Europe Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market, By Type (Toluene Diisocyanate (TDI) and Methylene Diphenyl Diisocyanate (MDI)), 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 and Others) – Industry Trends and Forecast to 2029.
Europe Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market Analysis and Size
The building and construction industry has seen tremendous growth in recent years. Furthermore, there has been significant development in the automotive and consumer goods industries, which have significantly influenced the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane markets. Over the forecasted period, the market is expected to grow at the same rate.
Data Bridge Market Research analyses that the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market was valued at USD 5.52 billion in 2021 and is expected to reach the value of USD 8.09 billion by 2029, at a CAGR of 4.9% during the forecast period. 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.
Europe Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Toluene Diisocyanate (TDI) and Methylene Diphenyl Diisocyanate (MDI)), 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 and Others)
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Countries Covered
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Germany, U.K, Italy, France, Spain, Russia, Belgium, Switzerland, Netherlands, Turkey and Rest of Europe
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Market Players Covered
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DuPont (U.S.), Solvay (Belgium), DAIKIN (Japan), DOW (U.S.), Huntsman International LLC (U.S.), Bostik (France), H.B. Fuller Company (U.S.), Sika AG (Switzerland), Cardolite Corporation (U.S.), Kukdo Chemical Co., Ltd., (South Korea), BASF SE(Germany), Freudenberg SE (Germany), Covestro AG (Germany), LANXESS (Germany), Mitsui Chemicals Inc. (Japan), Wanhua (China), Arkema (France), Hexion (U.S.) and Woodbridge (Canada)
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Opportunities
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Market Definition
Polyurethane is a thermoplastic polymer made up of organic units linked together by carbamate links. These are made of rigid and flexible foam and are used in a variety of commercial and industrial applications. MDI is a polyurethane that is used in a variety of applications, including stiff polyurethane foams for home and refrigerator insulation. Toluene diisocyanate (TDI) is a chemical used in the production of polyurethanes, which are primarily used in flexible foam applications such as beds and furniture, carpet underlay, and packaging.
Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market Dynamics
Drivers
- Utilization in building and construction activities
Methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethanes are increasingly being used in the building and construction industry. Due to its excellent strength-to-weight ratio, insulation properties, durability, and versatility, it is used in various household, commercial, and industrial applications. Increased utilization propels market growth even further.
- Ease of availability
The versatility and unique physical properties of polyurethane products, combined with the ease of access to raw materials, will drive the growth rate of the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane markets even further. In addition, an increase in new households, rapid urbanisation, and an increase in disposable income are all expected to boost market growth.
Opportunities
- Research and development activities
Rising government spending on sustainable building development and compliance with environmental regulations creates profitable opportunities for market participants from 2022 to 2029. Furthermore, manufacturers' research and development activities to produce bio-based products will contribute to the future growth of the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane markets.
Restraints
- Price volatility and environmental risks
Crude oil price fluctuations will impede the growth of the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane markets. Furthermore, environmental risks associated with polyurethane products are expected to be a detriment to the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane markets. As a result, the growth rates of methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane will be challenged. Furthermore, high methylene diphenyl diisocyanate (MDI) exposure causes skin and respiratory tract irritation, asthma, and dermatitis, which is expected to impede the growth of the global methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane markets.
This methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market
The recent coronavirus outbreak harmed the markets for methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane. The markets are critical to the building and construction, automobile, and consumer goods industries. The introduction of COVID-19 resulted in a significant drop in demand for construction equipment in the first quarter of 2020. The severe disruptions in various manufacturing and supply-chain operations caused by various precautionary lockdowns imposed by governments to combat disease spread resulted in massive financial losses for the market. Furthermore, consumer demand has decreased mainly as people are now more focused on removing non-essential expenses from their budgets, as the outbreak has negatively impacted the general economic situation of most people. The aforementioned determinants will weigh the market's revenue trajectory during the forecast period.
On the plus side, the market is expected to recover as individual regulatory bodies begin to relax these imposed restrictions. The suspended and canceled operations will continue, and the market is expected to expand.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Europe Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market Scope
The methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market is segmented on the basis of type, raw material, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Toluene Diisocyanate (TDI)
- Methylene Diphenyl Diisocyanate (MDI)
Raw Material
- Crude Oil
- Natural Gas
- Toluene
- Benzene
- Nitric Acid
- Methanol
- Chlorine
- Others
Application
- Polyurethane Foam
- Polyurethane Elastomers
- Polyurethane Adhesives and Sealants
- Polyurethane Coatings
- Others
End Use
- Footwear
- Furniture
- Automotive
- Building and Construction
- Home Appliances
- Textile
- Healthcare
- Electrical and Electronics
- Packaging
- Industrial Machinery
- Others
Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market Regional Analysis/Insights
The methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market is analyzed and market size insights and trends are provided by country, type, raw material, application and end use as referenced above.
The countries covered in the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market report are Germany, U.K, Italy, France, Spain, Russia, Belgium, Switzerland, Netherlands, Turkey and Rest of Europe.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market Share Analysis
The methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market.
Some of the major players operating in the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market are:
- DuPont (U.S.)
- Solvay (Belgium)
- DAIKIN (Japan)
- DOW (U.S.)
- Huntsman International LLC (U.S.)
- Bostik (France)
- H.B. Fuller Company (U.S.)
- Sika AG (Switzerland)
- Cardolite Corporation (U.S.)
- Kukdo Chemical Co., Ltd., (South Korea)
- BASF SE (Germany)
- Freudenberg SE (Germany)
- Covestro AG (Germany)
- LANXESS (Germany)
- Mitsui Chemicals Inc. (Japan)
- Wanhua (China)
- Arkema (France)
- Hexion (U.S.)
- Woodbridge (Canada)
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