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World Toluene Diisocyanate Market - Opportunities and Forecast, 2017 - 2023

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    Report

  • September 2019
  • Region: Global
  • Allied Market Research
  • ID: 3773358
Organic compound with formulae CH3C6H3(NCO)2 is known as Toluene Diisocyanate. Furthermore, isocyanate functional groups in Toluene Diisocyanate form urethane, when it reacts with hydroxyl. Besides this TDI or Toluene Diisocyanate is also used to boost octane in gasoline. On the other hand, some of the minor chemical applications includes the production of benzoic acid, phenol and nitrobenzene.There are several drivers and opportunities that are influencing the growth of the Toluene Diisocyanate market worldwide. Growing need for flexible foam across several countries is driving the TDI market. Moreover, flexible foam today sees great demand owing to its increasing customer need for mattress and bedding worldwide. On the other hand, rising demand for TDI application in the manufacturing of automotive seats, is believed to observe a robust growth in the next 5 to 6 years.

The global Toluene Diisocyanate Market is segmented based on application and geography. Applications discussed in the market research report includes flexible foam, rigid foam, coatings, adhesives and sealants and elastomers. Regions including North America, Europe, Asia -Pacific and LAMEA are anticipated to experience tremendous growth.

A closer look at the competitive landscape reveals that major IT brands are busy launching solutions and generating clients in the same month itself. Prominent market players are also seen acquiring new companies or local market players to maintain their competitive edge. Other business strategies favored by the companies include constant upgradation, joint ventures and collaborations. Key market players active in the market are Overseas Polymers Pvt. Ltd., Huntsman Corporation., BorsodChem, The Dow Chemical Company, Mitsui Chemicals, Inc., Bayer and Lyondell Chemical Company.

KEY BENEFITS FOR STAKEHOLDERS

The market research report provides an integrated information on the major drivers, restraints and opportunities influencing the industry growth, during the forecast period 2014 2020.
The study further drills down to produce data volume by components, end customers and demography.
SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
Region wise business performance discussed in the market research report would be valuable for enterprises planning to explore new areas.
The report not only examines the market dynamics but also takes a closer look at the growth rate and industrial chain structure.
Study further weigh up on the prominent market players and what they are doing different to position their product in the already crowded marketplace.
Assessment of upstream and downstream market also forms an important part of the report.

KEY MARKET SEGMENTS

By Application

Flexible Foam
Rigid Foam
Coatings
Adhesives
Sealants and Elastomers

By Geography

North America
Europe
Asia -Pacific
LAMEA

Key Players

Overseas Polymers Pvt. Ltd.
Huntsman Corporation.
BorsodChem
The Dow Chemical Company
Mitsui Chemicals, Inc.
Bayer
Lyondell Chemical Company

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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