Toluene Diisocyanate Market Size (2024 - 2029)

Toluene Diisocyanates (TDI) Market Analysis

The Toluene Diisocyanate Market size is estimated at 2.45 Million tons in 2024, and is expected to reach 2.69 Million tons by 2029, growing at a CAGR of 1.98% during the forecast period (2024-2029).

Toluene Diisocyanate is a synthetic mixture of the 2,4- and 2,6-isomers, a volatile, colorless pale yellow liquid soluble in many organic solvents. They mainly make polyurethane products, such as rigid and flexible foams, coatings, adhesives, sealants, and elastomers. The growing demand for flexible foam is driving the market growth.

• However, the outbreak of coronavirus across the globe hindered the growth of the studied market.
• The growing application of toluene diisocyanate in the coating industry will likely provide opportunities for the toluene diisocyanate market over the next five years.
• Asia-Pacific dominated the global market, with the largest consumption from countries such as China and India.

Toluene Diisocyanates (TDI) Industry Segmentation

Toluene Diisocyanate is an organic compound that is produced in a pure state. However, it is often marketed as 80/20 and 65/35 mixtures of the 2,4 and 2,6 isomers. They are majorly used to make polyurethane products, such as rigid and flexible foams, coatings, adhesives, sealants, and elastomers. The toluene diisocyanate market is segmented by application, end-user industry, and geography. The market is segmented by application into foam, coatings, adhesives and sealants, elastomers, and other applications. The market is segmented into furniture and interiors, building and construction, electronics, automotive, packaging, and other end-user industries by end-user industry. The report also covers the market size and forecasts for the toluene diisocyanate market in 15 countries across major regions. Market sizing and forecasts are done for each segment based on volume (kilotons).