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Chemical & Material Global Toluene Diisocynate (TDI) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4628693
    • |
  • 26 September, 2025
    • |
  • Global
    • |
  • 111 Pages
    • |
  • GIR
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  • Chemical & Material

According to our (Global Info Research) latest study, the global Toluene Diisocynate (TDI) market size was valued at US$ 5015 million in 2024 and is forecast to a readjusted size of USD 6958 million by 2031 with a CAGR of 4.8% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Toluene diisocyanate (TDI) is a member of the diisocyanate family associated with polyurethane chemistry. It is often marketed as 80/20 and 65/35 mixtures of the 2,4 and 2,6 isomers respectively.
TDI is one of the main raw materials for polyurethane and an upstream raw material for the production of sponges, polyurethane adhesives and sealants. The TDI production route includes liquid-phase phosgenation and gas-phase phosgenation. Currently, only Covestro uses the gas-phase method, and other devices are liquid-phase methods. There are steps such as nitration, photochemical reaction, and hydrogenation in the TDI reaction process, which has high technical barriers.
Globally, TDI production facilities are mainly distributed in China, Japan, South Korea, Germany, Hungary and the United States. China is the largest TDI producer, accounting for about 45% of the market share. Wanhua Chemical is the world's largest TDI producer, with a total TDI production capacity of 0.95 million tons/year in 2023. In 2024, Wanhua Chemical announced the TDI expansion plan for the Fujian base. After the project expansion is completed, Wanhua Chemical's total TDI production capacity is expected to reach 1.42 million tons/year. With BASF closing its German TDI plant in 2023 and Wanhua Chemical acquiring Yantai Juli's TDI business, the global TDI industry concentration will be further improved.
Market Drivers
Increasing Demand from the Polyurethane Industry: The primary market driver for Toluene Diisocyanate (TDI) is its extensive use in the production of polyurethane (PU) products. TDI is a key raw material for flexible polyurethane foams, which are widely used in furniture, bedding, and automotive seating. The growing construction and automotive industries, driven by increasing urbanization and rising disposable incomes, have led to heightened demand for flexible PU foams. TDI is also used in coatings, adhesives, sealants, and elastomers (CASE applications), further contributing to its market growth.
Growth in the Furniture and Bedding Sectors:The rising consumer preference for comfort and the increasing demand for high-quality mattresses and furniture have boosted the need for flexible polyurethane foam, driving the TDI market. The expansion of e-commerce and the trend toward online shopping for home furnishings have also accelerated the demand for PU foam-based products. With the global shift towards more comfortable and ergonomic furniture, TDI consumption is expected to rise in the production of cushions, mattresses, and upholstered furniture.
Rising Automotive Industry Demand:The automotive industry's growth, particularly in emerging markets, is a significant driver for TDI. The use of flexible polyurethane foam in automotive interiors, such as seat cushions, headrests, and soundproofing materials, enhances comfort and safety. As the global automotive industry moves toward electric vehicles (EVs), the need for lightweight materials like PU foam is increasing to enhance fuel efficiency and range, further boosting the demand for TDI.
This report is a detailed and comprehensive analysis for global Toluene Diisocynate (TDI) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Toluene Diisocynate (TDI) market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Toluene Diisocynate (TDI) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Toluene Diisocynate (TDI) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Toluene Diisocynate (TDI) market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Toluene Diisocynate (TDI)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Toluene Diisocynate (TDI) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Wanhua Chemical, BASF, Mitsui Chemicals, Covestro, Hanwha Chemical, Cangzhou Dahua, Gansu Yinguang Juyin, OCI, GNFC, Dow, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Toluene Diisocynate (TDI) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
TDI 80/20
TDI 65/35
TDI 100
Market segment by Application
Flexible Polyurethane Foams
Coating
Adhesives & Sealants
Others
Major players covered
Wanhua Chemical
BASF
Mitsui Chemicals
Covestro
Hanwha Chemical
Cangzhou Dahua
Gansu Yinguang Juyin
OCI
GNFC
Dow
SABIC
Karoon Petrochemical Company
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Toluene Diisocynate (TDI) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Toluene Diisocynate (TDI), with price, sales quantity, revenue, and global market share of Toluene Diisocynate (TDI) from 2020 to 2025.
Chapter 3, the Toluene Diisocynate (TDI) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Toluene Diisocynate (TDI) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Toluene Diisocynate (TDI) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Toluene Diisocynate (TDI).
