The Global Toluene market is forecast to reach USD 39.85 Billion by 2027, according to a new report by Reports and Data. Toluene is also known as toluol, is a colorless, aromatic hydrocarbon. It is a water-insoluble liquid with a smell similar to paint thinners. This organic compound is a mono-substituted benzene derivative comprising of a CH3 group attached to the phenyl group. This colorless organic compound’s IUPAC systematic name is methylbenzene.
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In regards to region, North America can be
seen to occupy a significant share of the market. The market share occupied by
the region is resultant of expanding automotive sector, associated elevating
demand for consumer goods, and the rising number of construction activities
which are supporting the growth of the market in this region.
The chief players involved in the Toluene Market:
Covestro AG, Exxon Mobil Corporation, SK
Innovation Co., Ltd, BP PLC, BASF SE, SK Innovation Co., Ltd, China National
Petroleum Corporation, Royal Dutch Shell PLC, CPC Corporation and Formosa
Chemicals & Fibre Corporation.
For the purpose of this report, Reports and Data has segmented the
Toluene market on the basis of products, technologies, applications, end-use,
and region:
Derivatives
Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Benzene and Xylene
- Toluene Diisocynate [TDI]
- Gasoline
- Others
End-User Outlook
(Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Construction
- Oil & gas
- Healthcare
- Packaging
- Automotive
- Others
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Application Outlook
(Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Fuel additives
- Paints &
coatings
- Heating oil
- Cleaning Agent
- Foams
- Polymer
production
- Others
Significant highlights from the Toluene Market report:
Sales Estimation:
The report includes
revenue estimation and information about the market capacity to help understand
and evaluate numbers for key segments of the Toluene market. Furthermore, it
consists of information about individual segments of the Toluene market based on
the types and applications.
Industrial Analysis:
The market is further
categorized into types and applications in the research report. The report also
contains data about raw materials, upstream and downstream processes, and
manufacturing processes applied in the market.
Competitive Analysis:
The report puts an
emphasis on the information regarding the key players with a special focus on
their company profile, business overview, recent advancements, product catalog,
and prevalent strategies.
Major benefits of the Toluene report:
·
The report discusses
in detail the changing dynamics of the competitive landscape.
·
The report examines
growth prospects, factors driving the growth of the market, and limitations
affecting the market growth.
·
The report gives a comprehensive
analysis of the changing dynamics of the market owing to the current scenario.
·
The report encompasses
a detailed forecast for the years 2020-2027.
·
The report provides
valuable insights on key market growth driving trends and monetary competence
in the forecast timeline.
To read more on the global Toluene market report @ https://www.reportsanddata.com/report-detail/toluene-market
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