to grow at a CAGR of 5.7% from 2025 to 2032, reaching nearly USD 52.49 Billion.Isocyanate Market Overview:
Isocyanate is an organic compound made by reacting phosgene and amines with water to form molecules containing the isocyanate group (-NCO). It's a highly reactive chemical made from crude oil, propylene, toluene, aniline, and benzene as raw components. Aliphatic isocyanate, methylene diphenyl diisocyanate (MDI), and toluene diisocyanate (TDI) are some of the most common isocyanates. They're mostly used to make polyurethane (PU)-based foams, paints & coatings, sealants & adhesives, binders & elastomers, and they're used in a variety of industries like construction, automotive, healthcare, furniture, and aerospace.To know about the Research Methodology :- Request Free Sample Report
Isocyanate Market Dynamics:
Rising demand for isocyanates in the polyurethanes industries and construction end-use segments, resulting in worldwide isocyanates market growth. For example, spray polyurethane foam is used as an insulator and specialized packing material, and its high demand in both packaging and construction applications around the world has driven the isocyanates market's growth. Isocyanates can be used to lower the weight of a vehicle's exterior, which has a global demand in the automobile manufacturing company. Automobiles with less weight can save energy while lowering emissions. Thus, increasing demand for isocyanates from the polyurethane and automobile industry respectively is driving the market growth for isocyanate globally. Isocyanates are known to cause a variety of occupational health problems, including skin irritation, dyspnoea, and asthma if exposed for long periods. As per the OSHA (The Occupational Safety and Health Administration), a permitted exposure level of 20 ppb for MDI (Methylene diphenyl di-isocyanate) and additional technical guidance for dealing with exposure. Phosgene, which is used in the manufacture of isocyanates, is harmful to the environment and poses major health hazards to humans. Thus, major factors limiting the market growth for isocyanates are the environmental and health issues linked with them. Since crude oil is commonly used to manufacture isocyanates, and its pricing on the global market varies the amount in the scope of production, the development of bio-based isocyanates is expected to create lucrative growth opportunities for the key players in the market and further drive market growth over the forecast period.Isocyanate Market Segment Analysis:
Based on Type, the global Isocyanate market is segmented into four types as follows, MDI, TDI, Aliphatic, and others. In 2024, the MDI segment was dominant and held xx% of the overall market share. It is expected to continue its dominance in the market by growing with a CAGR of xx% over the forecast period. For the manufacture of diphenylmethane diamine aniline (MDA), formaldehyde is used. MDI is a phosgene treatment product developed by MDA. It is primarily used in the production of rigid foam. MDI is expected to drive growth in the coming years as a result of its use in coolers, freezers, in the electronics sector, and the manufacturing of seat and car interiors in the automobile sector. Based on Application, the global Isocyanate market is segmented into five types as follows, Binders & Elastomers, Paints & Coatings, Sealants & Adhesives, Rigid & Flexible Foams, and Others. In 2024, the Rigid & Flexible Foams segment was dominant and held xx% of the overall market share and it is expected to grow at a CAGR of xx% over the forecast period. In the cushioning, bedding, furniture, and packaging industries, these foams are frequently used to support market growth for isocyanates. Coatings are used to protect against corrosion and UV radiation. In the construction sector, comprehensive adhesives and screeners are expected to drive global market expansion during the forecast period. Over the forecasted period, Paints & Coatings are expected to maintain their market share. Based on End-Use Industry, the global Isocyanate market is segmented into five types as follows, Automobile, Building & Construction, Electronics, Furniture, Healthcare, and Others. In 2024, the Building & Construction segment was dominant and held xx% of the overall market share and it is expected to continue its dominance by growing at a CAGR of xx% over the forecast period. Isocyanates are used in a variety of domestic, commercial, and industrial applications, and it is the largest end-user industry for the isocyanates market. The use of rigid PU foam as wall and roof insulation, insulated panels, and gap fillers for the space between doors and windows is one of the most common uses of isocyanates. The promotion of zero-energy buildings is an important driver for the PU market, driving the Isocyanates market as well. Many buildings in Asia are improperly insulated, specifically in growing markets such as Southeast Asia, China, and India, indicating huge growth potential for thermal insulation materials in buildings. Longer-term demand is expected to increase in all regions, with particular strength in South America and Asia, where big infrastructure and construction projects are planned. As a result of the factors mentioned, the building and construction industry is expected to dominate the market over the forecast period.Isocyanate Market Regional Insights:
In 2024, Asia Pacific was the dominant region and held the highest share xx% of the global isocyanate market. It is also expected to grow with the highest CAGR of xx% over the forecast period. China is the world's leading manufacturer and user of polyurethane products in Asia-Pacific. MDI is mainly used in China for polyurethanes and related products, which are widely used in the production of rigid and flexible foam. Polyurethane is also used in the automotive, furniture and interior design, and footwear sectors. The MDI market is expected to grow at a CAGR of xx% during the forecast period, thanks to the development of these industries throughout the forecast period. With the increasing middle class, rising personal incomes, and increased urbanization, polyurethane is seeing growth opportunities, supported by significant infrastructure developments in India. As a result, the Asia-Pacific region is expected to dominate the market over the forecast period. North America is expected to see low demand throughout the forecast period, owing to growing regulatory involvement by agencies such as the US Environmental Protection Agency (EPA) on MDI and TDI (Toluene di-isocyanate)-related environmental and health concerns. Europe is expected to develop at a slower pace due to various rigorous environmental restrictions and limited development in end-use sectors. The objective of the report is to present a comprehensive analysis of the global Isocyanate market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Isocyanate market dynamics, structure by analyzing the market segments and project the global Isocyanate market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Isocyanate market make the report investor’s guide.Isocyanate Market Scope: Inquire before buying
