The increasing demand for polyurethane in the automotive and electronics industry is majorly influencing the demand for toluene diisocyanate (TDI). Polyurethane products such as flexible foam, sealants, rigid foam, thermoplastics, Reaction Injection Molding (RIM), adhesives, and coatings are used in apparel, appliances, constructions, medical devices, and electronics and automotive applications. TDI is gaining high demand as an intermediate raw material in the polyurethane industries. As per the observations of a new business intelligence report from IndustryARC, the TDI market attained a global value of $2.2 billion as of 2018. Furthermore, the demand is projected to rise at a CAGR of 4.20% during the forecast period 2019-2025.
The IndustryARC report titled: “MDI, TDI, and Polyurethane Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2019 – 2024.” It incorporates an in-depth assessment of the competitive landscape, market drivers, end-user industries, production life cycle, market life cycle analysis, market trends, mergers and acquisitions, supply and demand analysis, market entropy, consumption trends, financial analysis, and strategic analysis of the global TDI market.
TDI Market: Leading Segments
The production size of TDI crystallization units is expanded by many firms. The expansion in the production of TDI is channeling the growth of end-user industries such as paints & coatings, elastomers, and adhesives and sealants. However, according to the analyst of IndustryARC, the automotive industry is the fastest growing end-use segment of the TDI market, exhibiting a CAGR of 4.50% during the aforesaid forecast period.
Rapid growth in the automobile and construction sectors are providing significant opportunities for the TDI market to establish in the APAC countries, namely China and India. The dominating APAC countries held a 54% share in the global TDI market as of 2018. Growth of the TDI market production and consumption in the APAC region is attributed to the availability of low-cost labor as well as raw materials in the emerging economies of this region.
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TDI Market: Disruptive Trends
The major manufacturers of TDI market players are finding opportunities to invest in R&D activities. Additionally, they are increasing their production capacity across the world as well as strengthening their supply chain.
Increasing demand for rigid foams, which are manufactured by TDI industries: these are mainly used in the transportation and packaging industries. The growing market for expensive furniture on the back of greater disposable income among the urban population of emerging economies is anticipated to boost the TDI market growth in the near future.
APAC countries, especially China and India will continue to dominate the TDI market due to the low-cost of land, labor, and raw materials along with moderately stringent regulations.
TDI Market: Competitive Landscape
BASF SE, the Dow Chemical Company, Covestro AG, Wanhua Chemical Group Co. Ltd. Bayer AG, ChemChina Petrochemicals Co. Ltd., Nan Ya Plastics, and BorsodChem are some of the major shareholders of the global TDI market.
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A. Polyurethane Elastomers Market
B. Isocyanates Market
What can you expect from the report?
The MDI, TDI, and Polyurethane Market is Prepared with the Main Agenda to Cover the following 20 points:
1. MDI, TDI, and Polyurethane Market Size by Product Categories & Application
2. MDI, TDI, and Polyurethane Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. MDI, TDI, and Polyurethane Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. MDI, TDI, and Polyurethane Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. MDI, TDI, and Polyurethane Market Strategic Analysis
18. MDI, TDI, and Polyurethane Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. MDI, TDI, and Polyurethane Market Revenue and Volume Analysis
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