デフォルト表紙
市場調査レポート
商品コード
1638709

トルエンジイソシアネート (TDI) 市場の評価:用途・エンドユーザー産業・地域別の機会および予測 (2018-2032年)

Toluene Diisocyanate Market Assessment, By Application, By End-user Industry, By Region, Opportunities and Forecast, 2018-2032F


出版日
ページ情報
英文 222 Pages
納期
3~5営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=146.99円
トルエンジイソシアネート (TDI) 市場の評価:用途・エンドユーザー産業・地域別の機会および予測 (2018-2032年)
出版日: 2025年01月22日
発行: Market Xcel - Markets and Data
ページ情報: 英文 222 Pages
納期: 3~5営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界のトルエンジイソシアネート (TDI) の市場規模は、2024年の50億5,000万米ドルから、予測期間中はCAGR 4.83%で推移し、2032年には73億6,000万米ドルに成長すると予測されています。

TDIの主な用途は軟質ポリウレタンフォームで、家具、寝具、自動車産業のシートなどに広く使われています。また、断熱材としての硬質発泡体、耐久性を目的としたコーティング、接着剤としての接合にも使用されています。

ポリウレタンをベースとした製品の弾力性と適応性の高さから、建設、自動車、エレクトロニクスがTDIの主要な消費産業となっています。さらに最近では、世界の環境規制の影響を受け、環境に優しく持続可能な生産への需要が高まっています。

アジア太平洋は急速な工業化と都市化でリードしており、北米と欧州も主要な貢献国です。TDI市場もまた、製造プロセスの革新と新興分野への用途拡大によって進化しています。

当レポートでは、世界のトルエンジイソシアネート (TDI) の市場を調査し、市場の定義と概要、市場規模の推移・予測、各種区分別の詳細分析、産業構造、市場成長への影響因子の分析、ケーススタディ、競合情勢、主要企業のプロファイルなどをまとめています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

  • 回答者の人口統計
  • 購入決定時に考慮される要素

第5章 世界のトルエンジイソシアネート (TDI) 市場の展望

  • 市場規模の分析・予測
  • 市場シェアの分析・予測
    • 用途別
    • エンドユーザー産業別
    • 地域別
    • 企業シェア分析 (上位5社およびその他)
  • 市場マップ分析

第6章 北米のトルエンジイソシアネート (TDI) 市場の展望

  • 市場規模の分析・予測
  • 市場シェアの分析・予測
  • 国別市場評価
    • 米国
    • カナダ
    • メキシコ

第7章 欧州のトルエンジイソシアネート (TDI) 市場の展望

  • ドイツ
  • フランス
  • イタリア
  • 英国
  • ロシア
  • オランダ
  • スペイン
  • トルコ
  • ポーランド

第8章 アジア太平洋のトルエンジイソシアネート (TDI) 市場の展望

  • インド
  • 中国
  • 日本
  • オーストラリア
  • ベトナム
  • 韓国
  • インドネシア
  • フィリピン

第9章 南米のトルエンジイソシアネート (TDI) 市場の展望

  • ブラジル
  • アルゼンチン

第10章 中東・アフリカのトルエンジイソシアネート (TDI) 市場の展望

  • サウジアラビア
  • UAE
  • 南アフリカ

第11章 ポーターのファイブフォース分析

第12章 PESTLE分析

第13章 市場力学

  • 市場促進要因
  • 市場の課題

第14章 市場動向・展開

第15章 ケーススタディ

第16章 競合情勢

  • 上位5社の競合マトリックス
  • 上位5社のSWOT分析
  • 上位10社の情勢
    • Covestro AG
    • Tosoh Asia Pte. Ltd.
    • BASF SE
    • Dow Inc.
    • Sadara Chemical Company
    • Mitsui Chemicals, Inc.
    • Wanhua Chemical Group Co., Ltd
    • Cangzhou Dahua Group Co. Ltd
    • Gujarat Narmada Valley Fertilizers & Chemicals Limited
    • Hanwha Corporation

