Toluene Market Growing Technology Opportunities and Future Business Trends to 2023 – ExxonMobil Chemical , Sinopec , Shell , Reliance Industries , ConocoPhillips

Toluene Market size was valued at $16,597 million in 2016, and is expected to reach $23,393 million by 2023, registering a CAGR of 5.0% from 2017 to 2023. Toluene, formerly known as toluol and methylbenzene, is an aromatic hydrocarbon that is used as an industrial feedstock and as a solvent. Toluene is regarded as an aromatic compound because of the presence of benzene ring in its chemical structure. Toluene exhibits beta-oxidant, depressant, hepatoprotective, anesthetic, and neurotransmitter functions. Toluene is used in industries as a solvent in paint thinners, nail polish removers, glues, and correction fluids. In addition, it is used in explosives industry in the manufacture of flammable & explosive compounds, such as Trinitrotoluene (TNT) and in the manufacture of hair dyes and cosmetic nail products.

The toluene market is segmented based on derivative type, application, technology, and geography. Based on toluene derivatives type, it is classified into benzene & xylene, toluene diisocyanates, solvents, gasoline additives, and others (benzaldehyde and benzoic acid). Based on application, the it is divided into drugs, dyes, blending, cosmetic nail products, and others (TNT, pesticides, and fertilizers). By Technology, it is categorized into reformate process, pygas process, coke/coal process, and styrene process.

Major Key Players of the Toluene Market are:
ExxonMobil Chemical , Sinopec , Shell , Reliance Industries , ConocoPhillips , Valero Energy , BASF , BP Chemicals , China National Petroleum , Mitsui Chemicals

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There is an increase in demand for toluene owing to its wider use in gasoline blends. Toluene acts as octane booster and maintains the energy content of gasoline. Moreover, low sensitivity characteristics and high octane ratings of toluene makes it ideal as fuel in heavily loaded engines. In addition, toluene (in the form of benzene-toluene-xylene mixtures) are used in the blending of petrol and occurs as a by-product of styrene manufacture. Moreover, increase in demand for aromatics in petrochemical industry in the development of synthetic fibers, elastomers, agrochemicals, dyes, nail paints are emerging factors augmenting the market growth. However, shift in trend of oil & gas industry toward lighter feed stocks, increase in demand for gasoline that substitutes toluene, and discovery of shale gas as alternative to natural gas is expected to hinder the market growth.

Major Types of Toluene covered are:
Benzene & Xylene
Toluene Diisocyanates
Gasoline Additives
Others (Benzaldehyde and Benzoic Acid)

Major Applications of Toluene covered are:
Cosmetic Nail Products
Others (TNT, Pesticides, and Fertilizers)

Research objectives:-
- To study and analyze the global Toluene consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Toluene market by identifying its various sub-segments.
- Focuses on the key global Toluene manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Toluene with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Toluene Market Size
2.2 Toluene Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Toluene Market Size by Manufacturers
3.2 Toluene Key Players Head office and Area Served
3.3 Key Players Toluene Product/Solution/Service
3.4 Date of Enter into Toluene Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Toluene Sales by Product
4.2 Global Toluene Revenue by Product
4.3 Toluene Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Toluene Breakdown Data by End User

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In the end, Toluene industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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Posted by on Tuesday August 20 2019, 5:00 AM EST. All trademarks acknowledged. Filed under Chemicals, Chemicals & Materials. Comments and Trackbacks closed. Follow responses: RSS 2.0

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