Key players in the Europe Toluene Diisocyanate (TDI) Market are BASF SE (Germany), Bayer MaterialScience (Germany) Evonik Industries (Germany), Vencorex (France) & others.
(PRWEB) September 03, 2014
The Europe Toluene Diisocyanate Market report defines and segments the toluene diisocyanate market in Europe with analysis and forecast of revenue.
Browse through the TOC of the Europe Toluene Diisocyanate Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the European toluene diisocyanate market, and is supported by various tables and figures.
Toluene diisocyanate (TDI) is an intermediate in the production of polyurethanes, which has many useful properties and a wide range of applications. TDI is widely used in the production of flexible polyurethanes foams. TDI-based products find use in various industries such as construction, automotive, and electronics. The consumption of TDI is very high, as it is widely used in major industries such as automotive, furniture, paints & coatings, adhesives & sealants, and elastomers. Most of these industries are growing at a fast pace due to the growing demand from developing economies, which in turn are increasing the demand for TDI and TDI-based products.
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The European market leads in terms of usage of innovative materials for increasing the efficiency and reliability of operations. In Europe, toluene diphenyl diisocyanate (TDI) acts as one of the biggest markets of applications of isocyanates, which are used as an application in the production of flexible polyurethanes.
The key countries in the region are Germany, Italy, Belgium, the U.K., and Russia. Germany is the biggest consumer of TDI in Europe. The growth is accredited to the increase in demand for polyurethanes that use TDI in their production. Good growth, in terms of the consumption of TDI, is expected in other applications between 2013 and 2018.
The growth is attributed to the increase in prices as well as the increase in usage of polyurethanes in automobile, construction, and thermal insulation industries. In terms of regional performance, the Russian economy is the ninth-largest in the world. The IMF and World Bank rate Russia as a developing economy; there is a huge potential for the TDI market in the country with regard to the infrastructure and the expansion in the region. The Eastern European economies have also been growing with new manufacturing bases expanding in the region and also due to the cheap labor, which collaboratively is growing the overall demand of the European TDI market.
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The report covers the European toluene diisocyanate market, which is segmented on the basis of applications and geography. The European toluene diisocyanate market is applied in rigid foam, flexible foam, paints & coatings, adhesives & sealants, elastomers, and binders.
North America Toluene diisocyanate (TDI) Market
Toluene diisocyanate (TDI) is an intermediate in the production of polyurethanes (PU) which has many useful properties and a wide range of applications. It is widely used in the production of flexible PU foams. It is also used for the production of coatings, adhesives and sealants, and elastomers. TDI is the second-most dominant diisocyanate after methylene diphenyl diisocyanate (MDI).
The North American toluene diisocyanate market is witnessing high growth because of emerging markets for various end-user applications. This market is estimated to reach $1,590.74 million by 2019, growing at a CAGR of 6.14% from 2014 to 2019. The key driver of the market is the growth in the end-use segment of the polyurethane industry, the excellent physical properties provided by the TDI-made flexible PU foams, and emerging markets.
Asia-Pacific Toluene Diisocyanate (TDI) Market
The Asia-Pacific toluene diisocyanate market is witnessing a strong growth due to the boom in the automobile and construction sectors. This market is estimated to reach $3,104.62 million by 2019, growing at a CAGR of 6.47% from 2014 to 2019. Rapid growth in the automobile and construction sectors in China and India are driving the growth of this market.
The report, ‘Asia-Pacific Toluene Diisocyanate (TDI) Market’, defines and segments the market in the region with analyses and projections of market size with respect to volume (KT) and value ($ million).
The report covers the market in the Asia-Pacific region and trends in major countries such as China, Japan, India, and Rest of Asia. The various applications covered in the report are rigid foam, flexible foam, paints and coatings, adhesives and sealants, elastomers and binders, and other applications.
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