Toluene Diisocyanate (TDI) Price Trend

Toluene Diisocyanate Price Trend, Index and Forecast

Track the latest insights on toluene diisocyanate price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Toluene Diisocyanate Prices Outlook Q2 2025

• United States: US$ 3030/MT
• China: US$ 1500/MT
• Germany: US$ 2820/MT
• Japan: US$ 1965/MT

Toluene Diisocyanate Price Chart

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Toluene Diisocyanate Prices Outlook Q1 2025

• USA: US$ 2992/MT
• Japan: US$ 1934/MT
• Germany: US$ 2650/MT
• China: US$ 1560/MT
• Netherlands: US$ 2315/MT

During the first quarter of 2025, the toluene diisocyanate prices in the USA reached 2992 USD/MT in March. In Q1 2025, toluene diisocyanate (TDI) prices in the United States were influenced by fluctuating feedstock toluene and nitric acid costs, along with operational adjustments at key production sites due to weather-related disruptions. Demand from the furniture and automotive upholstery sectors remained stable, though slower residential construction activity tempered broader consumption. Logistics inefficiencies, including regional trucking delays, contributed to extended lead times, impacting supply availability and producer cost structures.

During the first quarter of 2025, toluene diisocyanate prices in Japan reached 1934 USD/MT in March. In this period in Japan, TDI price dynamics were shaped by steady domestic demand from automotive and insulation applications, combined with rising input costs for toluene and phosgene. Import dependence on specific intermediates added exposure to currency fluctuations and shipping delays. Manufacturers maintained consistent output, but regional competition and slow recovery in export markets added pressure to align with broader Asia-Pacific pricing trends.

During the first quarter of 2025, the toluene diisocyanate prices in Germany reached 2650 USD/MT in March. Germany’s TDI market was influenced by tight availability of feedstocks, particularly toluene, as well as high energy costs driven by regional supply chain constraints. Demand from construction insulation and automotive foam segments was moderate, while ongoing labor shortages and elevated freight rates added to supply-side cost pressures. Environmental regulations also affected operational planning, leading to periodic production adjustments and shifts in inventory management strategies.

During the first quarter of 2025, the toluene diisocyanate prices in China reached 1560 USD/MT in March. In China, TDI prices were affected by domestic supply fluctuations due to planned maintenance at major facilities and government-imposed environmental controls. Toluene feedstock costs remained relatively volatile, while downstream demand from furniture and appliance manufacturers was uneven due to post-holiday production slowdowns. Export interest weakened, and producers faced margin pressure from rising utility costs and subdued global orders, particularly from Southeast Asia.

During the first quarter of 2025, the toluene diisocyanate prices in the Netherlands reached 2315 USD/MT in March. In the Netherlands, TDI pricing was impacted by limited regional production and strong reliance on imports from Asia and North America. Supply chain congestion at major ports and increased shipping rates raised landed costs. Demand from the automotive and construction sectors remained cautious, with buyers managing inventories conservatively. Currency volatility and high feedstock procurement costs further influenced pricing strategies among importers and distributors.

Toluene Diisocyanate Prices Outlook Q2 2024

• United States: US$ 2635/MT
• Japan: US$ 1965/MT
• Germany: US$ 2570/MT

The toluene diisocyanate prices in the United States for Q2 2024 reached 2635 USD/MT in June. The market faced declining prices, primarily driven by weakened requirements from the polyurethane sector. Supply levels remained stable, and oversupply and improving feedstock accessibility pressured pricing. Besides, crude oil costs fell further, weakening market sentiment. As the quarter progressed, sluggish demand and ample inventory created a bearish environment, challenging the participants in the market.

The price trend for toluene diisocyanate in Japan for Q2 2024 settled at 1965 USD/MT in June. The market experienced downward pricing trends due to muted requirements from the Polyurethane industry, specifically in the automotive and construction sectors. Economic uncertainties and fluctuating feedstock costs added to the market challenges. The overall sentiment remained bearish, marked by subdued trading activity and higher inventory levels.

