Toluene Diisocyanates Market Research Report – Global Forecast till 2027

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 — Global Forecast till 2027

ID: MRFR/CnM/5782-HCR | February 2021 | Region: Global | 180 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


Toluene Diisocyanates (TDI) is an aromatic isocyanate, prepared from toluene, chlorobenzene, phosgene, and xylene among others raw materials. It is primarily used as a chemical intermediate in forms of isomers for manufacturing polyurethane products. It exists in two different forms of TDI, i.e, 2,4-toluene diisocyanate and 2,6-toluene diisocyanate. These forms are used to produce several applications, such as flexible foam, paints & coatings, elastomers, binders, adhesives and sealants, and others. Flexible foams are widely used in furniture, bedding, carpet underlay, mattresses, automotive seats, and packaging applications.


The global demand for TDI is driven by the rising need for flexible PU foams in end-use applications, it offers superior properties such as lightweight, durability, comfort, and resilience.  Growing furnishing industry in Asia-Pacific due to the established presence of huge furniture manufactures and government support increases the demand for modern ready-to-assemble furniture is set to stimulate the demand for TDI. However, growing environment regulations due to presence of toxic substance in the product may restrain the market growth in near future. 


The key players operating in the global toluene diisocyanates (TDI) market are adopting various strategies such as product launches, expansions, mergers & acquisitions, joint ventures, investments, agreement, and R&D to gain significant market shares.


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.


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   Significant Value
  CAGR   Substantial CAGR (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  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   
  Key Market Drivers   


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.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

4.1.4 Material/Applications

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Intensity of Competitive Rivalry

5 Industry Overview of Global Toluene Diisocyanates (TDI) Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5 Market Trends

5.1 Introduction

5.2 Growth Trends

5.3 Impact Analysis

5.4 Pricing Analysis

6. Global Toluene Diisocyanates (TDI) Market, by Form

6.1 Introduction

6.2 2,4-toluene diisocyanate

6.2.1 Market Estimates & Forecast, 2020–2027

6.2.2 Market Estimates & Forecast, by Region, 2020–2027

6.3 2,6-toluene diisocyanate

6.3.1 Market Estimates & Forecast, 2020–2027

6.3.2 Market Estimates & Forecast, by Region, 2020–2027

7. Global Toluene Diisocyanates (TDI) Market, by Application

7.1 Introduction

7.2 Flexible Foam

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Paints & Coatings

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Elastomers

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.5 Binders

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast, by Region, 2020–2027

7.6 Adhesives and Sealants

7.6.1 Market Estimates & Forecast, 2020–2027

7.6.2 Market Estimates & Forecast, by Region, 2020–2027

7.7 Others

7.7.1 Market Estimates & Forecast, 2020–2027

7.7.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Toluene Diisocyanates (TDI) Market, by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast by Form, 2020–2027

8.2.3 Market Estimates & Forecast by Application, 2020–2027

8.2.4 US

8.2.4.1 Market Estimates & Forecast, 2020–2027

8.2.4.2 Market Estimates & Forecast by Form, 2020–2027

8.2.4.3 Market Estimates & Forecast by Application, 2020–2027

8.2.5 Canada

8.2.5.1 Market Estimates & Forecast, 2020–2027

8.2.5.2 Market Estimates & Forecast by Form, 2020–2027

8.2.5.3 Market Estimates & Forecast by Application, 2020–2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast by Form, 2020–2027

8.3.3 Market Estimates & Forecast by Application, 2020–2027

8.3.4 Germany

8.3.4.1 Market Estimates & Forecast, 2020–2027

8.3.4.2 Market Estimates & Forecast by Form, 2020–2027

8.3.4.4 Market Estimates & Forecast by Application, 2020–2027

8.3.5 France

8.3.5.1 Market Estimates & Forecast, 2020–2027

8.3.5.2 Market Estimates & Forecast by Form, 2020–2027

8.3.5.3 Market Estimates & Forecast by Application, 2020–2027

8.3.6 Italy

8.3.6.1 Market Estimates & Forecast, 2020–2027

8.3.6.2 Market Estimates & Forecast by Form, 2020–2027

8.3.6.3 Market Estimates & Forecast by Application, 2020–2027

8.3.7 Spain

8.3.7.1 Market Estimates & Forecast, 2020–2027

8.3.7.2 Market Estimates & Forecast by Form, 2020–2027

8.3.7.3 Market Estimates & Forecast by Application, 2020–2027

8.3.8 UK

8.3.8.1 Market Estimates & Forecast, 2020–2027

8.3.8.2 Market Estimates & Forecast by Form, 2020–2027

8.3.8.3 Market Estimates & Forecast by Application, 2020–2027

8.3.9 Poland

8.3.9.1 Market Estimates & Forecast, 2020–2027

8.3.9.2 Market Estimates & Forecast by Form, 2020–2027

8.3.9.3 Market Estimates & Forecast by Application, 2020–2027

8.3.10 Russia

8.3.10.1 Market Estimates & Forecast, 2020–2027

8.3.10.2 Market Estimates & Forecast by Form, 2020–2027

8.3.10.3 Market Estimates & Forecast by Application, 2020–2027

8.3.11 Rest of Europe

8.3.11.1 Market Estimates & Forecast, 2020–2027

8.3.11.2 Market Estimates & Forecast by Form, 2020–2027

8.3.11.3 Market Estimates & Forecast by Application, 2020–2027

8.4 Asia–Pacific

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast by Form, 2020–2027

8.4.3 Market Estimates & Forecast by Application, 2020–2027

8.4.4 China

8.4.4.1 Market Estimates & Forecast, 2020–2027

8.4.4.2 Market Estimates & Forecast by Form, 2020–2027

8.4.4.3 Market Estimates & Forecast by Application, 2020–2027

8.4.5 India

8.4.5.1 Market Estimates & Forecast, 2020–2027

8.4.5.2 Market Estimates & Forecast by Form, 2020–2027

8.4.5.3 Market Estimates & Forecast by Application, 2020–2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020–2027

8.4.6.2 Market Estimates & Forecast by Form, 2020–2027

8.4.6.3 Market Estimates & Forecast by Application, 2020–2027

8.4.7 Indonesia

8.4.7.1 Market Estimates & Forecast, 2020–2027

8.4.7.2 Market Estimates & Forecast by Form, 2020–2027

8.4.7.3 Market Estimates & Forecast by Application, 2020–2027

8.4.8 Thailand

8.4.8.1 Market Estimates & Forecast, 2020–2027

8.4.8.2 Market Estimates & Forecast by Form, 2020–2027

8.4.8.3 Market Estimates & Forecast by Application, 2020–2027

8.4.9 Australia & New Zealand

8.4.9.1 Market Estimates & Forecast, 2020–2027

8.4.9.2 Market Estimates & Forecast by Form, 2020–2027

8.4.9.3 Market Estimates & Forecast by Application, 2020–2027

8.4.10 Rest of Asia–Pacific

8.4.10.1 Market Estimates & Forecast, 2020–2027

8.4.10.2 Market Estimates & Forecast by Form, 2020–2027

8.4.10.3 Market Estimates & Forecast by Application, 2020–2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast by Form, 2020–2027

8.5.3 Market Estimates & Forecast by Application, 2020–2027

8.5.4 Turkey

8.5.4.1 Market Estimates & Forecast, 2020–2027

8.5.4.2 Market Estimates & Forecast by Form, 2020–2027

8.5.4.3 Market Estimates & Forecast by Application, 2020–2027

8.5.6 Israel

8.5.6.1 Market Estimates & Forecast, 2020–2027

8.5.6.2 Market Estimates & Forecast by Form, 2020–2027

8.5.6.3 Market Estimates & Forecast by Application, 2020–2027

8.5.7 North Africa

8.5.7.1 Market Estimates & Forecast, 2020–2027

8.5.7.2 Market Estimates & Forecast by Form, 2020–2027

8.5.7.3 Market Estimates & Forecast by Application, 2020–2027

8.5.8 GCC

8.5.8.1 Market Estimates & Forecast, 2020–2027

8.5.8.2 Market Estimates & Forecast by Form, 2020–2027

8.5.8.3 Market Estimates & Forecast by Application, 2020–2027

8.5.7 Rest of the Middle East & Africa

8.5.9.1 Market Estimates & Forecast, 2020–2027

8.5.9.2 Market Estimates & Forecast by Form, 2020–2027

8.5.9.3 Market Estimates & Forecast by Application, 2020–2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast by Form, 2020–2027

8.6.3 Market Estimates & Forecast by Application, 2020–2027

8.6.4 Brazil

8.6.4.1 Market Estimates & Forecast, 2020–2027

8.6.4.2 Market Estimates & Forecast by Form, 2020–2027

8.6.4.3 Market Estimates & Forecast by Application, 2020–2027

8.6.5 Argentina

8.6.5.1 Market Estimates & Forecast, 2020–2027

8.6.5.2 Market Estimates & Forecast by Form, 2020–2027

8.6.5.3 Market Estimates & Forecast by Application, 2020–2027

8.6.6 Mexico

8.6.6.1 Market Estimates & Forecast, 2020–2027

8.6.6.2 Market Estimates & Forecast by Form, 2020–2027

8.6.6.3 Market Estimates & Forecast by Application, 2020–2027

8.6.7 Rest of Latin America

8.6.7.1 Market Estimates & Forecast, 2020–2027

8.6.7.2 Market Estimates & Forecast by Form, 2020–2027

8.6.7.3 Market Estimates & Forecast by Application, 2020–2027

9. Competitive Landscape

9.1 Introduction

9.2 Market Key Strategies

9.3 Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)

