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Toluene diisocyanate Price History and Forecast Analysis | Procurement Resource

Bygofoodieonline

Dec 26, 2023

Toluene diisocyanate, commonly known as TDI, is a key organic compound extensively used in the production of polyurethane. This pale-yellow liquid carries a notably strong and unpleasant odor and is manufactured in large quantities.

Its production involves several steps. Initially, toluene undergoes nitration with nitric acid, resulting in dinitrotoluene during the liquid-phase phosgenation process. This compound is further catalytically hydrogenated to yield toluene diamine (TDA). Creating a crude TDI solution involves dissolving it in an inert solvent and treating it with phosgene. Fractionation follows to remove any residual phosgene, solvent, and hydrogen chloride, culminating in a vacuum distillation process.

On a global scale, major TDI production occurs in countries like China, Kenya, the UAE, South Korea, and the United States.

Request for Real-Time Toluene diisocyanate Prices: https://procurementresource.com/resource-center/toluene-diisocyanate-price-trends/pricerequest

Key Details About the Toluene diisocyanate Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Toluene diisocyanate price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

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The Toluene diisocyanate Prices, including India’s Toluene diisocyanate price, USA’s Toluene diisocyanate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Toluene Diisocyanate Price Trend:

Toluene diisocyanate Price Trend

Toluene Diisocyanate finds significant application in furniture production. The escalating demand for luxurious beds, sofas, and chairs has led to a substantial utilization of polyurethane foam in recent years, and this trend is expected to persist in the foreseeable future.

The projected period indicates that the toluene diisocyanate market will witness growth primarily due to the increased manufacturing of high-end vehicles, intensified competition within the automotive sector, and the growing utilization of polyurethane foams in car construction.

Furthermore, the TDI market is poised to benefit from the heightened need for sealants and coatings aimed at reducing leaks. The forecast period predicts a surge in demand for rigid foams within the packaging industry, resulting in an expanded packaging sector, thereby fostering market growth.

Key Players:

  • Overseas Polymers Pvt. Ltd
  • Huntsman Corporation
  • BorsodChem
  • The Dow Chemical Company
  • Mitsui Chemicals, Inc
  • Bayer
  • Lyondell Chemical Company

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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By gofoodieonline

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