Global Toluene Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Toluene Market By Type, Technology & Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the toluene market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Toluene acts as octane booster and maintains the energy content of gasoline which is expected to drive the major market of toluene. Further, toluene is used in the blending of petrol and occurs as a by-product of styrene manufacture also boosts the market growth. Moreover, development of synthetic fibers, elastomers, agrochemicals, dyes, nail paints are emerging factors augmenting the market growth. Production of toluene from shale gas is anticipated to create better opportunities for this market.
However, rising demand for diesel against gasoline and the limitation in toluol sourcing is the major restraining factor for toluene market. Moreover, inhalation of the product from low to moderate levels causes memory loss, weakness, tiredness, nausea, confusion, drunken-type actions, loss of appetite, colour vision loss and hearing loss that hinder the growth of this market.
This report presents a detailed evaluation of toluene, which incorporates current industry situations such as market size, growth and demands, market outlook, major players with their key strategies which include investment, mergers and acquisitions, value chain analysis and porter’s evaluation. It covers the marketplace canvas and the boom opportunities in the coming years. The report has been made with an in-depth analysis along with vital inputs from the various industry professionals. The research is accomplished with both extensive primary and secondary data resources supported with either bottom up or top down approach.
The major growth factors for toluene market in North American region is due to increasing number of end users for the products in industries which includes oil & gas, building & construction and transportation industry. Further, presence of prominent key players in toluene based products manufacturers in countries like U.S. and Canada drives the Toluene market growth in North American region. Increasing demand of the product in the electronics segment, interiors & furniture manufacturing is expected to drive the market demand of toluene in European region. However, increasing investments and number of manufacturing establishments in Asia-Pacific region is anticipated to grow market in future.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in global toluene market and what are their strategies? • Which vertical industry is expected to show major growth? • What segment and region will lead the market and why?
The major companies profiled in the report include: China Petroleum & Chemical Corporation, China National Petroleum Corporation, Exxon Mobil Corporation, Covestro AG, BP PLC, SK Innovations, BASF SE, GS Caltex, Formosa Chemical & Fiber Corporation, Royal Dutch Shell, and CPC Corporation.
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