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Toluene Diisocynate Market Size
- Report ID: GMI12643
- Published Date: Dec 2024
- Report Format: PDF
Toluene Diisocynate Market Size
The global toluene diisocynate market was valued at USD 4.7 billion in 2024 and is estimated to grow at a CAGR of over 5.5% from 2025 to 2034.
Flexible polyurethane foams, widely used in furniture, bedding, and automotive applications, are the primary drivers of TDI demand. Urbanization and housing developments in emerging economies, especially in the Asia-Pacific region, have led to a marked increase in the consumption of TDI-based products. According to the World Bank, urban population growth in East Asia & Pacific was 2.3% in 2022, significantly contributing to this demand. Furthermore, the automotive industry's emphasis on lightweight materials for enhanced fuel efficiency has further propelled the use of TDI in interior components. The U.S. Department of Energy reports that lightweight materials can improve fuel economy by 6-8% for every 10% reduction in vehicle weight.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Toluene Diisocynate Market Size in 2024: | USD 4.7 Billion |
| Forecast Period: | 2025 - 2034 |
| Forecast Period 2025 - 2034 CAGR: | 5.5% |
| 2034 Value Projection: | USD 8.1 Billion |
| Historical Data for: | 2021 - 2024 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 172 |
| Segments covered: | Application, End Use Industry |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Toluene Diisocynate Market Scope
