Global Toluene Market Report 2023: Sector is Expected to Reach $42.58 Billion by 2030 at a CAGR of 5.5%

DUBLIN, June 27, 2023 /PRNewswire/ -- The "Toluene Market: Global Market Size, Forecast, Insights, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

The global toluene market is expected to grow at a CAGR of around 5.5% to reach $43.58 billion by 2030 from $30.05 billion in 2023.

This report on global Toluene market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape.

The report presents a clear picture of the global Toluene market by segmenting the market based on derivatives type, production process type, application and region.

Also, detailed profiles of companies operating in the Toluene market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Dynamics

Drivers

• Rise in the End User Base of Toluene
• High Demand for Toluene Derivatives

Challenges

• Stringent Guidelines Initiated by the Government
• The Product is Considered as Hazaedous Air Pollutant

Companies Mentioned

• Sinopec
• Exxon Mobil
• Covestro
• BP
• SK Innovation
• BASF
• Shell
• China National Petroleum
• Formosa
• CPC
• Braskem
• IndianOil
• LyondellBasell
• DowDuPont
• Tosoh
• Total
• GS Caltex
• Chevron Phillips Chemical
• Mitsubishi Chemical
• NOVA Chemicals

Historical & Forecast Period

• Base Year: 2022
• Historical Period: 2018-2022
• Forecast Period: 2023-2030

Market Segmentation

By Derivative Type

• Benzene & Xylene
• Toluene Diisocyanates
• Solvents
• Gasoline Additives
• Others

By Production Process Type

• Reformate Process
• Pygas Process
• Coke/Coal Process
• Styrene Process

By Application

• Gasoline
• STDP/TPX
• Solvents
• Trans Alkylation (TA)
• Hydrodealkylation
• Toluene Diisocyanate (TDI)
• Toluene Disproportionation (TDP)
• Others

By Region

• Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe
• North America
• United States
• Canada
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Rest of Asia Pacific
• Latin America
• Mexico
• Brazil
• Argentina
• Rest of Latin America
• Middle East & Africa
• Saudi Arabia
• Turkey
• Iran
• United Arab Emirates
• Rest of Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/9hvqbh

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected] 

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets