According to 99Strategy, the Global Polyisocyanates Market is estimated to reach xxx million USD in 2020 and projected to grow at the CAGR of xx% during the 2021-2026. The report analyses the global Polyisocyanates market, the market size and growth, as well as the major market participants.
The analysis includes market size, upstream situation, market segmentation, market segmentation, price & cost and industry environment. In addition, the report outlines the factors driving industry growth and the description of market channels.The report begins from overview of industrial chain structure, and describes the upstream. Besides, the report analyses market size and forecast in different geographies, type and end-use segment, in addition, the report introduces market competition overview among the major companies and companies profiles, besides, market price and channel features are covered in the report.
Key Regions
Asia Pacific
North America
Europe
South America
Middle East & Africa
Key Product Type
Aromatic Polyisocyanate
Aliphatic Polyisocyanate
Others
Market by Application
Coating
Adhesive
PU Foam
Others
Main Aspects covered in the Report
Overview of the Polyisocyanates market including production, consumption, status & forecast and market growth
2016-2020 historical data and 2021-2026 market forecast
Geographical analysis including major countries
Overview the product type market including development
Overview the end-user market including development
Impact of Coronavirus on the Industry
Table of Content
1 Industrial Chain Overview
1.1 Polyisocyanates Industry
1.1.1 Overview
Figure Polyisocyanates Picture List
1.1.2 Characteristics of Polyisocyanates
1.2 Upstream
1.2.1 Major Materials
1.2.2 Manufacturing Overview
1.3 Product List By Type
1.3.1 Aromatic Polyisocyanate
1.3.2 Aliphatic Polyisocyanate
1.3.3 Others
1.4 End-Use List
1.4.1 Demand in Coating
1.4.2 Demand in Adhesive
1.4.3 Demand in PU Foam
1.4.4 Demand in Others
1.5 Global Market Overview
1.5.1 Global Market Size and Forecast, 2016-2026
Figure Global Market Size and Forecast with Growth Rate, 2016-2026
1.5.2 Global Market Size and Forecast by Geography with CAGR, 2016-2026
Table Global Market Size and Forecast by Geography with Growth Rate, 2016-2026
1.5.3 Global Market Size and Forecast by Product Type with CAGR, 2016-2026
Table Global Market Size and Forecast by Type with Growth Rate, 2016-2026
1.5.4 Global Market Size and Forecast by End-Use with CAGR, 2016-2026
Table Global Market Size and Forecast by End-Use with Growth Rate, 2016-2026
2 Global Production & Consumption by Geography
2.1 Global Production & Consumption
2.1.1 Global Production
Figure Global Production Volume Status and Growth Rate, 2016-2020, in Volume
Table Global Production Volume Status and Growth Rate by Geography, 2016-2020, in Volume
Figure Global Production Amount Status and Growth Rate, 2016-2020, in Million USD
Table Global Production Amount Status and Growth Rate by Geography, 2016-2020, in Million USD
2.1.2 Global Consumption
Figure Global Market Volume and Growth Rate, 2016-2020, in Volume
Table Global Market Volume and Growth Rate by Geography, 2016-2020, in Volume
Figure Global Market Amount and Growth Rate, 2016-2020, in Million USD
Table Global Market Amount and Growth Rate by Geography, 2016-2020, in Million USD
2.2 Geographic Production & Consumption
2.2.1 Production
2.2.1.1 Asia-Pacific
Figure Asia-Pacific Production Volume Status and Growth Rate, 2016-2020, in Volume
Table Asia-Pacific Production Volume Status and Growth Rate by Region, 2016-2020, in Volume
Figure Asia-Pacific Production Amount Status and Growth Rate, 2016-2020, in Million USD
Table Asia-Pacific Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
2.2.1.2 North America
Figure North America Production Volume Status and Growth Rate, 2016-2020, in Volume
Table North America Production Volume Status and Growth Rate by Region, 2016-2020, in Volume
Figure North America Production Amount Status and Growth Rate, 2016-2020, in Million USD
Table North America Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
2.2.1.3 South America
Figure South America Production Volume Status and Growth Rate, 2016-2020, in Volume
Table South America Production Volume Status and Growth Rate by Region, 2016-2020, in Volume
Figure South America Production Amount Status and Growth Rate, 2016-2020, in Million USD
Table South America Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
2.2.1.4 Europe
Figure Europe Production Volume Status and Growth Rate, 2016-2020, in Volume
Table Europe Production Volume Status and Growth Rate by Region, 2016-2020, in Volume
Figure Europe Production Amount Status and Growth Rate, 2016-2020, in Million USD
Table Europe Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
2.2.1.5 Middle East & Africa
Figure Middle East & Africa Production Volume Status and Growth Rate, 2016-2020, in Volume
Table Middle East & Africa Production Volume Status and Growth Rate by Region, 2016-2020, in Volume
Figure Middle East & Africa Production Amount Status and Growth Rate, 2016-2020, in Million USD
Table Middle East & Africa Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
2.2.2 Consumption
2.2.2.1 Asia-Pacific
Figure Asia-Pacific Market Volume and Growth Rate, 2016-2020, in Volume
Table Asia-Pacific Market Volume and Growth Rate by Region, 2016-2020, in Volume
Figure Asia-Pacific Market Amount and Growth Rate, 2016-2020, in Million USD
Table Asia-Pacific Market Amount and Growth Rate by Region, 2016-2020, in Million USD
2.2.2.2 North America
Figure North America Market Volume and Growth Rate, 2016-2020, in Volume
Table North America Market Volume and Growth Rate by Region, 2016-2020, in Volume
Figure North America Market Amount and Growth Rate, 2016-2020, in Million USD
Table North America Market Amount and Growth Rate by Region, 2016-2020, in Million USD
2.2.2.3 South America
Figure South America Market Volume and Growth Rate, 2016-2020, in Volume
Table South America Market Volume and Growth Rate by Region, 2016-2020, in Volume
Figure South America Market Amount and Growth Rate, 2016-2020, in Million USD
Table South America Market Amount and Growth Rate by Region, 2016-2020, in Million USD
2.2.2.4 Europe
Figure Europe Market Volume and Growth Rate, 2016-2020, in Volume
Table Europe Market Volume and Growth Rate by Region, 2016-2020, in Volume
Figure Europe Market Amount and Growth Rate, 2016-2020, in Million USD
Table Europe Market Amount and Growth Rate by Region, 2016-2020, in Million USD
2.2.2.5 Middle East & Africa
Figure Middle East & Africa Market Volume and Growth Rate, 2016-2020, in Volume
Table Middle East & Africa Market Volume and Growth Rate by Region, 2016-2020, in Volume
Figure Middle East & Africa Market Amount and Growth Rate, 2016-2020, in Million USD
Table Middle East & Africa Market Amount and Growth Rate by Region, 2016-2020, in Million USD
3 Major Manufacturers Introduction
3.1 Manufacturers Overview
Table Major Manufacturers Headquarters and Contact Information
Table Major Manufacturers Capacity List in 2018
3.2 Manufacturers List
3.2.1 Covestro AG Overview
Table Covestro AG Overview List
3.2.1.1 Product Specifications
3.2.1.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin)
Table Polyisocyanates Business Operation of Covestro AG (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
3.2.1.3 Recent Developments
3.2.1.4 Future Strategic Planning
3.2.2 BASF Overview
Table BASF Overview List
3.2.2.1 Product Specifications
3.2.2.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin)
Table Polyisocyanates Business Operation of BASF (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
3.2.2.3 Recent Developments
3.2.2.4 Future Strategic Planning
3.2.3 Sea Chief Group(Johnson Fine Chemical) Overview
Table Sea Chief Group(Johnson Fine Chemical) Overview List
3.2.3.1 Product Specifications
3.2.3.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin)
Table Polyisocyanates Business Operation of Sea Chief Group(Johnson Fine Chemical) (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
3.2.3.3 Recent Developments
3.2.3.4 Future Strategic Planning
3.2.4 DIC Corporation(Color & Comfort) Overview
Table DIC Corporation(Color & Comfort) Overview List
3.2.4.1 Product Specifications
3.2.4.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin)
Table Polyisocyanates Business Operation of DIC Corporation(Color & Comfort) (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
3.2.4.3 Recent Developments
3.2.4.4 Future Strategic Planning
3.2.5 Vencorex Overview
Table Vencorex Overview List
3.2.5.1 Product Specifications
3.2.5.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin)
Table Polyisocyanates Business Operation of Vencorex (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
3.2.5.3 Recent Developments
3.2.5.4 Future Strategic Planning
3.2.6 Mitsui Chemicals Overview
Table Mitsui Chemicals Overview List
3.2.6.1 Product Specifications
3.2.6.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin)
