Toluene diisocynate is a type of organic chemical compound
that is used in the various forms of production of polyurethane. Although, its
application is not just limited in the production of polyurethane it is also
used as an octane booster for gasoline, as well as production of other chemical
compounds ranging from phenol, nitrobenzene and benzoic acid. Global
toluene diisocynate market is expected to register a steady CAGR of 4.45%
in the forecast period of 2019-2026. The report contains data from the base
year of 2018 and the historic year of 2017. Some of the leading key players
profiled in this study: BASF SE; Dow; Tosoh Corporation;
Wanhua Chemical Group Co.,Ltd.; Yantai Juli Fine Chemical Co., Ltd.; Vencorex
Holding SAS; OVERSEAS POLYMERS PVT. LTD.; GNFC Limited; OCI COMPANY Ltd.;
Hanwha Group; LANXESS; Covestro AG; China National Bluestar (Group) Co,Ltd. and
Anderson Development among others.
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Segmentation: Global Toluene
Diisocynate Market
By Forms
·
2,4-Toluene Diisocynate
·
2,6-Toluene Diisocynate
By Application
·
Flexible Foam
·
Rigid Foam
·
Coatings
·
Adhesives & Sealants
·
Binders
·
Elastomers
By End-Users
·
Wood/Furniture
·
CASE
·
Automotive
·
Diverse Industries
By Geography
North America
·
U.S.
·
Canada
·
Mexico
Europe
·
Germany
·
France
·
Italy
·
U.K.
·
Belgium
·
Spain
·
Russia
·
Turkey
·
Netherlands
·
Switzerland
·
Rest of Europe
Asia-Pacific
·
Japan
·
China
·
India
·
South Korea
·
Australia
·
Singapore
·
Malaysia
·
Thailand
·
Indonesia
·
Philippines
·
Rest of Asia-Pacific
South America
·
Brazil
·
Argentina
·
Rest of South America
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Market Drivers:
·
High growth of the automobile demand is expected
to have a positive impact on the growth of the market
·
Increasing utilization of the product from
mattresses and other associated products manufacturing is expected to boost the
market growth
·
Growth in demand for polyurethane foams and
other forms of polyurethane product is also driving the market growth
·
Growing utilization of polyurethanes in
furniture construction due to the growth of residential urbanization activities
is also expected to propel the market growth
Market Restraints:
·
Concerns regarding the vulnerable nature of
crude oil prices which is expected to hinder the growth of the market
·
Increasing presence of strict regulatory
compliances regarding the environment due to the prevalence of harmful
substances in the composition of toluene diisocynates is expected to restrict
the market growth
Competitive Analysis:
Global toluene diisocynate market is highly fragmented and
the major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
of toluene diisocynate market for Global, Europe, North America, Asia-Pacific,
South America and Middle East & Africa.
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