MarketsandMarkets has released a research report on the global MDI, TDI and polyurethane market. The report is categorized based on raw materials, applications, end-uses and geography.
The market report includes analysis of market opportunities, challenges and trends and forecast of all the three products. The forecast on global market for MDI, TDI, and polyurethanes is estimated on the basis of key geographies such as Asia-Pacific, Europe, North America and other parts of the world.
Polyurethanes are the most versatile polymers and they are available in a wide range of forms that ranges from rigid or flexible lightweight foams to strong and rigid elastomers. The materials have several industrial and consumer applications, including shoe soles, automotive seating, household furniture, refrigerators and building insulation.
The report reveals that the global polyurethanes market has achieved 13,650 kt in 2010 and is projected to reach 17,946.20 kt by the end of 2016. Also, the market is estimated to reach $55,479.68 million revenue by 2016. In 2010, Europe, Asia-Pacific and North America dominated the global polyurethane market. South America, Eastern Europe and Asia-Pacific are anticipated to increase the demand for polyurethanes in the upcoming years. In 2010, the polyurethane market was dominated by the furniture and interior industry, which accounts for 28.01% of the overall demand. The construction industry is the second leading end-user of polyurethanes.