Global Toluene Market (2017-2022) – Segmented by Derivative, Application & Geography – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Global
Toluene Market – Segmented by Derivative, Application, and Geography –
Growth, Trends and Forecasts (2017 – 2022)" report has been
added to Research and Markets' offering.

Toluene, formerly known as toluol and methylbenzene, is an aromatic
hydrocarbon, which is used as a solvent and an industrial feedstock. It
is mainly obtained from petroleum and coal tar. Toluene exhibits
beta-oxidant, anesthetic, depressant and neurotransmitter functions. It
is used in the explosives industry to manufacture explosive compounds,
such as trinitrotoluene (TNT). In addition, toluene is used in
industries as a solvent in paint thinners, glues, nail polish removers,
and in the manufacture of hair dyes and cosmetic nail products.

The increased use of toluene as an industrial solvent is driving the
market. Demand growth is also being witnessed in the petrochemical
industry for the manufacture of agrochemicals, synthetic fibers, dyes,
elastomers, and nail paints. However, environmental regulations
associated with toluene is a constraint, especially, for the emerging
economies. Moreover, the increasing demand for other aromatic products
is expected to hinder the market.

The global toluene market is segmented into derivative and application.
Based on derivative, the use of toluene in the production of benzene and
xylene held the largest market share. In the application segment, the
blending sub-segment is expected to witness a growth, due to the growing
demand for gasoline blending to improve the octane number of fuels.

Companies Mentioned:

• BASF SE
• Chevron Phillips
• China Petrochemical Corporation (Sinopec)
• CPC Corporation
• Exxon Mobil Corporation
• Formosa Plastics
• Lyondell Basel
• Nova Chemicals
• Royal Dutch Shell PLC
• Sherwin-Williams
• Others

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis (Market size, Growth and Forecast)

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/nbt6m4/global_toluene

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Related
Topics: Petrochemicals
, Solvents
, Fuel
Additives