November 7, 2017 - 4:13 AM EST
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Global Toluene Market 2017-2021: Analysis By Derivative Type - Research and Markets

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The "Global Toluene Market 2017-2021" report has been added to Research and Markets' offering.

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

The 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.

The latest trend gaining momentum in the market is the fluctuation in crude oil prices. Toluene is an aromatic compound that is used to manufacture benzene, TDI, and other derivatives. The key component used for manufacturing toluene is gasoline by the catalytic reformer in an ethylene cracker or while making coke from coal. Toluene is a distillate product of crude oil. Toluene is formed by the fractional distillation of crude oil. The fluctuating prices of crude oil affect the prices of the raw material, which affects the production cost of toluene.

According to the report, one of the major drivers for this market is the widespread application avenues of toluene. Toluene is extensively consumed in TDI, which is used to manufacture flexible PU foams. These foams are used in upholstery, mattresses, and automotive seats. In addition, toluene as a solvent is used in paints, thinners, lacquers, glues, correction fluid, and nail polish remover. It is also used in the printing and leather tanning processes. In biochemistry, toluene is used for breaking or disrupting red blood cells to extract hemoglobin.

Key vendors

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

Other prominent vendors

  • Wanhua Industrial Group
  • BP
  • Mitsubishi Chemical
  • Petrleos Mexicanos
  • Shell
  • SK global chemical
  • Others

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Derivative Type

Part 07: Regional Landscape

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix

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

Research and Markets
Laura Wood, Senior Manager
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Related Topics: Petrochemicals , Solvents , Fuel Additives


Source: Business Wire (November 7, 2017 - 4:13 AM EST)

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