M-Xylylene Diisocyanate (XDI) Producers and M-Xylylene Diisocyanate (XDI) Market Trend
Date : 2022-02-15
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M-Xylylene diisocyanate (XDI, CAS Number: 3634-83-1) is an organic isocyanate compound as a raw material for polyurethane-based materials, polyurea-based materials, and polyisocyanurate-based materials in chemical, resin, and paint industries. It is excellent optical properties with highly refractive and does not turn yellow.
From 2017 to 2022, the global market size of XDI grows from 88.9 million USD to 228.3 million USD with a CAGR of 20.8% driven by market expansion by new market players. The global market size of XDI is expected to reach 330.5 million USD by 2027, with a CAGR of 7.7% from 2022 to 2027.
Mitsui Chemicals is the sole commercial manufacturer of XDI before 2020. Hanwha Solutions and Gansu Yinguang start commercial production of XDI. The XDI production capacity of Mitsui Chemicals is 5,000 tons. Hanwha’s capacity is 1,200 tons and Gansu Yinguang’s capacity is 500 tons.
