Toluene Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2021-2026

Author: Elena Anderson

Marketing Manager

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Global Toluene Market Research Report 2021-2026:

According to IMARC Group’s latest report, titled “ Toluene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ”, the global toluene market reached a value of US$ 25 Billion in 2020.

Toluene or methylbenzene (C7H8) is a colorless, water-insoluble, aromatic hydrocarbon compound that exhibits beta-oxidants, hepaprotective, neurotransmitters and anesthetic properties. It can be produced from the fractional distillation of the crude oil and coke-oven operations in the form of byproducts. Toluene aids in drying, dissolving, and thinning substances, on account of which it is extensively used as an intermediate in paints, thinners, nail polish, and lacquers.

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Global Toluene Market Trends:

The widespread adoption of toluene across various industry verticals, such as construction, chemical manufacturing, pharmaceuticals, and military and defense, on account of its diverse chemical properties is currently driving the toluene market growth. For instance, in the automotive sector, toluene is widely used as a fuel additive in motor vehicles due to its low sensitivity and high-octane ratings, which, in turn, is creating a positive outlook for the market.

Additionally, the increasing demand for aromatics in the petrochemical sector for manufacturing dyes, agrochemicals, fertilizers, and trinitrotoluene (TNT) explosives is further catalyzing the market growth. Besides this, significant improvements in value chain, adoption of proactive strategies by key players, and rapid expansion of production facilities to cater to the rising industrial demand are positively influencing the market growth.

Looking forward, IMARC Group expects the market to grow at a CAGR of 5.5% during 2021-2026. View Report TOC, Figures and Tables: https://www.imarcgroup.com/toluene-technical-material-market-report

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Key Market Segmentation

The research report includes the following segments:

Breakup by Technology:

• Reformation Process

• Pygas Process

• Coke/Coal Process

• Styrene Process

Breakup by Application

• Gasoline

• STDP/TPX

• Solvents

• Trans Alkylation (TA)

• Hydrodealkylation

• Toluene Diisocyanate (TDI)

• Toluene Disproportionation (TDP)

• Others

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Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape:

• Exxon Mobil Corporation

• SK Global

• British Petroleum

• Versalis

• Compañia Española De Petroleos Sau

• BASF

• Covestro

• BP PLC

• Royal Dutch Shell Plc.

1. How has the global toluene market performed so far and how will it perform in the coming years?

2. What are the key regions in the global toluene market?

3. What has been the impact of COVID-19 on the global toluene market?

4. What are the key application segments in the global toluene market?

5. Which are the popular technology types in the global toluene market?

6. What are the import and export trends of toluene?

7. What are the various stages in the value chain of the global toluene market?

8. What are the key driving factors and challenges in the global toluene market?

9. What is the structure of the global toluene market and who are the key players?

10. What is the degree of competition in the global toluene market?

11. How is toluene manufactured?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/toluene-technical-material-market-report/toc

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