Toluene Market Impact of Covid-19 with Business Performance, Gross Margin and Forecast to 2026
Toluene, previously known as toluol and methylbenzene, is a sweet-smelling hydrocarbon that is utilized as a modern feedstock and as a dissolvable. Toluene is viewed as a fragrant compound as a result of the presence of benzene ring in its substance structure. Toluene shows beta-oxidant, depressant, hepatoprotective, sedative, and synapse capacities. Toluene is utilized in enterprises as a dissolvable in paint removers, nail clean removers, pastes, and remedy liquids. Furthermore, it is utilized in explosives industry in the assembling of combustible and dangerous mixtures, like Trinitrotoluene (TNT) and in the assembling of hair colors and corrective nail items.
ChemIntel360’s global Toluene Market study is a 160+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, segment, and applications perspective. The industry is expected to grow at a CAGR of 3.5% during the forecast period primarily due to growing consumption of toluene as an octane booster in fuel mixture
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Scope
This study contains global and regional market size data - value and volume. The numbers are broken down by application (Paints and Coatings, Fuel Additive, Cleaning Agent, Heating Oil, Polymer Production, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Toluene market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$20.3 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
Toluene Market Country Level Analysis
The toluene market is analysed and market size, volume data is given by country, subordinate sort, creation cycle, and application as referred to above.
The countries covered in the toluene market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a piece of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as a feature of South America.
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Competitive Landscape
The major players covered in the toluene market report are Exxon Mobil Corporation., China Petroleum & Chemical Corporation., Reliance Industries Limited, The Chemical Company, Mitsubishi Chemical Corporation, Pon Pure Chemicals, Brenntag Pte. Ltd., OCI Company Ltd., Dow, HELM AG, Valero Marketing and Supply Company, BASF SE, Indian Oil Corporation Ltd, Covestro AG, Solventis, Central Drug House., Benzo Chem Industries Pvt. Ltd., GNFC Limited, Yashdeep Chemicals (India) Pvt Ltd, Royal Dutch Shell plc, among other domestic and global players.
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