Isocyanate Market Report Coverage Details Base Year: 2024 Forecast Period: 2025-2032 Historical Data: 2019 to 2024 Market Size in 2024: USD 33.69 Bn. Forecast Period 2025 to 2032 CAGR: 5.7% Market Size in 2032: USD 52.49 Bn. Segments Covered: by Type MDI TDI Aliphatic Others by Application Binders & Elastomers Paints & Coatings Sealants & Adhesives Rigid & Flexible Foams Others by End-use Industry Automotive Building & Construction Electronics Furniture Healthcare Others Isocyanate Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Isocyanate Market Key Players
1 Asahi Kasei Corp. 2 Mitsui Chemicals Inc. 3 Tosoh Corporation 4 Bayer Material Science 5 BASF SE 6 Covestro AG 7 Dow Inc. 8 Evonik Industries AG 9 Gujarat Narmada Valley Fertilizers & Chemicals Ltd. 10 Huntsman Corp. 11 Lanxess AG 12 Vencorex 13 Wanhua Chemical Group Co. Ltd. 14 Chemtura Corporation 15 Kumho Mitsui Chemicals Inc. 16 OthersFrequently Asked Questions:
1. What is the forecast period considered for the market report? Ans. The forecast period for the market is 2025-2032. 2. Which key factors are hindering the growth of the Isocyanate market? Ans. The environmental and health concerns associated with the use of isocyanate is the key factor expected to hinder the growth of the Isocyanate market over the forecast period. 3. What is the compound annual growth rate (CAGR) of the Isocyanate market for the next 6 years? Ans. The global Isocyanate market is expected to grow at a CAGR of 5.7% during the forecast period (2025-2032). 4. What was the Global Isocyanate Market size in 2024? Ans: The Global Isocyanate Market size was USD 33.69 Billion in 2024.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Isocyanate Market Size, by Market Value (US $Bn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2024 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Isocyanate Market 3.4. Geographical Snapshot of the Isocyanate Market, By Manufacturer share 4. Global Isocyanate Market Overview, 2024-2032 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. The threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Isocyanate Market 5. Supply Side and Demand Side Indicators 6. Global Isocyanate Market Analysis and Forecast, 2024-2032 6.1. Global Isocyanate Products Market Size & Y-o-Y Growth Analysis. 7. Global Isocyanate Market Analysis and Forecasts, 2024-2032 7.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 7.1.1. MDI 7.1.2. TDI 7.1.3. Aliphatic 7.1.4. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 7.2.1. Binders & Elastomers 7.2.2. Paints & Coatings 7.2.3. Sealants & Adhesives 7.2.4. Rigid & Flexible Foams 7.2.5. Others 7.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 7.3.1. Automotive 7.3.2. Building & Construction 7.3.3. Electronics 7.3.4. Furniture 7.3.5. Healthcare 7.3.6. Others 8. Global Isocyanate Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2024-2032 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Isocyanate Market Analysis and Forecasts, 2024-2032 9.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 9.1.1. MDI 9.1.2. TDI 9.1.3. Aliphatic 9.1.4. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 9.2.1. Binders & Elastomers 9.2.2. Paints & Coatings 9.2.3. Sealants & Adhesives 9.2.4. Rigid & Flexible Foams 9.3. Others Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 9.3.1. Automotive 9.3.2. Building & Construction 9.3.3. Electronics 9.3.4. Furniture 9.3.5. Healthcare 9.3.6. Others 10. North America Isocyanate Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2024-2032 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Isocyanate Market Analysis and Forecasts, 2024-2032 11.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 11.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 11.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 12. Canada Isocyanate Market Analysis and Forecasts, 2024-2032 12.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 12.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 12.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 13. Mexico Isocyanate Market Analysis and Forecasts, 2024-2032 13.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 13.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 13.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 14. Europe Isocyanate Market Analysis and Forecasts, 2024-2032 14.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 14.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 14.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 15. Europe Isocyanate Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2024-2032 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Isocyanate Market Analysis and Forecasts, 2024-2032 16.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 16.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 16.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 17. France Isocyanate Market Analysis and Forecasts, 2024-2032 17.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 17.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 17.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 18. Germany Isocyanate Market Analysis and Forecasts, 2024-2032 18.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 18.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 18.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 19. Italy Isocyanate Market Analysis and Forecasts, 2024-2032 19.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 19.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 19.