Oct 4, 2017   SOURCE: BusinessWire

High Demand for PU to Boost the Toluene Diisocyanate Market | Technavio

The global toluene diisocyanate (TDI) market is expected to grow at a CAGR of close to 5% during the forecast period, according to Technavio’s latest market research.

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Technavio has published a new report on the global toluene diisocyanate market from 2017-2021. (Grap ...

Technavio has published a new report on the global toluene diisocyanate market from 2017-2021. (Graphic: Business Wire)

In this market research report, Technavio covers the market outlook and growth prospects of the global toluene diisocyanate market for 2017-2021. The market is further categorized into five end-user segments, including flexible foams, coatings, elastomers, rigid foams, and adhesives and sealants. The flexible foam segment dominated the market with close to 87% of the market share in 2016.

“The global demand for the use of TDI in flexible foams, particularly for mattresses and bedding, is on the rise owing 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 they offer good support are durable and retain their shape,” says Kshama Upadhyay, a lead specialty chemicals research expert from Technavio.

Technavio’s research analysts segment the global TDI market into the following regions:

  • APAC
  • EMEA
  • Americas

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TDI market in APAC

The boom in the construction and automobile sectors offers the global TDI market an opportunity to expand sales in APAC. TDI is used in construction applications in two component systems, namely prepolymer products (moisture-curing) for construction coatings and urethane alkyds. The most important factor driving the demand for the global TDI market in APAC is the robust growth of the automobile sector in the region. The application of TDI for automotive seats gives the global TDI market a huge boost in APAC.

Another factor driving the demand for TDI in APAC is the increasing demand for PU rigid foam as a material for insulation. PU, as a potential material, is included for the implementation of energy-efficient programs.

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TDI market in EMEA

The TDI market in EMEA is fueled by the demand for PU in the region, particularly for flexible PU foams. Countries like Poland have emerged as one of the largest producers of PU foams in the region. Poland is also one of the largest producers of upholstered furniture, which also involves the use of TDI. Also, Poland engages in the export of more than 75% of its mattress production.

“Another important factor driving the demand for the TDI market is the sturdy growth of the automotive industry in the region. Therefore, the increase in the number of automotive units in the region gives the global TDI market a healthy prospect as TDI is extensively used in vehicles,” says Kshama.

TDI market in Americas

The global TDI market is witnessing healthy growth in the Americas, especially from the automotive industry. However, the market is restrained by the presence of different standards followed by different administrations with respect to the manufacture and handling of TDI. For instance, in the US, TDI vapor levels are to be controlled as per the established standards set by the Occupational Safety and Health Administration (OSHA). Similarly, other advisory groups in the US have also established guidelines concerning TDI exposure.

The top vendors in the global TDI market as highlighted in this market research analysis are:

  • BASF
  • Cangzhou Dahua Group
  • Covestro
  • Mitsui Chemicals
  • The Dow Chemical Company

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