Toluene Diisocyanate Market Size, Share & Trends Analysis Report By Ingredients, By Beverage Type, By Flavor Type, By Form, By Origin, By Region And Segment Forecasts, 2021 - 2026

Toluene Diisocyanate Market

Toluene Diisocyanate (TDI) is a liquid with a pungent odor and pale yellow colorless in color. It is principally used in the manufacturing of polyurethanes. Toluene Diisocyanate (TDI) has a chemical formula of CH3C6H3 (NCO)2 and is organic and is produced from the synthesis of chlorobenzene, toluene, and phosgene, among others. Polyurethane is used in various applications such as paints, coatings, adhesives, and flexible foams. Flexible foams find wide application in beddings, furniture, medical mattresses, among others. The growing demand for polyurethane from end-user industries such as construction, electronics, automotive, packaging, among others, is anticipated to create an upswing for Toluene Diisocyanate (TDI) market.

The Major Players Covered in this Report:
BASF SE, The Dow Chemical Company, Bayer AG, ChemChina Petrochemicals Co. Ltd.,, Nan Ya Plastics 

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By Application- Foams, Coatings, Adhesive, Elastomers, Others,

By End-User- Construction, Electronics, Automotive, Packaging, Others

Growing instances of pressure injuries increase demand for pressure mattresses and in turn create upswings for market growth

Pressure injuries such as bedsores are commonly occurring ailment that occurs in the U.S. As per the Agency for Healthcare Research and Quality, around 2.51 million people in the U.S. are suffering from back ailments each year. This indicates a growing potential for pressure relief mattresses made from special flexible foams used in the mattresses, which is important in preventing and treating pressure injuries.

Furthermore, according to the data released by the Collaborative Healthcare Patient Safety Organization (CHPSO), around 14,000 pressure injuries were reported. Of these, 47% of cases were from ages 18-64, while 53% were from 65 and above. The number of vulnerable populations’ older, mature, and aged adults is upward as per CHPSO.

Additionally, there has been found a high prevalence of backpressure injuries as compared to the United States. Furthermore, the cost of medical treatment is higher as compared to the U.S in Canada, which is why most people prefer home treatments. This factor is likely to increase the sale of pressure mattresses that involve special foam use and is likely to influence the Toluene Diisocyanate market's market growth during the assessment period.

Regional Analysis For Toluene Diisocyanate Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Toluene Diisocyanate are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Toluene Diisocyanate in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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