QYResearch Predicts that Global Toluene Diisocynate (TDI) Sales Volume Will Be 3248.5 K MT in 2022
Analyst: Cao Liuying
Company: QYResearch
Toluene diisocyanate (TDI) is a member of the diisocyanate family associated with polyurethane chemistry. It is often marketed as 80/20 and 65/35 mixtures of the 2,4 and 2,6 isomers respectively. TDI is a raw material for making polyurethane (PU) foams used in various applications, including the manufacture of furniture and automobiles.
QYResearch has published the newest version of < Global Toluene Diisocynate (TDI) Sales Market Report 2017>, revealing that global TDI market is experiencing fast growth. In 2016, global demand of TDI was 2238.3 K MT. However, the year of 2016 was a fluctuated timeline. In 2016, Vencorex shut down its France 125 K MTTDI facility, Mitsui also closed its Kashima plant, which had a TDI capacity of 117 K MT. BASF and Covestro also faced the dilemma of normal operating in the fourth quarter. Due to the tight supply in the market, price of TDI surged nearly 40%.
As for the application, nearly 70% TDI goes into the flexible PU foam market. Polyurethane foam is the most widely used flexible foam plastic. It is used to produce a wide variety of items including thermal insulation and packaging materials, comfort cushions, bed mattresses, carpet backings and resilient floor coverings. Tolylene diisocyanate (TDI) and polyalcohols are the basic ingredients for the production of polyurethane foam. The following chart shows the TDI application.
Presently, the supply pattern is changing as there are new entrants in the market. Wanhua Chemical will put their 300 K MT TDI plant into production in the year of 2018 officially. Sadara will release its 200 K MT TDI plant in the same year as well. The total new 500 K MT TDI will impact the market deeply.
Analyst from QYResearch think that with the continuous support from PU foam market, global TDI demand has potential to reach 3248.5 K MT in 2022, with the CAGR of 9.76% during the period of 2016-2022.
This article was first released by QYResearch analyst, if reproduced, please indicate the source.
Marketing: sales@qyresearch.com
Analyst: caoliuying@qyresearch.com
Media Contact: press@qyresearch.com
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