Reports and Data has recently published a new report titled Global Toluene Market that offers vital statistical data about market size, market share, revenue growth, and evaluation of key segments such as types, applications, regions, technology, end-user, and prominent players of the industry. The report is further furnished with the latest market scenario pertaining to the global COVID-19 crisis and disruption in supply chain, changes in demands and trends, and economic scenario. The report also provides strategic recommendations to the new entrants pertaining to entry level barriers and to established players to help them gain a robust footing in the market and capitalize on lucrative opportunities in the market.
The Global Toluene market is forecast to reach USD 41.56 Billion by 2028, according to a new report by Reports and Data. Toluene is also known as toluol, is a colorless, aromatic hydrocarbon. It is a water-insoluble liquid with a smell similar to paint thinners.
Chemical and manufacturing industry largely caters to a broad range of commodity-related manufacturing and include a wide variety of materials such as sand, gravel, stone, and chemicals. Increasing focus on development of sustainable chemicals and materials, advancements in the development of smart materials such as nanocomposites and other advanced composites, and growing popularity of 3D printing have significantly contributed to revenue growth of the market. In addition, rising emphasis on green building and construction have increased use of renewable resources and this is also a key factor driving market growth.
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Key participants include Covestro AG, Exxon Mobil Corporation, SK Innovation Co., Ltd, BP PLC, BASF SE, SK Innovation Co., Ltd, China National Petroleum Corporation, Royal Dutch Shell PLC, CPC Corporation and Formosa Chemicals & Fibre Corporation.
Key companies are engaged in developing advanced materials having robust characteristics and forming strategic alliances such as mergers and acquisitions, joint ventures, collaborations, and product launches among others to gain a robust footing in the market. The competitive landscape section offers a comprehensive analysis of the competitive landscape along with profiles of the companies, their product portfolios, and lucrative business strategies undertaken by them.
The report further segments the Toluene market based on product types, applications, technology, end-use, and region, among others. The report also offers insights into key factors influencing the revenue growth of each segment and sub-segment along with market revenue share and CAGR.
Derivatives Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Benzene and Xylene
Toluene Diisocynate [TDI]
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End-User Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Oil & gas
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Paints & coatings
The report also offers a detailed regional analysis along with information about which region is expected to account for largest revenue share or register the fastest revenue growth and the key factors contributing to their growth. The regions are analyzed with regards to supply and demand, import/export, production and consumption pattern, market share, revenue contribution, market size, along with a stringent analysis of the key players present in the key regions.
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Regional analysis covers the following key regions:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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