第17章 戦略的提言

第18章 当社について・免責事項

図表

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. Global Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 2. Global Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 3. Global Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 4. Global Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 5. Global Toluene Diisocyanate Market Share (%), By Region, 2018-2032F
  • Figure 6. North America Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 7. North America Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 8. North America Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 9. North America Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 10. North America Toluene Diisocyanate Market Share (%), By Country, 2018-2032F
  • Figure 11. United States Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 12. United States Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 13. United States Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 14. United States Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 15. Canada Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 16. Canada Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 17. Canada Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 18. Canada Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 19. Mexico Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 20. Mexico Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 21. Mexico Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 22. Mexico Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 23. Europe Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 24. Europe Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 25. Europe Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 26. Europe Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 27. Europe Toluene Diisocyanate Market Share (%), By Country, 2018-2032F
  • Figure 28. Germany Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 29. Germany Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 30. Germany Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 31. Germany Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 32. France Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 33. France Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 34. France Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 35. France Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 36. Italy Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 37. Italy Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 38. Italy Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 39. Italy Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 40. United Kingdom Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 41. United Kingdom Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 42. United Kingdom Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 43. United Kingdom Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 44. Russia Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 45. Russia Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 46. Russia Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 47. Russia Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 48. Netherlands Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 49. Netherlands Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 50. Netherlands Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 51. Netherlands Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 52. Spain Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 53. Spain Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 54. Spain Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 55. Spain Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 56. Turkey Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 57. Turkey Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 58. Turkey Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 59. Turkey Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 60. Poland Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 61. Poland Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 62. Poland Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 63. Poland Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 64. South America Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 65. South America Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 66. South America Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 67. South America Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 68. South America Toluene Diisocyanate Market Share (%), By Country, 2018-2032F
  • Figure 69. Brazil Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 70. Brazil Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 71. Brazil Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 72. Brazil Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 73. Argentina Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 74. Argentina Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 75. Argentina Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 76. Argentina Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 77. Asia-Pacific Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 78. Asia-Pacific Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 79. Asia-Pacific Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 80. Asia-Pacific Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 81. Asia-Pacific Toluene Diisocyanate Market Share (%), By Country, 2018-2032F
  • Figure 82. India Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 83. India Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 84. India Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 85. India Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 86. China Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 87. China Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 88. China Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 89. China Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 90. Japan Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 91. Japan Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 92. Japan Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 93. Japan Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 94. Australia Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 95. Australia Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 96. Australia Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 97. Australia Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 98. Vietnam Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 99. Vietnam Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 100. Vietnam Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 101. Vietnam Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 102. South Korea Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 103. South Korea Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 104. South Korea Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 105. South Korea Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 106. Indonesia Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 107. Indonesia Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 108. Indonesia Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 109. Indonesia Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 110. Philippines Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 111. Philippines Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 112. Philippines Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 113. Philippines Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 114. Middle East & Africa Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 115. Middle East & Africa Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 116. Middle East & Africa Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 117. Middle East & Africa Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 118. Middle East & Africa Toluene Diisocyanate Market Share (%), By Country, 2018-2032F
  • Figure 119. Saudi Arabia Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 120. Saudi Arabia Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 121. Saudi Arabia Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 122. Saudi Arabia Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 123. UAE Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 124. UAE Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 125. UAE Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 126. UAE Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 127. South Africa Toluene Diisocyanate Market, By Value, In USD Billion, 2018-2032F
  • Figure 128. South Africa Toluene Diisocyanate Market, By Volume, in Thousand Tons, 2018-2032F
  • Figure 129. South Africa Toluene Diisocyanate Market Share (%), By Application, 2018-2032F
  • Figure 130. South Africa Toluene Diisocyanate Market Share (%), By End-user Industry, 2018-2032F
  • Figure 131. By Application Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 132. By End-user Industry Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 133. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024
目次
Product Code: MX12621

Global toluene diisocyante market is projected to witness a CAGR of 4.83% during the forecast period 2025-2032, growing from USD 5.05 billion in 2024 to USD 7.36 billion in 2032. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.

Toluene diisocyanate (TDI) is an essential chemical intermediate mainly used to formulate polyurethane-based products. TDI is a liquid from pale yellow to colorless; it has a strong penetrating smell and is made by hydrogenation of toluene, which is obtained from the petrochemical feedstock. Toluene diisocyanate (TDI) which is a group called isocyanates due to their high reactivity level, makes it a prominent monomer used in the flexible and rigid foam, coatings, sealants, adhesives, and elastomers.

The main applications of TDI are in flexible polyurethane foams, widely used for furniture, bedding, and seats in the automotive industry. It is also used for rigid foams as insulating materials, coatings for durability purposes, and bonding as adhesives in industries.

Construction, automotive, and electronics are among the leading consumers of TDI due to the resilience and adaptability of polyurethane-based products. More recently, there is an increased demand for the adoption of eco-friendly and sustainable production as influenced by the environmental rules around the world.

