MDI and TDI Market Review 2025 and Outlook for 2026Regina Sousa
The global isocyanates market endured another difficult year in 2025, with MDI and TDI producers continuing to face weak demand, high operating costs, and limited visibility across key end-use sectors. Despite occasional periods of tighter supply caused by maintenance outages or trade disruptions, market fundamentals remained fragile. Activity in the construction, automotive, and furniture industries stayed below expectations, and most market participants described overall conditions as flat to soft. As the year closes, there is little sign of a meaningful turnaround, with 2026 MDI and TDI markets now expected to bring only a slow and uneven improvement at best.
