Global Toluene Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Toluene Market Report by The Business Research Company covers toluene market drivers and restraints, toluene market size, major players, and the impact of COVID-19 on the toluene market.
The toluene market consists of sales of toluene and related services. It is used in aviation fuel and other high-octane fuels, dyestuffs and explosives. Toluene is also used as a solvent for gums and lacquers. Toluene is a colourless flammable liquid obtained from coal tar or petroleum.
The emerging demand for aromatics in the petrochemical industry contributed to the growth of the toluene market.
The global toluene market is expected to grow from $18.25 billion in 2020 to $18.45 billion in 2021 at a compound annual growth rate (CAGR) of 1.1%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $16.92 billion in 2025 at a CAGR of -2%.
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Some toluene market trends include toluene di-isocyanate increasingly being used as raw materials in the manufacturing of flexible foam applications. Toluene di-isocyanate (TDI) is a chemical used in polyurethanes production, especially in flexible foam applications such as furniture, bedding and also in packaging applications.
Global toluene market segments include:
1) By Type: Benzene and Xylene, Solvents, Gasoline Additives, TDI (Toluene Disocyanate), Trinitrotoluene, Benzoic acid, Benzaldehyde.
2) By Production Process: Reformation Process, Pigs Process, Coke/Coal Process, Styrene Process.
3) By End-Use Industry: Building And Construction, Automotive, Oil And Gas, Consumer Appliances.
4) By Application: Drugs, Dyes, Blending, Cosmetic Nail Products, Others (TNT, Pesticides, and Fertilizers).
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Toluene Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides toluene market overviews, analyzes and forecasts market size, share, toluene market players, toluene market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The toluene market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Toluene Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Exxon Mobil Corporation, Sinopec, Royal Dutch Shell PLC, Reliance Industries, BASF SE, Valero Energy, BP Chemicals, China National Petroleum, Mitsui Chemicals, Chevron Phillips, Nova Chemicals, Sherwin-Williams, Total SA, Lyondell Basel, Covestro AG, Formosa Plastics, CPC Corporation, China Petroleum & Chemical Corporation, SK Innovation, Braskem SA, Koch Industries, JX Nippon Oil and Energy, Mitsubishi Chemical Corporation, BP P.L.C., Mitsui & Co, S.K. Global Chemical Co Ltd, GS Caltex, Formosa Chemical & Fiber Corporation, Stepan.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Toluene Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Toluene Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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