Toluene diisocyanate (TDI) is an organic compound used in polyurethane production, primarily for flexible foam applications, including bedding and furniture, carpet underlay, and packaging applications. TDI is also utilized in the manufacture of coatings, sealants, adhesives, and elastomers. Furthermore, isocyanate functional groups in Toluene Diisocyanate form urethane when it reacts with hydroxyl. Also, TDI or Toluene Diisocyanate is used to boost octane in gasoline.
MARKET DYNAMICS
The toluene diisocyanate market has witnessed a significant growth owing to factors such as growing demand for comfortable seating in automobiles and furniture. Moreover, the increasing demand for flexible polyurethane foams provide a huge market opportunity for the key players operating in the toluene diisocyanate market. However, rise in raw materials prices is projected to hamper the overall growth of the toluene diisocyanate market.
MARKET SCOPE
The "Global Toluene Diisocyanate Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the toluene diisocyanate market with detailed market segmentation application, and geography. The global toluene diisocyanate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading toluene diisocyanate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global toluene diisocyanate market is segmented on the basis of application. On the basis of application, the global toluene diisocyanate market is divided into flexible foam, rigid foam, coatings, adhesives, and sealants and elastomers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global toluene diisocyanate market based on various segments. It also provides marketsize and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The toluene diisocyanate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the toluene diisocyanate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the toluene diisocyanate market in these regions.
MARKET PLAYERS
The reports cover key developments in the toluene diisocyanate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market pl ayers from toluene diisocyanate market is anticipated to lucrative growth opportunities in the future with the rising demand for toluene diisocyanate in the global market. Below mentioned is the list of few companies engaged in the toluene diisocyanate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the toluene diisocyanate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
BASF SE
Bayer AG
BorsodChem
ChemChina Petrochemicals Co. Ltd.
Huntsman Corporation.
Lyondell Chemical Company
Mitsui Chemicals, Inc.
Nan Ya Plastics
Overseas Polymers Pvt. Ltd.
The Dow Chemical Company
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