In Germany, the toluene diisocyanate prices for Q2 2024 reached 2570 USD/MT in June. The market saw declining prices amid weak requirements from the Polyurethane sector. Challenges in the construction and automotive industries intensified, while limited new projects added strain to market dynamics. Despite stable feedstock costs, the bearish trend persisted, reflecting the difficulties faced by suppliers.

Toluene Diisocyanate Prices Outlook Q4 2023

• USA: US$ 2345/MT
• South Korea: US$ 1966/MT
• Belgium: US$ 2457/MT

The toluene diisocyanate prices in the United States for Q4 2023 reached 2345 USD/MT (T80) in December. The market in the USA saw a decrease in demand throughout Q4 2023, influenced by a decrease in manufacturing output in the automotive sector amid labor strikes. Lower feedstock costs and stable crude oil prices added to the market's bearish trend, further weakened by cautious buying behavior and the rise of bio-based alternatives.

The price trend for toluene diisocyanate in South Korea for Q4 2023, reached 1966 USD/MT (T80) in December. In South Korea, the market was impacted by maintenance shutdowns and subdued demand. Sluggish consumption rates in manufacturing and automotive industries, along with low procurement activities during winter, contributed to a steady price decline. Supply chain concerns later in the quarter added to market uncertainties.

The price trend for toluene diisocyanate in Belgium for Q4 2023, reached 2457 USD/MT (T80) in December. Belgium's toluene diisocyanate market faced a downturn, marked by a decrease in demand from the polyurethane sector amid economic slowdowns. Sufficient supply and a move towards bio-based polyurethane alternatives suppressed traditional market demand. A weak housing market further reduced the need for polyurethane materials, affecting prices.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the toluene diisocyanate prices.

Global Toluene Diisocyanate Price Trend

The report offers a holistic view of the global toluene diisocyanate pricing trends in the form of toluene diisocyanate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of toluene diisocyanate, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed toluene diisocyanate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Toluene Diisocyanate Price Trend

Q1 2025:

As per the toluene diisocyanate price index, toluene diisocyanate prices in Europe in this period experienced firm pricing largely due to supply disruptions and logistical setbacks rather than strong demand fundamentals. Weather-related port delays, strikes in major hubs like Rotterdam and Le Havre, and geopolitical tensions impacting oil supply chains all contributed to constrained availability and elevated feedstock costs. While construction demand remained weak, stable automotive output and moderate growth in specific markets like Italy provided some support. Despite easing toluene costs, ongoing supply limitations and transport issues sustained bullish sentiment throughout the quarter, keeping TDI prices elevated across the region.

Q2 2024:

The prices for TDI in the Europe market fluctuated in Q2 2024 before gradually declining at the close of the quarter. At first, the limited supply of feedstock helped to keep prices steady, as the polyurethane industry's demand was weak. Demand was significantly impacted by construction issues halfway through the quarter, such as fewer residential and commercial projects. Despite generally consistent support for costs from feedstock Toluene, the market's difficulties were exacerbated by the need for more fresh orders. Besides, the market saw significant price cuts toward the end of the quarter, mostly due to the automobile and construction industries declining activity. A worse market environment and continued difficulties for TDI suppliers were the reasons for the unfavorable trend's persistence.

Q4 2023:

In Europe, the market followed a bearish trajectory during Q4 2023, influenced by reduced industrial activities and sluggish demand from the polyurethane sector amid highest winter conditions. The market saw sufficient supply levels but a shift in buyer interest toward bio-based polyurethane alternatives, which suppressed traditional demand. Moreover, stable shipping rates in the mid-quarter kept supply rates steady. However, a decline in the Eurozone's manufacturing activities, as indicated by the manufacturing PMI, compounded the challenges.

This analysis can be extended to include detailed toluene diisocyanate price information for a comprehensive list of countries.

