Toluene Market Performance, Feasibility Key Players, Consumption Status, ProductPosted by Priya on July 12th, 2018 Toluene Market Overview to 2023 The Toluene market appears to be competitive with the presence of several large and small players functioning in the global market. These major players are participating in the market on the basis of price, composition, quality, technology and innovation. Toluene market is attributed to grow at a higher CAGR and likely to attract many entrants in the market resulting into healthy competition in the future. Manufacturers functioning in the toluene market are struggling to respond to the growing demand for the product in automotive, cosmetics, pharmaceuticals, and others. They ensure to produce best quality products based on feedstock, efficiency, performance and factors that are trending in the market. Get sample copy at https://www.marketresearchfuture.com/sample_request/1034 Competitive Analysis Global Toluene Market 2018 to 2027 focus on business Intelligence for revenue-generating processes, market research future illustrated some of the typical ways that is used to improve key revenue generation processes. Fundamentally, Toluene market analysis, new technology, scope, stake, progress, trends and opportunities are about using detailed and specific business information about client. Top 10 Global key Players & Their Strategy The key players profiled in global Toluene market report include BASF, BorsodChem, Shanghai Dinghan Chemical co Ltd, Shell chemicals, Exxon Mobil, China National Petroleum Corporation, Dongjin Semichem co ltd, Royal Dutch Shell, Reliance Industries and BP Toluene Market– Market Overview
Industry/ Innovation/ Related News: October 12, 2017 – BASF SE (Germany), one of the prominent producers of toluene, announced that the company has withdrawn its TDI( toluene diisocyanate) plant in Germany. The presence of dichlorobenzene in final product has led the company to take this decision. Due to this, about 50 customers were affected because dichlorobenzene is termed as a highly dangerous chemical for human beings surviving in the environment. The major reason behind this problem was the technical defect caused during production. Due to this disaster, the company has decided to stop its production and this decision was predicted to hinder market growth in Europe. Intended Audience
Regional Analysis Geographically, Asia Pacific region holds the major portion of global toluene market. China is still the leading country in the market owing to growing expansion of production and infrastructure facilities in heavy end-use industries. Increasing consumption of polystyrene and polyurethane foams in cosmetics, pharmaceuticals, and others has boosted the toluene market demand in Malaysia, Japan and Thailand. North American region is set to grow at a higher CAGR owing to growing demand for lightweight products in automotive and packaging sectors. Additionally, the European region has witnessed a significant growth due to adoption of product in buildings & construction, consumer goods, and others. Like it? Share it!More by this author |