“Data Bridge Market Research” has recently added a concise research on the Toluene Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are Exxon Mobil Corporation, China Petroleum & Chemical Corporation., Reliance Industries Limited., The Chemical Company, Mitsubishi Chemical Corporation, Pon Pure Chemicals, Brenntag North America, Inc., OCI COMPANY Ltd., Dow, HELM AG, Valero Marketing and Supply Company.
Global toluene market is set to witness a substantial CAGR of 5.53% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017.
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Segmentation: Global Toluene Market
Global Toluene Market By Derivative Type (Benzene & Xylene, Toluene Diisocyanates, Solvents, Gasoline Additives, Others)
Production Process (Reformate Process, Pygas Process, Coke/ Coal Process, Styrene Process)
Application (Drugs, Dyes, Blending, Cosmetic Nail Products, Others)
Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Key Development in the Market:
In November 2017, DEZA a.s. announced that they have acquired Blachownia S. A through which they can strengthen their position in the light aromatic hydrocarbon market. This acquisition will help the company to increase their production capabilities of toluene and benzole. This will stabilize the company’s economy and assist them to produce more advanced products
Some of the key questions answered in this report:
- Detailed Overview of Toluene Market helps deliver clients and businesses making strategies.
- Influential factors that are thriving demand and constraints in the market.
- What is the market concentration? Is it fragmented or highly concentrated?
- What trends, challenges and barriers will impact the development and sizing of Toluene Market?
- SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.
- What growth momentum or acceleration market carries during the forecast period?
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- Increasing usage of toluene as solvent will drive the growth of the market
- Growing demand of toluene from petrochemical industry will propel the market growth
- Expanding dye industry worldwide will drive the market growth
- Increasing awareness about the application of toluene and its derivatives will also contribute as a factor for the market growth
- Fluctuation in the price of the raw material will restrain the market growth
- Rising demand for other aromatic products is restricting the growth of the market
- Strict government regulations will also hinder the growth of this market
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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