Transparency Market Research has released a new market report titled “Toluene Diisocyanate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global toluene diisocyanate market was valued at US$ 6.72 Bn in 2014 and is likely to reach US$ 10.27 Bn in 2023, expanding at a CAGR of 4.8% from 2015 to 2023. In terms of volume, demand for toluene diisocyanate stood at 2,231.5 kilo tons in 2014.
Browse the full Toluene Diisocyanate Market for Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants, and Elastomers - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at https://www.transparencymarketresearch.com/toluene-diisocyanate-market.html
Toluene diisocyanate is one of the key raw materials that is widely employed in the production of polyurethane and its products across the globe. The global toluene diisocyanate market has been categorized based on product type into flexible foam, rigid foam, coatings, adhesives & sealants, and elastomers. Flexible foam was the largest application segment in the global toluene diisocyanate, accounting for about 80% share in 2014.
Demand for toluene diisocyanate has increased significantly in the last few years, particularly from Asia Pacific. Asia Pacific includes two of the fastest growing economies, i.e., China and India. Demand from China and India is anticipated to primarily fuel the demand for toluene diisocyanate-based products in the next few years. China was the largest contributor to the market in Asia Pacific in 2014 due to high demand for flexible foam from the bedding and mattress industry. Rise in disposable income in China has increased expenditure on leisure products such as mattresses. This has propelled the demand for flexible foam used in mattresses, and this trend is likely to continue in the next few years. In terms of volume and revenue, Europe was the second-largest market for toluene diisocyanate. The region held roughly 29% share of the global toluene diisocyanate market in 2014. However, the market share of Europe is expected to decrease in the next few years due to growth in the developing regions such as Asia Pacific and Latin America. Germany dominated the toluene diisocyanate market in Europe in 2014. Demand for toluene diisocyanate in Germany is chiefly driven by increasing automotive exports from this country. Major players in the toluene diisocyanate market include The Dow Chemical Company, Mitsui Chemicals, Inc., and Huntsman Corporation.
The report provides an in-depth analysis of the toluene diisocyanate market in terms of volume (kilo tons) and revenue (US$ Mn). It includes current demand analysis and forecast for each application segment at the global and regional level. Regions analyzed include North America, Europe, Asia Pacific, Latin America (LATAM), and the Middle East and Africa (MEA). Each region is further sub-segmented into the main countries or regions. The market comprises the following segments:
Global Toluene Diisocyanate Market – Application Analysis
- Flexible Foam
- Rigid Foam
- Adhesive & Sealants
Global Toluene Diisocyanate Market – Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
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