Market Research Report

Global Toluene Diisocyanate Market Report By Application (Flexible Foam, Rigid Foam, Coatings, Adhesive & Sealants, and Elastomers) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028

ID:VMR11210020
March 2022
Report Formats: Electronic (PDF), MS EXCEL

Toluene Diisocyanate is the organic chemical compound used as a raw material for the production of polyurethane products. The rising demand for polyurethane across various manufacturing industries is projected to drive the growth of the toluene diisocyanate market. The increasing consumption of polyurethane across the production furniture, bed mattress, sofa etc. is other major factor fueling the toluene diisocyanate market.

As per the report added by Value Market Research, the Global Toluene Diisocyanate Market was valued USD 7,745.8 MN (by revenue) in 2017 and is anticipated to reach USD 10,710.5 MN by 2024 with a CAGR of 4.8%. By volume, the market was estimated at XX.X KT in 2017 and is expected to reach XX.X KT by 2024 with a CAGR of X.X%.
 
FLEXIBLE FOAM LEAD THE APPLICATION SEGMENT
Flexible foam is dominating the market over the forecast period and is likely to bring USD XX.X MN by the end of 2024. Whereas, in terms of volume, the market is projected to touch XX.X kilotons by 2024. Also, the demand for flexible foams is driving by increasing application in furniture as cushioning material. The flexible foams are utilizing in the automotive seats fitting that further boost the demand for flexible foam products. In terms of revenue, the flexible foam products market is expected to reach MN by 2024.
 
GROWING RESIDENTIAL ACTIVITIES ACCELERATING THE DEMAND OF TOLUENE DIISOCYANATE IN ASIA–PACIFIC REGION
APAC region is dominating the global TDI market. In terms of revenue, APAC is expected to reach XX.X MN at the end of 2024. Whereas, in terms of volume, the market is projected to trace 1,460.8 kilotons by end of 2024. The growing construction activities and the strong presence of automotive industry in the developing nation of the Asia-Pacific region have driven the toluene diisocyanate market growth. Also, the rise in residential construction is rising the demand for the various household product such as mattress, bedding materials etc. made from polyurethane is anticipated to drive the market growth of toluene diisocyanate market.
 
MAJOR COMPETITORS IN THE GLOBAL TOLUENE DIISOCYANATE MARKET
BASF SE, The Dow Chemical Company, Bayer Material Science LLC, Tosoh Corporation, BorsodChem Zrt, Yantai Juli Fine Chemical Co., Ltd., Cangzhou Dahua Group Co. Ltd., Mitsui Chemicals, Inc., and Vencorex Holding SAS are the prominent players in the global toluene diisocyanate market.

As per this study the Global Toluene Diisocyanate Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated toluene diisocyanate XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
 
Toluene Diisocyanate (TDI) with chemical formula CH3C6H3 (NCO) 2 is a synthetic mixture of the 2, 4- and 2, 6-isomers, colorless to pale yellow liquid with a pungent smell. TDI is volatile in nature and soluble in many organic solvents. It is a key ingredient in the production of polyurethanes, primarily for flexible foam, which has numerous application in different industries such as furniture, bedding and carpet underlay, automotive, as well as packaging. These foams are used as high resiliency foams in bedding for wadding and padding and upholstery in the furniture industry, in paints, as coatings & adhesives for the construction industry, insulators in the appliance industry.
 
Market Dynamics
 
Growing demand for luxurious furniture coupled with the rising purchasing power of the consumer is likely to boost the TDI market growth. Besides, emerging sectors especially constructions, automotive, and electronics have resulted as a leading consumer of TDI. Moreover, expansion of chemical industry coupled with the development of infrastructure are also contributing towards the growth of TDI market. On the other hand, the fluctuating price of raw material coupled with the toxic nature of TDI is likely to hamper the growth of the market.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of toluene diisocyanate.
 
Market Segmentation
 
The broad toluene diisocyanate market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Application
  • Flexible Foam
  • Rigid Foam
  • Coatings
  • Adhesive & Sealants
  • Elastomers
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for toluene diisocyanate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Global Toluene Diisocyanate Market Share by Region (Representative Graph)
 
Global Toluene Diisocyanate Market Share
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the toluene diisocyanate market includes BASF SE, The Dow Chemical Company, Bayer Material Science LLC, Tosoh Corporation, BorsodChem Zrt, Yantai Juli Fine Chemical Co., Ltd., Cangzhou Dahua Group Co. Ltd., Mitsui Chemicals, Inc., and Vencorex Holding SAS. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand. 

