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Toluene Market insights, Regional Outlook 2016-2024
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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 burn at low temperatures and provide high octane rating. Other application segments include, manufacturing of explosives, dyes and cosmetic nail products.
Growing use of toluene (toluol) in end use industries such as, automotive, oil & gas and building & construction owning to its properties as a solvent, is projected to fuel toluene market. The product is a common solvent for paint thinners, paints, rubber, printing ink.
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Toluene market is highly dependent on benzene and xylene market as it is being used in their synthesis process, rising demand of benzene and xylene and its derivatives like Polyethylene Terephthalate (PET), cumene and Polystyrene (PS) will boost toluene market growth both in terms of revenue and volume.
The major restraints for the toluene market are the rising demand for diesel against gasoline and the limitation in toluol sourcing. Further the product is not preferred by many industries due to its intoxicating effects. There are no health benefits of the product and often used by the youngsters for recreational purpose because of its easy availability.
The Toluene Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Toluene Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Toluene Product Insights
5. Toluene Application Insights
6. Toluene Regional Insights
7. Competitor Profiles
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In April 2015, Vencorex has increased the price of its TDI products in Middle-east, Africa and Europe owing to increasing cost of toluene. The company is the major manufacturer of isocyanates, particularly hexamethylene diisocyanate (HDI), TDI and its derivatives.
Companies have adopted several strategies to capture the emerging toluene market which include expansion, investments, merger and acquisitions. In April 2015, Mitsui Chemicals signed a 50:50 joint venture agreement with South Korea’s SKC to manufacture toluol diisocyanate and to consolidate the market of polyurethane. The joint venture will help the company to meet the rising demand, increase its product offerings and expand in new geographies. The company provides chemical products and materials which are used in electronic, automobile, food, housing, healthcare, energy and general commodity segments.
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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