The Growth of the Construction Industry Driving the Demand for Isocyanates
London, May 11, 2018: The increasing demand from the construction industry due to rise in infrastructural development in regions such as APAC and South America increases the demand for paints, which is a major end-product of isocyanates. This will consequently result in the overall market growth of isocyanates.
SpendEdge’s latest procurement research report on the global isocyanates market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the chemicals, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“The construction industry contributed to nearly 34%–36% of the global isocyanates consumption in 2017, which makes it a major end-user industry. Isocyanates are mainly used in this industry for applications including paints, adhesives, flooring, furnishing, and sealants for wooden furniture.” – Bhuvaneshwari Udayakumar, chemicals expert at SpendEdge.
Buyers often face challenges related to the high toxicity of isocyanates, which leads to increase in the toxicity of end-products. The high toxicity of end-products leads to delay or denial of products in the market by government authorities. This consequently results in low sales of buyers’ products.
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This procurement report on the isocyanates market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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