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)

  • 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

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.

Thank you for reading our report. For any specific details on customization of this report, please get in touch with us. We will ensure the report you get is tailored according to your needs.

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