World Analysis – TDI

  • Market Overview
  • Key Benefits
  • Service Features
  • Annual Table of Contents

Market Overview

Duration: Long-term outlook to 2050

Diisocyanates and polyisocyanates are reactive intermediates, which typically are reacted with the hydroxyl groups of polyol coreactants to form polyurethanes. Toluene diisocyanate (TDI, also called tolylenediisocyanate) is derived from toluene and is most commonly used for flexible foam used in furniture, bedding, and automotive components. A fast-growing application of TDI is in electric vehicles that require strong, but lightweight, materials. As advancements continue in the development of electric vehicles, TDI consumption per vehicle is expected to trend upward to ensure electric vehicles are as light as possible. Another area with high growth opportunities is the development of more environmentally friendly flexible foams for the automotive industry, including TDI-based flexible polyurethane foams made with renewable or recycled polyether polyols.

The three largest producers, BASF, Covestro, and Wanhua Chemical, account for about 60% of global nameplate capacity as the TDI market is concentrated owing to high barriers of entry related to proprietary technology and complex production processes. However, technology licensing has become less of an obstacle as producers have developed their own technology, especially in mainland China. Over 90% of TDI capacity is in Northeast Asia (mainly mainland China), West Europe, and the United States. New world-scale capacity in the future will likely be limited to the Asia Pacific region, particularly in mainland China. In the U.S., producers may decide to debottleneck existing plants given the low-cost position. In other emerging economies, such as India, the Middle East, and Central Europe, construction of TDI plants could occur over the next ten years. The concentration of production and exports within only a few markets contrasts with a high number of importing markets. The largest net importers include Brazil, Poland, Russia, Turkey, India, Indonesia, and Vietnam.

Key Benefits

Duration: Long-term outlook to 2050

The World Analysis -TDI provides a comprehensive analysis and key insights of critical market developments as they shape the future outlook for the global TDI market.

The following reports, data files, analytical tools and visualization modules are available online and can be downloaded from our website:

  • Direct Access to the Subject Matter Experts
  • In-depth exploration of present market strategic insights, recognition of key challenges, and presentation of our experts’ forecasts and analysis
  • Explanatory Notes detailing data sources, methodologies, unit and conversion factors, and World Analysis deliverables.
  • Energy and Economy assumptions
  • Price, cost and margin base assumptions forecast and sensitivities analysis, including price assessment methodology, including price definitions across all regions.
  • Excel data files with standard supply/demand graphics and price forecasts extended to 2050, trade grids with country and regional trade flows Data appendix (Excel) with supply/demand, capacity and trade tables.
  • An online dashboard visualization of capacity, supply/demand, trade grids, and price, cost and margin forecasts
  • Supply/demand and capacity database access via data browser
  • Data Appendix (Excel) with supply/demand and capacity tables
  • Capacity by company/shareholder, capacity integration, top producer/consumer and surplus/deficit capacity ranking, and ownership/subsidiary information

This World Analysis contains detailed information on capacities, production, demand, and trade for all significant producing and consuming countries and regions. Although data gathering is essential for understanding history and potential future trends, we believe that the interpretation and analysis of the data is the most valuable information to our clients.

Service Features

Duration: Long-term outlook to 2050


Frequency: Bi-annual
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050
Area Coverage: By country/region; include “hypothetical” capacity changes in the forecast period
Chemical Coverage: Toluene diisocyanate (TDI)


Frequency: Updated daily
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050

  • Nameplate capacity on individual plant location by producer and by the shareholder for main study products + essential derivatives
  • Integration table and top producer and consumer ranking tables (includes net surplus/deficit)
Chemical Coverage: Toluene diisocyanate (TDI)


Frequency: Quarterly
Format: Excel
Timeframe: up to 2050
Area Coverage: For the key regions North America (US), Europe & Asia
Chemical Coverage: Toluene diisocyanate (TDI)


