1. Executive Summary

2. Research Scope and Methodology

• 2.1 Aim & Objective of the study
• 2.2 Market Definition
• 2.3 Study Information
• 2.4 General Study Assumptions
• 2.5 Research Phases

3. Market Analysis

• 3.1 Introduction
• 3.2 Market Dynamics
  • 3.2.1 Drivers
  • 3.2.2 Restraints
• 3.3 Market Trends & Developments
• 3.4 Market Opportunities
• 3.5 Feedstock Analysis
• 3.6 Regulatory Policies
• 3.7 Analysis of Covid-19 Impact

4. Industry Analysis

• 4.1 Supply Chain Analysis
• 4.2 Porter’s Five Forces Analysis
  • 4.2.1 Competition in the Industry
  • 4.2.2 Potential of New Entrants into the Industry
  • 4.2.3 Bargaining Power of Suppliers
  • 4.2.4 Bargaining Power of Consumers
  • 4.2.5 Threat of substitute products

5. Market Segmentation & Forecast

By Application

• 5.1.1

Foams

• 5.1.2

Coatings

• 5.1.3

Adhesives and Sealants

• 5.1.4

Elastomers

• 5.1.5

Others

• 5.2 By End-user Industry
  • 5.2.1

Furniture and Interiors

• 5.2.2

Building and Construction

• 5.2.3

Electronics

• 5.2.4 Automotive
• 5.2.5 Packaging
• 5.2.6 Others

6. Regional Market Analysis

• 6.1 North America
  • 6.1.1 United States
  • 6.1.2 Canada
  • 6.1.3 Mexico
• 6.2 Europe
  • 6.2.1 Germany
  • 6.2.2 United Kingdom
  • 6.2.3 Italy
  • 6.2.4 France
  • 6.2.5 Rest of Europe
• 6.3 Asia-Pacific
  • 6.3.1 China
  • 6.3.2 India
  • 6.3.3 Japan
  • 6.3.4 South Korea
  • 6.3.5 Rest of Asia-Pacific
• 6.4 South America
  • 6.4.1 Brazil
  • 6.4.2 Argentina
  • 6.4.3 Rest of South America
• 6.5 Middle East & Africa
  • 6.5.1 South Africa
  • 6.5.2 Saudi Arabia
  • 6.5.3 Rest of Middle East & Africa

7. Key Company Profiles

• 7.1

Alfa Aesar, Thermo Fisher Scientific

• 7.2

BASF

• 7.3

Covestro AG

• 7.4

Dow Group

• 7.5

Hanwha Group

• 7.6

KH Chemicals

• 7.7

Mitsui Chemicals, Inc.

• 7.8

Sigma-Aldrich

• 7.9

SIMEL Chemical Industry Co., Ltd.

• 7.10

TCI

• 7.11

Tosoh Corporation

• 7.12

TSE Industries, Inc.

*List of companies is not exhaustive

8. Competitive Landscape

• 8.1 List of Notable Players in the Market
• 8.2 M&A, JV, and Agreements
• 8.3 Market Share Analysis
• 8.4 Strategies of Key Players

9. Conclusions and Recommendations

Toluene diisocyanate (TDI) is the aromatic diisocyanate used in the production of polyurethanes, primarily for flexible foam applications. TDI is also utilized in the manufacture of coatings, sealants, adhesives, and elastomers. According to BlueQuark Research & Consulting, the global Toluene Diisocyanate (TDI) market is expected to witness a significant growth rate during the forecast period. The rising demand for flexible foams used in bedding and furniture, carpet underlay, as well as packaging applications, is likely to drive the market. Further, the growing demand for toluene diisocyanate (TDI) in automotive industries (TDI is used to make automobile parts lighter), leading to improvements in vehicle fuel efficiency and thus energy conservation. However, overexposure to TDI may lead to lung and skin sensitization among workers and has been documented to cause lung damage, asthma, and in severe cases, fatal reactions, which is expected to hinder the growth of the global toluene diisocyanate (TDI) market.

Asia-Pacific is expected to lead the market due to the continuous growth and demand for toluene diisocyanate (TDI) from end-user industries, mainly furniture and interiors, building and construction, and automotive from developing countries like China and India. Further, rising demand from the industrial and infrastructural sectors leads to the production of paints and coatings, hence driving the toluene diisocyanate (TDI) in the Asia-Pacific region.

Increasing demand for foams due to their excellent properties like durability, high resistance towards chemicals, better insulation, easy recycling, and thermal stability at high temperatures is expected to drive the studies market. Further, the rising number of constructions that promote energy-efficient structures are gradually moving toward building strategies that deliver energy savings and performance in the long run.

The global Toluene Diisocyanate market is fragmented. Some of the key players in the market are Tosoh Corporation, SIMEL Chemical Industry Co., Ltd., BASF SE, Covestro AG, and TSE Industries, Inc., among others.

In April 2020, BASF and its long-time partner Shandong INOV Polyurethane had signed a framework agreement designed to serve increasing demand from several industries in China and overseas. As part of the deal, the companies will expand capacities of toluene diisocyanate (TDI), diphenylmethane diisocyanate (MDI), and polytetrahydrofuran (PolyTHF).

Global Toluene Diisocyanate (TDI) Market report provides deep insight into the current and future state of the Toluene Diisocyanate (TDI) market across various regions. The study comprehensively analyzes the Toluene Diisocyanate (TDI) market by segmenting based on geography, by Application (Foams, Coatings, Adhesives and Sealants, Elastomers, and Others), by End-user Industry (Furniture and Interiors, Building and Construction, Electronics, Automotive, Packaging, and Others). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape section with profiles of major companies, including their market shares and projects.