MRO Magazine

Research and Markets: Global Toluene Market 2015-2019 – Huge Growth in Benzene Market in China


June 10, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/n9tnh7/global_toluene) has announced the addition of the “Global Toluene Market 2015-2019” report to their offering.

The analysts forecast the Global Toluene market to grow at a CAGR of 4.2% over the period 2014-2019

Toluene is produced during the manufacture of gasoline by naphtha reforming. Reformate accounts for more than 70 percent of the world’s toluene production with the rest coming from pygas. It is a clear, colorless liquid with low volatility due to the methyl group in its chemical structure, which also makes it a good octane enhancer for gasoline blending. It finds use in a variety of applications such as raw material for benzene, solvents, xylene, and TDI production, which are further used in numerous industries such as Paint, Adhesive, Chemical, Pharmaceutical, Textile, Polymer, and Plastic.

Exponential growth in toluene market in China is one of the major trends being witnessed in the market. Economic growth in the country coupled with rapid industrial development has resulted in a rise in per capita income of the Chinese population in recent years. The use of products of toluene, such as benzene, solvents, and xylene, has seen a marked increase in the country.

According to the report, demand for toluene has seen a marked increase in the emerging countries. Increased industrialization and growing demand from the Chemical, Plastic, Paints, Solvents, and other industries are fueling the demand for toluene globally.

Further, the report states that crude oil constitutes an essential raw material for the production of toluene and, therefore, significant fluctuations in its prices in recent times are having a direct impact on the profitability of toluene producers.

Key Vendors

  • BASF
  • BorsodChem
  • Petroquimica Rio Tercero
  • Reliance Industries
  • Royal Dutch Shell

Other Prominent Vendors

  • Alfa Aesar
  • Jinan Haohua Industry
  • J&H Chemicals
  • Shijiazhuang Kunli Chemical

Key Topics Covered:

  1. Executive Summary
  2. List of Abbreviations
  3. Scope of the Report
  4. Market Research Methodology
  5. Introduction
  6. Market Landscape
  7. Market Segmentation by End-User
  8. Geographical Segmentation
  9. Key Leading Countries
  10. Buying Criteria
  11. Market Growth Drivers
  12. Drivers and their Impact
  13. Market Challenges
  14. Impact of Drivers and Challenges
  15. Market Trends
  16. Trends and their Impact
  17. Vendor Landscape
  18. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/n9tnh7/global_toluene

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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