123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Toluene Market

Profile Picture
By Author: NileshMaximize
Total Articles: 34
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Toluene Market was valued US$ 22 Bn in 2017 and is estimated to reach US$ 35 Bn by 2026 at a CAGR of about 6 % during a forecast.
Rapid use of toluene as solvent in paints & coatings, rising demand for efficient gasoline, increasing demand for chemical intermediates made from toluene such as benzene and xylene, increasing automobile production and sales along with rising consumption of lubricants is driving the growth of the market. Implementation of strict regulations by various government bodies has restricted the use of toxic organic chemicals used in the production of toluene solvent, which is predicted to restrain the growth of the market. Fluctuating crude oil prices, demand for other aromatic products and long term exposure to toluene has detrimental effect on central nervous system and can also harm the human brain these factor are restraining the market growth.

toluene market

Benzene & xylene, toluene diisocynates, benzaldehyde and other are major derivative of toluene. Among these benzene and xylene occupies maximum share followed by toluene diisocynates. Toluene diisocynates is projected to be fastest growing segment. Xylenes is used as solvents and antiknock agents in gasoline and as an intermediate in synthetic reactions. Benzene is used to make plastics, resins, synthetic fibers, rubber lubricants, dyes, detergents, drugs and pesticides. Toluene diisocyanate is a chemical used in the production of polyurethanes and for manufacture of coatings, sealants, adhesives and elastomers. Gasoline additives increase gasolines octane rating or act as corrosion inhibitors or lubricants.

Toluene is used as drug, solvent, blending agents and colorant. Toluene is used in paints, thinners, lacquers, glues, correction fluid, and nail polish remover. Toluene as a solvent dominates the market followed by blending agent segment. In leather industry toluene is used for tanning processes and printing processes. In biochemistry sector toluene is used to extract haemoglobin by breaking or disrupting red blood cells. Toluene used in explosives industry in the manufacture of flammable & explosive compounds, such as Trinitrotoluene. Types of additives include metal deactivators, corrosion inhibitors, oxygenates and antioxidants.

North America, Europe, Asia Pacific, Middle East & Africa and Latin America are regional segments of toluene market. Asia pacific is predicted to grow at higher CAGR owing to increased demand from gasoline additive industry. Maximum demand is led by china in Asia Pacific region. Asia Pacific market is followed by North America and Europe. China, U.S. and South Korea are major producer of toluene.

Key Players Profiled and Analised in the Report.
ExxonMobil Chemical, Sinopec, Shell, Reliance Industries, ConocoPhillips, Valero Energy, BASF, BP Chemicals, China National Petroleum and Mitsui Chemicals Koch Industries, JX Nippon Oil and Energy, Chevron Phillips, Nova Chemicals, Sherwin-Williams, Total Petrochemicals, Lyondell Basel, Covestro, and Formosa Plastics are
Scope of the Toluene Market Report

Toluene Market by Derivative Type:

• Benzene
• Xylene
• Toluene Diisocynates
• Benzaldehyde
• Others
Toluene Market by Application Type

• Explosive
• Dyes
• Blending Agent
• Additive
• Industrial Solvent
• Other
Toluene Market by Region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player Analysed In The Toluene Market:

• ExxonMobil Chemical
• Sinopec
• Shell
• Reliance Industries
• ConocoPhillips
• Valero Energy

About Company Info –
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors
Report Published by: Maximize Market Research

Total Views: 23Word Count: 548See All articles From Author

Add Comment

Business Articles

1. How To Find Cheap International Flights Ticket
Author: How To Find Cheap International Flights Ticket

2. Tips For Choosing The Right Iphone Repair Service Centre
Author: Keyur Patel

3. Spit Roast Caterers Sydney’s Tips To Throw A Rocking Corporate Party
Author: Mario Sazos

4. Object Oriented Programming Language
Author: Object Oriented Programming Language

5. We Produce Pre-roll Packaging Use Quality Material
Author: Jeff Parker

6. Tips To Increase Resilience In Your Workforce
Author: Edmund Brunetti

7. Guide To Know About The Top Leading Cement Brand In India - Wonder Cement
Author: Nirav Dedhia

8. Textile Fabrics Market Business Overview, Challenges, Opportunities, Trends And Analysis By 2025
Author: Market Research Future

9. Elite League Of Innovative Entrepreneurs, 2019
Author: CIOLook

10. Top 5 Lead Generation Strategies For A Highly Successful Business
Author: Surabhi Joshi

11. Dressy Tunic Tops To Wear With Leggings: The Mature Way To Pull Off The Legging Look
Author: Katie Kutsunis

12. Silicone Coating Market New Industry Research On Present State & Future Growth Prospects By 2025
Author: Market Research Future

13. Hire Professional Hair And Makeup Services In Key West
Author: Hire Professional Hair And Makeup Services in Key

14. Choosing Family Activities For The Summer
Author: Mark Luke

15. Rehabilitation Centers Near Me
Author: Rehabilitation centers near me

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: