Toluene Diisocyanate (TDI) Market is expected to grow at a CAGR of 5% during the forecast period and is expected to reach US$ 2.31 Bn by 2029. Toluene Diisocyanates (TDI) is an aromatic isocyanate, produced from toluene, chlorobenzene, phosgene, and xylene among others crude materials. It is basically utilized as a concoction transitional in types of isomers for producing polyurethane items. It exists in two distinct types of TDI, i.e, 2, 4-toluene diisocyanate and 2,6-toluene diisocyanate. These structures are utilized to generate a few applications, for example, flexible foam, paints and coatings, elastomers, binders, glues and sealants, and others. Flexible foam are generally utilized in furniture, bedding, cover underlay, sleeping cushions, car seats, and packaging applications. The scope of the report includes a comprehensive study of global as well as regional markets for Toluene Diisocyanate with the rationales given for variants in the growth of the industry in certain regions.To know about the Research Methodology :- Request Free Sample Report The demand for TDI have the increasing necessity for flexible PU foams in end-use applications, it compromises superior properties like light in weight, strength, comfort, and flexibility. Increasing furnishing company in Asia-Pacific due to the existence of furniture manufactures and government assistance rises the necessity for advance ready-to-assemble furniture is set to encourage the demand for TDI. Similarly, the growing necessity for polyurethane crosswise over various assembling industries is expected to drive the growth of the toluene diisocyanate market. The increasing utilization of polyurethane over the manufacturing of furniture, bed bedding and sofas are other key factor amplifying the toluene diisocyanate market. Also, growing manufacture of lavish automobiles together with increasing competition in automobile industry boosting use of polyurethane foams in cars is anticipated to amplify growth during forecast period. Increasing demand for sealants and coatings to decrease leakages is anticipated to have an encouraging impact on TDI market growth. Growing demand for rigid foams in packaging industry and consequent growth of the packaging sector is anticipated to boost market growth during forecast period. On the other hand, increasing environment regulations because of existence of toxic compounds in the product may hamper the market growth in during forecast period. In report, the Application segment comprises Flexible Foam, Rigid Foam, Coatings, Adhesive & Sealants and Elastomers. The flexible foam is undoubtedly going to demand from in the forecast period due to its far reaching utility in the customer products sector. In terms of volume, the toluene diisocyanate market showed demand for application segment of flexible foam at xx kilo tons in 2021 and is anticipated to accomplish US$ 2.31 Bn in 2029. Requirement for flexible foam is due to growing demand for bedding and sleeping cushion over the globe. Furthermore, demand for toluene diisocyanate, employed in the production of automotive seats, is expected to witness maximum growth in the forecast period. Based on regional segment, the Toluene Diisocyanate Market is sub-segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific registered for the 5% share of the market in 2021 and is expected to be the leading regional market up to xx% throughout the forecast period. This is mostly because of the growing demand for TDI from furniture, footwear, and automotive industry. Asia Pacific is expected to be the prominent market for TDI, accounting for around half of consumption in the region. China, India, and Japan are the key TDI customers which registered for the 5% market share in 2021, in the region. Conversely, India is anticipated to be the fastest growing demand for the product because of strengthening consumer’s investment power and improving manufacturing capabilities. In North America and Europe, industrialists are modernizing the product with large R&D investments to decrease the toxicity strength. Footwear and mattresses manufacturer are majorly boosting the market growth in these developed region. The U.S, Germany, and France are contributing major market share for demand of the product during the forecast period. The report covers the market leaders, followers and new entrants in the industry with the market dynamics by region. It will also help to understand the position of each player in the market by region, by segment with their expansion plans, R&D expenditure and organic & in-organic growth strategies. For example, in 2021, East Penn Manufacturing Co. announced the opening of its Oelwein Fill, Form, and Finish and Distribution facility. Long term association, strategic alliances, supply chain agreement and M&A activities are covered in the report in detail from 2017 to 2021. Expected alliances and agreement in forecast period will give future course of action in the market to the readers. More than ten companies are profiled, benchmarked in the report on different parameters that will help reader to gain insight about the market in minimum time. The objective of the report is to present a comprehensive analysis of the Toluene Diisocyanate Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding dynamics, structure by analyzing the market segments and project the Toluene Diisocyanate Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Toluene Diisocyanate Market make the report investor’s guide. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
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Global Toluene Diisocyanate Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.56 Bn. Forecast Period 2022 to 2029 CAGR: 5% Market Size in 2029: US $ 2.31 Bn. Segments Covered: by Application • Flexible Foam • Rigid Foam • Coatings • Adhesive & Sealants • Elastomers Toluene Diisocyanate Market, by Region
• North America • Europe • Asia Pacific • Middle East & Africa • South AmericaToluene Diisocyanate Market Key Players are:
• Tosoh Corporation • BASF SE • The Dow Chemical Company • LANXESS, Covestro • Mitsui Chemicals, Inc. • Wanhua Chemical Group Co. Ltd. • Cangzhou Dahua Group Co. Ltd. • China National Bluestar (Group) Co., Ltd. • Anderson Development • Bayer MaterialScience LLC • Huntsman Corporation • Nan Ya Plastics • BorsodChem • Overseas Polymers Pvt. Ltd. • Lyondell Chemical Company • ChemChina Petrochemicals Co. Ltd., • Vencorex Holding SAS • Covestro AG • TSE Industries, Inc. • SIMEL Chemical Industry Co., Ltd. Frequently Asked Questions: 1. Which region has the largest share in Global Toluene Diisocyanate Market? Ans: Asia-Pacific region held the highest share in 2021. 2. What is the growth rate of Global Toluene Diisocyanate Market? Ans: The Global Toluene Diisocyanate Market is growing at a CAGR of 5% during forecasting period 2022-2029. 3. What is scope of the Global Toluene Diisocyanate market report? Ans: Global Toluene Diisocyanate Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Toluene Diisocyanate market? Ans: The important key players in the Global Toluene Diisocyanate Market are – Tosoh Corporation, BASF SE, The Dow Chemical Company, LANXESS, Covestro, Mitsui Chemicals, Inc., Wanhua Chemical Group Co. Ltd., Cangzhou Dahua Group Co. Ltd., China National Bluestar (Group) Co., Ltd., Anderson Development, Bayer MaterialScience LLC, Huntsman Corporation, Nan Ya Plastics, BorsodChem, Overseas Polymers Pvt. Ltd., Lyondell Chemical Company, ChemChina Petrochemicals Co. Ltd.,, Vencorex Holding SAS, Covestro AG, TSE Industries, Inc., SIMEL Chemical Industry Co., and Ltd. 5. What is the study period of this market? Ans: The Global Toluene Diisocyanate Market is studied from 2021 to 2029.
Global Toluene Diisocyanate Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Toluene Diisocyanate Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Toluene Diisocyanate Market Analysis and Forecast 6.1. Toluene Diisocyanate Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Toluene Diisocyanate Market Analysis and Forecast, by Application 7.1. Introduction and Definition 7.2. Key Findings 7.3. Toluene Diisocyanate Market Value Share Analysis, by Application 7.4. Toluene Diisocyanate Market Size (US$ Bn) Forecast, by Application 7.5. Toluene Diisocyanate Market Analysis, by Application 7.6. Toluene Diisocyanate Market Attractiveness Analysis, by Application 8. Global Toluene Diisocyanate Market Analysis, by Region 8.1. Toluene Diisocyanate Market Value Share Analysis, by Region 8.2. Toluene Diisocyanate Market Size (US$ Bn) Forecast, by Region 8.3. Toluene Diisocyanate Market Attractiveness Analysis, by Region 9. North America Toluene Diisocyanate