Toluene Market: Business Opportunities, Current Trends, Market Challenges & Industry Analysis by 2021

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Toluene Market

The report on Toluene Market sheds light on the important developments impacting and increasing the growth of the Toluene industry including its restraints, drivers and prospects. The market report proposes complete synopsis of the market, covering several characteristics such as product definition, market breakdown based on several constraints, supply chain analysis, and the fundamental Key Players outlook.

About Toluene

Toluene is an aromatic hydrocarbon solvent, which is produced during the manufacturing of gasoline and other fuels from crude oil. Alternative names used for toluene are methylbenzene, toluol, anisen, and phenyl methane. Naphtha is the main feedstock, which is used to produce toluene. Heavy and light naphtha are the two main grades that are used for producing toluene. It is extracted during the process of fractional distillation of crude oil. In addition, Coke Oven Light Oil (COLO) can be used as an alternative for manufacturing aromatics such as toluene, however, owing to the low combustion value of these products and shortage of supply, naphtha is most commonly used as a raw material for the manufacturing toluene and other aromatics.

Industry analysts forecast the global toluene Market to grow at a CAGR of 4.59% during the period 2017-2021.

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Covered in this report:

The report covers the present scenario and the growth prospects of the Toluene market for 2017-2021. To calculate the market size, the report considers the sales of Toluenes worldwide and exclude replacement and aftermarket sales and services.

Toluene Market 2017- 2021 Report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key Vendors operating in this market.

  • BASF, Chevron Phillips Chemical, ExxonMobil, LyondellBasell Industries, and Reliance Industries, Wanhua Industrial Group, BP, Braskem, CITGO Petroleum, CEPSA (IPIC), DAELIM, Indian Oil, LOTTE CHEMICAL TITAN HOLDING BERHAD, GS Caltex, Marathon Petroleum, Mitsubishi Chemical, NOVA Chemicals, PetrĂ³leos Mexicanos, Shell, SK global chemical, and TOTAL.

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Toluene Market Drivers, Trends and Challenges: –

Market driver

  • Widespread application avenues of toluene
  • For a full, detailed list, view our report

Market challenge

  • Fluctuations in toluene prices
  • For a full, detailed list, view our report

Market trend

  • Fluctuation in crude oil prices
  • For a full, detailed list, view our report

The Toluene market is divided into the following segments based on Geography:

  • Americas
  • APAC
  • EMEA

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

Price of Report: $ 3500 (Single User License)

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In a word, the Toluene Market report provides major statistics on the state of the Toluene industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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