The North America Toluene Diisocyanate Market is projected to reach $1,559.5 million by 2018. The North American toluene diisocyanate market is estimated to reach $1,590.74 million by 2019, growing at a CAGR of 6.14% from 2014 to 2019. The North America Touene Diisocyanate market report defines and segments the concerned market in North America with analysis and forecast of revenue. http://www.micromarketmonitor.com/market/north-america-toluene-diisocyanate-tdi5627570835.html
“Key players in this market are Dahua Group Co. Ltd, KPX Chemical Co. Ltd., Zachem S.A., BASF SE, Hunts Man Corporation, Dow Chemical., Bayer AG., ethane industry Co. Ltd.,Mitsui Chemical Inc..etc”
Toluene diisocyanate (TDI) is an intermediate in the production of polyurethanes, which has many useful properties and a wide range of applications. TDI is widely used in the production of flexible polyurethanes foams. TDIbased products find use in various industries such as construction, automotive, and electronics. The consumption of TDI is very high, as it is widely used in major industries such as automotive, furniture, paints & coatings, adhesives & sealants, and elastomers. Most of these industries are growing at a fast pace due to the growing demand from developing economies, which in turn are increasing the demand for TDI and TDI-based products. Get 10% Customization in This Report
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The global market for toluene diisocyanate (TDI) is highly competitive with a number of market participants being close to each other with respect to market share. The major drivers for the market include increasing demand in construction, automotive, and electronic sectors in emerging economies. The factors that hinder the growth of this market include the fluctuating cost of raw materials and the toxicity issues related to the production process. The North American region is known mainly for its huge development in the infrastructure and the expansion of chemical industry, which is the main reason for the development of the toluene diisocyanate (TDI) market in the region. In this region, rigid polyurethane foam applications, along with flexible polyurethane foam applications, accounted for the major consumption of TDI, thereby driving the growth of TDI in the region. The key countries in the region are the U.S. and Canada, where the U.S. is the largest player in terms of production and consumption of TDI. The overall growth is dependent on the production of flexible polyurethane, as a major part of TDI is consumed in production of flexible polyurethanes in the region. Canada imports a major part of its TDI from other countries. Its domestic production stands low till now and no major developments have been planned for the coming years. Canada majorly imports TDI for its electronic, thermal insulation, and construction industries. The growth is accredited to the low base effect, and the consumption of TDI in other applications will also experience a good growth between 2013 and 2018 The report covers the North American toluene diisocyanate market, which is segmented on the basis of application and geography. The North American toluene diisocyanate market is applied in rigid foam, flexible foam, paints & coatings, adhesives & sealants, elastomers, and binders.
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Tel: +1-888-502-0539