Organic compound with formulae CH3C6H3(NCO)2 is known as Toluene Diisocyanate. Furthermore, isocyanate functional groups in Toluene Diisocyanate form urethane, when it reacts with hydroxyl. Besides this TDI or Toluene Diisocyanate is also used to boost octane in gasoline. On the other hand, some of the minor chemical applications includes the production of benzoic acid, phenol and nitrobenzene.
There are several drivers and opportunities that are influencing the growth of the Toluene Diisocyanate market worldwide. Growing need for flexible foam across several countries is driving the TDI market. Moreover, flexible foam today sees great demand owing to its increasing customer need for mattress and bedding worldwide. On the other hand, rising demand for TDI application in the manufacturing of automotive seats, is believed to observe a robust growth in the next 5 to 6 years.
The global Toluene Diisocyanate Market is segmented based on application and geography. Applications discussed in the market research report includes flexible foam, rigid foam, coatings, adhesives and sealants and elastomers. Regions including North America, Europe, Asia -Pacific and LAMEA are anticipated to experience tremendous growth.
A closer look at the competitive landscape reveals that major IT brands are busy launching solutions and generating clients in the same month itself. Prominent market players are also seen acquiring new companies or local market players to maintain their competitive edge. Other business strategies favored by the companies include constant upgradation, joint ventures and collaborations. Key market players active in the market are Overseas Polymers Pvt. Ltd., Huntsman Corporation., BorsodChem, The Dow Chemical Company, Mitsui Chemicals, Inc., Bayer and Lyondell Chemical Company.
KEY BENEFITS FOR STAKEHOLDERS
- The market research report provides an integrated information on the major drivers, restraints and opportunities influencing the industry growth, during the forecast.
- The study further drills down to produce data volume by components, end customers and demography.
- SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
- Region wise business performance discussed in the market research report would be valuable for enterprises planning to explore new areas.
- The report not only examines the market dynamics but also takes a closer look at the growth rate and industrial chain structure.
- Study further weigh up on the prominent market players and what they are doing different to position their product in the already crowded marketplace.
- Assessment of upstream and downstream market also forms an important part of the report.
Toluene Diisocyanate Market Report Highlights
Key Market Players
BorsodChem, Lyondell Chemical Company, Bayer, BASF SE, ChemChina Petrochemicals Co. Ltd., The Dow Chemical Company, Nan Ya Plastics, Huntsman Corporation, Mitsui Chemicals, Inc., Overseas Polymers Pvt. Ltd.
Other Key Market Players
Tosoh Corporation, SIMEL Chemical Industry Co., Ltd., TSE Industries, Inc., Sigma-Aldrich, Chematur Engineering AB, KH Chemicals, Chemex Chemicals, Redox, Vencorex, Shell Chemicals