Global Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI), and Polyurethane Market, By Application (Rigid Foams, Flexible Foams, Paints & Coatings, Elastomers, Adhesives & Sealants, Others) By End User (Construction, Furniture & Interiors, Electronics & Appliances, Automotive, Footwear) – Industry Trends and Global Forecast to 2024
Data Bridge Market Research provides new industry report "Global MDI, TDI, and Polyurethane Market" accounted for USD 69.28 billion in 2016 and is projected to grow at a CAGR of 5.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Complete report on Global MDI, TDI, and Polyurethane Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Global MDI, TDI, and Polyurethane Market Defination:
Polyurethane is manufactured by reacting Toluene diisocyanate (TDI) and methylene diphenyl diisocyanate (MDI) with a polyol. These materials are used primarily in the production of flexible foams and variety of polyurethane products like elastomers, sealants, adhesives and coatings.
There is a growing demand for MDI, TDI, and polyurethane in construction, furniture & interiors, electronics & appliances, automotive and footwear industrial activity, which is expected to be one of the major drivers of the market over the next seven years.
Major Market Drivers:
- Growth in construction and electronics & appliances sector
- Compliance with energy regulations
- Versatility and unique properties
- Increasing environmental concerns
- Eco-friendly substitutes in market
- High cost of toluene
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Some of the major players operating in this market are
- Arian Polyurethane JSC
- BASF SE
- Chematur Engineering AB
- Chemtura Corporation
- Coim S.P.A.
- Covestro AG
- E.I. Du Pont De Nemours and Company
- Foamex Innovations
- Hebei Cangzhou Dahua Group Co. Ltd
- Huntsman Corporation
- ITWC Inc.
- Kumho Mitsui Chemicals Inc.
- Kuwait Polyurethane Industries W.L.L.
- Manali Petrochemicals Ltd.
- Mitsui Chemicals, Inc.
- Ningbo Best Polyurethane Co., Ltd.
- Nippon Polyurethane Industry Co. Ltd
- Recticel SA
- Shandong Dongda Inov Polyurethane Co. Ltd.
- Springfeel Polyurethane Foams Private Limited
- The DOW Chemical Company
- Tosoh Corporation
- Trelleborg AB
- Wanhua Chemicals Group Co., Ltd.
- Woodbridge Foam Corporation
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Global MDI, TDI, and Polyurethane Market is segmented into
Market Segmentations in Details:
On the basis of Application
- Rigid foams
- Flexible foams
- Paints & coatings
- Adhesives & sealants
On the basis of End-user
- Furniture & interiors
- Electronics & appliances
On the basis of Geography the Global MDI, TDI, and Polyurethane Market is segmented into:
- North America
- South America
- Middle East & Africa
- No of Tables:250
Company Share Analysis: Global MDI, TDI, and Polyurethane Market
The global MDI, TDI, and polyurethane market are fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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