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Toluene Market by Application and Derivative - Global Forecast to 2021

Toluene Market: Global Forecast until 2021

  • January 2017
  • 218 pages
  • ID: 4637232
In this report:
In China, the total consumption of paints and coatings was approximately ## million tons in 2013, and is expected to grow by ##% per year.
Benzene production and consumption is expected to increase drastically due to demand from cumene production because of new expansion plan of PTT phenol plant with capacity of ##,## tonnes/year.
Three benzene plants in China, with aggregate capacity of ## KT/year, are expected to start up in 2016.

Summary

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"Toluene market expected to reach ~$23.4B by 2021"

The toluene market is estimated to grow ~$23.4B by 2021 at a Compound annual growth rate of 6.30 percent. The increasing end-user base of toluene in end-use sectors including, automotive, building & construction, and oil & gas is anticipated to lead to the high rise of the toluene market. Additionally, the increasing petrochemical sector in the Asia Pacific (APAC) area also is further anticipated to drive the toluene market. The main restraints in the toluene market are the limitations in sourcing toluene, the growing demand for diesel as against gasoline, and the discovery of shale gas.

"Benzene and xylene-The biggest segment of toluene in terms of value concern and quantity"

Benzene and xylene are forecasted to lead the toluene market during the outlook period, both, in terms of value significance and quantity. The most common derivatives of benzene and xylene are, Polyethylene Terephthalate, Polystyrene, and cumene, among others. The increasing applications of PET and PS are anticipated to support the benzene and xylene sectors, which in turn is predicted to push the toluene market.

"North America (NA) forecasted to be the quickest growing sector both, in terms of value importance and quantity"

North America continent is the quickest increasing sector for toluene. Increase in the North America (NA) sector is led by the increasing demand from the automotive, building & construction, industrial, and gasoline consumption, due to the rising quality & performance standards of the end-products in which toluene is used as a solvent or additive. These factors together with the discovery of shale oil is also driving the toluene market.

Break-up of profiles of the primary participants for the study

- By Company Type - Tier 1 - 55.0 percent, Tier 2 - 20.0 percent, and 1/3 3 - 25.0 percent

- By Designation - C Level- 75.0 percent, Manager Level - 25.0 percent

- By area - North america (NA) - 10.0 percent, Europe - 20.0 percent, Asia-Pacific - 40.0 percent, Middle East & Africa - 18.0 percent, and Latin America - 12.0 percent

The toluene market is expected to register steady increase rate from 2016 to 2021. The firms decribed in this business report contain, China Petroleum & Chemical Corporation, China National Petroleum Corporation, Exxon Mobil Corporation, Covestro AG, BP P.L.C., SK Innovations, BASF SE, GS Caltex, Formosa Chemical & Fiber Corporation, Royal Dutch Shell, and CPC Corporation, among others.

Segment Research

The toluene market for this analysis is broken down on the basis of application and derivative. The application and derivative include, benzene and xylene; solvents; gasoline additives; TDI; and others including, trinitrotoluene, benzoic acid, and benzaldehyde among others. The business research study also comprises a in-depth segmentation of the overall toluene market established on area. Apart from the market segmentation, this industry report offers a comprehensive review of the main market drivers, industry restraints, possibilities, and main issues of the market.

Main highlights

This market research is mostly focused on several levels of analyses - industry, market share research of top players, value chain study, and company descriptions, coming out and high-growth segments of the toluene market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on toluene provided by the top actors in the overall toluene market

- Industry development: Highlighted information about profitable emerging sectors - the market research examines the industries for toluene across localities

- Industry diversification: Complete information about untapped areas, and market investments in the overall toluene market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the toluene market

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