Market Size of Toluene Diisocyanate Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 2.45 Million tons |
| Market Volume (2029) | 2.69 Million tons |
| CAGR (2024 - 2029) | 1.98 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Toluene Diisocyanates (TDI) Market Analysis
The Toluene Diisocyanate Market size is estimated at 2.45 Million tons in 2024, and is expected to reach 2.69 Million tons by 2029, growing at a CAGR of 1.98% during the forecast period (2024-2029).
Toluene Diisocyanate is a synthetic mixture of the 2,4- and 2,6-isomers, a volatile, colorless pale yellow liquid soluble in many organic solvents. They mainly make polyurethane products, such as rigid and flexible foams, coatings, adhesives, sealants, and elastomers. The growing demand for flexible foam is driving the market growth.
- However, the outbreak of coronavirus across the globe hindered the growth of the studied market.
- The growing application of toluene diisocyanate in the coating industry will likely provide opportunities for the toluene diisocyanate market over the next five years.
- Asia-Pacific dominated the global market, with the largest consumption from countries such as China and India.
