In this blog post, we will delve into the vital statistics and insights surrounding the Toluene Diisocyanates (TDI) industry. TDI is a crucial component in the production of polyurethanes and has widespread applications across various sectors. By examining industry statistics, trends, and market dynamics, we aim to provide a comprehensive overview of the TDI industry landscape. Join us as we explore the latest data and developments shaping this essential sector.
The Latest Toluene Diisocyanates Industry Statistics Explained
In 2019, the global Toluene Diisocyanates market was estimated at USD 8.26 billion.
The statistic indicates that in 2019, the global Toluene Diisocyanates (TDI) market was valued at approximately USD 8.26 billion. TDI is a key chemical used in the production of various polyurethane products such as foam, coatings, adhesives, and sealants. The market value reflects the overall economic significance of TDI in various industries worldwide. Factors such as demand for polyurethane products, industrial growth, and technological advancements likely contributed to the market size. This statistic serves as an important indicator for businesses, policymakers, and investors to understand the size and dynamics of the TDI market and make informed decisions related to this chemical’s production, consumption, and trade.
The Toluene Diisocyanate industry is predicted to grow at a CAGR of 4.86% from 2019 to 2026.
The statistic indicates that the Toluene Diisocyanate industry is expected to experience a Compound Annual Growth Rate (CAGR) of 4.86% from 2019 to 2026. This implies that the industry’s overall revenue, production, or other relevant metrics are projected to increase at an average annual rate of 4.86% during this period. Such growth suggests a positive outlook for the Toluene Diisocyanate industry over the forecasted years, potentially driven by factors such as increasing demand, technological advancements, market expansion, or other favorable conditions contributing to the sector’s expansion.
The Asia Pacific region dominated the Toluene Diisocyanates industry in 2018 with over 40% share of the market.
The statistic indicates that in 2018, the Asia Pacific region held a significant share of the Toluene Diisocyanates (TDI) industry, accounting for over 40% of the market. This domination suggests that the Asia Pacific region played a critical role in the production, consumption, and trade of TDI, a key chemical compound used in the manufacturing of various products such as flexible and rigid foams, coatings, adhesives, and sealants. The high market share points towards the region’s strong presence in the TDI industry, likely driven by factors such as manufacturing capabilities, demand for end products, and competitive advantages in the global market.
By 2027, the worldwide TDI market is expected to reach USD 11.59 billion.
The statistic states that by the year 2027, the global TDI (Toluene Diisocyanate) market is projected to reach a value of USD 11.59 billion. TDI is a key chemical used in the production of polyurethanes, which are widely used in various industries such as construction, automotive, furniture, and appliances. The anticipated growth in the TDI market reflects increasing demand for polyurethanes driven by factors such as urbanization, infrastructure development, and technological advancements. This forecast suggests opportunities for growth and investment in the TDI market over the coming years, highlighting the importance of this chemical in driving economic activity and meeting the needs of various sectors.
The flexible foam application sector dominated the TDI market in 2018 with a 70% share.
The statistic “The flexible foam application sector dominated the TDI market in 2018 with a 70% share” means that within the TDI (toluene diisocyanate) market in 2018, the largest portion of TDI consumption was attributed to the flexible foam application sector, accounting for 70% of the total usage. This indicates that the production and use of TDI in creating flexible foam products such as mattresses, furniture, and automotive interiors were the primary driver of demand in the market during that year. This dominance suggests the strong influence and reliance of the TDI market on the flexible foam sector’s activities in 2018, highlighting the significant role this sector played in shaping the overall market trends and dynamics.
The revenue share of the coating application in the TDI market is expected to reach 17.8% by 2027.
The statistic indicates the share of revenue generated by coating applications within the TDI (Toluene Diisocyanate) market is anticipated to grow to 17.8% by the year 2027. This projection suggests an increasing demand and utilization of TDI within coating applications, leading to a proportionally higher share of the overall revenue in the market. Factors driving this growth may include technological advancements in the coating industry, expanding market opportunities, and potentially shifting consumer preferences towards TDI-based coatings. Monitoring this statistic over time can provide insights into evolving trends and market dynamics within the TDI industry.
The Toluene Diisocyanate market in India is expected to grow at a CAGR of 6.8% from 2021 to 2026.
