toluene diisocyanate market a market growth of 4.35% is expected in the forecast period from 2021 to 2028. The Asia-Pacific region dominates the toluene diisocyanate market due to the increasing demand for luxury furniture. Moreover, the increase in consumers’ purchasing parity will further fuel the growth of the toluene diisocyanate market in the region during the forecast period. North America is expected to witness significant growth in the toluene diisocyanate market owing to the increasing demand for luxury automobiles. Moreover, the increasing upgrading of the product with large R&D investments to reduce the toxicity strength is expected to further propel the growth of the toluene diisocyanate market in the region in the coming years.

Toluene diisocyanate can be described as an organic compound with the formulas CH3C6H3(NCO)2. The toluene diisocyanate or TDI is also used to improve the octane number in gasoline. In addition, some of the smaller chemical uses include the production of phenol, benzoic acid, and nitrobenzene.

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Major Players in Toluene Diisocyanate Market are:

BASF SE; dow; Tosoh Corporation; Wanhua Chemical Group Co., Ltd.; Yantai Juli Fine Chemical Co., Ltd.; Vencorex Holding SAS; OVERSEAS POLYMERS PVT. GMBH.; GNFC Limited; OCI COMPANY Ltd.; Hanwha Group; LANXESS; Covestro AG; China National Bluestar (Group) Co,Ltd. and Anderson Development among others.

Global Toluene Diisocyanate Market Segmentation:

The toluene diisocyanate market is segmented on the basis of forms, application and end-users. The growth between the different segments will help you to gain the knowledge about the different growth factors that are expected to be prevailing throughout the market and formulate different strategies to…