The North America Toluene Diisocyanate Market was valued $1,294.7 million in 2013 and is estimated to grow at a CAGR of 3.9% from 2013 to 2018. Toluene diisocyanate (TDI) is an intermediate in the production of polyurethanes, which has many useful properties and a wide range of applications. TDI is widely used in the production of flexible polyurethanes foams. TDI-based products find use in various industries such as construction, automotive, and electronics. The consumption of TDI is very high, as it is widely used in major industries such as automotive, furniture, paints & coatings, adhesives & sealants, and elastomers. Most of these industries are growing at a fast pace due to the growing demand from developing economies, which in turn are increasing the demand for TDI and TDI-based products.

Browse through the TOC of the North America Toluene Diisocyanate Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the North America Toluene Diisocyanate Resin market, and is supported by various tables and figures.

http://www.micromarketmonitor.com/market/north-america-toluene-diisocyanate-tdi-5627570835.html

The global market for toluene diisocyanate (TDI) is highly competitive with a number of market participants being close to each other with respect to market share. The major drivers for the market include increasing demand in construction, automotive, and electronic sectors in emerging economies. The factors that hinder the growth of this market include the fluctuating cost of raw materials and the toxicity issues related to the production process. The North American region is known mainly for its huge development in the infrastructure and the expansion of chemical industry, which is the main reason for the development of the toluene diisocyanate (TDI) market in the region. In this region, rigid polyurethane foam applications, along with flexible polyurethane foam applications, accounted for the major consumption of TDI, thereby driving the growth of TDI in the region.

The key countries in the region are the U.S. and Canada, where the U.S. is the largest player in terms of production and consumption of TDI. The overall growth is dependent on the production of flexible polyurethane, as a major part of TDI is consumed in production of flexible polyurethanes in the region. Canada imports a major part of its TDI from other countries. Its domestic production stands low till now and no major developments have been planned for the coming years. Canada majorly imports TDI for its electronic, thermal insulation, and construction industries. The growth is accredited to the low base effect, and the consumption of TDI in other applications will also experience a good growth between 2013 and 2018.

The report covers the North American toluene diisocyanate market, which is segmented on the basis of application and geography. The North American toluene diisocyanate market is applied in rigid foam, flexible foam, paints & coatings, adhesives & sealants, elastomers, and binders.

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