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 20. Spain Isocyanate Market Analysis and Forecasts, 2024-2032 20.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 20.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 20.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 21. Sweden Isocyanate Market Analysis and Forecasts, 2024-2032 21.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 21.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 21.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 22. CIS Countries Isocyanate Market Analysis and Forecasts, 2024-2032 22.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 22.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 22.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 23. Rest of Europe Isocyanate Market Analysis and Forecasts, 2024-2032 23.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 23.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 23.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 24. Asia Pacific Isocyanate Market Analysis and Forecasts, 2024-2032 24.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 24.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 24.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 25. Asia Pacific Isocyanate Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2024-2032 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Isocyanate Market Analysis and Forecasts, 2024-2032 26.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 26.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 26.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 27. India Isocyanate Market Analysis and Forecasts, 2024-2032 27.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 27.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 27.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 28. Japan Isocyanate Market Analysis and Forecasts, 2024-2032 28.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 28.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 28.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 29. South Korea Isocyanate Market Analysis and Forecasts, 2024-2032 29.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 29.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 29.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 30. Australia Fungicide Market Analysis and Forecasts, 2024-2032 30.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 30.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 30.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 31. ASEAN Isocyanate Market Analysis and Forecasts, 2024-2032 31.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 31.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 31.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 32. Rest of Asia Pacific Isocyanate Market Analysis and Forecasts, 2024-2032 32.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 32.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 32.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 33. Middle East Africa Isocyanate Market Analysis and Forecasts, 2024-2032 33.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 33.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 33.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 34. Middle East Africa Isocyanate Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2024-2032 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Isocyanate Market Analysis and Forecasts, 2024-2032 35.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 35.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 35.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 36. GCC Countries Isocyanate Market Analysis and Forecasts, 2024-2032 36.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 36.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 36.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 37. Egypt Isocyanate Market Analysis and Forecasts, 2024-2032 37.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 37.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 37.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 38. Nigeria Isocyanate Market Analysis and Forecasts, 2024-2032 38.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 38.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 38.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 39. Rest of ME&A Isocyanate Market Analysis and Forecasts, 2024-2032 39.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 39.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 39.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 40. South America Isocyanate Market Analysis and Forecasts, 2024-2032 40.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 40.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 40.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 41. South America Isocyanate Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2024-2032 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Isocyanate Market Analysis and Forecasts, 2024-2032 42.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 42.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 42.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 43. Argentina Isocyanate Market Analysis and Forecasts, 2024-2032 43.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 43.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 43.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 44. Rest of South America Isocyanate Market Analysis and Forecasts, 2024-2032 44.1. Market Size (Value) Estimates & Forecast By Type, 2024-2032 44.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 44.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2024-2032 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Isocyanate Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Application, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Asahi Kasei Corp. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Mitsui Chemicals Inc. 45.3.3. Tosoh Corporation 45.3.4. Bayer Material Science 45.3.5. BASF SE 45.3.6. Covestro AG 45.3.7. Dow Inc. 45.3.8. Evonik Industries AG 45.3.9. Gujarat Narmada Valley Fertilizers & Chemicals Ltd. 45.3.10. Huntsman Corp. 45.3.11. Lanxess AG 45.3.12. Vencorex 45.3.13. Wanhua Chemical Group 45.3.14. Chemtura Corporation 45.3.15. Kumho Mitsui Chemicals Inc. 45.3.16. Others 46. Primary Key Insights
