Global Toluene Diisocyanate Market: Overview

Toluene Diisocyanate (TDI) is the natural concoction compound utilized as a crude material for the creation of polyurethane items. The rising demand for polyurethane crosswise over different assembling businesses is anticipated to drive the development of the toluene diisocyanate market. The expanding utilization of polyurethane over the production of furniture, bed bedding, sofas and so on is other key factor driving the toluene diisocyanate market. 

Toluene Diisocyanate gives a high solace level as an essential part of polyurethane (PU) froths. It is utilized in the assembling of beds, sleeping cushions, and furniture with less thickness since they are considered as the protective and filling materials. The demand for Toluene Diisocyanate is expanding in doctor's facilities since it encourages the counteractive action of weight takes off in patients over longer time spans. The utilization of TDI gives an extensive variety of solutions for bedding and comfort. 

The report on the global toluene diisocyanate market offers an in-depth study of the market scenario, with focus on its drivers, restraints, trends and opportunities. The report additionally delves into the impact of product in associated industries and business sectors. The global reports presents an insight into the various strategies that existing vendors in the market could undertake in order to gain traction in the industry, along with an analysis on entry barriers for new players. The market intelligence report acts as a comprehensive guide on the global market for Toluene Diisocyanate over the mentioned period of forecast. 

According to TMR analysts, the global toluene diisocyanate market is projected to demonstrate a CAGR of 4.8% over the forecast period of 2015 to 2023. The market was estimated to be worth US$ 6.72 Bn in 2014 and is likely to reach US$ 10.27 Bn in 2023. 

Flexible Foam to Remain Most Lucrative Application Segment

The global toluene diisocyanate market is segmented by application into flexible foam, rigid foam, elastomers, adhesives and sealants, and coatings. Of these, flexible froth is probably going to command demand from the global toluene diisocyanate market in the coming a long time because of its far reaching utility in the customer products division. Regarding volume, the global market for toluene diisocyanate market saw demand for application fragment of flexible froth at 1,909.3 kilo tons in 2014 and is expected to achieve 2,815.0 kilo tons in 2023. Demand for flexible froth is because of rising demand for bedding and sleeping cushion over the globe. Moreover, demand for toluene diisocyanate, utilized in the generation of automotive seats, is anticipated to observe solid development in the following couple of years. 

The automotive business' rising spotlight on user’s comfort is in this way liable to contribute altogether to the global toluene diisocyanate market, as giving adequate solace at financial costs has developed as a predominant income channel for automotive industry players because of the rising demand for low-end vehicles.

Growing Construction in Emerging Regions to Propel Asia Pacific Market

In terms of geography, Europe and Asia Pacific are expected to hold dominant shares in the global toluene diisocyanate market in the coming years. The toluene diisocyanate market in Asia Pacific is largely driven by the burgeoning growth of the construction industry in the emerging countries, while the automotive industry’s firm presence propels the growth of the toluene diisocyanate market’s growth in Europe. 

Some of the prominent players operating in the global toluene diisocyanate market are Bayer MaterialScience LLC, Huntsman Corporation, BASF SE, The Dow Chemical Company, and Mitsui Chemicals, Inc. 

 
Demand for toluene diisocyanate is primarily fueled by growth in bedding and mattresses and automotive industries across the globe. Asia Pacific dominates the global market for toluene diisocyanate. This report by Transparency Market Research analyzes, estimates, and forecasts the demand for toluene diisocyanate on a global and regional level for an eight-year period from 2015 to 2023 in terms of volume and revenue. The study also provides information on restraints, drivers, and opportunities along with their impact on the global toluene diisocyanate market during the forecast period. The report segments the market based on application and region and offers estimates and forecast of the toluene diisocyanate market for each segment. 
 
The study analyzes the product value chain, beginning with feedstock up to end-use. Additionally, it evaluates the market based on Porter’s five forces model, which analyzes the degree of competition in the market by considering factors such as bargaining power of buyers and suppliers and threat from substitute products and new entrants. The report includes a detailed competitive landscape of the toluene diisocyanate market. It comprises market share analysis of companies and profiles of key market participants.
 
The market has been forecast based on constant currency rates. Prices of toluene diisocyanate vary across each region. Considering that different end-users utilize different types of products, pricing for each application varies according to regions while estimating and forecasting market revenue on the global basis. The regional average price has been considered while breaking down the market by end-application in each region. The market size of the global toluene diisocyanate market has been presented in terms of both volume as well as revenue. Market volume is provided in kilo tons, while market revenue is in US$ Mn. Market numbers are provided based on applications in the context of the global as well as regional market. Market size and forecast for each major application is also provided in the context of the global as well as regional market. Numbers provided in the report are derived based on demand for toluene diisocyanate in various end-user industries across different regions. All the prices have been considered as FOB prices. Market revenue has been calculated based on sales and consumption trends. All US$ exchange rates are as of 2014. Price has been kept constant throughout the forecast period for calculating the market size.
 
The report provides a decisive view of the toluene diisocyanate market by segmenting the market based on applications. Applications analyzed in this report include flexible foam, rigid foam, coatings, adhesives & sealants, and elastomers. These application segments have been analyzed based on present and future trends, and the market has been estimated from 2015 to 2023.
 
The toluene diisocyanate market is segmented based on geography into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In terms of revenue and consumption, the toluene diisocyanate market for each application for each of these regions has been forecast for the period from 2015 to 2023.
 
Leading manufacturers profiled in the report include BASF SE, Bayer MaterialScience LLC, Mitsui Chemicals, Inc., Huntsman Corporation, and The Dow Chemical Company. These companies are profiled in detail with features such as company overview, financial overview, business strategies, mergers and acquisitions, and recent developments.
 
Global Toluene Diisocyanate Market – Application Analysis
  • Flexible Foam
  • Rigid Foam
  • Coatings 
  • Adhesive & Sealants
  • Elastomers
Global Toluene Diisocyanate Market – Regional Analysis
  • North America
    • U.S.
    • Rest of North America
  • Europe
    • France
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
.