Asia-Pacific TDI Market Research Report 2023

Abstract

Global TDI market has seen significant changes in 2023. Leading TDI producer BASF has shut down its 300 ktpa facility in Ludwigshafen, while Japan’s Tosoh has also closed its plant as planned. Mitsui Chemicals has decided to reduce its existing TDI capacity from 120 ktpa to 50 ktpa by 2025. These strategic contractions by established TDI industry players have been observed. On the other hand, Wanhua Chemical has just completed construction and production of a 250 ktpa TDI facility in Fujian, and announced a plan for a second phase with a 330 ktpa facility currently under construction, expected to start production before 2025. Moreover, Cangzhou Dahua, BASF, and Covestro have expansion plans in China, and even Guangxin Corporation Limited, a Chinese agrochemical company, has announced an astonishing plan for a 600 ktpa TDI project. It is foreseeable that the Asia-Pacific region, especially China, will continue to increase its global market share in terms of TDI production capacity. The influence of the Asia-Pacific TDI market on the global stage will become more apparent. In fact, based on our observations, more and more customers from Europe, the Middle East, and the United States have begun to keep an eye on price intelligence in the Asia-Pacific market. Asia-Pacific TDI Market Research Report 2023, prepared by Pudaily, focuses on the Asia-Pacific market, providing in-depth analysis of the supply-demand pattern, price trends, costs and profits, potential growth, industry opportunities and potential threats, investment environment, and more. This report will assist users in targeting the ever-changing submarkets in the coming years, helping stakeholders make informed decisions and promote their development.

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