Name: Hexamethylene Diisocyanate (HDI) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Creator: IMARC Group
License: https://www.imarcgroup.com/privacy-policy
Keywords: Hexamethylene Diisocyanate (HDI) Price Trend, Hexamethylene Diisocyanate (HDI) Prices

Hexamethylene Diisocyanate (HDI) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112025A23225

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Hexamethylene Diisocyanate (HDI) Prices December 2023

Product	Category	Region	Price
Hexamethylene Diisocyanate (HDI)	Petrochemicals	Germany	4587 USD/MT

The prices in the Germany for Q4 2023 reached 4587 USD/MT in December. The market saw declining prices, driven by sluggish demand and a preference for bio-based alternatives. The manufacturing slowdown, coupled with ample supply and stable shipping rates, further weakened market conditions, especially in the polyurethane segment. The housing market slowdown further diminished demand for related products, sustaining a bearish market trend.

Hexamethylene Diisocyanate (HDI) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Hexamethylene Diisocyanate (HDI) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of hexamethylene diisocyanate (HDI) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of hexamethylene diisocyanate (HDI) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of hexamethylene diisocyanate (HDI) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing hexamethylene diisocyanate (HDI) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Hexamethylene Diisocyanate (HDI) Price Trend

Hexamethylene Diisocyanate (HDI) Market Analysis

The global hexamethylene diisocyanate (HDI) market size reached 263.4 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 421.4 Thousand Tons, at a projected CAGR of 5.40% during 2023-2032.

The medical sector is utilizing hexamethylene diisocyanate (HDI) to manufacture medical devices due to its biocompatibility and superior performance characteristics. Polyurethanes made from HDI are crucial in manufacturing medical devices like catheters, surgical instruments, and wound dressings. These items offer exceptional mechanical properties, flexibility, and the ability to resist sterilization, making them crucial for different medical applications. In 2023, the surgical equipment market had a total value of US$ 18.7 billion. Based on the assessment of IMARC Group, the market is expected to develop at a compound annual growth rate (CAGR) of 6.37% between 2024 and 2032, reaching US$ 33.0 billion by 2032. Besides this, the ongoing progress in developing medical polyurethane formulas for enhancing the performance and safety of medical equipment, is leading to a higher need for HDI.
The US Census Bureau projected that the population of individuals aged 65 and above will grow by 47%, reaching 82 million by 2050 from 58 million in 2022. It was also forecasted that the proportion of individuals in this age group as part of the total population will increase from 17% to 23%. The elderly population typically needs more frequent and advanced medical attention, leading to a demand for top-notch materials in medical devices that employ HDI.
A study conducted by the Centre for Science and Environment (CSE) found that India experienced frequent extreme weather events on a near-daily basis during the first nine months of 2023. India faced extreme weather on most of the days from January to September 2023, showing its vulnerability to climate change. HDI-based polyurethanes are widely utilized in vehicle and aircraft coatings due to their exceptional durability, ultraviolet (UV) resistance, and attractive aesthetic characteristics. The increasing production and sale of vehicles and airplanes globally is driving the demand for strong coatings that can endure harsh environmental conditions.
HDI is used in making artificial leather because it can produce long-lasting, pliable, and sturdy materials. Synthetic leather made with HDI technology imitates the features of real leather but with improved durability against damage. Moreover, synthetic leather made using the HDI process is frequently cheaper and more eco-friendly than real leather, making it a preferred choice in various sectors.

Hexamethylene Diisocyanate (HDI) News

The report covers the latest developments, updates, and trends impacting the global hexamethylene diisocyanate (HDI) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in hexamethylene diisocyanate (HDI) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the hexamethylene diisocyanate (HDI) price trend.

Latest developments in the hexamethylene diisocyanate (HDI) industry:

March 2023: Covestro broadened its range of circular economy offerings by achieving ISCC PLUS certification for its Baytown location in Texas, becoming the biggest operational facility in North and South America to earn this recognition. This certification enables Covestro to provide sustainable products such as hexamethylene diisocyanate (HDI) to buyers globally.

Product Description

Hexamethylene diisocyanate (HDI) is an important aliphatic diisocyanate that is a transparent, thin liquid commonly utilized in making polyurethane coatings, adhesives, and elastomers. It is produced by the reaction between hexamethylene diamine and phosgene. It is available in three primary derivatives, including HDI biuret, HDI isocyanurate, and HDI trimer, each with distinct characteristics suited for various uses.

HDI is acknowledged for its ability to improve the quality of polyurethane items, especially in coatings that need to be long-lasting and able to withstand various environmental elements like ultraviolet (UV) radiation, moisture, and chemicals. Its aliphatic composition offers better protection when compared to aromatic isocyanates, which makes it ideal for use in transparent coatings and finishes. It enhances the mechanical attributes of polyurethane products, such as strength, malleability, and resistance to wear. It also improves the durability and visual attractiveness of coatings utilized in automotive, aerospace, industrial, and architectural sectors.

