Toluene DiIsocyanate Prices Overview

Market Overview

Quarterly Update on Global Toluene Diisocyanate Market
For the Quarter Ending September 2020
After observing steep slump in its values in the previous quarter, Toluene Diisocyanate (TDI) fundamentals in the Asian market gradually improved by Q3 FY20 against the backdrop of supply shortages from several western countries due to seasonal plant outages. Although TDI market sentiments in the Southeast Asian countries like India remained bearish as buyers restrained from indulging in new contract deals as they were expecting a further drop in prices. In India, TDI was traded at USD 1839 per MT in September, showcasing a drop by around 3.5 per cent from the previous quarter. To relieve the domestic production, the government of India announced anti-dumping inquest on TDI imports from China in late August. As major economies in Asia are continuously revising their market strategies to combat against the demand volatility, traders showcased optimism over improvement in its offtakes by the next quarter.
Middle East
Supply fundamentals of Toluene Diisocyanate (TDI) remained mixed in the third quarter of 2020. Producers were heard operating at increased rate on pick up in demand from flexible foaming application amidst the resumption in market activities due to relaxations provided in lockdown restrictions. However, several maintenance turnarounds in the second half of the quarter caused a supply shortage in the market, thereby compelling the end use industries to shift to the imported product. Many factories that earlier maintained low inventories were seen restocking ahead of the anticipated rise in seasonal demand.
North America

Ample stock of TDI in the US market against its slowed consumption from downstream industries continued to put forth downward pressure on its price fundamentals. In line with bearish demand outlook, BASF declared a force measure on TDI plant based in Louisiana. Although the situation relatively improved in comparison to the previous quarter with pickup in demand from bedding and furniture segments, it was not enough to revive the prolonged grim outlook of TDI in the regional market. Furthermore, demand for TDI from the automotive sector showed a substantial recovery but remained way below the pre-pandemic levels. 

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ChemAnalyst gathers information through primary research surveys conducted with various Toluene Diisocyanate manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Toluene Diisocyanate market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Toluene Diisocyanate market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.

Finally, region-specific markets for Toluene Diisocyanate are analyzed and region-wise demand pattern is tracked.


Toluene Diisocyanate (TDI) is a highly reactive aromatic isocyanate, primarily synthesized to produce Polyurethane (PU) foams which is further utilized for mattresses, upholstery and automotive. In addition to PU elastomers and coatings, TDI is also utilized in adhesives, paints, rigid foams and concreate sealants. With anticipated increment in demand for Polyurethanes in various end-use industries, demand for TDI is anticipated to observe a healthy growth in the coming years. Being a relatively denser compound, TDI interacts with water in an exothermic reaction forming carbon dioxide and insoluble polyurea. Commercial production of TDI is mainly achieved by Nitration of Toluene to Dinitrotoluene, the reaction is proceeded by catalytic hydrogenation of the former compound to Toluene Diamine (TDA) which is further dissolved in an inert solvent and reacted with phosgene to finally process the intermediate into crude TDI. Another method to manufacture TDI is via carbonylation with o-dichlorobenzene straight from dinitrotoluene.