Toluene Diisocyanate (TDI) Market Report: Trends, Forecast and Competitive Analysis to 2030

Toluene Diisocyanate (TDI) Trends and Forecast

The future of the global toluene diisocyanate (TDI) market looks promising with opportunities in the flexible foam, paint & coating, elastomer, binder, adhesive, and sealant applications. The global toluene diisocyanate (TDI) market is expected to reach an estimated $2.5 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rising demand for flexible foam, growing application of TDI in rigid foam, and expanding demand for TDI based coatings and adhesives.

A more than 150-page report is developed to help in your business decisions.

Toluene Diisocyanate (TDI) by Segment

The study includes a forecast for the global toluene diisocyanate (TDI) by form, application, and region.

Toluene Diisocyanate (TDI) Market by Form [Shipment Analysis by Value from 2018 to 2030]:

• 2,4-Toluene Diisocyanate
• 2,6-Toluene Diisocyanate

Toluene Diisocyanate (TDI) Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Flexible Foam
• Paints & Coatings
• Elastomers
• Binders
• Adhesives
• Sealants
• Others

Toluene Diisocyanate (TDI) Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Toluene Diisocyanate (TDI) Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies toluene diisocyanate (TDI) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the toluene diisocyanate (TDI) companies profiled in this report include-

• BASF
• Dow Chemical
• Mitsui Chemicals
• Wanhua Chemical
• Cangzhou Dahua

Toluene Diisocyanate (TDI) Market Insights

Lucintel forecasts that 2,4-toluene diisocyanate will remain the larger segment over the forecast period due to its desirable properties, such as high reactivity and good compatibility with other polyurethane materials.

APAC will remain the largest region over the forecast period.

Features of the Global Toluene Diisocyanate (TDI) Market

Market Size Estimates: Toluene diisocyanate (TDI) market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Toluene diisocyanate (TDI) market size by form, application, and region in terms of value ($B).

Regional Analysis: Toluene diisocyanate (TDI) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different forms, applications, and regions for the toluene diisocyanate (TDI) market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the toluene diisocyanate (TDI) market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the toluene diisocyanate (TDI) market size?

Answer: The global toluene diisocyanate (TDI) market is expected to reach an estimated $2.5 billion by 2030.

Q2. What is the growth forecast for toluene diisocyanate (TDI) market?

Answer: The global toluene diisocyanate (TDI) market is expected to grow with a CAGR of 5.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the toluene diisocyanate (TDI) market?

Answer: The major drivers for this market are rising demand for flexible foam, growing application of TDI in rigid foam, and expanding demand for TDI based coatings and adhesives.

Q4. What are the major segments for toluene diisocyanate (TDI) market?

Answer: The future of the toluene diisocyanate (TDI) market looks promising with opportunities in the flexible foam, paint & coating, elastomer, binder, adhesive, and sealant applications.

Q5. Who are the key toluene diisocyanate (TDI) market companies?

Answer: Some of the key toluene diisocyanate (TDI) companies are as follows:

• BASF
• Dow Chemical
• Mitsui Chemicals
• Wanhua Chemical
• Cangzhou Dahua

Q6. Which toluene diisocyanate (TDI) market segment will be the largest in future?

Answer: Lucintel forecasts that 2,4-toluene diisocyanate will remain the larger segment over the forecast period due to its desirable properties, such as high reactivity and good compatibility with other polyurethane materials.

Q7. In toluene diisocyanate (TDI) market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the toluene diisocyanate (TDI) market by product type (2,4-toluene diisocyanate and 2,6-toluene diisocyanate), application (flexible foam, paints & coatings, elastomers, binders, adhesives, sealants, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?