Toluene Market Size, Share, Outlook & Forecast 2018-2027

1
Toluene Market Research Report Global Forecast
to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
2
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