Lewes, DE -- (SBWire) -- 04/20/2015 --Report forecast the Global Toluene market to grow at a CAGR of 4.2 percent over the period 2014-2019.
Toluene, also known as methylbenzene, is an aromatic hydrocarbon, which contains seven carbon and eight hydrogen atoms, and it is represented by the formula C7H8. Toluene is produced during the manufacture of gasoline by naphtha reforming. Reformate accounts for more than 70 percent of the world's toluene production with the rest coming from pygas. It is a clear, colorless liquid with low volatility due to the methyl group in its chemical structure, which also makes it a good octane enhancer for gasoline blending. It finds use in a variety of applications such as raw material for benzene, solvents, xylene, and TDI production, which are further used in numerous industries such as Paint, Adhesive, Chemical, Pharmaceutical, Textile, Polymer, and Plastic.
The report covers the present scenario and the growth prospects of the Global Toluene market for the period 2015-2019. The report provides the segmentation of the market based on the following criteria: end-users and geography.
According to the report, demand for toluene has seen a marked increase in the emerging countries. Increased industrialization and growing demand from the Chemical, Plastic, Paints, Solvents, and other industries are fueling the demand for toluene globally.
Further, the report states that crude oil constitutes an essential raw material for the production of toluene and, therefore, significant fluctuations in its prices in recent times are having a direct impact on the profitability of toluene producers.
The Global Toluene Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Toluene market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key players in the Global Toluene Market: BASF SE, BorsodChem Zrt., Petroquimica Rio Tercero SA, Reliance Industries Ltd. and Royal Dutch Shell plc
Other Prominent Vendors in the market are: Alfa Aesar, J&H Chemicals, Jinan Haohua Industry and Shijiazhuang Kunli Chemical
Key Regions
- Americas
- APAC
- EMEA
Market Driver
- Increased Demand for Toluene from Emerging Economies
- For a full, detailed list, view our report
Market Challenge
- Instability in Crude Oil Prices
- For a full, detailed list, view our report
Market Trend
- Huge Growth in Benzene Market in China
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 68 pages, "Global Toluene Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by End-User, Geographical Segmentation, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-toluene-market-2015-2019
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