Asia-Pacific region mentioned in this report covers China, Southeast Asia, India, Japan and South Korea
Abstract
In 2024, the global supply and demand dynamics of TDI continued to evolve. Firstly, the demand recovery was significantly slower than expected, with downstream manufacturers showing reduced demand for TDI. Secondly, China’s TDI suppliers kept capacity expansion, reshaping the global TDI supply-demand landscape and likely to have a significant impact on global TDI prices. It is foreseeable that the Asia-Pacific region, especially China, will take a larger share of the global total TDI capacities and have a greater impact on the global market in the future.
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