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Toluene Market 2023-32 : Industry Analysis, Size, Share, Growth And Forecast | Exxon Mobil Corporation, Sinopec, Royal Dutch Shell PLC., Reliance Industries, BASF SE, Valero Energy, BP Chemicals
Toluene Market
As per the toluene market report by The Business Research Company, the emerging demand for aromatics in the petrochemical industry has 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 a chemical feedstock, solvent, and fuel additive in the chemical industry. To cater to the growing demand, companies are investing in expanding their production capacity.
The global toluene market size will grow from $29.24 billion in 2022 to $29.89 billion in 2023 at a compound annual growth rate (CAGR) of 2.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global toluene market size is expected to grow from $32.81 billion in 2027 at a CAGR of 2.4%.
Read More On The Toluene Market Report Here:
https://www.thebusinessresearchcompany.com/report/toluene-global-market-report
Major players in the Toluene market are Exxon Mobil Corporation, Sinopec, Royal Dutch Shell PLC., Reliance Industries, BASF SE, Valero Energy, BP Chemicals, China National Petroleum, Mitsui Chemicals, Chevron Phillips, and Nova Chemicals.
The Toluene market is segmented -
1) By Type: Benzene and Xylene, Solvents, Gasoline Additives, TDI (Toluene diisocyanate), Trinitrotoluene, Benzoic acid, Benzaldehyde
2) By Production Process: Reformation Process, Pigs Process, Coke/Coal Process, Styrene Process
3) By Application: Drugs, Dyes, Blending, Cosmetic Nail Products, Other Applications (TNT, Pesticides, and Fertilizers)
4) By End User Industry: Building and Construction, Automotive, Oil and Gas, Consumer Appliances
Request A Free Sample Of The Toluene Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2745&type=smp
Toluene is a colorless flammable liquid obtained from coal tar or petroleum. 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.
The Table Of Content For The Toluene Market Include:
1. Executive Summary
2. Toluene Market Characteristics
3. Toluene Market Trends And Strategies
4. Toluene Market - Macro Economic Scenario
5. Toluene Market Size And Growth
……
27. Toluene Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Toluene Market
29. Toluene Market Future Outlook and Potential Analysis
30. Appendix
The "Global Toluene Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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