In its latest report on Toluene Market provides a concise analysis of the recent market trends. The report further includes statistics, market forecasts and revenue estimations, which in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.
Scope of The Report:
The global toluene market has been registering good growth numbers in the past few years and is expected to continue this trend for extensive growth in the future as well. The reason for this growth is the use of it as a solvent.
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Toluene refers to the aromatic hydrocarbon which has its uses in the industry feedstock in the form of a solvent. Toluene has been regarded as the aromatic compound as there is a presence of the benzene ring in the chemical structure. Toluene exhibits the depressant, beta-oxidant, anesthetic neurotransmitter, hepatoprotective functions. Toluene has been used in the industry as the solvent which is used in nail polish removers, paint thinners, glues and the correction fluids. Further, it has its uses in the explosives of the explosive and flammable compounds like the TNT and in manufacturing of cosmetic nails and the hair dyes.
The global toluene market is segmented on the basis of the application, derivative type, geography and technology. On the basis of the derivative types, the global market has been segmented into the solvents, di-isocynates and the gasoline additives among others. On the basis of application, the global toluene market has been divided into blending, dyes, drugs, cosmetic nail product and the others like fertilizers, pesticides and TNTs. On the basis of technology, the market has been segmented into the pygas process, cake/coal and the styrene processes.
Key Players in the Toluene Market Report
The major players in the global toluene market include the Sinopec, Chemical, Reliance Industries, Shell, Valero Energy, BP Chemicals, Mitsui and the China National Petroleum. They have invested more into the Research and development markets for the catering of requirements in the market. The other players who are in the market are the like of Phillips, Energy, Total Petrochemicals, Formosa Plastics, Covestro and Lyondell Basel.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
Increased Usage In Gasoline Blends Boosting The Global Toluene Market Growth
An increased demand for the global toluene market because of their wider usage in the gasoline blends is driving the global toluene market. The product of toluene acts as the octane booster and also maintain the content of energy of gasoline, Furthermore, the lower sensitivity characteristics and the ratings which are high octane of toluene make them ideal as the fuel in a lot of heavy loaded engines. Further. The toluene which is in the form of mixtures have been used in blending of the petrol and occur in the form of a by-product of the styrene manufacturing. Furthermore, increasing demand for the aromatics in the industry of petrochemicals in the synthetic fiber development, dyes, agrochemicals, nail paints have been the major factors which augment the growth of the global toluene market, the shifting trend in the oil and gas industry towards a lighter feed stocks is increasing the demand for the gasoline which substitutes toluene and the discovery of the shale gas as a major alternative to the natural gas has been expected to restrict the growth of the toluene market. There is also a rapid growth in the economy and there are many opportunities because of the rapid growth and disposable income in global economies which provide the scope of growth in this market.
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Asia Pacific Expected To Be The Biggest Regional Market
The region of Asia Pacific has been seeing a good amount of growth in the global toluene market with the total revenue being the most in the sector. This is followed by Europe and also North America. The refineries of Europe have shut down recently and that is going to reduce the demand for the aromatics in this particular region and that limits the global toluene market development.
Toluene Market Key Market Segments:
By Derivative Type:
Benzene & Xylene
By Production Process:
Cosmetic Nail Products
By Regional & Country Analysis:
Middle East and Africa
Rest of Middle East and Africa
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Toluene Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Toluene Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Toluene Market: Trends
2.8. Porter’s Five Forces Analysis
2.8.1. Bargaining Power of Suppliers
2.8.2. Bargaining Power of Consumers
2.8.3. Threat of New Entrants
2.8.4. Threat of Substitute Product and Services
2.8.5. Competitive Rivalry within the Industry
2.9. Market Attractiveness Analysis
2.9.1. Market Attractiveness Analysis by Segmentation
2.9.2. Market Attractiveness Analysis by Region
3. Chapter – Global Toluene Market Overview: Quantitative Analysis
3.1. Global Toluene Market Revenue (USD Million), Market Share (%) and Growth Rate (%), 2014- 2025
3.2. Global Toluene Market Revenue Market Share (%), 2014- 2025
3.3. Global Toluene Market Sales (Number of Units), Market Share (%) and Growth Rate (%), 2014- 2025
3.4. Global Toluene Market Sales Market Share (%), 2014- 2025
4. Chapter – Global Toluene Market Analysis: Segmentation By Type
5. Chapter – Global Toluene Market Analysis: Segmentation By Application
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