Toluene Market was valued at USD 16.82 million in 2021 and is expected to grow at a CAGR of 5% between 2022 and 2028. Toluene also known as toluol and methylbenzene, is an aromatic hydrocarbon used as an industrial feedstock and solvent. Toluene is considered an aromatic compound because of the presence of benzene rings in its chemical structure. Toluene exhibits beta-oxidant, depressant, hepatoprotective, anesthetic and neurotransmitter functions. Toluene is used in industry as a solvent for paint thinners nail polish removers, adhesives and proofing fluids. In addition, it is used in industrial explosives in the manufacture of flammable & explosive compounds such as trinitrotoluene(TNT)and in the manufacture of hair dyes and cosmetic nail products.
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Top Major Key Players Industries
Exxon Mobil Corporation
Chevron Phillips
LyondellBasell Industries NV
Covestro AG
BASF SE
By Application
Drugs
Dyes
Blending
Cosmetic Nail Products
Others (TNT, Pesticides, and Fertilizers)
By Type
BENZENE AND XYLENE
TOLUENE DIISOCYNATE
SOLVENTS
GASOLINE
OTHERS (BENZALDEHYDE AND BENZOIC ACID)
By Technology
REFORMATE PROCESS
PYGAS PROCESS
COKECOAL PROCESS
STYRENE PROCESS
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Scope of the Report
The research study analyzes the global Toluene Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Toluene Market Report
1. What was the Toluene Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Toluene Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Toluene Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
• Proliferation and maturation of trade in the global Toluene market.
• The market share of the global Toluene market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Toluene market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Toluene market.
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