Regional Coverage

The report provides a detailed analysis of the hexamethylene diisocyanate (HDI) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the hexamethylene diisocyanate (HDI) price trend.

Global Hexamethylene Diisocyanate (HDI) Price

The report offers a holistic view of the global hexamethylene diisocyanate (HDI) pricing trends in the form of hexamethylene diisocyanate (HDI) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into hexamethylene diisocyanate (HDI) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into hexamethylene diisocyanate (HDI) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed hexamethylene diisocyanate (HDI) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Hexamethylene Diisocyanate (HDI) Price

During Q4 2023, there was a decrease in the European market due to a drop in demand for polyurethane products. At the start of the quarter, an increase in the accessibility of bio-based options, combined with an excess supply, led to a decrease in demand from buyers. Despite consistent shipping costs, manufacturing activity decreased as reported by the Manufacturing PMI data. At the close of the quarter, economic instability caused a decrease in the furniture market, resulting in a decreased need for polyurethane foams. As a result, there was a sustained surplus of HDI inventories and minimal consumption rates, causing a further decrease in the market.

This analysis can be extended to include detailed hexamethylene diisocyanate (HDI) price information for a comprehensive list of countries.

Region	Countries Covered
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, among other European countries.

North America Hexamethylene Diisocyanate (HDI) Price

During the last quarter of 2023, the North American market experienced a decline, primarily caused by decreased demand and stagnant production within the polyurethane sector. The early decline in demand in the automotive industry was caused by reduced manufacturing activity due to the UAW strike. The market was further impacted by stable political tensions leading to falling prices of Butadiene and crude oil. Midway through the quarter, cargo rates dropped owing to low water levels in key shipping routes, which resulted in an increase in HDI inventories domestically. The market remained inactive due to the rise of bio-based replacements and careful consumer spending, resulting in consistently low prices.

Specific hexamethylene diisocyanate (HDI) historical data within the United States and Canada can also be provided.

Region	Countries Covered
North America	United States and Canada

Middle East and Africa Hexamethylene Diisocyanate (HDI) Price

The report explores the hexamethylene diisocyanate (HDI) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on hexamethylene diisocyanate (HDI) prices for countries can also be provided.

Region	Countries Covered
Middle East & Africa	Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.

Asia Pacific Hexamethylene Diisocyanate (HDI) Price

Limited demand from downstream sectors and reduced manufacturing operations continued to depress the Asia-Pacific market for hexamethylene diisocyanate (HDI) in Q4 2023. Lower crude oil prices and weakened global economic conditions led to a decrease in upstream butadiene prices at the beginning of the quarter. With the onset of winter, there was a decrease in regional demand for polyurethane products, due to slow consumption in the automotive and manufacturing industries. Even though there was a small increase in HDI demand from the wood furniture market towards the end of the quarter, the market conditions as a whole continued to be poor. Continued reduction of inventory and weak consumption continued to push prices down.

This hexamethylene diisocyanate (HDI) price analysis can be expanded to include a comprehensive list of countries within the region.

Region	Countries Covered
Asia Pacific	China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Latin America Hexamethylene Diisocyanate (HDI) Price

The analysis of hexamethylene diisocyanate (HDI) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Region	Countries Covered
Latin America	Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.

Report Coverage

Key Attributes	Details
Product Name	Hexamethylene Diisocyanate (HDI)
Report Features	Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Hexamethylene Diisocyanate (HDI) Price Analysis, and Segment-Wise Assessment.
Currency/Units	US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered	The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers	Company Overview Business Description Product Portfolio Recent Trends and Developments
Customization Scope	The report can be customized as per the requirements of the customer
Report Price and Purchase Option	Plan A: Monthly Updates - Annual Subscription Scope Historical Data for the Current Month Forecast for Next Month Total Deliverables Per Year: 12 (One Per Month) Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year Plan B: Quarterly Updates - Annual Subscription Scope Historical Data for the Current Quarter Forecast for Next Quarter Total Deliverables Per Year: 4 (One Per Quarter) Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year Plan C: Biannually Updates - Annual Subscription Scope Historical Data for the Current Half Forecast for the Next Half Total Deliverables Per Year: 2 (One Per 6 Months) Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
Post-Sale Analyst Support	360-degree analyst support after report delivery
Delivery Format	PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

IMARC’s report presents a detailed analysis of hexamethylene diisocyanate (HDI) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
The study examines factors affecting hexamethylene diisocyanate (HDI) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The hexamethylene diisocyanate (HDI) price charts ensure our clients remain at the forefront of the industry.

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