Chapter 14 and 15, to describe Toluene Diisocynate (TDI) sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Toluene Diisocynate (TDI) Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 TDI 80/20
    • 1.3.3 TDI 65/35
    • 1.3.4 TDI 100
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Toluene Diisocynate (TDI) Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Flexible Polyurethane Foams
    • 1.4.3 Coating
    • 1.4.4 Adhesives & Sealants
    • 1.4.5 Others
  • 1.5 Global Toluene Diisocynate (TDI) Market Size & Forecast
    • 1.5.1 Global Toluene Diisocynate (TDI) Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Toluene Diisocynate (TDI) Sales Quantity (2020-2031)
    • 1.5.3 Global Toluene Diisocynate (TDI) Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Wanhua Chemical
    • 2.1.1 Wanhua Chemical Details
    • 2.1.2 Wanhua Chemical Major Business
    • 2.1.3 Wanhua Chemical Toluene Diisocynate (TDI) Product and Services
    • 2.1.4 Wanhua Chemical Toluene Diisocynate (TDI) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Wanhua Chemical Recent Developments/Updates
  • 2.2 BASF
    • 2.2.1 BASF Details
    • 2.2.2 BASF Major Business
    • 2.2.3 BASF Toluene Diisocynate (TDI) Product and Services
    • 2.2.4 BASF Toluene Diisocynate (TDI) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 BASF Recent Developments/Updates
  • 2.3 Mitsui Chemicals
    • 2.3.1 Mitsui Chemicals Details
    • 2.3.2 Mitsui Chemicals Major Business
    • 2.3.3 Mitsui Chemicals Toluene Diisocynate (TDI) Product and Services
    • 2.3.4 Mitsui Chemicals Toluene Diisocynate (TDI) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Mitsui Chemicals Recent Developments/Updates
  • 2.4 Covestro
    • 2.4.1 Covestro Details
    • 2.4.2 Covestro Major Business
    • 2.4.3 Covestro Toluene Diisocynate (TDI) Product and Services
    • 2.4.4 Covestro Toluene Diisocynate (TDI) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Covestro Recent Developments/Updates
  • 2.5 Hanwha Chemical
    • 2.5.1 Hanwha Chemical Details
    • 2.5.2 Hanwha Chemical Major Business
    • 2.5.3 Hanwha Chemical Toluene Diisocynate (TDI) Product and Services
    • 2.5.4 Hanwha Chemical Toluene Diisocynate (TDI) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Hanwha Chemical Recent Developments/Updates
  • 2.6 Cangzhou Dahua
    • 2.6.1 Cangzhou Dahua Details
    • 2.6.2 Cangzhou Dahua Major Business
    • 2.6.3 Cangzhou Dahua Toluene Diisocynate (TDI) Product and Services
    • 2.6.4 Cangzhou Dahua Toluene Diisocynate (TDI) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Cangzhou Dahua Recent Developments/Updates
  • 2.7 Gansu Yinguang Juyin
    • 2.7.1 Gansu Yinguang Juyin Details
    • 2.7.2 Gansu Yinguang Juyin Major Business
    • 2.7.3 Gansu Yinguang Juyin Toluene Diisocynate (TDI) Product and Services
    • 2.7.4 Gansu Yinguang Juyin Toluene Diisocynate (TDI) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Gansu Yinguang Juyin Recent Developments/Updates
  • 2.8 OCI
    • 2.8.1 OCI Details
    • 2.8.2 OCI Major Business
    • 2.8.3 OCI Toluene Diisocynate (TDI) Product and Services
    • 2.8.4 OCI Toluene Diisocynate (TDI) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 OCI Recent Developments/Updates
  • 2.9 GNFC
    • 2.9.1 GNFC Details
    • 2.9.2 GNFC Major Business
    • 2.9.3 GNFC Toluene Diisocynate (TDI) Product and Services
    • 2.9.4 GNFC Toluene Diisocynate (TDI) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 GNFC Recent Developments/Updates
  • 2.10 Dow
    • 2.10.1 Dow Details
    • 2.10.2 Dow Major Business
    • 2.10.3 Dow Toluene Diisocynate (TDI) Product and Services
    • 2.10.4 Dow Toluene Diisocynate (TDI) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Dow Recent Developments/Updates
  • 2.11 SABIC
    • 2.11.1 SABIC Details
    • 2.11.2 SABIC Major Business
    • 2.11.3 SABIC Toluene Diisocynate (TDI) Product and Services
    • 2.11.4 SABIC Toluene Diisocynate (TDI) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 SABIC Recent Developments/Updates
  • 2.12 Karoon Petrochemical Company
    • 2.12.1 Karoon Petrochemical Company Details
    • 2.12.2 Karoon Petrochemical Company Major Business
    • 2.12.3 Karoon Petrochemical Company Toluene Diisocynate (TDI) Product and Services
    • 2.12.4 Karoon Petrochemical Company Toluene Diisocynate (TDI) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Karoon Petrochemical Company Recent Developments/Updates

3 Competitive Environment: Toluene Diisocynate (TDI) by Manufacturer

  • 3.1 Global Toluene Diisocynate (TDI) Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Toluene Diisocynate (TDI) Revenue by Manufacturer (2020-2025)
