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Global Toluene Diisocyanate Market 2017-2021

Global Toluene Diisocyanate Market 2017-2021

About Toluene Diisocyanate

Toluene diisocyanate (TDI) is a part of the diisocyanate family and refers to a pale yellow (pungent odor) or a colorless liquid (chemical) that is used in the manufacture of polyurethanes (PUs), primarily in flexible foam applications such as carpet and bedding underlay, furniture, and packaging applications. TDI also finds application in the manufacture of sealants, elastomers, adhesives, and coatings. The global TDI market is segmented based on end-users and geography. By end-users, the market is divided into flexible foam, coatings, elastomers, rigid foam, and adhesives and sealants.

Technavio’s analysts forecast the global toluene diisocyanate market to grow at a CAGR of 4.97% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global toluene diisocyanate market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Toluene Diisocyanate Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • Cangzhou Dahua Group
  • Covestro
  • Mitsui Chemicals
  • The Dow Chemical Company
Other prominent vendors
  • China National Bluestar
  • Hanwha Chemical
  • KPX chemical
  • NAN YA PLASTICS CORPORATION
  • OCI
  • OVERSEAS POLYMERS
  • Tosoh
  • Vencorex
  • Wanhua Chemical Group
  • Yantai Juli Fine Chemical
Market driver
  • Increasing customer need and demand for TDI in mattresses, bedding, and furniture
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in prices of natural gas or crude oil
  • For a full, detailed list, view our report
Market trend
  • Phosgene‐free channel to TDI production
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Toluene Diisocyanate Market 2017-2021

Technavio recognizes the following companies as the key players in the global toluene diisocyanate market: BASF, Cangzhou Dahua Group, Covestro, Mitsui Chemicals, and The Dow Chemical Company.

Other Prominent Vendors in the market are: China National Bluestar, Hanwha Chemical, KPX chemical, NAN YA PLASTICS CORPORATION, OCI, OVERSEAS POLYMERS, Tosoh, Vencorex, Wanhua Chemical Group, and Yantai Juli Fine Chemical.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is phosgene‐free channel to TDI production. The conventional channel used for the manufacture of TDI starts with the process of toluene nitration using nitric acid. This further leads to the emanation of phosgene. Phosgene refers to a colorless poisonous gas resulting from a reaction of CO2 and chlorine.”

According to the report, one driver in the market is increasing customer need and demand for TDI in mattresses, bedding, and furniture. The global demand for the use of TDI in flexible foams, particularly for mattresses and bedding, is on the rise. The reason for the increasing demand is due to the extent of comfort TDI offers as an integral part of PU foams. Modern offices and homes would be less comfortable without the use of PU foams. Flexible foams in furniture, bedding, and mattresses are soft, yet offer good support and sustain their shape. Furthermore, flexible foams are durable. The global flexible foam market for furniture and bedding applications was valued at $14.58 billion in 2016 and is expected to reach $19.24 billion by 2021, growing at a CAGR of 5.70% during the forecast period.

Further, the report states that one challenge in the market is fluctuations in prices of natural gas or crude oil. The global TDI market is influenced by the fluctuations in the prices of crude oil or natural gas. Chemical compounds, such as propylene and benzene, are used in the production of TDI. The fluctuation in the prices of these essential materials further makes it difficult for TDI manufacturers to set prices for the TDI products manufactured by them. The continual rise in crude oil and toluene prices is observed since 2009. As per Energy Information Administration (EIA), the average price of natural gas in January 2010 was $5.59 per million Btu. The price dipped down with the passage of time and reflected an average price of $3.34 per million Btu in January 2013.

Companies Mentioned

BASF, Cangzhou Dahua Group, Covestro, Mitsui Chemicals, and The Dow Chemical Company, China National Bluestar, Hanwha Chemical, KPX chemical, NAN YA PLASTICS CORPORATION, OCI, OVERSEAS POLYMERS, Tosoh, Vencorex, Wanhua Chemical Group, and Yantai Juli Fine Chemical.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table TDI: Physical properties
      • Table Steps involved in the production of TDI
  • Market landscape
    • Market overview
      • Table Global TDI market overview
    • Market size and forecast
      • Table Global TDI market 2016 and 2021 ($ millions)
      • Table Market forecast: Global TDI market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global TDI market by end-user
      • Table Global TDI market by end-user 2016 and 2021
      • Table Global TDI market by end-user 2016 and 2021 ($ millions)
    • Global TDI market for flexible foam
      • Table Global TDI market for flexible foam 2016 and 2021 ($ millions)
      • Table Market forecast: Global TDI market for flexible foam 2016-2021
    • Global TDI market for coatings
      • Table Global TDI market for coatings 2016 and 2021 ($ millions)
      • Table Market forecast: Global TDI market for coatings 2016-2021
    • Global TDI market for elastomers
      • Table Global TDI market for elastomers 2016 and 2021 ($ millions)
      • Table Market forecast: Global TDI market for elastomers 2016-2021
    • Global TDI market for rigid foam
      • Table Global TDI market for rigid foam 2016 and 2021 ($ millions)
      • Table Market forecast: Global TDI market for rigid foam 2016-2021
      • Table Application of PU foams
    • Global TDI market for adhesives and sealants
      • Table Global TDI market for adhesives and sealants 2016 and 2021 ($ millions)
      • Table Market forecast: Global TDI market for adhesives and sealants 2016-2021
  • Geographic segmentation
    • Global TDI market by geography
      • Table Global TDI market by geography 2016 and 2021 ($ millions)
      • Table TDI market by geography 2016 and 2021 ($ millions)
    • TDI market in APAC
      • Table TDI market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: TDI market in APAC 2016-2021
    • TDI market in EMEA
      • Table TDI market in EMEA 2016 and 2021 ($ millions)
      • Table Market forecast: TDI market in EMEA 2016-2021
    • TDI market in Americas
      • Table TDI market in Americas 2016 and 2021 ($ millions)
      • Table Market forecast: TDI market in Americas 2016-2021
      • Table Groups and agencies governing exposure limits for TDI vapors
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global flexible foams market by application 2016
    • Market challenges
  • Market trends
    • Phosgene free channel to TDI production
    • Progression of TDI-based systems associated with hot cast PU elastomers
    • TDI neutralization using chemical and natural methods
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Global TDI market: Key market vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographic segmentation by revenue 2016
      • Table BASF: TDI products
      • Table BASF: Hot cast PU elastomers
    • Cangzhou Dahua Group
      • Table Cangzhou Dahua Group: Business segmentation
      • Table Cangzhou Dahua Group: TDI product information
    • Covestro
      • Table Covestro: Business segmentation
      • Table Covestro: Business segmentation by revenue 2016
      • Table Covestro: Geographic segmentation by revenue 2016
      • Table Covestro: TDI prepolymers (solvent-free blocked)
      • Table Covestro: Hardeners for industrial adhesives (reactive and high-performance)
      • Table Covestro: TDI-based aromatic crosslinkers for adhesives and coatings
      • Table Covestro: TDI-based prepolymers
      • Table Covestro: Monomeric TDI products for adhesives and coatings
    • Mitsui Chemicals
      • Table Mitsui Chemicals: Business segmentation by sector
      • Table Mitsui Chemicals: Business segmentation by revenue 2016
      • Table Mitsui Chemicals: Geographic segmentation by revenue 2016
    • The Dow Chemical Company
      • Table The Dow Chemical Company: Business segmentation by revenue 2016
      • Table The Dow Chemical Company: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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