This statistic suggests that the Toluene Diisocyanate market in India is projected to experience a Compound Annual Growth Rate (CAGR) of 6.8% over the period from 2021 to 2026. A CAGR is a measure used to determine the annual growth rate of an investment or market over a specified period of time, assuming that the growth happens steadily. In this context, the statistic indicates that the Toluene Diisocyanate market is expected to expand steadily at an average rate of 6.8% annually between 2021 and 2026 in India. This growth projection can be indicative of increasing demand, market dynamics, regulatory changes, or other factors driving the expansion of the Toluene Diisocyanate market in the country.
By 2024, China’s TDI production capacity is projected to be more than 2.3 million metric tons.
The statistic ‘By 2024, China’s TDI production capacity is projected to be more than 2.3 million metric tons’ indicates that by the year 2024, China is expected to have the capability to produce more than 2.3 million metric tons of Toluene Diisocyanate (TDI), a key chemical used in the production of polyurethane foam and coatings. This projection suggests a significant increase in China’s TDI production capacity, potentially reflecting a growing demand for polyurethane products domestically and globally. The expansion of TDI production capacity in China could have implications for various industries reliant on polyurethane materials, as well as for the global market dynamics of TDI and related products.
The global Tolvency Diisocyanate market size is predicted to reach USD 10.27 billion by 2025.
This statistic indicates that the global Toluene Diisocyanate (TDI) market is projected to grow significantly and reach a market size of USD 10.27 billion by the year 2025. TDI is a key chemical used in the production of various polyurethane products such as foams, coatings, adhesives, and sealants. The predicted growth in the TDI market size suggests an increasing demand for polyurethane materials across industries such as construction, automotive, furniture, and electronics. Factors such as urbanization, infrastructure development, and technological advancements driving the use of polyurethane products are likely contributing to this growth forecast.
North America accounted for more than 20% of global TDI consumption in 2019.
The statistic “North America accounted for more than 20% of global TDI (toluene diisocyanate) consumption in 2019” indicates that the region comprising countries like the United States, Canada, and Mexico consumed a significant portion of the worldwide TDI supply during that year. TDI is a key chemical used in the production of various products such as flexible foams, coatings, and adhesives. The fact that North America’s consumption exceeded 20% suggests that the region holds a notable share of the global TDI market demand, highlighting its significance in the chemical industry and potential implications for trade patterns, production capacity, and economic dynamics within the region and beyond.
In Europe, the TDI market is expected to grow at a CAGR of 4.7% from 2020 to 2027.
The statistic indicates that in Europe, the Total Diet Replacement (TDI) market is projected to experience a Compound Annual Growth Rate (CAGR) of 4.7% from the year 2020 to 2027. This means that over the specified period, the TDI market is expected to increase by an average of 4.7% annually. The CAGR provides a smooth representation of the growth rate over time by accounting for the compounding effect, allowing stakeholders to anticipate how the market is likely to evolve and plan accordingly. This growth rate suggests a positive trend in the demand for TDI products in Europe, reflecting potential opportunities for businesses operating in this market segment.
The production capacity of TDI in West Europe was approximately 640,000 metric tons in 2017.
This statistic indicates that the total production capacity of TDI (toluene diisocyanate) in West Europe was around 640,000 metric tons in the year 2017. Production capacity refers to the maximum amount of TDI that can be produced in a given time period under optimal operating conditions. This figure provides insight into the potential output of TDI in the region and reflects the scale of production capabilities available for meeting market demands for this chemical compound. Analyzing production capacity data can help stakeholders in the chemical industry to assess market dynamics, plan investments, and make informed decisions related to production, supply chains, and market positioning.
The largest TDI producer globally is Covestro with a global capacity of 670 kilotons.
The statistic indicates that Covestro is the leading producer of Toluene Diisocyanate (TDI) worldwide, with a substantial global production capacity of 670 kilotons. TDI is a key chemical compound used in the production of polyurethanes, which have a wide range of applications in industries such as construction, automotive, and furniture. Covestro’s significant capacity in TDI production highlights their strong position in the market and their ability to meet the demands of various industries for this essential chemical component.
Globally, over 90% of produced TDI is used in the production of polyurethane foams.
