Toluene or toluol is a colorless and flammable liquid and is usually obtained from coal tar and petroleum. They have odor similar to the paint thinners and is widely used as a solvent in the production of TNT, benzoic acid, benzaldehyde and others. They can be formed from different production process such as pygas processes, coke/coal process, reformate process and styrene process. They are mainly used as corrosion inhibitor in oil and gas industry. This chemical is widely used in application such as blending, dyes, drugs, cosmetic nail products and others.
Global toluene market is set to witness a substantial CAGR of 5.53% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for chemical intermediate made from toluene and rising popularity of efficient gasoline are the factor driving the market.
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Market Drivers and Restraints:
Increasing usage of toluene as solvent will drive the growth of the market
Growing demand of toluene from petrochemical industry will propel the market growth
Expanding dye industry worldwide will drive the market growth
Increasing awareness about the application of toluene and its derivatives will also contribute as a factor for the market growth
Fluctuation in the price of the raw material will restrain the market growth
Rising demand for other aromatic products is restricting the growth of the market
Strict government regulations will also hinder the growth of this market
The major players covered in the Toluene Market
Few of the major competitors currently working in global toluene market are Exxon Mobil Corporation, China Petroleum & Chemical Corporation., Reliance Industries Limited., The Chemical Company, Mitsubishi Chemical Corporation, Pon Pure Chemicals, Brenntag North America, Inc., OCI COMPANY Ltd., Dow, HELM AG, Valero Marketing and Supply Company, BASF SE, Indian Oil Corporation Ltd, Covestro AG, Solventis, Central Drug House., Benzo Chem Industries Pvt. Ltd., GNFC. Limited, Yashdeep Chemicals (India) Pvt Ltd and others.
MAJOR TOC OF THE REPORT
Chapter One: Toluene Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Toluene Market Competition, by Players
Chapter Four: Global Toluene Market Size by Regions
Chapter Five: North America Synthetic fibers market Revenue by Countries
Chapter Six: Europe Synthetic fibers market Revenue by Countries
Chapter Seven: Asia-Pacific Toluene Market Revenue by Countries
Chapter Eight: South America Toluene Market Revenue by Countries
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Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Toluene Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Toluene Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the Toluene Market
A roadmap of growth opportunities available in the global Toluene Market with the identification of key factors
The exhaustive analysis of various trends of the global Toluene Market to help identify market developments
Key Questions Answered in Report:
What is the key to the Toluene Market ?
What will the Toluene Market Demand and what will be Growth?
What are the latest opportunities for Toluene Market in the future?
What are the strengths of the key players?
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