Toluene Diisocyanates Market Size, Industry Analysis Report, Regional Outlook

Posted by Nikhil khadilkar on April 16th, 2019

Toluene Diisocyanates (TDI) is an aromatic isocyanate, prepared from toluene, chlorobenzene, phosgene, and xylene among others raw materials. It is primarily used as a chemical intermediate in forms of isomers for manufacturing polyurethane products. It exists in two different forms of TDI, i.e, 2,4-toluene diisocyanate and 2,6-toluene diisocyanate.

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These forms are used to produce several applications, such as flexible foam, paints & coatings, elastomers, binders, adhesives and sealants, and others. Flexible foams are widely used in furniture, bedding, carpet underlay, mattresses, automotive seats, and packaging applications.

Market Segmentation

The global toluene diisocyanates (TDI) market has been segmented based on form, application, and region.

Based on form, the global toluene diisocyanates (TDI) market has been divided into 2,4-toluene diisocyanate and 2,6-toluene diisocyanate. 

Based on application, the global toluene diisocyanates (TDI) market has been categorized as flexible foam, paints & coatings, elastomers, binders, adhesives and sealants, and others.

Competitive Analysis

Some of the prominent  players in the global toluene diisocyanates (TDI) market are Tosoh Corporation (Japan), BASF SE (Germany), The Dow Chemical Company (US), LANXESS (Germany), Covestro (Germany), Mitsui Chemicals, Inc. (Japan), Wanhua Chemical Group Co. Ltd (China), Cangzhou Dahua Group Co. Ltd (China), China National Bluestar (Group) Co., Ltd (China), and Anderson Development (US).

Regional Analysis

Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five key regions studied for the global toluene diisocyanates (TDI) market. In 2017, Asia-Pacific accounted for the largest market share of the global toluene diisocyanates (TDI) market. Japan leads the innovation of products along with expansion of market applications in the region. China accounts for the major consumer of toluene diisocyanates (TDI), with more than quarter global market share in 2017.

North America and Europe are the other significant regional markets for toluene diisocyanates (TDI). U.S. and Germany are the leading countries for raising demand of PU foams, especially in furniture and automotive industry. Several manufacturers in the region focused on product innovation and advancements in processing technologies.

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