The statistic that over 90% of produced TDI (Toluene diisocyanate) is used in the production of polyurethane foams highlights the significant role of TDI in the manufacturing of this versatile material. Polyurethane foams are widely used in various industries such as construction, automotive, and furniture due to their desirable properties like durability, insulation, and comfort. The high percentage of TDI used for this purpose indicates the importance of polyurethane foams in global manufacturing processes and consumer products. This statistic underscores TDI’s crucial role in meeting the demand for polyurethane foams across different sectors, showcasing its widespread applications and economic significance.
In India, the domestic TDI demand stands at around 95,000 tons and imports cater to about 70-80% of this demand.
This statistic indicates that in India, there is a significant demand for TDI (Toluene Diisocyanate), with the domestic demand amounting to approximately 95,000 tons. However, the domestic production is not sufficient to meet this demand, as imports account for around 70-80% of the required TDI. This implies that India relies heavily on imported TDI to fulfill its industrial needs, reflecting a gap between domestic production and consumption in the country. This dependency on imports could have implications for the country’s economy, trade balance, and industrial competitiveness in the TDI market.
By 2025, the elastomers and sealant application sector of the TDI market is expected to reach USD 842.4 million.
The statistic suggests that by the year 2025, the elastomers and sealant application sector within the TDI (toluene diisocyanate) market is projected to achieve a value of USD 842.4 million. This indicates anticipated growth and demand within this specific segment of the TDI market, likely driven by factors such as increasing industrial applications, technological advancements, and changing consumer preferences. The forecasted figure highlights a significant economic opportunity within the elastomers and sealant sector, emphasizing its potential contribution to the overall TDI market and reflecting the importance of these materials in various industries such as automotive, construction, and manufacturing.
The adhesive sector of the TDI market is anticipated to grow at a CAGR of 5.5% between 2021 and 2026.
This statistic indicates the expected Compound Annual Growth Rate (CAGR) for the adhesive sector within the TDI (Toluene Diisocyanate) market from 2021 to 2026. A CAGR of 5.5% suggests that the adhesive sector is projected to experience consistent annual growth over the specified period. This growth rate serves as a valuable metric for investors, analysts, and industry stakeholders to forecast the expansion and potential opportunities within the TDI market’s adhesive segment. Overall, the statistic signifies a positive trajectory for the adhesive sector in the TDI market over the next five years.
As of 2018, China accounted for 39.9% of the total global TDI production.
This statistic indicates that as of 2018, China was responsible for producing 39.9% of the world’s total TDI (toluene diisocyanate) production. TDI is an important chemical compound used in the manufacturing of various products such as foams, coatings, and adhesives. The fact that China accounts for such a significant portion of global TDI production highlights its prominent role in the chemical industry worldwide. This statistic suggests that China has a strong presence and influence in the production and supply of TDI, potentially impacting global market dynamics and trade relationships in the chemical sector.
The Middle East & Africa is anticipated to experience a TDI market growth rate of 5.2% from 2021 to 2026.
The statistic indicates that the Total Dental Implant (TDI) market in the Middle East & Africa region is projected to grow at a rate of 5.2% between 2021 and 2026. This growth rate suggests that there is an increasing demand for dental implants in the region, which could be driven by factors such as rising awareness of dental health, advancements in technology, and improving access to dental care services. The anticipated growth rate not only signifies potential business opportunities for stakeholders in the dental implant industry but also reflects a positive trend in oral health awareness and treatment in the Middle East & Africa region over the forecast period.
In 2019, South Korea’s Kumho Mitsui Chemicals expanded its TDI production capacity by 200,000 metric tons per year.
The statistic indicates that in 2019, Kumho Mitsui Chemicals, based in South Korea, increased its production capacity for TDI (toluene diisocyanate) by 200,000 metric tons annually. TDI is a key chemical used in the production of polyurethane foams, coatings, and adhesives. By expanding its TDI production capacity, Kumho Mitsui Chemicals is positioning itself to meet the growing demand for these products, potentially increasing its market share and revenue. This significant capacity expansion demonstrates the company’s commitment to growth and competitiveness in the chemicals industry, and suggests a strategic response to market dynamics and future opportunities.
Conclusion
The statistics on the Toluene Diisocyanates industry provide valuable insights into the market trends, key players, and growth opportunities. With a comprehensive understanding of the data, stakeholders can make informed decisions to navigate this competitive sector effectively.
References
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