Asia-Pacific leads with swift industrialization and urbanization while North America and Europe are major contributors. The TDI market is also evolving with innovations in manufacturing processes and expanding applications into emerging sectors. In 2023, Wanhua Chemicals, Covestro, BASF, and Dow are the leading players contributing more than 50% of the total market share.

Rising Demand for Polyurethane in Key Industries Drives the Growth of the Toluene Diisocyanate (TDI) Market

Global toluene diisocyanate (TDI) market is motivated by the increasing demand for polyurethane (PU) in the furniture, construction, and automotive industries. As a major precursor in flexible PU foam production, TDI is widely used in mattresses, cushions, and seating systems. Increasing demands for lightweight, durable, and energy-efficient materials in automotive and building insulation have further driven the growth of TDI. The increasing trends in e-commerce have boosted the demand for protective packaging where PU foam has an important contribution to make towards the consumption of TDI.

Advances in the technology and innovations of the manufacturing process have made the process cost-effective and improved product quality, hence increasing demand for TDI. Government initiatives supporting energy-efficient construction materials along with growing urbanization are the reason for this market growth.

In April 2024, Mitsui Chemicals, Inc. announced it would optimize the production capacity of the TDI plant at Omuta Works by July 2025. The company will cut output from 120,000 tons per year to 50,000 tons annually, in line with global supply-demand dynamics. This will keep domestic TDI supply while diversifying the focus of the plant towards high-performance products such as ophthalmic lenses and agrochemical materials.

Advancing Sustainability and Circular Economy to Drive the Toluene Diisocyanate (TDI) Market

The TDI market is growing at a significant rate, driven by the increasing demand for environmentally friendly solutions in polyurethane (PU) manufacturing and a trend toward greater sustainability in key production industries such as construction, automotive, and furniture. TDI is a critical ingredient in PU foams and is extensively used in applications like insulation, seat systems, and mattresses, with an emphasis on energy-saving and lightweight materials.

Governments worldwide impose stricter environmental regulations and carbon reduction targets, compelling manufacturers to adopt sustainable practices and raw materials. This trend is promoting the use of circular and recycled feedstocks, which can be utilized to produce low-emission TDI and PU products. Technological advances in chemical recycling and bio-based alternatives are further enhancing market potential by reducing dependency on fossil-based resources.

Circular economic principles are reshaping the competitive landscape as major players increasingly seek partnerships and innovations to make their supply chains more sustainable. There is a growing demand for ISCC PLUS certified circular chemicals as companies strive to align themselves with global sustainability goals, which also help reduce Scope 3 emissions and address environmental concerns.

In January 2024, Covestro signed a long-term supply agreement with Encina, a US-based producer of ISCC PLUS-certified circular chemicals, to supply chemically recycled benzene and toluene. These materials will start to support the sustainable production of TDI, MDI, and polycarbonate from 2027 onwards. The partnership underlines Covestro's ambition to advance the circular economy and reduce carbon footprints, further enhancing its leadership in sustainable polymer innovation.

In December 2023, the investment in the modernization of Covestro's TDI production facility in Dormagen, Europe, is a good example. Advanced technologies such as the gas-phase process are leveraged to enhance sustainability and energy efficiency.

Dominance of Flexible Foams Application in the Market

Flexible foams dominate the toluene diisocyanate (TDI) market, particularly due to their wide range of applications in the furniture, bedding, and automotive industries. As an integral component of polyurethane (PU) foams, TDI ensures the production of lightweight, strong, and versatile materials that meet the increasing demands for comfort and energy efficiency. Flexible foams are extensively used in mattresses, cushions, and seating systems, all of which contribute to modern living standards.

In the bedding industry, consumers are increasingly favoring high-quality sustainable sleep solutions. Consequently, manufacturers are focusing on innovations in foam production that incorporate renewable feedstocks and environmentally friendly processes. Sustainability trends, coupled with government regulations, also drive the adoption of bio-based and recyclable materials to ensure environmental compliance and support market growth.

In September 2024, BASF and Future Foam announced the first commercial production of flexible foam for bedding using 100 percent domestically produced Biomass Balance (BMB) Lupranate T 80 TDI. The achievement marks a new milestone in increasing sustainability in foam production, aligning with the commitment both companies have made to promote eco-friendly solutions in bedding.

