LONDON--(BUSINESS WIRE)--The global toluene diisocyanate market size is expected to grow by 620.01 thousand MT during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. Download latest version with COVID-19 analysis Free Sample Report
The demand for polyurethane from the automotive industry is one of the major factors propelling market growth. However, factors such as high fluctuations in TDI prices will hamper market growth.
The growing demand for polyurethane from the automotive industry is one of the critical reasons that will drive the toluene diisocyanate market. Numerous polyurethane products are used in the automotive sector for manufacturing flexible foam, rigid foam, adhesives, sealants, and coatings. This results in an increased demand for TDI as it is used as an intermediate raw material to produce polyurethane products. Polyurethanes are also used in making suspension components, tire covers, door coverings, roof linings, bumpers, seats, bed liners, and instrument panels. With the growing sales volume of passenger and light commercial vehicles, the demand for polyurethane adhesives to bond materials such as carbon fiber, aluminum, composites, and steel is also increasing.
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Global Toluene Diisocyanate Market: End-user Landscape
TDI is extensively used in furniture, bedding, and mattresses and as an intermediate raw material in the production of flexible polyurethane foam, which is used in various applications, including carpet and underlay. The demand for flexible polyurethane foam is anticipated to grow the fastest led by its increasing use as a cushioning material in furniture. TDI is also used in wood finishes as it is highly corrosion-resistant. TDI is the most important and largely used isocyanate in the manufacture of flexible polyurethane foam.
Global Toluene Diisocyanate Market: Geographic Landscape
APAC was the largest toluene diisocyanate market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The expansion of the construction and automotive industries will significantly drive TDI market growth in this region over the forecast period. 58% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for toluene diisocyanate in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered
- BASF SE
- Covestro AG
- Dow Inc.
- Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
- Hanwha Group
- Huntsman Corp.
- Kumho Mitsui Chemicals
- Tosoh Corp.
- Vencorex
-
Wanhua Chemical Group Co. Ltd.
What our reports offer:
- Market share assessments for the regional and country-level segments
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- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
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Toluene Diisocyanate Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in toluene diisocyanate market growth during the next five years
- Estimation of the toluene diisocyanate market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the toluene diisocyanate market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of toluene diisocyanate market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End user
- Market segments
- Comparison by End user
- Wood and furniture - Market size and forecast 2019-2024
- CASE - Market size and forecast 2019-2024
- Automotive - Market size and forecast 2019-2024
- Diverse industries - Market size and forecast 2019-2024
- Market opportunity by End user
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- BASF SE
- Covestro AG
- Dow Inc.
- Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
- Hanwha Group
- Huntsman Corp.
- Kumho Mitsui Chemicals
- Tosoh Corp.
- Vencorex
- Wanhua Chemical Group Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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