The global market for Toluene Diisocynate (TDI) was valued at US$ 4874 million in the year 2024 and is projected to reach a revised size of US$ 6807 million by 2031, growing at a CAGR of 5.0% during the forecast period.
Toluene diisocyanate (TDI) is a member of the diisocyanate family associated with polyurethane chemistry. It is often marketed as 80/20 and 65/35 mixtures of the 2,4 and 2,6 isomers respectively.
TDI is one of the main raw materials for polyurethane and an upstream raw material for the production of sponges, polyurethane adhesives and sealants. The TDI production route includes liquid-phase phosgenation and gas-phase phosgenation. Currently, only Covestro uses the gas-phase method, and other devices are liquid-phase methods. There are steps such as nitration, photochemical reaction, and hydrogenation in the TDI reaction process, which has high technical barriers.
Globally, TDI production facilities are mainly distributed in China, Japan, South Korea, Germany, Hungary and the United States. China is the largest TDI producer, accounting for about 45% of the market share. Wanhua Chemical is the world's largest TDI producer, with a total TDI production capacity of 0.95 million tons/year in 2023. In 2024, Wanhua Chemical announced the TDI expansion plan for the Fujian base. After the project expansion is completed, Wanhua Chemical's total TDI production capacity is expected to reach 1.42 million tons/year. With BASF closing its German TDI plant in 2023 and Wanhua Chemical acquiring Yantai Juli's TDI business, the global TDI industry concentration will be further improved.
麻豆原创 Drivers
Increasing Demand from the Polyurethane Industry: The primary market driver for Toluene Diisocyanate (TDI) is its extensive use in the production of polyurethane (PU) products. TDI is a key raw material for flexible polyurethane foams, which are widely used in furniture, bedding, and automotive seating. The growing construction and automotive industries, driven by increasing urbanization and rising disposable incomes, have led to heightened demand for flexible PU foams. TDI is also used in coatings, adhesives, sealants, and elastomers (CASE applications), further contributing to its market growth.
Growth in the Furniture and Bedding Sectors:The rising consumer preference for comfort and the increasing demand for high-quality mattresses and furniture have boosted the need for flexible polyurethane foam, driving the TDI market. The expansion of e-commerce and the trend toward online shopping for home furnishings have also accelerated the demand for PU foam-based products. With the global shift towards more comfortable and ergonomic furniture, TDI consumption is expected to rise in the production of cushions, mattresses, and upholstered furniture.
Rising Automotive Industry Demand:The automotive industry's growth, particularly in emerging markets, is a significant driver for TDI. The use of flexible polyurethane foam in automotive interiors, such as seat cushions, headrests, and soundproofing materials, enhances comfort and safety. As the global automotive industry moves toward electric vehicles (EVs), the need for lightweight materials like PU foam is increasing to enhance fuel efficiency and range, further boosting the demand for TDI.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Toluene Diisocynate (TDI), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Toluene Diisocynate (TDI).
The Toluene Diisocynate (TDI) market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Toluene Diisocynate (TDI) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Toluene Diisocynate (TDI) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
麻豆原创 Segmentation
By Company
Wanhua Chemical
BASF
Mitsui Chemicals
Covestro
Hanwha Chemical
Cangzhou Dahua
Gansu Yinguang Juyin
OCI
GNFC
by Type
TDI 80/20
TDI 65/35
TDI 100
by Application
Flexible Polyurethane Foams
Coating
Adhesives & Sealants
Others
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Toluene Diisocynate (TDI) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Toluene Diisocynate (TDI) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Toluene Diisocynate (TDI) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Toluene Diisocynate (TDI) 麻豆原创 Overview
1.1 Product Definition
1.2 Toluene Diisocynate (TDI) by Type
1.2.1 Global Toluene Diisocynate (TDI) 麻豆原创 Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 TDI 80/20
1.2.3 TDI 65/35
1.2.4 TDI 100
1.3 Toluene Diisocynate (TDI) by Application