Asia-Pacific to Witness Highest Growth Rate in Toluene Diisocyanate Market

Asia-Pacific is expected to experience the highest growth rate in the toluene diisocyanate market due to increasing investments in advanced manufacturing technologies and infrastructure projects. Countries such as China, India, and Southeast Asia are witnessing surging demand for flexible polyurethane (PU) foams, used extensively in bedding, furniture, and automotive industries. The region is rapidly urbanizing and industrializing, and it is populated by a growing middle class who demand quality mattresses, high-quality insulation materials, and lighter automotive components.

Asia-Pacific has a competitive advantage in its low-cost manufacturing environment, with ample raw materials; it has been a desirable hub for global TDI producers. Technological innovations in the production process further support the region's capabilities to meet global sustainability and energy-efficiency standards. Manufacturers are increasingly adopting energy-efficient and environmentally friendly technologies to be more aligned with global trends towards sustainability.

In April 2023, Wanhua Chemical (Fujian) site started production of TDI with an annual capacity of 250 thousand tons based on advanced and environmentally friendly technologies to meet the ongoing demand in Asia-Pacific.

Future Market Scenario (2025 - 2032F)

The automotive industry will drive demand for lightweight PU foams, while the need for energy-efficient insulation materials in the construction sector will further drive growth.

Manufacturers are adopting bio-based and recycled raw materials, mainly because of government regulations and increased demand for low-emission and environmentally friendly products.

Advanced technologies like gas-phase processes and energy-efficient reactors are expected to enhance the production capacity of toluene diisocyanate with reduced costs and energy consumption.

Strategic partnerships for sustainable raw materials, as well as digitalization in manufacturing, will determine process efficiency and innovation. Such approaches will make the manufacturers respond to market trends while facing environmental and operational challenges.

Key Players Landscape and Outlook

Global toluene diisocyanate market is highly competitive, and players compete over the expansion of capacity, technology innovation, and sustainability for sustainable shares. Among them, BASF SE, Covestro, and Wanhua Chemical are major players that have been actively upgrading the manufacturing capacity and investing in more sophisticated technologies to keep pace with the increased demand for PU products. Manufacturers largely base their production on sustainability initiatives such as the use of feedstocks from biomass and recycling technologies to cope with the strict environmental regulations and consumer preferences.

The prospects in the toluene diisocyanate market are extremely promising with increasing applications in the automotive, construction, and bedding industries.

For Instance, in April 2024, Wanhua Chemical announced the Phase II Expansion Project for TDI, which will have a capacity of 360,000 tons per year. In Phase I, the production capacity was increased from 250,000 tons per year to 360,000 tons per year. Following the incorporation of Phase I & II, the overall capacity will rise by an additional 470,000 tons, bringing the total TDI production capacity to 1.42 million tons per year. This development will help the company maintain its leading position in the TDI market.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Respondent Demographics
  • 4.2. Factors Considered in Purchase Decisions
    • 4.2.1. Quality and Reliability
    • 4.2.2. Cost-effectiveness
    • 4.2.3. Product Performance
    • 4.2.4. Price

5. Global Toluene Diisocyanate Market Outlook, 2018-2032F

  • 5.1. Market Size Analysis & Forecast
    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Application
      • 5.2.1.1. Flexible Foams
      • 5.2.1.2. Rigid Foams
      • 5.2.1.3. Coatings
      • 5.2.1.4. Elastomers
      • 5.2.1.5. Adhesives and Sealants
      • 5.2.1.6. Others
    • 5.2.2. By End-user Industry
      • 5.2.2.1. Building and Construction
      • 5.2.2.2. Furniture and Bedding
      • 5.2.2.3. Electronics and Appliances
      • 5.2.2.4. Automotive
      • 5.2.2.5. Footwear
      • 5.2.2.6. Others
    • 5.2.3. By Region
      • 5.2.3.1. North America
      • 5.2.3.2. Europe
      • 5.2.3.3. Asia-Pacific
      • 5.2.3.4. South America
      • 5.2.3.5. Middle East and Africa
    • 5.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
  • 5.3. Market Map Analysis, 2024
    • 5.3.1. By Application
    • 5.3.2. By End-user Industry
    • 5.3.3. By Region

