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Toluene Market Growth, Upcoming Trends, Companies Share, Structure and Regional Analysis by 2026

According to IMARC Group’s latest report, titled Toluene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a value of US$ 25 Billion in 2020. Toluene or methylbenzene (C7H8) is a colorless, water-insoluble, aromatic hydrocarbon compound that exhibits beta-oxidants, hepaprotective, neurotransmitters and anesthetic properties. It can be produced from the fractional distillation of the crude oil and coke-oven operations in the form of by-products. Toluene aids in drying, dissolving, and thinning substances, on account of which it is extensively used as an intermediate in paints, thinners, nail polish, and lacquers.

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The widespread adoption of toluene across various industry verticals, such as construction, chemical manufacturing, pharmaceuticals, and military and defense, on account of its diverse chemical properties is currently driving the toluene market growth. For instance, in the automotive sector, toluene is widely used as a fuel additive in motor vehicles due to its low sensitivity and high-octane ratings, which, in turn, is creating a positive outlook for the market. Additionally, the increasing demand for aromatics in the petrochemical sector for manufacturing dyes, agrochemicals, fertilizers, and trinitrotoluene (TNT) explosives is further catalyzing the market growth. Besides this, significant improvements in value chain, adoption of proactive strategies by key players, and rapid expansion of production facilities to cater to the rising industrial demand are positively influencing the market growth. Looking forward, IMARC Group expects the global toluene market to grow at a CAGR of 5.5% during 2021-2026.

Checkout Now: https://www.imarcgroup.com/checkout?id=685&method=1

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • Exxon Mobil Corporation
  • SK Global
  • British Petroleum
  • Versalis
  • Compañia Española De Petroleos Sau
  • BASF
  • Covestro
  • BP PLC
  • Royal Dutch Shell Plc.

Market Segmentation:

Breakup by Technology:

  • Reformation Process
  • Pygas Process
  • Coke/Coal Process
  • Styrene Process

Breakup by Application

  • Gasoline
  • STDP/TPX
  • Solvents
  • Trans Alkylation (TA) 
  • Hydrodealkylation
  • Toluene Diisocyanate (TDI) 
  • Toluene Disproportionation (TDP)
  • Others  

Market Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

Ask Analyst for Customization and Explore full report with TOC & List of Figureshttps://www.imarcgroup.com/toluene-technical-material-market-report

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2021-2026) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group

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Sheridan, WY 82801 USA – Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Eleena Wills
Hi, I’m Eleena Wills. Being a writer and blogger, I strive to provide informative and valuable articles to people. With quality, constructive, and well-researched articles, one can make informed choices. I cover a wide range of topics, from home improvement to hair styling and automotive.
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