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MDI, TDI, Polyurethane Market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.5% in the forecast period of 2020 to 2027 and expected to reach USD 36,802.76 million by 2027. Increasing demand of polyurethane products in the developing countries boosts the demand of MDI and TDI.
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Global MDI, TDI, Polyurethane Market Scope and Market Size
MDI, TDI, polyurethane market is segmented on the basis of type, raw material, application and end-use. The growth among segments helps you to analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the market is segmented into toluene diisocyanate (TDI) and methylene diphenyl diisocyanate (MDI). Methylene diphenyl diisocyanate (MDI) is dominating the market globally as it has become the most important building blocks in the manufacturing of polyurethanes urethane-prepolymers, and polyisocyanurate polymers in many industries.
- On the basis of raw material, the market is segmented into crude oil, natural gas, toluene, benzene, nitric acid, methanol, chlorine and others. Crude oil dominates the market as to produce MDI and TDI both crude oil is one of the basic raw material which is used in the production process.
- On the basis of application, the market is segmented into polyurethane foam, polyurethane elastomers, polyurethane adhesives and sealants, polyurethane coatings and others. Polyurethane foam is dominating the market globally as it produces a seamless blanket of insulation giving rise to a product without joints. The insulation material made of polyurethane foam has a high strength to weight ratio, easy to use and resistant to moisture.
- On the basis of end-use, the market is segmented into footwear, furniture, automotive, building and construction, home appliances, textiles, healthcare, electrical and electronics, packaging, industrial machinery and others. Furniture is dominating the market globally as in most of the furniture’s the major raw material which is getting used is the polyurethane foam and majority of the PU foam is made from the raw materials MDI and TDI. The MDI, TDI raw materials provide improvements in the energy conservations and the raw materials are very versatile in nature therefore it provides flexibility in the products.
MDI, TDI, Polyurethane Market Country Level Analysis:
The countries covered in the MDI, TDI, Polyurethane Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
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Leading MDI, TDI, Polyurethane manufacturers/companies operating at both regional and global levels:
BASF SE, Dow, Covestro AG, Huntsman InternationalEra Polymers Pty Shandong INOV Polyurethane Co., Kuwait Polyurethane Industries W.L.L, Wanhua Chemical Group Co.Ltd, Tosoh Corporation, Yantai Shunda Polyurethane Co.Ltd., Karoon Petrochemical Company, Shanghai Hungsun Chemicals Co.,, Hanwha Chemical Corporation, Merck KGaA, KUMHO MITSUI CHEMICALS CORP, Royal Dutch Shell plc, SABIC, Tokyo Chemical Industry Co.,, OCI COMPANY Ltd and Mitsubishi Shoji Chemical Corporation.
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