Table Polyisocyanates Business Operation of Mitsui Chemicals (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
3.2.6.3 Recent Developments
3.2.6.4 Future Strategic Planning
3.2.7 Tosoh Specialty Chemicals Overview
Table Tosoh Specialty Chemicals Overview List
3.2.7.1 Product Specifications
3.2.7.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin)
Table Polyisocyanates Business Operation of Tosoh Specialty Chemicals (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
3.2.7.3 Recent Developments
3.2.7.4 Future Strategic Planning
3.2.8 Doxu Chemicals Overview
Table Doxu Chemicals Overview List
3.2.8.1 Product Specifications
3.2.8.2 Business Data (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Margin)
Table Polyisocyanates Business Operation of Doxu Chemicals (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
3.2.8.3 Recent Developments
3.2.8.4 Future Strategic Planning
4 Market Competition Pattern
4.1 Market Size and Sketch
Figure Global Market Size and Growth Rate, 2016-2020, in Volume
Figure Global Market Size and Growth Rate, 2016-2020, in Million USD
Figure Global Competition Sketch Overview
4.2 Company Market Share
4.2.1 Global Production by Major Manufacturers
Table Global Production Volume List by Manufacturers, 2016-2020, in Volume
Table Global Production Volume Share List by Manufacturers, 2016-2020, in Volume
Figure Global Production Volume Share by Manufacturers in 2020, in Volume
Table Global Production Amount List by Manufacturers, 2016-2020, in Million USD
Table Global Production Amount Share List by Manufacturers, 2016-2020, in Million USD
Figure Global Production Amount Share by Manufacturers in 2020, in Million USD
4.2.2 Market Concentration Analysis
4.3 Market News and Trend
4.3.1 Merger & Acquisition
4.3.2 New Product Launch
5 Product Type Segment
5.1 Global Overview by Product Type Segment
Table Global Market Status and Growth Rate by Product Type Segment, 2016-2020, in Million USD
Table Global Market Status and Growth Rate by Product Type Segment 2016-2020, in Volume
5.2 Segment Subdivision by Product Type
5.2.1 Market in Aromatic Polyisocyanate
5.2.1.1 Market Size
Figure Global Market Amount and Growth Rate in Aromatic Polyisocyanate, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in Aromatic Polyisocyanate, 2016-2020, in Volume
5.2.1.2 Situation & Development
5.2.2 Market in Aliphatic Polyisocyanate
5.2.2.1 Market Size
Figure Global Market Amount and Growth Rate in Aliphatic Polyisocyanate, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in Aliphatic Polyisocyanate, 2016-2020, in Volume
5.2.2.2 Situation & Development
5.2.3 Market in Others
5.2.3.1 Market Size
Figure Global Market Amount and Growth Rate in Others, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in Others, 2016-2020, in Volume
5.2.3.2 Situation & Development
6 End-Use Segment
6.1 Global Overview by End-Use Segment
Table Global Market Status and Growth Rate by End-Use Segment, 2016-2020, in Million USD
Table Global Market Status and Growth Rate by End-Use Segment 2016-2020, in Volume
6.2 Segment Subdivision
6.2.1 Market in Coating
6.2.1.1 Market Size
Figure Global Market Amount and Growth Rate in Coating, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in Coating, 2016-2020, in Volume
6.2.1.2 Situation & Development
6.2.2 Market in Adhesive
6.2.2.1 Market Size
Figure Global Market Amount and Growth Rate in Adhesive, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in Adhesive, 2016-2020, in Volume
6.2.2.2 Situation & Development
6.2.3 Market in PU Foam
6.2.3.1 Market Size
Figure Global Market Amount and Growth Rate in PU Foam, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in PU Foam, 2016-2020, in Volume
6.2.3.2 Situation & Development
6.2.4 Market in Others
6.2.4.1 Market Size
Figure Global Market Amount and Growth Rate in Others, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in Others, 2016-2020, in Volume
6.2.4.2 Situation & Development
7 Market Forecast & Trend
7.1 Regional Forecast
Table Global Market Forecast by Region Segment 2021-2026, in Million USD
Table Global Market Forecast by Region Segment 2021-2026, in Volume
7.2 Consumption Forecast
7.2.1 Product Type Forecast
Table Global Market Amount by Product Type Segment 2021-2026, in Million USD
Table Global Market Volume by Product Type Segment 2021-2026, in Volume
7.2.2 End-Use Forecast
Table Global Market Amount by End-Use Segment 2021-2026, in Million USD
Table Global Market Volume by End-Use Segment 2021-2026, in Volume
7.3 Investment Trend
7.4 Consumption Trend
8 Price & Channel
8.1 Price and Cost
