openPR Logo
Press release

Toluene Market: Latest Future Trends And Development Insight By 2023 | CAGR: 5.0%

02-19-2021 09:57 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Toluene Market

Toluene Market

As per the report published by Allied Market Research, the global toluene market was pegged at $16.59 billion in 2016, and is projected to reach 23.39 billion by 2023, growing at a CAGR of 5.0% from 2017 and 2023.

Growing demand for toluene among application and growth of the dyes industry among Asia-Pacific have boosted the growth of the global toluene market. However, discovery of shale gas in the North American market and limitation in the sourcing of toluene hamaper the market. On the contrary, production of toluene from shale gas is expected to open new opportunities for the market growth in the coming years.

Request Sample Here: https://www.alliedmarketresearch.com/request-sample/1983

Covid-19 scenario: The outbreak of Covid-19 has greatly affected the global toluene market.
• The factors such as disrupted supply chain and lack of workforce have affected the production of toluene.
• The governments of several countries have restricted movement and added travel restrictions , which hampered the demand for the toluene market.

The global toluene market is segmented on the basis of derivative type, production process, applications, and geography. Based on derivative type, the market is divided into benzene & xylene, toluene diisocyanates, solvents, gasoline additives. The benzene & xylene segment held the largest share in 2016, contributing to more than half of the market. Moreover, the segment is expected to register the highest CAGR of 5.2% during the forecast period.

Get detailed COVID-19 impact analysis on the Toluene Market: https://www.alliedmarketresearch.com/request-for-customization/1983?reqfor=covid

On the basis of production process, the market is categorized into reformate, pygas, coke/coal, and styrene. Based on application, the market is divided into reformate, pygas, coke/coal, and styrene. The drug segment held the largest share in 2016, accounting for half of the market.

The global toluene market is analyzed across several regions such as North America, Asia-Pacific, Europe, and LAMEA. The market across Asia-Pacific held the largest share in 2016, accounting for more than half of the market, due to surge in demand for toluene in the petrochemical and oil & gas industry.

The global toluene market report includes an in-depth analysis of the major market players such as ExxonMobil Chemical, Shell, Sinopec, ConocoPhillips, Reliance Industries, BASF, Valero Energy, China National Petroleum, BP Chemicals, and Mitsui Chemicals.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/1983

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060S
Fax: +1-855-550-5975
Web: https://www.alliedmarketresearch.com

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Toluene Market: Latest Future Trends And Development Insight By 2023 | CAGR: 5.0% here

News-ID: 2245352 • Views: 152

More Releases from Allied Market Research

Drive Recorder Market 2027 Global Analysis, Size, Business Growth, Trends and Fu …
Drive recorder is also known as car camera, automotive recorder, driving recorder, and digital video recorder. It is little savvy camcorder that used in vehicles by drivers to secure themselves on account of an accident. The automotive drive recorders are intended to always record video information to removable capacity media, for example, an SD card, hard drive, or others. At the point when dashcams were introduced, these were wired specifically
Auto Storage Battery Market Top Manufacturers, Product Types, Sales and Demand 2 …
The auto storage battery is subjected to recycling or recovering critical energy materials from a battery for reusing in various secondary applications with a promising strategy of making productivity out of these energy materials. The electric vehicles (EV) batteries have a tough life as subjected to extreme operating temperatures, hundreds of partial cycles a year, and changing discharge rates, lithium-ion batteries in electric vehicles (EV) applications degrade strongly during the
Big Data and Business Analytics Market in Europe: Opportunity Analysis and Indus …
The Europe big data and business analytics market garnered $44.21 billion in 2018, and is projected to reach $105.82 billion by 2027, registering a CAGR of 11.5% from 2020 to 2027. Retail and e-commerce segment is expected to experience significant growth in the coming years, owing to the need to manage and analyzed large amount of data by retailers to increase their customer base and improve their market share. Download Report Sample
Performance Analytics Market: Global Opportunity Analysis and Industry Forecast, …
Performance analytics refer to an analytics application that helps to simplify tracking, dashboarding and reporting of key performance indicators. It helps the businesses in answering the key questions through which the business quality can be enhanced and cost is reduced. The global performance analytics market was estimated at $1.56 billion in 2018, and is anticipated to hit $6.50 billion by 2026, registering a CAGR of 19.6% from 2019 to 2026. Download

All 5 Releases


More Releases for Toluene

Toluene Sulfonic Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-chemical/toluene-sulfonic-market/79768 Toluene Sulfonic Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Toluene Sulfonic basics: definitions, classifications, applications and market overview; product
Toluene Diisocyanate Industry Insights, Outlook and Forecast up to 2023
Transparency Market Research has released a new market report titled “Toluene Diisocyanate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global toluene diisocyanate market was valued at US$ 6.72 Bn in 2014 and is likely to reach US$ 10.27 Bn in 2023, expanding at a CAGR of 4.8% from 2015 to 2023. In terms of volume, demand for toluene
Toluene Market insights, Regional Outlook 2016-2024
Toluene Market size demand is mainly driven by growth in applications across industries petrochemical, building & construction, oil & gas, paints, resins, printing, leather, pharmaceuticals and rubber industry. Purchase Toluene Market Report by calling Global Market Insights, Inc. at 1-888-689-0688 (Toll Free) or 1-302-846-7766. Rising demand for industrial feedstock and solvents will further boost the market for the product. Formula one cars use toluene as an anti-knock fuel since it does not
Toluene Market Research Report - Forecast to 2027
Global Toluene Market Information by type (Benzyl Chloride, Trinitrotoluene (TNT), Benzaldehyde, Toluene Diisocyanate (TDI), Benzoic Acid and Other) by application (Industrial Solvent, Production of Explosives, Production of Benzene, Gasoline Additive and Other) - Forecast to 2027 The market for Toluene is segmented on the basis of type Benzyl Chloride, Trinitrotoluene (TNT), Benzaldehyde, Toluene Diisocyanate (TDI), Benzoic Acid and Other and on basic of application Industrial Solvent, Production of Explosives, Production of
Vinyl Toluene Market - Global Industry Analysis 2024
Vinyl toluene is a colorless liquid having an aromatic odor. It is usually sold as a functional monomer or as a mixture of isomers. Vinyl toluene is been used to modify alkyd resins since many years. The addition of vinyl toluene compound provides higher compatibility with both aromatic and aliphatic solvents which enhances the flexibility in formulating paints. Vinyl toluene is extensively used in the paints and coatings applications across
Toluene Diisocyanate Market - Global Industry Analysis 2023
Transparency Market Research has released a new market report titled “Toluene Diisocyanate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global toluene diisocyanate market was valued at US$ 6.72 Bn in 2014 and is likely to reach US$ 10.27 Bn in 2023, expanding at a CAGR of 4.8% from 2015 to 2023. In terms of volume, demand for toluene