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

October 4, 2017

LONDON–(BUSINESS WIRE)–#Research–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.

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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