1.3.1 Global Toluene Diisocynate (TDI) 麻豆原创 Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Flexible Polyurethane Foams
1.3.3 Coating
1.3.4 Adhesives & Sealants
1.3.5 Others
1.4 Global 麻豆原创 Growth Prospects
1.4.1 Global Toluene Diisocynate (TDI) Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Toluene Diisocynate (TDI) Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Toluene Diisocynate (TDI) Production Estimates and Forecasts (2020-2031)
1.4.4 Global Toluene Diisocynate (TDI) 麻豆原创 Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 麻豆原创 Competition by Manufacturers
2.1 Global Toluene Diisocynate (TDI) Production 麻豆原创 Share by Manufacturers (2020-2025)
2.2 Global Toluene Diisocynate (TDI) Production Value 麻豆原创 Share by Manufacturers (2020-2025)
2.3 Global Key Players of Toluene Diisocynate (TDI), Industry Ranking, 2023 VS 2024
2.4 Global Toluene Diisocynate (TDI) 麻豆原创 Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Toluene Diisocynate (TDI) Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Toluene Diisocynate (TDI), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Toluene Diisocynate (TDI), Product Offered and Application
2.8 Global Key Manufacturers of Toluene Diisocynate (TDI), Date of Enter into This Industry
2.9 Toluene Diisocynate (TDI) 麻豆原创 Competitive Situation and Trends
2.9.1 Toluene Diisocynate (TDI) 麻豆原创 Concentration Rate
2.9.2 Global 5 and 10 Largest Toluene Diisocynate (TDI) Players 麻豆原创 Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Toluene Diisocynate (TDI) Production by Region
3.1 Global Toluene Diisocynate (TDI) Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Toluene Diisocynate (TDI) Production Value by Region (2020-2031)
3.2.1 Global Toluene Diisocynate (TDI) Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Toluene Diisocynate (TDI) by Region (2026-2031)
3.3 Global Toluene Diisocynate (TDI) Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Toluene Diisocynate (TDI) Production Volume by Region (2020-2031)
3.4.1 Global Toluene Diisocynate (TDI) Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Toluene Diisocynate (TDI) by Region (2026-2031)
3.5 Global Toluene Diisocynate (TDI) 麻豆原创 Price Analysis by Region (2020-2025)
3.6 Global Toluene Diisocynate (TDI) Production and Value, Year-over-Year Growth
3.6.1 North America Toluene Diisocynate (TDI) Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Toluene Diisocynate (TDI) Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Toluene Diisocynate (TDI) Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Toluene Diisocynate (TDI) Production Value Estimates and Forecasts (2020-2031)
3.6.5 South Korea Toluene Diisocynate (TDI) Production Value Estimates and Forecasts (2020-2031)
4 Toluene Diisocynate (TDI) Consumption by Region
4.1 Global Toluene Diisocynate (TDI) Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Toluene Diisocynate (TDI) Consumption by Region (2020-2031)
4.2.1 Global Toluene Diisocynate (TDI) Consumption by Region (2020-2025)
4.2.2 Global Toluene Diisocynate (TDI) Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Toluene Diisocynate (TDI) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Toluene Diisocynate (TDI) Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Toluene Diisocynate (TDI) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Toluene Diisocynate (TDI) Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Toluene Diisocynate (TDI) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Toluene Diisocynate (TDI) Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Toluene Diisocynate (TDI) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Toluene Diisocynate (TDI) Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Toluene Diisocynate (TDI) Production by Type (2020-2031)
5.1.1 Global Toluene Diisocynate (TDI) Production by Type (2020-2025)
5.1.2 Global Toluene Diisocynate (TDI) Production by Type (2026-2031)
5.1.3 Global Toluene Diisocynate (TDI) Production 麻豆原创 Share by Type (2020-2031)
5.2 Global Toluene Diisocynate (TDI) Production Value by Type (2020-2031)
5.2.1 Global Toluene Diisocynate (TDI) Production Value by Type (2020-2025)
5.2.2 Global Toluene Diisocynate (TDI) Production Value by Type (2026-2031)
5.2.3 Global Toluene Diisocynate (TDI) Production Value 麻豆原创 Share by Type (2020-2031)
5.3 Global Toluene Diisocynate (TDI) Price by Type (2020-2031)
6 Segment by Application
6.1 Global Toluene Diisocynate (TDI) Production by Application (2020-2031)
