Global Toluene Market, By Derivative Type (Benzene and Xylene, Toluene Diisocyanates, Solvents, Gasoline Additives, Others), Production Process (Reformate Process, Pygas Process, Coke or Coal Process, Styrene Process), Application (Drugs, Dyes, Blending, Cosmetic Nail Products, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Toluene Market
The toluene market is expected to witness market growth at a rate of 5.65% in the forecast period of 2021 to 2028. Data Bridge Market Research report on toluene market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for toluene because of its broader utilization in gasoline blends is escalating the growth of toluene market.
Toluene can also be referred to as toluol and methylbenzene. Toluene is an aromatic hydrocarbon that is utilized as a solvent and as an industrial feedstock. Toluene is also observed as an aromatic compound due to the occurrence of benzene ring in its chemical structure. Toluene displays beta-oxidant, hepatoprotective, depressant, neurotransmitter functions and anesthetic.
Major factors that are expected to boost the growth of the toluene market in the forecast period are the rise in the end user base of toluene. Furthermore, the increase in the petrochemical or aromatics industry is further anticipated to propel the growth of the toluene market. On the other hand, the change in the trends in the oil ABD gas and petrochemical or aromatics industry is further estimated to impede the growth of the toluene market in the timeline period.
In addition, the withdrawal of aromatics from shale oil or tight oil will further provide potential opportunities for the growth of the toluene market in the coming years. However, the stringent guidelines initiated by the government might further challenge the growth of the toluene market in the near future.
This toluene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on toluene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Toluene Market Scope and Market Size
The toluene market is segmented on the basis of derivative type, production process, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of derivative type, the toluene market is segmented into benzene and xylene, toluene diisocyanates, solvents, gasoline additives, others. Others is further sub segmented into benzaldehyde and benzoic acid.
- On the basis of production process, the toluene market is segmented into reformate process, pygas process, coke or coal process, styrene process.
- On the basis of application, the toluene market is segmented into drugs, dyes, blending, cosmetic nail products, others. Others is further sub segmented into TNT, pesticides, and fertilizers.
Toluene Market Country Level Analysis
The toluene market is analysed and market size, volume information is provided by country, derivative type, production process, and application as referenced above.
The countries covered in the toluene market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the toluene market due to the rise in the economies. Furthermore, the increase in the expanding commercial and industrial bases will further boost the growth of the toluene market in the region during the forecast period. North America is projected to observe significant amount of growth in the toluene market due to the occurrence of major key players. Moreover, the rise in the adoption of toluene is further anticipated to propel the growth of the toluene market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Toluene Market Share Analysis
The toluene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to toluene market.
The major players covered in the toluene market report are Exxon Mobil Corporation., China Petroleum & Chemical Corporation., Reliance Industries Limited, The Chemical Company, Mitsubishi Chemical Corporation, Pon Pure Chemicals, Brenntag Pte. Ltd., OCI Company Ltd., Dow, HELM AG, Valero Marketing and Supply Company, BASF SE, Indian Oil Corporation Ltd, Covestro AG, Solventis, Central Drug House., Benzo Chem Industries Pvt. Ltd., GNFC Limited, Yashdeep Chemicals (India) Pvt Ltd, Royal Dutch Shell plc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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