Toluene Market Insights Research and Outlook 2020 to 2027
Posted by RakshaGajbhiye on February 1st, 2021
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.
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)
End-User Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
Significant highlights from the Toluene Market report:
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.
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.
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:
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About the AuthorRakshaGajbhiye
Joined: January 10th, 2020
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