8.1.1 Price
8.1.2 Cost
Figure Cost Component Ratio
8.2 Channel Segment
9 Market Drivers & Investment Environment
9.1 Market Drivers
9.2 Investment Environment
9.3 Impact of Coronavirus on the Polyisocyanates Industry
9.3.1 Impact on Industry Upstream
9.3.2 Impact on Industry Downstream
9.3.3 Impact on Industry Channels
9.3.4 Impact on Industry Competition
9.3.5 Impact on Industry Employment
10 Research Conclusion
List of Tables
List of Table
Table Global Market Size and Forecast by Geography with Growth Rate, 2016-2026
Table Global Market Size and Forecast by Type with Growth Rate, 2016-2026
Table Global Market Size and Forecast by End-Use with Growth Rate, 2016-2026
Table Global Production Volume Status and Growth Rate by Geography, 2016-2020, in Volume
Table Global Production Amount Status and Growth Rate by Geography, 2016-2020, in Million USD
Table Global Market Volume and Growth Rate by Geography, 2016-2020, in Volume
Table Global Market Amount and Growth Rate by Geography, 2016-2020, in Million USD
Table Asia-Pacific Production Volume Status and Growth Rate by Region, 2016-2020, in Volume
Table Asia-Pacific Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
Table North America Production Volume Status and Growth Rate by Region, 2016-2020, in Volume
Table North America Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
Table South America Production Volume Status and Growth Rate by Region, 2016-2020, in Volume
Table South America Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
Table Europe Production Volume Status and Growth Rate by Region, 2016-2020, in Volume
Table Europe Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
Table Middle East & Africa Production Volume Status and Growth Rate by Region, 2016-2020, in Volume
Table Middle East & Africa Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
Table Asia-Pacific Market Volume and Growth Rate by Region, 2016-2020, in Volume
Table Asia-Pacific Market Amount and Growth Rate by Region, 2016-2020, in Million USD
Table North America Market Volume and Growth Rate by Region, 2016-2020, in Volume
Table North America Market Amount and Growth Rate by Region, 2016-2020, in Million USD
Table South America Market Volume and Growth Rate by Region, 2016-2020, in Volume
Table South America Market Amount and Growth Rate by Region, 2016-2020, in Million USD
Table Europe Market Volume and Growth Rate by Region, 2016-2020, in Volume
Table Europe Market Amount and Growth Rate by Region, 2016-2020, in Million USD
Table Middle East & Africa Market Volume and Growth Rate by Region, 2016-2020, in Volume
Table Middle East & Africa Market Amount and Growth Rate by Region, 2016-2020, in Million USD
Table Major Manufacturers Headquarters and Contact Information
Table Major Manufacturers Capacity List in 2018
Table Covestro AG Overview List
Table Polyisocyanates Business Operation of Covestro AG (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
Table BASF Overview List
Table Polyisocyanates Business Operation of BASF (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
Table Sea Chief Group(Johnson Fine Chemical) Overview List
Table Polyisocyanates Business Operation of Sea Chief Group(Johnson Fine Chemical) (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
Table DIC Corporation(Color & Comfort) Overview List
Table Polyisocyanates Business Operation of DIC Corporation(Color & Comfort) (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
Table Vencorex Overview List
Table Polyisocyanates Business Operation of Vencorex (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
Table Mitsui Chemicals Overview List
Table Polyisocyanates Business Operation of Mitsui Chemicals (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
Table Tosoh Specialty Chemicals Overview List
Table Polyisocyanates Business Operation of Tosoh Specialty Chemicals (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
Table Doxu Chemicals Overview List
Table Polyisocyanates Business Operation of Doxu Chemicals (Production Volume (Volume), Production Amount (Million USD), Price, Cost, Gross Margin)
Table Global Production Volume List by Manufacturers, 2016-2020, in Volume
Table Global Production Volume Share List by Manufacturers, 2016-2020, in Volume
Table Global Production Amount List by Manufacturers, 2016-2020, in Million USD
Table Global Production Amount Share List by Manufacturers, 2016-2020, in Million USD
Table Global Market Status and Growth Rate by Product Type Segment, 2016-2020, in Million USD
