The methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane market, categorized by types such as toluene diisocyanate (TDI) and methylene diphenyl diisocyanate (MDI), showcases diverse raw materials such as crude oil, natural gas, toluene, benzene, nitric acid, methanol, chlorine, and others. This comprehensive range of raw materials underscores the market's adaptability, reflecting the influence of various inputs in shaping the dynamics of MDI, TDI, and Polyurethane production, catering to a spectrum of industrial applications.
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Data Bridge Market Research analyses that the Global Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market, which was USD 75.83 billion in 2022, is expected to reach USD 126.45 billion by 2030, and is expected to undergo a CAGR of 6.60% during the forecast period of 2023 to 2030. Urbanization fuels robust demand for construction materials and furnishings, particularly infrastructure and interiors. Methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and Polyurethane play pivotal roles in meeting these demands, driving market growth in tandem with urban development
Key Findings of the Study
Construction boom is expected to drive the market's growth rate
The ongoing construction boom is a pivotal factor propelling the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane market. The surge in construction activities amplifies the demand for polyurethane, particularly in insulation and diverse building materials. Polyurethane's versatility, durability, and insulation properties make it a preferred choice, contributing significantly to the market's growth as it aligns with the construction sector's evolving needs for sustainable and high-performance materials.
Report Scope and Market 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 Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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 and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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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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Data Points Covered in the Report
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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.
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Segment Analysis:
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.
- On the basis of type, the global methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market is segmented into toluene diisocyanate (TDI), and methylene diphenyl diisocyanate (MDI)
- On the basis of raw material, the global methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market is segmented into crude oil, natural gas, toluene, benzene, nitric acid, methanol, chlorine, and others
- On the basis of application, the global methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market is segmented into polyurethane foam, polyurethane elastomers, polyurethane adhesives and sealants, polyurethane coatings, and others
- On the basis of end use, the global methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market is segmented into footwear, furniture, automotive, building and construction, home appliances, textile, healthcare, electrical and electronics, packaging, industrial machinery, and others
Major Players
Data Bridge Market Research recognizes the following companies as the global methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market players in 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.).
Market Developments
- In January 2023, BASF SE commenced the third phase of its Methylene Diphenyl Diisocyanate (MDI) expansion project in Geismar, Louisiana. With an investment of USD 780 million, the project targets a substantial increase in MDI production capacity, reaching 600,000 metric tons annually by the mid-2020s. This strategic move positions it as BASF's largest wholly-owned investment in North America, totaling approximately USD 1 billion
- In October, 2020, Huntsman Corporation inaugurated a 22,000-ton TEROL aromatic polyester polyols plant in Kuan, Taiwan. This marks Huntsman's first TEROL plant outside the U.S., bolstering their downstream polyurethane capabilities in the Asia-Pacific region. The strategic expansion enhances their global footprint and underscores Huntsman's commitment to meeting the rising demand for polyurethane products in the region
Regional Analysis
Geographically, the countries covered in the global methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market during the forecast period 2023-2030
The North America is expected to dominate the global methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market, fueled by the rising use of polyurethane products in consumer durables. This growth is attributed to the demand for Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI), and overall polyurethane applications. The region's stronghold in consumer durable goods amplifies its influence, highlighting the pivotal role of these key components in shaping and sustaining the polyurethane market in North America.
Asia-Pacific is expected to dominate the global methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market in the forecast period 2023-2030
The Asia-Pacific is expected to dominate the global methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane market, attributed to its rapid expansion in construction activities. With a soaring growth rate, the region showcases a robust demand for these key components, underlining their pivotal role in construction-related applications. The flourishing construction sector in Asia-Pacific substantiates its position as a major driver for the impressive growth observed in the MDI, TDI, and Polyurethane markets.
For more detailed information about the global methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market report, click here – https://www.databridgemarketresearch.com/reports/global-mdi-tdi-polyurethane-market
