Press release
Toluene Market Report 2020, Profitable Analysis, Trends, Business Strategy, Regional Developments And Forecast To 2023
The Business Research Company offers " Toluene Global Market Report 2020 " in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.The global toluene market reached a value of nearly $24.7 billion in 2019, having grown at a compound annual growth rate (CAGR) of 2.7% since 2015, and is expected to grow at a CAGR of -4.67% to nearly $20.4 billion by 2023.
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The toluene market consists of sales of toluene and related services. It is used in aviation fuel and other high-octane fuels, dyestuffs and explosives. Toluene is also used as a solvent for gums and lacquers. Toluene is a colorless flammable liquid obtained from coal tar or petroleum.
The emerging demand for aromatics in the petrochemical industry contributed to the growth of the toluene market. Aromatics are petroleum-derived forms of hydrocarbons, composed primarily of carbon and hydrogen elements. Toluene is a common aromatic, used as chemical feedstocks, solvents, and fuel additives in the chemical industry. To cater to the growing demand, companies are investing in expanding their production capacity.
Toluene Market Segmentation: -
By Type
1) Benzene and Xylene
2) Solvents
3) Gasoline Additives
4) TDI (Toluene diisocyanate)
5) Trinitrotoluene
6) Benzoic acid
7) Benzaldehyde
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By Production Process
1) Reformation Process
2) Pigs Process
3) Coke/Coal Process
4) Styrene Process
Few Points From Table Of Content
1. Executive Summary
2. Toluene Market Characteristics
3. Toluene Market Size And Growth
4. Toluene Market Segmentation
5. Toluene Market Regional And Country Analysis
……
25. Toluene Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Toluene Market
27. Toluene Market Trends And Strategies
28. Toluene Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the toluene market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the toluene market are Exxon Mobil Corporation, Sinopec, Royal Dutch Shell PLC, Reliance Industries, BASF SE, Valero Energy, BP Chemicals and China National Petroleum
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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