10. Company Profiles

10.1 Tosoh Corporation

10.1.1 Company Overview

10.1.2 Financial Updates

10.1.3 Product/Business Segment Overview

10.1.4 Key Developments

10.1.5 SWOT Analysis

10.1.5 Key Strategies

10.2 BASF SE

10.2.1 Company Overview

10.2.2 Financial Updates

10.2.3 Product/Business Segment Overview

10.2.4 Key Developments

10.2.5 SWOT Analysis

10.2.5 Key Strategies

10.3 The Dow Chemical Company

10.3.1 Company Overview

10.3.2 Financial Updates

10.3.3 Product/Business Segment Overview

10.3.4 Key Developments

10.3.5 SWOT Analysis

10.3.5 Key Strategies

10.4 LANXESS

10.4.1 Company Overview

10.4.2 Financial Updates

10.4.3 Product/Business Segment Overview

10.4.4 Key Developments

10.4.5 SWOT Analysis

10.4.5 Key Strategies

10.5 Covestro

10.5.1 Company Overview

10.5.2 Financial Updates

10.5.3 Product/Business Segment Overview

10.5.4 Key Developments

10.5.5 SWOT Analysis

10.5.5 Key Strategies

10.6 Mitsui Chemicals, Inc.

10.6.1 Company Overview

10.6.2 Financial Updates

10.6.3 Product/Business Segment Overview

10.6.4 Key Developments

10.6.6 SWOT Analysis

10.6.6 Key Strategies

10.7 Wanhua Chemical Group Co. Ltd

10.7.1 Company Overview

10.7.2 Financial Updates

10.7.3 Product/Business Segment Overview

10.7.4 Key Developments

10.7.5 SWOT Analysis

10.7.5 Key Strategies

10.8 Cangzhou Dahua Group Co. Ltd

10.8.1 Company Overview

10.8.2 Financial Updates

10.8.3 Product/Business Segment Overview

10.8.4 Key Developments

10.8.5 SWOT Analysis

10.8.5 Key Strategies

10.9 China National Bluestar (Group) Co., Ltd

10.9.1 Company Overview

10.9.2 Financial Updates

10.9.3 Product/Business Segment Overview

10.9.4 Key Developments

10.9.5 SWOT Analysis

10.9.5 Key Strategies

10.10 Anderson Development

10.10.1 Company Overview

10.10.2 Financial Updates

10.10.3 Product/Business Segment Overview

10.10.4 Key Developments

10.10.5 SWOT Analysis

10.10.5 Key Strategies

11. Conclusion

LIST OF TABLES

Table 1 Global Toluene Diisocyanates (TDI) Market, by Region, 2020–2027

Table 2 North America: Toluene Diisocyanates (TDI) Market, by Country, 2020–2027

Table 3 Europe: Toluene Diisocyanates (TDI) Market, by Country, 2020–2027

Table 4 Asia-Pacific: Toluene Diisocyanates (TDI) Market, by Country, 2020–2027

Table 5 Middle East & Africa: Toluene Diisocyanates (TDI) Market, by Country, 2020–2027

Table 6 Latin America: Toluene Diisocyanates (TDI) Market, by Country, 2020–2027

Table 7 Toluene Diisocyanates (TDI) Form Market, by Region, 2020–2027

Table 8 North America: Toluene Diisocyanates (TDI) Form Market, by Country, 2020–2027

Table 9 Europe: Toluene Diisocyanates (TDI) Form Market, by Country, 2020–2027

Table 10 Asia-Pacific: Toluene Diisocyanates (TDI) Form Market, by Country, 2020–2027

Table 11 Middle East & Africa: Toluene Diisocyanates (TDI) Form Market, by Country, 2020–2027

Table 12 Latin America: Toluene Diisocyanates (TDI) Form Market, by Country, 2020–2027

Table 13 Toluene Diisocyanates (TDI) Application Market, by Region, 2020–2027

Table 14 North America: Toluene Diisocyanates (TDI) Application Market, by Country, 2020–2027

Table 15 Europe: Toluene Diisocyanates (TDI) Application Market, by Country, 2020–2027

Table 16 Asia-Pacific: Toluene Diisocyanates (TDI) Application Market, by Country, 2020–2027

Table 17 Middle East & Africa: Toluene Diisocyanates (TDI) Application Market, by Country, 2020–2027

Table 18 Latin America: Toluene Diisocyanates (TDI) Application Market, by Country, 2020–2027

Table 19 Global Application Market, by Region, 2020–2027

Table 20 Toluene Diisocyanates (TDI) Form Market, by Region, 2020–2027

Table 21 Toluene Diisocyanates (TDI) Application Market, by Region, 2020–2027

LIST OF FIGURES

FIGURE 1 Toluene Diisocyanates (TDI) Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Toluene Diisocyanates (TDI) Market

FIGURE 4 Supply Chain of Toluene Diisocyanates (TDI) Market

FIGURE 5 Share of Toluene Diisocyanates (TDI) Market, by Country, 2020 (%)

FIGURE 5 Global Toluene Diisocyanates (TDI) Market, 2020–2027

FIGURE 6 Sub Segments of Form

FIGURE 7 Toluene Diisocyanates (TDI) Market size, by Form, 2020 (%)

FIGURE 9 Share of Toluene Diisocyanates (TDI) Market, by Form, 2020–2027

FIGURE 10 Sub Segments of Application

FIGURE 11 Toluene Diisocyanates (TDI) Market size, by Application, 2020 (%)

FIGURE 12 Share of Toluene Diisocyanates (TDI) Market, by Application, 2020–2027