Table Global Market Status and Growth Rate by Product Type Segment 2016-2020, in Volume
Table Global Market Status and Growth Rate by End-Use Segment, 2016-2020, in Million USD
Table Global Market Status and Growth Rate by End-Use Segment 2016-2020, in Volume
Table Global Market Forecast by Region Segment 2021-2026, in Million USD
Table Global Market Forecast by Region Segment 2021-2026, in Volume
Table Global Market Amount by Product Type Segment 2021-2026, in Million USD
Table Global Market Volume by Product Type Segment 2021-2026, in Volume
Table Global Market Amount by End-Use Segment 2021-2026, in Million USD
Table Global Market Volume by End-Use Segment 2021-2026, in Volume
List of Figures
List of Figure
Figure Polyisocyanates Picture List
Figure Global Market Size and Forecast with Growth Rate, 2016-2026
Figure Global Production Volume Status and Growth Rate, 2016-2020, in Volume
Figure Global Production Amount Status and Growth Rate, 2016-2020, in Million USD
Figure Global Market Volume and Growth Rate, 2016-2020, in Volume
Figure Global Market Amount and Growth Rate, 2016-2020, in Million USD
Figure Asia-Pacific Production Volume Status and Growth Rate, 2016-2020, in Volume
Figure Asia-Pacific Production Amount Status and Growth Rate, 2016-2020, in Million USD
Figure North America Production Volume Status and Growth Rate, 2016-2020, in Volume
Figure North America Production Amount Status and Growth Rate, 2016-2020, in Million USD
Figure South America Production Volume Status and Growth Rate, 2016-2020, in Volume
Figure South America Production Amount Status and Growth Rate, 2016-2020, in Million USD
Figure Europe Production Volume Status and Growth Rate, 2016-2020, in Volume
Figure Europe Production Amount Status and Growth Rate, 2016-2020, in Million USD
Figure Middle East & Africa Production Volume Status and Growth Rate, 2016-2020, in Volume
Figure Middle East & Africa Production Amount Status and Growth Rate, 2016-2020, in Million USD
Figure Asia-Pacific Market Volume and Growth Rate, 2016-2020, in Volume
Figure Asia-Pacific Market Amount and Growth Rate, 2016-2020, in Million USD
Figure North America Market Volume and Growth Rate, 2016-2020, in Volume
Figure North America Market Amount and Growth Rate, 2016-2020, in Million USD
Figure South America Market Volume and Growth Rate, 2016-2020, in Volume
Figure South America Market Amount and Growth Rate, 2016-2020, in Million USD
Figure Europe Market Volume and Growth Rate, 2016-2020, in Volume
Figure Europe Market Amount and Growth Rate, 2016-2020, in Million USD
Figure Middle East & Africa Market Volume and Growth Rate, 2016-2020, in Volume
Figure Middle East & Africa Market Amount and Growth Rate, 2016-2020, in Million USD
Figure Global Market Size and Growth Rate, 2016-2020, in Volume
Figure Global Market Size and Growth Rate, 2016-2020, in Million USD
Figure Global Competition Sketch Overview
Figure Global Production Volume Share by Manufacturers in 2020, in Volume
Figure Global Production Amount Share by Manufacturers in 2020, in Million USD
Figure Global Market Amount and Growth Rate in Aromatic Polyisocyanate, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in Aromatic Polyisocyanate, 2016-2020, in Volume
Figure Global Market Amount and Growth Rate in Aliphatic Polyisocyanate, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in Aliphatic Polyisocyanate, 2016-2020, in Volume
Figure Global Market Amount and Growth Rate in Others, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in Others, 2016-2020, in Volume
Figure Global Market Amount and Growth Rate in Coating, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in Coating, 2016-2020, in Volume
Figure Global Market Amount and Growth Rate in Adhesive, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in Adhesive, 2016-2020, in Volume
Figure Global Market Amount and Growth Rate in PU Foam, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in PU Foam, 2016-2020, in Volume
Figure Global Market Amount and Growth Rate in Others, 2016-2020, in USD Million
Figure Global Market Amount and Growth Rate in Others, 2016-2020, in Volume
Summary: Get latest Market Research Reports on Polyisocyanates. Industry analysis & Market Report on Polyisocyanates is a syndicated market report, published as Polyisocyanates Market Research: Global Status & Forecast by Geography, Type & Application (2016-2026). It is complete Research Study and Industry Analysis of Polyisocyanates market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.