Global TDI Market (Toluene Diisocyanate) Revenue Will Reach USD 7.6 Billion Globally by 2016 – Transparency Market Research
Albany NY (April 17, 2013) (CULRAV.ORG) –
According to a new market report published by Transparency Market Research “Toluene Diisocyanate (TDI) Market: Global Market Analysis & Forecast (2009 – 2016)”,Global TDImarket reached 5.8 billion in 2011 and is expected to reach 7.6 billion by 2016, growing at a CAGR of 5.5% from 2011 to 2016. The TDI volume consumption is expected to reach 2,425.4 thousand tons by 2016. Asia Pacific will have the largest revenue share followed by Europeat the second place by 2016.
TDI (Toluenediisocyanate) is mostly used to manufacture flexible polyurethane foams which are primarily used as cushioning material in furniture and transportation applications. The increasing demand of end used segments of the polyurethane is increasing the demand of TDI in the global market. Owing to its excellent physical properties provided by the TDI makes flexible PU foams as a driver of TDI Market.
Any change in the demand and supply of the major raw materials such as benzene and toluene, and crude oil prices has a major impact on the TDI prices as these chemicals forms the basis in the formation of TDI. Continuous rise in TDI bulk price is observed since 2009 on account of rise in Toluene and crude oil prices.
Flexible PU foams are the largest TDI application market that accounted for 85.2% of the TDI market revenue in 2011.The flexible foams segment is expected to grow with a CAGR of 5.6% during 2011 – 2016.
The Asia Pacific is the fastest growing regional market, which is expected to reach USD 3 billion in 2016 with a CAGR of 6.8% during 2011 – 2016. The Asia Pacific TDI market is expected to have a volume share of 39% of the global TDI market in 2016.
This report provides a holistic view to the overall global Toluene Diisocyanate (TDI) market with 8 year market data (volume-value) & forecast based on raw materials, applications and geographies.
Related Report :
Methylene Diphenyl Diisocyanate (MDI) Market: Global Industry Analysis, Size, Share & Forecast (2009 – 2016)
MDI is mostly used to manufacture rigid polyurethane foams which are widely used as insulators in construction, consumer appliances, industrial applications, packaging and other applications. It is also used in non-foam applications such as elastomers, paints & coating, and adhesives & sealants.
The global MDI market revenue is expected to reach USD 16 billion in 2016 with an estimated CAGR of 6.1% from 2011 to 2016 primarily due to strong sales growth in rigid foams. Positive volume growth is expected in the global MDI industry at a CAGR of 5.5% from 2011 to 2016 due to the rise in demand from developing economies such as India and China in Asia Pacific.
Rigid foams are the largest application segment of MDI which accounted for 56.1% of the global MDI industry revenue in 2011.The segment is expected to grow with CAGR of 6.2% during 2011 – 2016.
Asia Pacific is the fastest growing regional market, which is expected to reach USD 6 billion in 2016 with a CAGR of 8.0% during 2011 – 2016. The Asia Pacific MDI market is expected to have a volume share of 39.5% of the global MDI industry in 2016.
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VN:F [1.9.22_1171]Global TDI Market (Toluene Diisocyanate) Revenue Will Reach USD 7.6 Billion Globally by 2016 - Transparency Market Research,