In the MDI, TDI, polyurethane market, innovative applications and technologies are transforming production processes. Advanced formulations enhance polyurethane properties, enabling diverse applications in construction, automotive, and electronics. Cutting-edge research in MDI and TDI synthesis ensures improved performance, durability, and sustainability, driving growth in the polyurethane market.
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Data Bridge Market Research analyzes that the Africa MDI, TDI, Polyurethane Market which was USD 95.19 million in 2022, is expected to reach USD 839.96 million by 2030, at a CAGR of 4.4% during the forecast period from 2023-2030. MDI (methylene diphenyl diisocyanate) and TDI (toluene diisocyanate) are key components in polyurethane production. Their versatility enables diverse applications in industries such as construction, automotive, and furniture, offering lightweight, durable, and energy-efficient solutions for various consumer and industrial needs.
Key Findings of the Study
- The Africa MDI, TDI, polyurethane market is anticipated to reach a value of USD 839.96 million by 2030
- The Africa MDI, TDI, polyurethane market is expected to grow at a CAGR of around 4.4% during the forecast period from 2023 to 2030
- Egypt dominates the Africa MDI, TDI, polyurethane market during the forecast period of 2023 to 2030 due to innovative beauty products, enriching lifestyles through acceptance of new inventions
- Polyurethane's lightweight and shock-absorbing qualities make it vital in footwear production. As global population and incomes rise, demand for footwear grows, offering opportunities for MDI and TDI suppliers
- Nigeria is expected to register lucrative growth during the forecast period of 2023 to 2030 owing to growing construction sector, particularly in housing buildings
Growing innovations in material science is expected to drive the market's growth rate
Material science innovations continually advance MDI and TDI formulations, improving their properties and broadening applications. These advancements fuel market growth by delivering enhanced performance and cost-effectiveness. The dynamic evolution in material science plays a pivotal role in driving the expansion and competitiveness of the MDI, TDI, and polyurethane markets.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Toluene Diisocyanate (TDI), Methylene Diphenyl Diisocyanate (MDI), and Polyurethane (PU)), Raw Material (Crude Oil, Natural Gas, Toluene, Benzene, Nitric Acid, Methanol, Chlorine and Others), Application (Polyurethane Foam, Polyurethane Elastomers, Polyurethane Adhesives and Sealants, Polyurethane Coatings and Others), End-Use (Footwear, Furniture, Automotive, Building and Construction, Home Appliances, Textile, Healthcare, Electrical and Electronics, Packaging, Industrial Machinery, Interior Decoration and Others)
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Countries Covered
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Egypt, South Africa, Nigeria, Algeria, Morocco, Angola, Kenya, Libya and Rest of Africa separately
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Market Players Covered
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BASF SE (Germany), Dow (U.S.), Covestro AG (Germany), Huntsman International LLC (U.S.), Mitsui Chemicals, Inc (Japan), Wanhua (China), Woodbridge (Canada), Royal Dutch Shell plc (U.K.), SABIC (Saudi Arabia), OCI COMPANY Ltd (South Korea), Era Polymers Pty Ltd. (Australia), Tosoh Corporation (Japan), ChemChina (China), LANXESS (Germany), BorsodChem Zrt. (Hungary), DIC Corporation (Japan), Recticel NV/SA (Belgium), SABIC (Saudi Arabia), Shanghai Huayi Polyurethane Co., Ltd (China), FoamPartner (Switzerland), Grillo-Werke AG (Germany), Manali Petrochemicals Limited (India), Vencorex (France)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Africa MDI, TDI, polyurethane market is segmented on the basis of type, raw material, application and end-use.
- On the basis of type, the Africa MDI, TDI, the polyurethane market is segmented into toluene diisocyanate (TDI), methylene diphenyl diisocyanate (MDI), and polyurethane (PU)
- On the basis of raw material, the Africa MDI, TDI, polyurethane market is segmented into crude oil, natural gas, toluene, benzene, nitric acid, methanol, chlorine and others
- On the basis of application, the Africa MDI, TDI, polyurethane market is segmented into polyurethane foam, polyurethane elastomers, polyurethane adhesives and sealants, polyurethane coatings and others
- On the basis of end-use, the Africa MDI, TDI, polyurethane market is segmented into footwear, furniture, automotive, building and construction, home appliances, textile, healthcare, electrical and electronics, packaging, industrial machinery, interior decoration and others
Major Players
Data Bridge Market Research recognizes the following companies as the major Africa MDI, TDI, polyurethane market players in Africa MDI, TDI, polyurethane market are BASF SE (Germany), Dow (U.S.), Covestro AG (Germany), Huntsman International LLC (U.S.), Mitsui Chemicals, Inc (Japan), Wanhua (China), Woodbridge (Canada), Royal Dutch Shell plc (U.K.), SABIC (Saudi Arabia), OCI COMPANY Ltd (South Korea)
Market Development
- Collaboration: In July 2023, BASF SE commits to supplying Neopentyl Glycol (NPG) to Zhejiang Guanghua Technology Co Ltd, augmenting its presence in the Chinese paints and coatings market. This strategic collaboration may influence the utilization of NPG in polyurethane formulations, potentially impacting the MDI and TDI markets in China and beyond
- Expansion: In July 2022, BASF progresses with the ultimate phase of its methylene diphenyl diisocyanate (MDI) plant expansion in Geismar, Louisiana, investing USD 780 million from 2022 to 2025. This expansion responds to the rising demand for MDI in the polyurethane market, reinforcing BASF's position as a key player in the industry
- Product Launch: In February 2022, BASF broadened its methylene diphenyl diisocyanate (MDI) portfolio by launching Lupranat ZERO, the inaugural greenhouse gas-neutral aromatic isocyanate. This innovation aligns with the expanding demand for eco-friendly materials in the polyurethane market, showcasing BASF's commitment to sustainability and meeting market needs
Regional Analysis
Geographically, the countries covered in the Africa MDI, TDI, polyurethane market report are Egypt, South Africa, Nigeria, Algeria, Morocco, Angola, Kenya, Libya and Rest of Africa separately
As per Data Bridge Market Research analysis:
Egypt is the dominant country in Africa MDI, TDI, Polyurethane Market during the forecast period 2023 -2030
Egypt dominates the MDI, TDI, and polyurethane market, leveraging its embrace of innovation in lifestyle enhancement. With a penchant for new inventions, Egypt consumers drive demand for polyurethane-based beautifying items. This trend extends to furniture, where polyurethane foam reigns supreme, reflecting a broader shift towards modernized living.
Nigeria is estimated to be the fastest growing country in Africa MDI, TDI, Polyurethane Market during the forecast period 2023-2030
Nigeria is expected to dominate the MDI, TDI, and polyurethane market, fueled by robust production and demand for polyurethane products. With a thriving construction sector driving the need for insulation, this growth enhances energy efficiency, fosters economic development, and spurs job creation, ensuring self-sufficiency in meeting infrastructure demands.
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