6. North America Toluene Diisocyanate Market Outlook, 2018-2032F*

  • 6.1. Market Size Analysis & Forecast
    • 6.1.1. By Value
    • 6.1.2. By Volume
  • 6.2. Market Share Analysis & Forecast
    • 6.2.1. By Application
      • 6.2.1.1. Flexible Foams
      • 6.2.1.2. Rigid Foams
      • 6.2.1.3. Coatings
      • 6.2.1.4. Elastomers
      • 6.2.1.5. Adhesives and Sealants
      • 6.2.1.6. Others
    • 6.2.2. By End-user Industry
      • 6.2.2.1. Building and Construction
      • 6.2.2.2. Furniture and Bedding
      • 6.2.2.3. Electronics and Appliances
      • 6.2.2.4. Automotive
      • 6.2.2.5. Footwear
      • 6.2.2.6. Others
    • 6.2.3. By Country Share
      • 6.2.3.1. United States
      • 6.2.3.2. Canada
      • 6.2.3.3. Mexico
  • 6.3. Country Market Assessment
    • 6.3.1. United States Toluene Diisocyanate Market Outlook, 2018-2032F*
      • 6.3.1.1. Market Size Analysis & Forecast
        • 6.3.1.1.1. By Value
        • 6.3.1.1.2. By Volume
      • 6.3.1.2. Market Share Analysis & Forecast
        • 6.3.1.2.1. By Application
          • 6.3.1.2.1.1. Flexible Foams
          • 6.3.1.2.1.2. Rigid Foams
          • 6.3.1.2.1.3. Coatings
          • 6.3.1.2.1.4. Elastomers
          • 6.3.1.2.1.5. Adhesives and Sealants
          • 6.3.1.2.1.6. Others
        • 6.3.1.2.2. By End-user Industry
          • 6.3.1.2.2.1. Building and Construction
          • 6.3.1.2.2.2. Furniture and Bedding
          • 6.3.1.2.2.3. Electronics and Appliances
          • 6.3.1.2.2.4. Automotive
          • 6.3.1.2.2.5. Footwear
          • 6.3.1.2.2.6. Others
    • 6.3.2. Canada
    • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Toluene Diisocyanate Market Outlook, 2018-2032F

  • 7.1. Germany
  • 7.2. France
  • 7.3. Italy
  • 7.4. United Kingdom
  • 7.5. Russia
  • 7.6. Netherlands
  • 7.7. Spain
  • 7.8. Turkey
  • 7.9. Poland

8. Asia-Pacific Toluene Diisocyanate Market Outlook, 2018-2032F

  • 8.1. India
  • 8.2. China
  • 8.3. Japan
  • 8.4. Australia
  • 8.5. Vietnam
  • 8.6. South Korea
  • 8.7. Indonesia
  • 8.8. Philippines

9. South America Toluene Diisocyanate Market Outlook, 2018-2032F

  • 9.1. Brazil
  • 9.2. Argentina

10. Middle East and Africa Toluene Diisocyanate Market Outlook, 2018-2032F

  • 10.1. Saudi Arabia
  • 10.2. UAE
  • 10.3. South Africa

11. Porter's Five Forces Analysis

12. PESTLE Analysis

13. Market Dynamics

  • 13.1. Market Drivers
  • 13.2. Market Challenges

14. Market Trends and Developments

15. Case Studies

16. Competitive Landscape

  • 16.1. Competition Matrix of Top 5 Market Leaders
  • 16.2. SWOT Analysis for Top 5 Players
  • 16.3. Key Players Landscape for Top 10 Market Players
    • 16.3.1. Covestro AG
      • 16.3.1.1. Company Details
      • 16.3.1.2. Key Management Personnel
      • 16.3.1.3. Products and Services
      • 16.3.1.4. Financials (As Reported)
      • 16.3.1.5. Key Market Focus and Geographical Presence
      • 16.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 16.3.2. Tosoh Asia Pte. Ltd.
    • 16.3.3. BASF SE
    • 16.3.4. Dow Inc.
    • 16.3.5. Sadara Chemical Company
    • 16.3.6. Mitsui Chemicals, Inc.
    • 16.3.7. Wanhua Chemical Group Co., Ltd
    • 16.3.8. Cangzhou Dahua Group Co. Ltd
    • 16.3.9. Gujarat Narmada Valley Fertilizers & Chemicals Limited
    • 16.3.10. Hanwha Corporation

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

17. Strategic Recommendations

18. About Us and Disclaimer