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methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market was valued at USD 5.52 billion in 2021 and is expected to reach the value of USD 8.09 billion by 2029, at a CAGR of 4.9% during the forecast period. 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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Market Definition

Polyurethane is a thermoplastic polymer made up of organic units linked together by carbamate links. These are made of rigid and flexible foam and are used in a variety of commercial and industrial applications. MDI is a polyurethane that is used in a variety of applications, including stiff polyurethane foams for home and refrigerator insulation. Toluene diisocyanate (TDI) is a chemical used in the production of polyurethanes, which are primarily used in flexible foam applications such as beds and furniture, carpet underlay, and packaging.

Prominent Ventures in the Europe Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyurethane Market:

·         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.)

·         Woodbridge (Canada)

The building and construction industry has seen tremendous growth in recent years. Furthermore, there has been significant development in the automotive and consumer goods industries, which have significantly influenced the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane markets. Over the forecasted period, the market is expected to grow at the same rate.

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Opportunities

·         Research and development activities

Rising government spending on sustainable building development and compliance with environmental regulations creates profitable opportunities for market participants from 2022 to 2029. Furthermore, manufacturers' research and development activities to produce bio-based products will contribute to the future growth of the methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane markets.

Key Market Segmentations:

The methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane market is segmented on the basis of type, raw material, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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