  • 3.3 Global Toluene Diisocynate (TDI) Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Toluene Diisocynate (TDI) by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Toluene Diisocynate (TDI) Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Toluene Diisocynate (TDI) Manufacturer Market Share in 2024
  • 3.5 Toluene Diisocynate (TDI) Market: Overall Company Footprint Analysis
    • 3.5.1 Toluene Diisocynate (TDI) Market: Region Footprint
    • 3.5.2 Toluene Diisocynate (TDI) Market: Company Product Type Footprint
    • 3.5.3 Toluene Diisocynate (TDI) Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Toluene Diisocynate (TDI) Market Size by Region
    • 4.1.1 Global Toluene Diisocynate (TDI) Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Toluene Diisocynate (TDI) Consumption Value by Region (2020-2031)
    • 4.1.3 Global Toluene Diisocynate (TDI) Average Price by Region (2020-2031)
  • 4.2 North America Toluene Diisocynate (TDI) Consumption Value (2020-2031)
  • 4.3 Europe Toluene Diisocynate (TDI) Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Toluene Diisocynate (TDI) Consumption Value (2020-2031)
  • 4.5 South America Toluene Diisocynate (TDI) Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Toluene Diisocynate (TDI) Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Toluene Diisocynate (TDI) Sales Quantity by Type (2020-2031)
  • 5.2 Global Toluene Diisocynate (TDI) Consumption Value by Type (2020-2031)
  • 5.3 Global Toluene Diisocynate (TDI) Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Toluene Diisocynate (TDI) Sales Quantity by Application (2020-2031)
  • 6.2 Global Toluene Diisocynate (TDI) Consumption Value by Application (2020-2031)
  • 6.3 Global Toluene Diisocynate (TDI) Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Toluene Diisocynate (TDI) Sales Quantity by Type (2020-2031)
  • 7.2 North America Toluene Diisocynate (TDI) Sales Quantity by Application (2020-2031)
  • 7.3 North America Toluene Diisocynate (TDI) Market Size by Country
    • 7.3.1 North America Toluene Diisocynate (TDI) Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Toluene Diisocynate (TDI) Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Toluene Diisocynate (TDI) Sales Quantity by Type (2020-2031)
  • 8.2 Europe Toluene Diisocynate (TDI) Sales Quantity by Application (2020-2031)
  • 8.3 Europe Toluene Diisocynate (TDI) Market Size by Country
    • 8.3.1 Europe Toluene Diisocynate (TDI) Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Toluene Diisocynate (TDI) Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Toluene Diisocynate (TDI) Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Toluene Diisocynate (TDI) Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Toluene Diisocynate (TDI) Market Size by Region
    • 9.3.1 Asia-Pacific Toluene Diisocynate (TDI) Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Toluene Diisocynate (TDI) Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Toluene Diisocynate (TDI) Sales Quantity by Type (2020-2031)
  • 10.2 South America Toluene Diisocynate (TDI) Sales Quantity by Application (2020-2031)
  • 10.3 South America Toluene Diisocynate (TDI) Market Size by Country
    • 10.3.1 South America Toluene Diisocynate (TDI) Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Toluene Diisocynate (TDI) Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Toluene Diisocynate (TDI) Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Toluene Diisocynate (TDI) Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Toluene Diisocynate (TDI) Market Size by Country
    • 11.3.1 Middle East & Africa Toluene Diisocynate (TDI) Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Toluene Diisocynate (TDI) Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Toluene Diisocynate (TDI) Market Drivers
  • 12.2 Toluene Diisocynate (TDI) Market Restraints
  • 12.3 Toluene Diisocynate (TDI) Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Toluene Diisocynate (TDI) and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Toluene Diisocynate (TDI)
  • 13.3 Toluene Diisocynate (TDI) Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Toluene Diisocynate (TDI) Typical Distributors
  • 14.3 Toluene Diisocynate (TDI) Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Toluene Diisocynate (TDI). Industry analysis & Market Report on Toluene Diisocynate (TDI) is a syndicated market report, published as Global Toluene Diisocynate (TDI) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Toluene Diisocynate (TDI) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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