The Toluene Diisocynate Market is anticipated to register a market growth rate of 4.35% during the forecast period, from 2021 to 2028. The growing demand for flexible polyurethane foam is fueling the growth of the toluene diisocyanate market.
Toluene diisocyanate can be described as an organic compound with the formula CH3C6H3(NCO)2. Toluene diisocyanate or TDI is also used to increase the octane number in gasoline. In addition, some minor chemical uses include the production of phenol, benzoic acid, and nitrobenzene.
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Market Analysis and Insights of Toluene Diisocynate Market
The main factor which is expected to propel the growth of the Tolylene Diisocyanate market during the forecast period is the growth in the demand for automobiles. In addition, the increasing use of mattresses and other related products is expected to spur the growth of the toluene diisocyanate market.
In addition, the increasing use of polyurethanes in furniture construction is believed to moderate the growth of the toluene diisocyanate market. On the other hand, rising raw material costs are expected to further restrain the growth of the toluene diisocyanate market from time to time.
Toluene Diisocynate Market Scope and Market Size
The toluene diisocyanate market is segmented by form, application, and end user. Growth in different segments will help you gain knowledge of the various growth factors that are expected to dominate the market and formulate different strategies to identify key application areas and differences in your target market.
· Based on its shape, the Tolylene Diisocyanate market is segmented into 2,4-Tolylene Diisocyanate, 2,6-Tolyene Diisocyanate.
· Based on the application, the toluene diisocyanate market is segmented into flexible foams, rigid foams, coatings, adhesives & sealants, binders, elastomers.
Toluene Diisocynate Market Country Level Analysis
The country section of the report also includes factors affecting individual markets and changes in domestic market regulations that have an impact on current and future market trends. Data points such as consumption volume, production location and volume, export-import analysis, price trend analysis, raw material prices, downstream value chain analysis, and upstream chain are some of the key guidelines used to estimate country-specific market scenarios.
Competitive Landscape and Toluene Diisocynate Market Share Analysis
The major players covered in the Toluene Diisocynate Market report are
· BASF SE
· Dow
· Tosoh Corporation
· Wanhua Chemical Group Co. Ltd.
· Yantai Juli Fine Chemical Co., Ltd.
· Vencorex Holding SAS
· OVERSEAS POLYMERS PVT. LTD.
· GNFC Limited
· OCI Company Ltd.
· Hanwha Group
· LANXESS
· Covestro AG
· China National Bluestar (Group) Co, Ltd
· Anderson Development
· Bayer AG
· Lyondellbasell Industries Holdings B.V.
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Major TOC of Toluene Diisocynate Market Forecast
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