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . TOLUENE DIISOCYANATE – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 Market Attractiveness Analysis By Application
           3.7.2 Market Attractiveness Analysis By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL TOLUENE DIISOCYANATE MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Historical and Forecast Data
       6.3 Analysis by Application
       6.4 Flexible Foam Historic and Forecast Sales by Regions
       6.5 Rigid Foam Historic and Forecast Sales by Regions
       6.6 Coatings Historic and Forecast Sales by Regions
       6.7 Adhesive & Sealants Historic and Forecast Sales by Regions
       6.8 Elastomers Historic and Forecast Sales by Regions
 
7 . GLOBAL TOLUENE DIISOCYANATE MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America Sales Analysis
           7.3.1. Overview, Historic and Forecast Data  Sales Analysis
           7.3.2. North America By Segment Sales Analysis
           7.3.3. North America By Country Sales Analysis
           7.3.4. United State Sales Analysis
           7.3.5. Canada Sales Analysis
           7.3.6. Mexico Sales Analysis
       7.4. Europe Sales Analysis
           7.4.1. Overview, Historic and Forecast Data  Sales Analysis
           7.4.2. Europe by Segment Sales Analysis
           7.4.3. Europe by Country Sales Analysis
           7.4.4. United Kingdom Sales Analysis
           7.4.5. France Sales Analysis
           7.4.6. Germany Sales Analysis
           7.4.7. Italy Sales Analysis
           7.4.8. Russia Sales Analysis
           7.4.9. Rest Of Europe Sales Analysis
       7.5. Asia Pacific Sales Analysis
           7.5.1. Overview, Historic and Forecast Data  Sales Analysis
           7.5.2. Asia Pacific by Segment Sales Analysis
           7.5.3. Asia Pacific by Country Sales Analysis
           7.5.4. China Sales Analysis
           7.5.5. India Sales Analysis
           7.5.6. Japan Sales Analysis
           7.5.7. South Korea Sales Analysis
           7.5.8. Australia Sales Analysis
           7.5.9. Rest Of Asia Pacific Sales Analysis
       7.6. Latin America Sales Analysis
           7.6.1. Overview, Historic and Forecast Data  Sales Analysis
           7.6.2. Latin America by Segment Sales Analysis
           7.6.3. Latin America by Country Sales Analysis
           7.6.4. Brazil Sales Analysis
           7.6.5. Argentina Sales Analysis
           7.6.6. Peru Sales Analysis
           7.6.7. Chile Sales Analysis
           7.6.8. Rest of Latin America Sales Analysis
       7.7. Middle East & Africa Sales Analysis
           7.7.1. Overview, Historic and Forecast Data  Sales Analysis
           7.7.2. Middle East & Africa by Segment Sales Analysis
           7.7.3. Middle East & Africa by Country Sales Analysis
           7.7.4. Saudi Arabia Sales Analysis
           7.7.5. UAE Sales Analysis
           7.7.6. Israel Sales Analysis
           7.7.7. South Africa Sales Analysis
           7.7.8. Rest Of Middle East And Africa Sales Analysis
 
8 . COMPETITIVE LANDSCAPE OF THE TOLUENE DIISOCYANATE COMPANIES
       8.1. Toluene Diisocyanate Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments
 
9 . COMPANY PROFILES OF TOLUENE DIISOCYANATE INDUSTRY
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. BASF SE
           9.3.1. Company Overview
           9.3.2. Company Revenue
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. The Dow Chemical Company
           9.4.1. Company Overview
           9.4.2. Company Revenue
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Bayer Material Science LLC
           9.5.1. Company Overview
           9.5.2. Company Revenue
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. Tosoh Corporation
           9.6.1. Company Overview
           9.6.2. Company Revenue
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. BorsodChem Zrt
           9.7.1. Company Overview
           9.7.2. Company Revenue
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. Yantai Juli Fine Chemical Co. Ltd.
           9.8.1. Company Overview
           9.8.2. Company Revenue
           9.8.3. Products
           9.8.4. Recent Developments
       9.9. Cangzhou Dahua Group Co. Ltd.
           9.9.1. Company Overview
           9.9.2. Company Revenue
           9.9.3. Products
           9.9.4. Recent Developments
       9.10. Mitsui ChemicalsInc.
           9.10.1. Company Overview
           9.10.2. Company Revenue
           9.10.3. Products
           9.10.4. Recent Developments
       9.11. Vencorex Holding SAS
           9.11.1. Company Overview
           9.11.2. Company Revenue
           9.11.3. Products
           9.11.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES

 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Application (Kilo Tons and USD MN)
  •  Flexible Foam Market Sales by Geography (Kilo Tons and USD MN)
  •  Rigid Foam Market Sales by Geography (Kilo Tons and USD MN)
  •  Coatings Market Sales by Geography (Kilo Tons and USD MN)
  •  Adhesive & Sealants Market Sales by Geography (Kilo Tons and USD MN)
  •  Elastomers Market Sales by Geography (Kilo Tons and USD MN)
  •  Global Toluene Diisocyanate Market Sales by Geography (Kilo Tons and USD MN)
  •  North America Market Analysis (Kilo Tons and USD MN)
  •  United State Market Analysis (Kilo Tons and USD MN)
  •  Canada Market Analysis (Kilo Tons and USD MN)
  •  Mexico Market Analysis (Kilo Tons and USD MN)
  •  Europe Market Analysis (Kilo Tons and USD MN)
  •  Europe Market Estimate by Country (Kilo Tons and USD MN)
  •  United Kingdom Market Analysis (Kilo Tons and USD MN)
  •  France Market Analysis (Kilo Tons and USD MN)
  •  Germany Market Analysis (Kilo Tons and USD MN)
  •  Italy Market Analysis (Kilo Tons and USD MN)
  •  Russia Market Analysis (Kilo Tons and USD MN)
  •  Spain Market Analysis (Kilo Tons and USD MN)
  •  Rest of Europe Market Analysis (Kilo Tons and USD MN)
  •  Asia Pacific Market Analysis (Kilo Tons and USD MN)
  •  China Market Analysis (Kilo Tons and USD MN)
  •  Japan Market Analysis (Kilo Tons and USD MN)
  •  India Market Analysis (Kilo Tons and USD MN)
  •  South Korea Market Analysis (Kilo Tons and USD MN)
  •  Australia Market Analysis (Kilo Tons and USD MN)
  •  Rest of Asia Pacific Market Analysis (Kilo Tons and USD MN)
  •  Latin America Market Analysis (Kilo Tons and USD MN)
  •  Brazil Market Analysis (Kilo Tons and USD MN)
  •  Argentina Market Analysis (Kilo Tons and USD MN)
  •  Peru Market Analysis (Kilo Tons and USD MN)
  •  Chile Market Analysis (Kilo Tons and USD MN)
  •  Rest of Latin America Market Analysis (Kilo Tons and USD MN)
  •  Middle East & Africa Market Analysis (Kilo Tons and USD MN)
  •  Saudi Arabia Market Analysis (Kilo Tons and USD MN)
  •  UAE Market Analysis (Kilo Tons and USD MN)
  •  Israel Market Analysis (Kilo Tons and USD MN)
  •  South Africa Market Analysis (Kilo Tons and USD MN)
  •  Rest of Middle East and Africa Market Analysis (Kilo Tons and USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Toluene Diisocyanate Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Toluene Diisocyanate Market Size, by Region (Kilo Tons and USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Application (Kilo Tons and USD MN)
  •  Flexible Foam Market Sales by Geography (Kilo Tons and USD MN)
  •  Rigid Foam Market Sales by Geography (Kilo Tons and USD MN)
  •  Coatings Market Sales by Geography (Kilo Tons and USD MN)
  •  Adhesive & Sealants Market Sales by Geography (Kilo Tons and USD MN)
  •  Elastomers Market Sales by Geography (Kilo Tons and USD MN)
  •  Global Market Sales (Kilo Tons and USD MN)
  •  North America Market Sales (Kilo Tons and USD MN)
  •  Europe Market Sales (Kilo Tons and USD MN)
  •  Asia Pacific Market Sales (Kilo Tons and USD MN)
  •  Latin America Market Sales (Kilo Tons and USD MN)
  •  Middle East & Africa Market Sales (Kilo Tons and USD MN)
  •  Recent Development in Industry
  •  Top 10 Company Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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