6.1.1 Global Toluene Diisocynate (TDI) Production by Application (2020-2025)
6.1.2 Global Toluene Diisocynate (TDI) Production by Application (2026-2031)
6.1.3 Global Toluene Diisocynate (TDI) Production 麻豆原创 Share by Application (2020-2031)
6.2 Global Toluene Diisocynate (TDI) Production Value by Application (2020-2031)
6.2.1 Global Toluene Diisocynate (TDI) Production Value by Application (2020-2025)
6.2.2 Global Toluene Diisocynate (TDI) Production Value by Application (2026-2031)
6.2.3 Global Toluene Diisocynate (TDI) Production Value 麻豆原创 Share by Application (2020-2031)
6.3 Global Toluene Diisocynate (TDI) Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Wanhua Chemical
7.1.1 Wanhua Chemical Toluene Diisocynate (TDI) Company Information
7.1.2 Wanhua Chemical Toluene Diisocynate (TDI) Product Portfolio
7.1.3 Wanhua Chemical Toluene Diisocynate (TDI) Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Wanhua Chemical Main Business and 麻豆原创s Served
7.1.5 Wanhua Chemical Recent Developments/Updates
7.2 BASF
7.2.1 BASF Toluene Diisocynate (TDI) Company Information
7.2.2 BASF Toluene Diisocynate (TDI) Product Portfolio
7.2.3 BASF Toluene Diisocynate (TDI) Production, Value, Price and Gross Margin (2020-2025)
7.2.4 BASF Main Business and 麻豆原创s Served
7.2.5 BASF Recent Developments/Updates
7.3 Mitsui Chemicals
7.3.1 Mitsui Chemicals Toluene Diisocynate (TDI) Company Information
7.3.2 Mitsui Chemicals Toluene Diisocynate (TDI) Product Portfolio
7.3.3 Mitsui Chemicals Toluene Diisocynate (TDI) Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Mitsui Chemicals Main Business and 麻豆原创s Served
7.3.5 Mitsui Chemicals Recent Developments/Updates
7.4 Covestro
7.4.1 Covestro Toluene Diisocynate (TDI) Company Information
7.4.2 Covestro Toluene Diisocynate (TDI) Product Portfolio
7.4.3 Covestro Toluene Diisocynate (TDI) Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Covestro Main Business and 麻豆原创s Served
7.4.5 Covestro Recent Developments/Updates
7.5 Hanwha Chemical
7.5.1 Hanwha Chemical Toluene Diisocynate (TDI) Company Information
7.5.2 Hanwha Chemical Toluene Diisocynate (TDI) Product Portfolio
7.5.3 Hanwha Chemical Toluene Diisocynate (TDI) Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Hanwha Chemical Main Business and 麻豆原创s Served
7.5.5 Hanwha Chemical Recent Developments/Updates
7.6 Cangzhou Dahua
7.6.1 Cangzhou Dahua Toluene Diisocynate (TDI) Company Information
7.6.2 Cangzhou Dahua Toluene Diisocynate (TDI) Product Portfolio
7.6.3 Cangzhou Dahua Toluene Diisocynate (TDI) Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Cangzhou Dahua Main Business and 麻豆原创s Served
7.6.5 Cangzhou Dahua Recent Developments/Updates
7.7 Gansu Yinguang Juyin
7.7.1 Gansu Yinguang Juyin Toluene Diisocynate (TDI) Company Information
7.7.2 Gansu Yinguang Juyin Toluene Diisocynate (TDI) Product Portfolio
7.7.3 Gansu Yinguang Juyin Toluene Diisocynate (TDI) Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Gansu Yinguang Juyin Main Business and 麻豆原创s Served
7.7.5 Gansu Yinguang Juyin Recent Developments/Updates
7.8 OCI
7.8.1 OCI Toluene Diisocynate (TDI) Company Information
7.8.2 OCI Toluene Diisocynate (TDI) Product Portfolio
7.8.3 OCI Toluene Diisocynate (TDI) Production, Value, Price and Gross Margin (2020-2025)
7.8.4 OCI Main Business and 麻豆原创s Served
7.8.5 OCI Recent Developments/Updates
7.9 GNFC
7.9.1 GNFC Toluene Diisocynate (TDI) Company Information
7.9.2 GNFC Toluene Diisocynate (TDI) Product Portfolio
7.9.3 GNFC Toluene Diisocynate (TDI) Production, Value, Price and Gross Margin (2020-2025)
7.9.4 GNFC Main Business and 麻豆原创s Served
7.9.5 GNFC Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Toluene Diisocynate (TDI) Industry Chain Analysis
8.2 Toluene Diisocynate (TDI) Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Toluene Diisocynate (TDI) Production Mode & Process Analysis
8.4 Toluene Diisocynate (TDI) Sales and 麻豆原创ing
8.4.1 Toluene Diisocynate (TDI) Sales Channels
8.4.2 Toluene Diisocynate (TDI) Distributors
8.5 Toluene Diisocynate (TDI) Customer Analysis
9 Toluene Diisocynate (TDI) 麻豆原创 Dynamics
9.1 Toluene Diisocynate (TDI) Industry Trends
9.2 Toluene Diisocynate (TDI) 麻豆原创 Drivers
9.3 Toluene Diisocynate (TDI) 麻豆原创 Challenges
9.4 Toluene Diisocynate (TDI) 麻豆原创 Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 麻豆原创 Size Estimation
11.1.3 麻豆原创 Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Wanhua Chemical
BASF
Mitsui Chemicals
Covestro
Hanwha Chemical
Cangzhou Dahua
Gansu Yinguang Juyin
OCI
GNFC
听
听
*If Applicable.
