Toluene Market Research Report – Global Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Toluene Market Research Report – Global Forecast to 2023
Market Overview / Study Objective / Synopsis Toluene is a colorless, liquid, and water-insoluble. It is a mono-substituted compound, consisting of a CH3 group that is attached to a phenyl group. Toluene, also known as methylbenzene, phenylmethane and toluol, is produced primarily by reforming naphtha during the production of gasoline. Toluene is widely used as an industrial raw material and a solvent for manufacturing of many commercial products. Furthermore, it is used in the manufacturing of benzene, p-xylene for polyethylene terephthalate (PET) resins, and toluene diisocyanates (TDI) for polyurethane applications, and as a solvent. It has low volatility due to the methyl group in its chemical structure, which makes it a good octane-enhancer for motor gasoline blending.
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Toluene Market Research Report – Global Forecast to 2023
Top 10 Global key Players & Their Strategy Some of the prominent players operating in the global toulene market are Exxon Mobil Corporation (U.S.), Covestro AG (Germany), BP p.l.c. (U.K), China Petroleum & Chemical Corporation (China), BASF SE (Germany), Royal Dutch Shell plc (the Netherlands), Formosa Chemicals & Fibre Corporation (Taiwan), Indian Oil Corporation Ltd (India), The Dow Chemical Company (U.S), TOTAL S.A. (France), and others.
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Toluene Market Research Report – Global Forecast to 2023
Pictograph Examples with Data
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Toluene Market Research Report – Global Forecast to 2023
Segmentation Analysis
The global toulene market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow at the highest CAGR during the review period, 2017 to 2023 on account of expanding oil & gas industry. The demand for toulene is predicted to surge in numerous countries of the Asia Pacific such as China, India, Japan, Thailand and Indonesia due to high adoption rate by the crude oil producers. Moreover, the presence of tremendous oil & gas reserves in this region is predicted to reduce the raw material demand gap and propel the growth of the market.
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Toluene Market Research Report – Global Forecast to 2023
Regional Analysis The global toulene market is categorized on the basis of grade, application, and region. On the basis of the grade, the market is bifurcated into commercial, nitration, and toulene diisocyantes. On the basis of the application, the toulene market is categorized into intermediates, fuel additives, foam, polymer production, solvents, and others. On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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Toluene Market Research Report – Global Forecast to 2023
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