Toluene Industry-2017 Market Size, Share, Structure, Manufacturers, Suppliers, Growth, 9 Key Companies Profile and 2023 Demand Forecast

The Global Toluene Market in terms of revenue is estimated to be worth $17.1 billion in 2017 and is expected to reach $23.5 million by 2023, growing at a CAGR of 5.1% from 2018 to 2023.

December 5, 2017 /MarketersMedia/ —

Toluene is a colourless chemical compound which is insoluble in water and smells sweet, and pungent like benzene. It is an aromatic hydrocarbon compound which belongs to benzene derivative. Toluene is a very useful chemical compound used for various purpose like disproportionation to a mixture of benzene and xylene for making Polystyrene (PS) and Polyethylene Terephthalate (PET).

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It also has various other applications like being used as a raw material for making benzaldehyde and benzoic acid which can be used for making polymer, explosive, solvent for paint and thinners and as an octane booster for gasoline fuel in internal combustion engine.
The market is categorized by derivative type, application, and process.

Based on type of derivative, the toluene market is segmented into benzene & xylene, toluene diisocyanates, solvents, gasoline additives, and others. The other derivatives include trinitrotoluene, benzoic acid, and benzaldehyde among others. The global toluene market is witnessing growth because of the growing use of the toluene in various industries such as, building & construction, automotive, oil & gas, and consumer appliances (mostly in appliance made from polymers).

Toluene diisocyanates is anticipated to witness rapid growth during the forecast period attributing to its major application in of manufacturing polyurethane (PU) foams. Greenhouse gas emissions and rising energy costs have triggered the efficient use of PU foams as insulators in industrial and household buildings.

Due to its light weight, these foams are also used in automotive industry which further aids in lowering fuel emissions. In addition, PU foams are also used for insulating purposes in various other industries such as construction, oil and gas. Thus, the surge in application of PU foams is expected to accelerate the growth of toluene diisocyanates in near future.

Top Key Players Analyzed in Global Toluene Market are –
• Exxon-Mobil Chemical
• Sinopec, Shell
• Reliance Industries
• ConocoPhillips
• Valero Energy
• BASF
• BP Chemicals
• China National Petroleum
• Mitsui Chemicals

Complete report on Toluene Industry spread across 111 pages, profiling 09 companies and supported with tables and figures. Inquire for more at - https://www.orianresearch.com/discount/424114 .

THE KEY BENEFIT FOR THIS REPORT:
• This report provides current market trends and future growth expectations
• This report examines the market size and changing competitive dynamics
• It covers information regarding key drivers, challenges or restraining market growth
• It provides a five-year forecast assessed on the basis market value chain, Porter's five forces, and supply chain management
• Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved
• This report incorporates data regarding companies and business decision by having complete insights on the markets and by creating in depth analysis of market segments.

The target audience for the report includes:
• Toluene manufacturers
• Toluene dealers
• Toluene suppliers
• End users, raw material suppliers, and others
• Automotive manufacturers
• Oil and gas industries
• Construction industry

Asia-Pacific dominates the global toluene market, where China, Japan, South Korea, and India, are the leading players in the region, accounting for major share in overall consumption and production. The rapidly growing industrialization in India, China, South Korea and Thailand has opened new markets for toluene. North America and Europe are expected to hold second and third position in the market respectively.

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Major Points Covered in Table of Contents:
1 Executive Summary
2 Demographic Overview
3 Research Methodology
4 Premium Insights
5 Market Overview
6 Market Factor Analysis
7 Global Toluene Market By Derivative Type
8 Global Toluene Market By Application
9 Global Toluene Market By Application
10 Global Toluene Market By Region
11 Market Trends & Competitive Analysis
12 Company Profiles
Author List
Disclosure Section
Research Methodology
Data Source

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Release ID: 273502