North America Toluene Diisocyanate Price Trend

Q1 2025:

As per the toluene diisocyanate price index, in Q1 2025, North America's TDI market experienced a bullish pricing environment driven by supply-side challenges and steady downstream demand. Early in the quarter, improved manufacturing activity and stable production supported market confidence, despite softer crude oil and feedstock toluene prices. Mid-quarter disruptions from an Arctic Blast and port congestion in New York and New Jersey strained logistics and limited availability. Automotive demand strengthened, especially for electric vehicles and light trucks, while construction activity remained mixed due to high costs and labor shortages. Persistent supply issues and rising exports sustained bullish momentum through quarter-end, despite policy-related trade uncertainties.

Q2 2024:

The North America market had significant pricing changes in the second quarter of 2024. In addition, the quarter started with strong prices owing to the rising production costs and geopolitical issues affecting the energy sector. Nonetheless, producers maintained steady operating rates, resulting in a stable supply throughout the mid-quarter. Nevertheless, a decline resulted from pricing pressure brought on by excess inventory brought on by decreased demand. A pessimistic market attitude was exacerbated by declining upstream crude oil costs and increased feedstock supply. Weak demand and overstock made things difficult for market players at the conclusion of the quarter, which was reflected in a sharp drop in price. As demand from important industries like polyurethane remained muted, the TDI industry as a whole showed enduring problems.

Q4 2023:

During the final quarter of 2023, the regional market undergone a downward trend due to reduced industrial activities and weakened demand in the polyurethane sector. This decline stemmed from sluggish product utilization rates in key industries, particularly as manufacturers in the automotive industry slowed production in the UAW strike. Lower feedstock costs and stabilized crude oil prices contributed to this trend. Additionally, the product availability remained sufficient, while demand dipped further after Black Friday, affecting retail sales and downstream sectors.

Specific toluene diisocyanate historical data within the United States and Canada can also be provided.

Middle East and Africa Toluene Diisocyanate Price Trend

Q1 2025:

The report explores the toluene diisocyanate trends and toluene diisocyanate price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on toluene diisocyanate prices for countries can also be provided.

Asia Pacific Toluene Diisocyanate Price Trend

Q1 2025:

In Q1 2025, the Asia Pacific TDI market experienced a mixed trend influenced by varying feedstock costs, production stability, and uneven demand. Early in the quarter, improved toluene availability and stable output supported prices, but weak domestic demand from the automotive and construction sectors limited gains. Post-Lunar New Year, rising inventories and sluggish downstream activity exerted downward pressure. Although Southeast Asian demand for polyurethane applications offered some support, China’s weak property market and softening vehicle sales constrained overall momentum. The quarter closed with moderate sentiment, shaped by region-specific consumption patterns and cautious procurement behavior.

Q2 2024:

The Asia-Pacific TDI market saw a steady drop in pricing in Q2 2024 as a result of weak requirements from the polyurethane industry, which was exacerbated by fewer operations in the construction and automotive sectors. Price difficulties were exacerbated by the uneven feedstock cost support brought about by fluctuating crude oil prices. Amid economic uncertainty and geopolitical concerns, buyers remained cautious, which resulted in higher inventories and lower trade volumes. Macroeconomic variables, including lower consumer spending and factory activity, exacerbated the negative trend during the quarter. Besides, with TDI manufacturers battling with declining demand and volatile costs, the market attitude remained pessimistic, making this an especially difficult moment for the area.

Q4 2023:

In Asia-Pacific, the market remained subdued throughout Q4 2023, with adequate need from industries and a steady regression in production activities. Early in the quarter, production costs were reduced due to falling crude oil prices and a downturn in global economic conditions. The market was further affected by maintenance shutdowns at key production sites, such as Mitsui Chemicals in Japan. As the quarter progressed, reduced procurement activity and sluggish demand from manufacturing and automotive sectors, coupled with winter slowdowns, resulted in a steady decrease in product prices.

This toluene diisocyanate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Toluene Diisocyanate Price Trend

Q1 2025:

Latin America's toluene diisocyanate market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in toluene diisocyanate prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the toluene diisocyanate price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing toluene diisocyanate pricing trends in this region.

