Toluene Market growing by Increasing Market Share and Forecast 2026

Posted by Andre on October 31st, 2019

“Data Bridge Market Research” has recently added a concise research on the Toluene Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are Exxon Mobil Corporation, China Petroleum & Chemical Corporation., Reliance Industries Limited., The Chemical Company, Mitsubishi Chemical Corporation, Pon Pure Chemicals, Brenntag North America, Inc., OCI COMPANY Ltd., Dow, HELM AG, Valero Marketing and Supply Company.

Global toluene market is set to witness a substantial CAGR of 5.53% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for chemical intermediate made from toluene and rising popularity of efficient gasoline are the factor driving the market.

Segmentation: Global Toluene Market

Global Toluene Market By Derivative Type (Benzene & Xylene, Toluene Diisocyanates, Solvents, Gasoline Additives, Others)

Production Process (Reformate Process, Pygas Process, Coke/ Coal Process, Styrene Process)

Application (Drugs, Dyes, Blending, Cosmetic Nail Products, Others)

Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Key Development in the Market:

In November 2017, DEZA a.s. announced that they have acquired Blachownia S. A through which they can strengthen their position in the light aromatic hydrocarbon market. This acquisition will help the company to increase their production capabilities of toluene and benzole. This will stabilize the company’s economy and assist them to produce more advanced products

Focus of the report

•          CAGR values in the market for the forecast period
•          Key trends in the market place
•          Major players and brands
•          Historical and current market size and projection up to 2026.
•          Detailed overview of parent market
•          Changing market dynamics of the industry

Get Sample Analysis of This Market Information: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-toluene-market

Key Market Competitors:

Few of the major competitors currently working in global toluene market are Exxon Mobil Corporation, China Petroleum & Chemical Corporation., Reliance Industries Limited., The Chemical Company, Mitsubishi Chemical Corporation, Pon Pure Chemicals, Brenntag North America, Inc., OCI COMPANY Ltd., Dow, HELM AG, Valero Marketing and Supply Company, BASF SE, Indian Oil Corporation Ltd, Covestro AG, Solventis, Central Drug House., Benzo Chem Industries Pvt. Ltd., GNFC. Limited, Yashdeep Chemicals (India) Pvt Ltd and others.

Market Drivers:

•          Increasing usage of toluene as solvent will drive the growth of the market
•          Growing demand of toluene from petrochemical industry will propel the market growth
•          Expanding dye industry worldwide will drive the market growth
•          Increasing awareness about the application of toluene and its derivatives will also contribute as a factor for the market growth

Market Restraints:

•          Fluctuation in the price of the raw material will restrain the market growth
•          Rising demand for other aromatic products is restricting the growth of the market
•          Strict government regulations will also hinder the growth of this market

Key Insights in the report:

•          Complete and distinct analysis of the market drivers and restraints
•          Key market players involved in this industry
•          Detailed analysis of the market segmentation
•          Competitive analysis of the key players involved

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