Toluene Market Analysis and Growth during the Forecast Period 2019-2027

MARKET INTRODUCTION
Toluene is a colorless and water-insoluble component added to gasoline that is used to produce benzene and solvent. Toluene is used in the production of polymers and other plastic products such as plastic soda bottles, dyes, cosmetic nail products, and the synthesis of organic chemicals. Toluene has widely used an industrial feedstock and a solvent. It naturally occurs at low levels in crude oil and is a byproduct in the production of gasoline. Toluene acts as an octane booster in gasoline fuels used in internal combustion engines. Absolute toluene is used as a fuel for two-stroke and four-stroke engines.

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MARKET DYNAMICS
The toluene market is anticipated to grow rapidly in the forecast period owing to driving factors such as an increase in demand for toluene owing to its wider use in gasoline blends and increase in demand for aromatics in the petrochemical industry in the development of synthetic fibers, elastomers, agrochemicals, dyes, nail paints. Increasing automobile production which leads to rising consumption of lubricants are in developed and developing countries is estimated to fuel the growth of the market. However, a shift in the trend of the oil & gas industry toward lighter feedstock and availability of substitutes at lower prices in the market is expected to hinder the market growth.

MARKET SCOPE
The "Global Toluene Market Analysis to 2027" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the toluene market with detailed market segmentation by type, application, and geography. The global toluene market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading toluene market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global toluene market is segmented on the basis of type and application. On the basis of type, the toluene market is segmented into benzene & xylene, toluene diisocyanates, solvents, gasoline additives and others. Based on application, the toluene market is segmented into blending, dyes, drugs, cosmetics and others.

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REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global toluene market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The toluene market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the toluene market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the toluene in these regions.

MARKET PLAYERS
The reports cover key developments in the toluene market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from toluene market are anticipated to lucrative growth opportunities in the future with the rising demand for toluene in the global market. Below mentioned is the list of few companies engaged in the toluene market. 

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the toluene market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• BASF SE
• China Petrochemical Corporation
• Covestro AG
• CPC Corporation Limited
• Exxon Mobil Corporation
• Formosa Plastics Corporation
• LyondellBasell Industries Holdings B.V.
• Mitsubishi Chemical Corporation
• Nova Chemicals
• Royal Dutch Shell PLC

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