Global Toluene Market 2017-2021

Published: October 2017
No. of Pages: 72
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Toluene is an aromatic hydrocarbon solvent, which is produced during the manufacturing of gasoline and other fuels from crude oil. Alternative names used for toluene are methylbenzene, toluol, anisen, and phenyl methane. Naphtha is the main feedstock, which is used to produce toluene. Heavy and light naphtha are the two main grades that are used for producing toluene. It is extracted during the process of fractional distillation of crude oil. In addition, Coke Oven Light Oil (COLO) can be used as an alternative for manufacturing aromatics such as toluene, however, owing to the low combustion value of these products and shortage of supply, naphtha is most commonly used as a raw material for the manufacturing toluene and other aromatics.

The analysts forecast global toluene market to grow at a CAGR of 4.59% during the period 2017-2021.

Covered in this report

This report covers the present scenario and the growth prospects of the global toluene market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of toluene for manufacturing its derivative types.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

This report, Global Toluene market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Chevron Phillips Chemical
  • ExxonMobil
  • LyondellBasell Industries
  • Reliance Industries
  • BASF

Other prominent vendors

  • Wanhua Industrial Group
  • BP
  • Braskem
  • CITGO Petroleum
  • Indian Oil
  • GS Caltex
  • Marathon Petroleum
  • Mitsubishi Chemical
  • NOVA Chemicals
  • Petróleos Mexicanos
  • Shell
  • SK global chemical

Market driver

  • Widespread application avenues of toluene
  • For a full, detailed list, view our report

Market challenge

  • Fluctuations in toluene prices
  • For a full, detailed list, view our report

Market trend

  • Fluctuation in crude oil prices
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 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?

Published By: Technavio
Product Code: Technavio17821

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