Q2 2024:

The analysis of toluene diisocyanate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Toluene Diisocyanate Price Trend, Market Analysis, and News

IMARC's latest publication, “Toluene Diisocyanate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the toluene diisocyanate market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of toluene diisocyanate at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed toluene diisocyanate prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting toluene diisocyanate pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Toluene Diisocyanate Industry Analysis

The global toluene diisocyanate market size reached 2.45 Million Tons in 2024. By 2033​, IMARC Group expects the market to reach 2.93 Million Tons, at a projected CAGR of 1.90% during 2025-2033.

• The extensive use of TDI as a crucial ingredient in the production of polyurethanes, is driving the expansion of the polyurethane sector especially in flexible form applications like mattresses, furniture and automotive seating which is fueling the demand for TDI. For instance, in December 2023, Pearl Polyurethane Systems, a leader polyurethane (PU) insulation solution and other PU-based applications announced its latest expansion milestone with the establishment of a distribution hub in Maharashtra, India. This is likely to boost the market growth.
• The expanding automotive industry, along with the increasing demand for TDI-based foams for manufacturing care seats, armrests, headrests, insulation panels, and dashboards is contributing to the growth of the market. For instance, in May 2023, Lear Corporation, a global automotive technology company, operating in in Seating and E-Systems, announced plans to open a Connection Systems plant in Morocco in the 3rd quarter of 2023 that will manufacture injection moulded parts and engineered plastics for automakers, suppliers and Lear’s E-Systems and Seating business units. This is further bolstering the demand for TDI in the automotive industry.
• The rising use of TDI in the construction industry for insulation in floors, walls, and roofs represents one of the key factors influencing the growth of the market across the globe. This further aids in energy conservation, which makes buildings more energy efficient and reduces heating and cooling costs. According to US census data, construction spending in the United States shrank by 0.3% from the previous month in February 2024, following a 0.2% decrease in the previous month defying market forecasts of 0.7% rise. That marks the 2nd consecutive decline in construction spending which is led by public construction outlays (-1.2%). Meanwhile, spending on private construction was unchanged, with a 0.7% rise in the residential segment being offset by a 0.9% drop in non-residential construction. Yearly, construction spending grew by 10.7% in February. This is expected to propel the demand for TDI-based products in the construction industry.

Toluene Diisocyanate News

The report covers the latest developments, updates, and trends impacting the global toluene diisocyanate industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in toluene diisocyanate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the toluene diisocyanate price trend.

Latest developments in the toluene diisocyanate industry:

• In August 2022, Tosoh Corporation announced that it aims to increase the production capacity of separation and purification media TOYOPEARL and TSKgel PW at its Nanyo Complex in response to the rising demand for antibody and oligonucleotide drug purification.
• In February 2024, BASF invests a high double-digit euro amount in a new fermentation plant for biological and biotechnology- based crop protection products as its Ludwigshafen site. The plant is likely to manufacture products that bring value to farmers including biological fungicides and biological seed treatment. BASF also plans to use the plant to produce the main building block of Inscali, a novel insecticide derived from a fungal strain.

Product Description

Toluene diisocyanate (TDI) refers to chemical compound that widely used in the production of polyurethanes. Polyurethanes are essential for manufacturing flexible foam applications like bedding, furniture, and automotive seats.

TDI is grouped into two major isomers, including 2,4-toluene diisocyanate and 2,6-toluene diisocyanate, with the former being more prevalent in commercial utilization owing to its more reactive nature.

TDI holds the ability to create durable, lightweight, and flexible materials, thereby making it indispensable in several industries. However, TDI needs to be handle with strict safety measures attributed to its potential health hazards such as skin irritation, respiratory issues, and other allergic reactions upon exposure.

As a result, industries employing TDI follow rigorous safety protocols to mitigate these risks, ensuring worker safety and environmental protection. Moreover, the controlled usage of TDI highlights its critical role in advancing material science and manufacturing which is contributing significantly to modern day conveniences and technological advancements.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of toluene diisocyanate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting toluene diisocyanate price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The toluene diisocyanate price charts ensure our clients remain at the forefront of the industry.