Frequency: Bi-annual
Format: Excel
Timeframe: 1 year of history, up to 10 years of forecast
Area Coverage: Between partner countries and by region
Chemical Coverage: Toluene diisocyanate (TDI)


Frequency: Annual
Format: PDF/HTML
Timeframe: 5-year history, forecast to 2050

  • Production economics/snapshots for selected regions/processes
  • Production process/technology overview
Chemical Coverage: Toluene diisocyanate (TDI)


  • Access to our global team of subject matter experts
  • Interactive data visualization module (dashboard)
  • Standard supply/demand graphs
  • Data appendix with supply/demand and capacity tables
  • Supply/demand and capacity database access via data browser

Annual Table of Contents

  • Introduction 4
  • Executive Overview 5
  • Strategic Insights 8
  • Key global trends and consumer preferences will drive TDI demand 8
  • High margins support new capacity investment projects 9
  • Impact of US mattress antidumping duties 10
  • Mechanical and chemical recycling 11
  • Production Process Overview 14
  • Introduction 14
  • Phosgenation Process 14
  • Nonphosgenation Process 15
  • Price Forecast 16
  • Methodology 16
  • North America 17
  • West Europe 17
  • Asia 18
  • Price Forecast Tables 19
  • Supply/Demand Forecast Methodology 20

Market Coverage



Paint & Coating


David Potter

David Potter Vice President Aromatics and Fibers, EMEA Chemical Market Analytics by OPIS

David Potter is Vice President of Aromatics and Fibers, EMEA, at Chemical Market Analytics. David joined the Chemical Market Analytics team in January 2013 and is Vice President for the EMEA team, with product responsibility for pygas and benzene. David has expertise across several markets within the aromatics and fibers sector, including styrene monomers, phenolics, polyurethane feedstocks and ethylene oxide and derivatives. Between 2016-2018, David had global responsibility for Chemical Market Analytics daily pricing and market update reports for aromatics and light olefins. David joined the Chemical Market Analytics team from Platts, where he was an editor in the petrochemicals team responsible for price discovery, assessment, and editorial content on various petrochemical markets. However, David mainly focused on aromatics, where he was responsible for the benzene market coverage for over five years. Before his time at Platts, David worked for Petrochem Carless (now Haltermann Carless) for eight years between 1999-2007. He undertook many commercial roles here, including product management and customer service manager. He was responsible for buying and selling many different aliphatic and aromatic products, ketone solvents, antifreeze and glycols, plus undertaking many roles around road, rail and shipping logistics. David has a Bachelor of Arts in Media and a postgraduate diploma in Periodical Journalism.  
See Yan Wong

See Yan Wong Director, Polyurethane Feedstocks, Asia Pacific Chemical Market Analytics by OPIS

See Yan Wong is the Director for Polyurethane Feedstock at Chemical Market Analytics. See Yan is the Asia Director for Polyurethane Feedstocks at Chemical Market Analytics. Since her appointment in 2018, she has been pivotal in establishing and growing the Polyurethane Feedstock Market Advisory Service. With over two decades of industry expertise, See Yan is a cornerstone within the organization, offering invaluable understanding and profound insights into the polyurethane feedstocks sector. Operating within the Asia region, she collaborates closely with stakeholders in the polyurethane sector, fostering ongoing dialogues with key industry players to provide essential support and guidance. Her primary focus encompasses overseeing the analysis of the Propylene Oxide chain and the MDI and TDI chains. Her prior experience includes Business Management, Supply Chain, Procurement, Sales and Marketing. Her portfolio of achievements includes developing a supply chain (planning and order management) and procurement processes for the Asian region, driving profit improvements through supply chain cost savings and commercial trading activities. She is equipped with rich market knowledge, a positive and mature personality, and solid managerial capability, which are essential strengths to make a difference in managing commodity trading activities within Asia. Ms. Wong has a Bachelor of Business Administration from the University of South Australia.

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