Market Analysis 9.1. Key Findings 9.2. North America Toluene Diisocyanate Market Overview 9.3. North America Toluene Diisocyanate Market Value Share Analysis, by Application 9.4. North America Toluene Diisocyanate Market Forecast, by Application 9.4.1. Flexible Foam 9.4.2. RIGID FOAM 9.4.3. Coatings 9.4.4. Adhesive & Sealants 9.4.5. Elastomers 9.5. North America Toluene Diisocyanate Market Value Share Analysis, by Country 9.6. North America Toluene Diisocyanate Market Forecast, by Country 9.6.1. U.S. 9.6.2. Canada 9.7. North America Toluene Diisocyanate Market Analysis, by Country 9.8. U.S. Toluene Diisocyanate Market Forecast, by Application 9.8.1. Flexible Foam 9.8.2. RIGID FOAM 9.8.3. Coatings 9.8.4. Adhesive & Sealants 9.8.5. Elastomers 9.9. Canada Toluene Diisocyanate Market Forecast, by Application 9.9.1. Flexible Foam 9.9.2. RIGID FOAM 9.9.3. Coatings 9.9.4. Adhesive & Sealants 9.9.5. Elastomers 9.10. North America Toluene Diisocyanate Market Attractiveness Analysis 9.10.1. By Application 9.11. PEST Analysis 9.12. Key Trends 9.13. Key Developments 10. Europe Toluene Diisocyanate Market Analysis 10.1. Key Findings 10.2. Europe Toluene Diisocyanate Market Overview 10.3. Europe Toluene Diisocyanate Market Value Share Analysis, by Application 10.4. Europe Toluene Diisocyanate Market Forecast, by Application 10.4.1. Flexible Foam 10.4.2. RIGID FOAM 10.4.3. Coatings 10.4.4. Adhesive & Sealants 10.4.5. Elastomers 10.5. Europe Toluene Diisocyanate Market Value Share Analysis, by Country 10.6. Europe Toluene Diisocyanate Market Forecast, by Country 10.6.1. Germany 10.6.2. U.K. 10.6.3. France 10.6.4. Italy 10.6.5. Spain 10.6.6. Rest of Europe 10.7. Europe Toluene Diisocyanate Market Analysis, by Country 10.8. Germany Toluene Diisocyanate Market Forecast, by Application 10.8.1. Flexible Foam 10.8.2. RIGID FOAM 10.8.3. Coatings 10.8.4. Adhesive & Sealants 10.8.5. Elastomers 10.9. U.K. Toluene Diisocyanate Market Forecast, by Application 10.9.1. Flexible Foam 10.9.2. RIGID FOAM 10.9.3. Coatings 10.9.4. Adhesive & Sealants 10.9.5. Elastomers 10.10. France Toluene Diisocyanate Market Forecast, by Application 10.10.1. Flexible Foam 10.10.2. RIGID FOAM 10.10.3. Coatings 10.10.4. Adhesive & Sealants 10.10.5. Elastomers 10.11. Italy Toluene Diisocyanate Market Forecast, by Application 10.11.1. Flexible Foam 10.11.2. RIGID FOAM 10.11.3. Coatings 10.11.4. Adhesive & Sealants 10.11.5. Elastomers 10.12. Spain Toluene Diisocyanate Market Forecast, by Application 10.12.1. Flexible Foam 10.12.2. RIGID FOAM 10.12.3. Coatings 10.12.4. Adhesive & Sealants 10.12.5. Elastomers 10.13. Rest of Europe Toluene Diisocyanate Market Forecast, by Application 10.13.1. Flexible Foam 10.13.2. RIGID FOAM 10.13.3. Coatings 10.13.4. Adhesive & Sealants 10.13.5. Elastomers 10.14. Europe Toluene Diisocyanate Market Attractiveness Analysis 10.14.1. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Asia Pacific Toluene Diisocyanate Market Analysis 11.1. Key Findings 11.2. Asia Pacific Toluene Diisocyanate Market Overview 11.3. Asia Pacific Toluene Diisocyanate Market Value Share Analysis, by Application 11.4. Asia Pacific Toluene Diisocyanate Market Forecast, by Application 11.4.1. Flexible Foam 11.4.2. RIGID FOAM 11.4.3. Coatings 11.4.4. Adhesive & Sealants 11.4.5. Elastomers 11.5. Asia Pacific Toluene Diisocyanate Market Value Share Analysis, by Country 11.6. Asia Pacific Toluene Diisocyanate Market Forecast, by Country 11.6.1. China 11.6.2. India 11.6.3. Japan 11.6.4. ASEAN 11.6.5. Rest of Asia Pacific 11.7. Asia Pacific Toluene Diisocyanate Market Analysis, by Country 11.8. China Toluene Diisocyanate Market Forecast, by Application 11.8.1. Flexible Foam 11.8.2. RIGID FOAM 11.8.3. Coatings 11.8.4. Adhesive & Sealants 11.8.5. Elastomers 11.9. India Toluene Diisocyanate Market Forecast, by Application 11.9.1. Flexible Foam 11.9.2. RIGID FOAM 11.9.3. Coatings 11.9.4. Adhesive & Sealants 11.9.5. Elastomers 11.10. Japan Toluene Diisocyanate Market Forecast, by Application 11.10.1. Flexible Foam 11.10.2. RIGID FOAM 11.10.3. Coatings 11.10.4. Adhesive & Sealants 11.10.5. Elastomers 11.11. ASEAN Toluene Diisocyanate Market Forecast, by Application 11.11.1. Flexible Foam 11.11.2. RIGID FOAM 11.11.3. Coatings 11.11.4. Adhesive & Sealants 11.11.5. Elastomers 11.12. Rest of Asia Pacific Toluene Diisocyanate Market Forecast, by