Vietnam Isocyanates Import Research Report 2024: Top Countries Analysis 2021-2024 and Forecasts 2024-2033 [Yahoo! Finance]
MITSUI CHEMICALS UNSP/ADR (MITUY)
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Company Research
Source: Yahoo! Finance
The publisher analyzes that the upstream industries for isocyanates mainly include petrochemical raw materials such as benzene and toluene, which are transformed through complex chemical reactions to produce isocyanate monomers. The downstream industries include polyurethane manufacturing, which covers a wide range of products such as foams, coatings, adhesives, elastomers, and fibers. Isocyanates are extensively used across these sectors, encompassing nearly all products related to polyurethane. The global isocyanate industry is highly concentrated, with major producers including BASF, Covestro, Dow Chemical, Huntsman, Mitsui Chemicals, and Tosoh Corporation. With the development and industrialization of Vietnam, downstream industries for isocyanates, such as chemicals and plastics, are growing rapidly, leading to an increasing market size for isocyanates in Vietnam. Benefiting from government support, chemical industry capacity transfers, and lower production costs, Vietnam's
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