Toluene Diisocyanates Market Research Report – Global Forecast till 2030

Toluene Diisocyanates (TDI) Market: Information by Forms (2,4-toluene diisocyanate, 2,6-toluene diisocyanate) Application (Flexible Foam, Paints & Coatings, Elastomers, Binders, Adhesives and Sealants), Region — Forecast till 2030

ID: MRFR/CnM/5782-HCR | November 2022 | Region: Global | 180 Pages         

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Toluene Diisocyanates Market Overview


Toluene diisocyanates are majorly used to make polyurethane products, such as rigid and flexible foams, coating, adhesives, sealants, and elastomers. The increasing demand for flexible foam has been driving the market growth. Foam is used in various industrial applications due to its reliability in the sector, and its excellent properties, the reduction of the cost of raw materials is a significant advantage in using these materials. The high demand for polyurethane from the automotive industry is one of the critical reasons that will take forward the toluene diisocyanates market.


Crude oil, propylene, aniline, and toluene are some raw materials that are used in the production of toluene diisocyanates (TDI). An increase in those raw materials prices hampers the market growth of toluene diisocyanates during the forecast period, and growing environmental regulations because of the existence of toxic compounds in the product may hamper the market growth during the forecast period. Manufacturers are developing new products due to the growing demand for TDI from various industries.


Global Toluene Diisocyanates (TDI) Market Share, by Application, 2017 (%)


Toluene Diisocyanates (TDI) Market


Source: MRFR analysis


Regional Analysis


The global Toluene Diisocyanates (TDI) market has been studied with respect to five key regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of this market in 2017 and is projected to be the dominant regional market during the forecast period. This is mainly due to the increasing demand for Toluene Diisocyanates (TDI) from furniture, footwear, and automotive industry. Asia–Pacific is anticipated to be the leading market for Toluene Diisocyanates (TDI), accounting for approximately half of consumption in the region. China, India, and Japan are the major TDI consumers which accounted for the largest market share in 2017, in the region. However, India is projected to be the fastest growing demand for the product due to strengthning  consumers investment power and improving production capabilities.


American and European manufacturers are innovating the product with huge R&D investments to reduce the toxicity level. Footwear and mattresses manufacturer are majorly driving the market growth in these developed region. The U.S, Germany, and France are contributing major market sharte for demand of the product during the assesment period. 


Market Segmentation


The global toluene diisocyanates (TDI) market has been segmented on the basis of 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. 


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


Key Players


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) among others are some of the key players in the global toluene diisocyanates (TDI) market.

Recent Development

The global market for toluene diisocyanate (TDI) is expected to grow at a CAGR of more than 4.50% during the period of forecast. TDI is a mixture of synthetics that has 2,4-isomers and 2,6-isomers is a volatile, colorless to pale yellow liquid that is soluble in many organic solvents. According to the research, the TDI market has the potential to grow by 620.01 thousand MT during 2020-2024, and it is also progressing at a CAGR of 5%, and the market’s growth will accelerate during the period forecast. Research identifies the growth in demand for rigid foam from different industries as one of the prime reasons getting the toluene diisocyanate market growth during the next few years, and the research provides a holistic analysis of the market size, trends, challenges, as well as vendor analysis covering around 25 vendors.


Intended Audience



  • Toluene Diisocyanates (TDI) manufacturers

  • Traders and distributors of Toluene Diisocyanates (TDI)

  • Research and development institutes

  • Potential investors

  • Raw material suppliers



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   Substantial CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Form, application, and region
  Geographies Covered   Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa
  Key Vendors   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),
  Key Market Opportunities   Growing furnishing industry in Asia-Pacific due to the established presence of huge furniture manufactures and government support increases the demand.
  Key Market Drivers   Demand for TDI is driven by the rising need for flexible PU foams .


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Frequently Asked Questions (FAQ) :

The outlook of the global toluene diisocyanates market looks very promising.

Flexible foam, elastomers, paints & coatings, binders, and adhesives & sealants are some of the major applications of toluene diisocyanates.

The flexible foam segment by applications accounts for the leading share in the global toluene diisocyanates market.

Asia Pacific holds the largest share in the global toluene diisocyanates market, followed by North America and Europe, respectively.

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