Application 11.12.1. Flexible Foam 11.12.2. RIGID FOAM 11.12.3. Coatings 11.12.4. Adhesive & Sealants 11.12.5. Elastomers 11.13. Asia Pacific Toluene Diisocyanate Market Attractiveness Analysis 11.13.1. By Application 11.14. PEST Analysis 11.15. Key Trends 11.16. Key Developments 12. Middle East & Africa Toluene Diisocyanate Market Analysis 12.1. Key Findings 12.2. Middle East & Africa Toluene Diisocyanate Market Overview 12.3. Middle East & Africa Toluene Diisocyanate Market Value Share Analysis, by Application 12.4. Middle East & Africa Toluene Diisocyanate Market Forecast, by Application 12.4.1. Flexible Foam 12.4.2. RIGID FOAM 12.4.3. Coatings 12.4.4. Adhesive & Sealants 12.4.5. Elastomers 12.5. Middle East & Africa Toluene Diisocyanate Market Value Share Analysis, by Country 12.6. Middle East & Africa Toluene Diisocyanate Market Forecast, by Country 12.6.1. GCC 12.6.2. South Africa 12.6.3. Rest of Middle East & Africa 12.7. Middle East & Africa Toluene Diisocyanate Market Analysis, by Country 12.8. GCC Toluene Diisocyanate Market Forecast, by Application 12.8.1. Flexible Foam 12.8.2. RIGID FOAM 12.8.3. Coatings 12.8.4. Adhesive & Sealants 12.8.5. Elastomers 12.9. South Africa Toluene Diisocyanate Market Forecast, by Application 12.9.1. Flexible Foam 12.9.2. RIGID FOAM 12.9.3. Coatings 12.9.4. Adhesive & Sealants 12.9.5. Elastomers 12.10. Rest of Middle East & Africa Toluene Diisocyanate Market Forecast, by Application 12.10.1. Flexible Foam 12.10.2. RIGID FOAM 12.10.3. Coatings 12.10.4. Adhesive & Sealants 12.10.5. Elastomers 12.11. Middle East & Africa Toluene Diisocyanate Market Attractiveness Analysis 12.11.1. By Application 12.12. PEST Analysis 12.13. Key Trends 12.14. Key Developments 13. South America Toluene Diisocyanate Market Analysis 13.1. Key Findings 13.2. South America Toluene Diisocyanate Market Overview 13.3. South America Toluene Diisocyanate Market Value Share Analysis, by Application 13.4. South America Toluene Diisocyanate Market Forecast, by Application 13.4.1. Flexible Foam 13.4.2. RIGID FOAM 13.4.3. Coatings 13.4.4. Adhesive & Sealants 13.4.5. Elastomers 13.5. South America Toluene Diisocyanate Market Value Share Analysis, by Country 13.6. South America Toluene Diisocyanate Market Forecast, by Country 13.6.1. Brazil 13.6.2. Mexico 13.6.3. Rest of South America 13.7. South America Toluene Diisocyanate Market Analysis, by Country 13.8. Brazil Toluene Diisocyanate Market Forecast, by Application 13.8.1. Flexible Foam 13.8.2. RIGID FOAM 13.8.3. Coatings 13.8.4. Adhesive & Sealants 13.8.5. Elastomers 13.9. Mexico Toluene Diisocyanate Market Forecast, by Application 13.9.1. Flexible Foam 13.9.2. RIGID FOAM 13.9.3. Coatings 13.9.4. Adhesive & Sealants 13.9.5. Elastomers 13.10. Rest of South America Toluene Diisocyanate Market Forecast, by Application 13.10.1. Flexible Foam 13.10.2. RIGID FOAM 13.10.3. Coatings 13.10.4. Adhesive & Sealants 13.10.5. Elastomers 13.11. South America Toluene Diisocyanate Market Attractiveness Analysis 13.11.1. By Application 13.12. PEST Analysis 13.13. Key Trends 13.14. Key Developments 14. Company Profiles 14.1. Market Share Analysis, by Company 14.2. Competition Matrix 14.2.1. Competitive Benchmarking of key players by price, presence, market share, Vehicles and R&D investment 14.2.2. New Product Launches and Product Enhancements 14.2.3. Market Consolidation 14.2.3.1. M&A by Regions, Investment and Vehicles 14.2.3.2. M&A Key Players, Forward Integration and Backward 14.2.3.3. Integration 14.3. Company Profiles: Key Players 14.3.1. Tosoh Corporation 14.3.1.1. Company Overview 14.3.1.2. Financial Overview 14.3.1.3. Product Portfolio 14.3.1.4. Business Strategy 14.3.1.5. Recent Developments 14.3.1.6. Development Footprint 14.3.2. BASF SE 14.3.3. The Dow Chemical Company 14.3.4. LANXESS, Covestro 14.3.5. Mitsui Chemicals, Inc. 14.3.6. Wanhua Chemical Group Co. Ltd. 14.3.7. Cangzhou Dahua Group Co. Ltd. 14.3.8. China National Bluestar (Group) Co., Ltd. 14.3.9. Anderson Development 14.3.10. Bayer MaterialScience LLC 14.3.11. Huntsman Corporation 14.3.12. Nan Ya Plastics 14.3.13. BorsodChem 14.3.14. Overseas Polymers Pvt. Ltd. 14.3.15. Lyondell Chemical Company 14.3.16. ChemChina Petrochemicals Co. Ltd., 14.3.17. Vencorex Holding SAS 14.3.18. Covestro AG 14.3.19. TSE Industries, Inc. 14.3.20. SIMEL Chemical Industry Co., Ltd. 15. Primary Key Insights