Global Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market, By 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) - Industry Trends and Forecast to 2030.
Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market Analysis and Size
The market is composed to grow strong during the forecast period. Some of the projected trends that the market is witnessing include growth in research on optoelectronics, Integrated Circuits (ICs), and Radio Frequency (RF) devices. The demand for methylene diphenyl diisocyanate (MDI), Toluene Diisocyanate (TDI), and Polyurethane is highly used in pneumatic and power source for dental and surgical tools and the pharmaceutical industry.
Data Bridge Market Research analyses that the Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane market, which was USD 75.83 billion in 2022, would rocket up to USD 126.45 billion by 2030, and is expected to undergo a CAGR of 6.60% during the forecast period of 2023 to 2030.
“Methylene Diphenyl Diisocyanate (MDI)” dominates the type segment of the market due to versatility and performance in various polyurethane applications, driving its dominance in the market.
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.
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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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 BIillion, Volumes in Units, Pricing in USD
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Segments Covered
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By 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)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and rest of Middle East and Africa
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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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Market Opportunities
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Market Definition
Methylene Diphenyl Diisocyanate (MDI) and Toluene Diisocyanate (TDI) are key components in producing polyurethane, a versatile and widely used polymer. The MDI and TDI markets primarily consist of chemical manufacturers producing these diisocyanates. MDI is primarily used to produce rigid polyurethane foams for insulation, while TDI is essential for flexible polyurethane foams used in furniture and bedding applications. The polyurethane market encompasses many industries, including construction, automotive, furniture, and more, where polyurethane products are utilized for their excellent insulation, durability, and versatility. It includes the production of raw materials like MDI and TDI and the downstream manufacturing of polyurethane-based products.
Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market Dynamics
Drivers
- High Demand Across End Users
The growing utilization of methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethanes across the building and construction industry. It is used in various household, commercial, and industrial applications owing to its excellent strength-to-weight ratio, insulation properties, durability, and versatility. The increased utilization further boosts the market growth. The versatility and unique physical properties of polyurethane products coupled with the easy raw material accessibility will further propel the growth rate of methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market. Additionally, the increase in new households, rapid urbanization, and growth in disposable income are other market growth determinants projected to boost the market's growth.
Opportunity
- Sustainable and Bio-based Products and Compliance
Furthermore, the rising government spending on sustainable building development and compliance with environment protection regulations extend profitable opportunities to the market players in the forecast period of 2023 to 2030. Additionally, the research and development activities by the manufacturers to produce bio-based products will further expand the future growth of the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane market.
Restraints/Challenges
- Volatility of raw material prices
The fluctuations in the prices of crude oil will create hindrances to the growth of the market.
This global 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, the 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 global Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane market contact Data Bridge Market Research for an Analyst Brief, our team will help you make 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.
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.
Recent Development
- In January 2023, BASF SE initiated the third phase of its Methylene Diphenyl Diisocyanate (MDI) expansion project in Geismar, Louisiana, in January 2023. The project aims to increase MDI production capacity to 600,000 metric tons annually by the mid-2020s, at an investment of USD 780 million, making it BASF's largest wholly-owned investment in North America, totaling around USD 1 billion
Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market Scope
The global 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
The global Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane market is analysed, and market size insights and trends are provided by product type and application are referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and rest of Middle East and Africa.
North America region is expected to dominate the market due to the increased application of polyurethane products into consumer durable products within the region.
Asia-Pacific region had the highest growth rate in the Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane market due to the region's rapid growth in construction activities.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically 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 global brands and their challenges faced due to large or scarce competition from local and domestic brands, the 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 global Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global 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 the market.
Some of the major players operating in the global 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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