© 2016 Global Market Insights, Inc. USA. All Rights Reserved Toluene Market Products, Applications & regional performance 2016 – 2024 Toluene Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Italy, China, Australia, India, Japan, Indonesia, Argentina, Brazil, Saudi Arabia, UAE, Kuwait, ), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Toluene Market size demand is mainly driven by growth in applications across industries petrochemical, building & construction, oil & gas, paints, resins, printing, leather, pharmaceuticals and rubber industry. Rising demand for industrial feedstock and solvents will further boost the market for the product. Formula one cars use toluene as an anti-knock fuel since it does not burn at low temperatures and provide high octane rating. Growing use of toluene (toluol) in end use industries such as, automotive, oil & gas and building & construction owning to its properties as a solvent, is projected to fuel toluene market. The product is a common solvent for paint thinners, paints, rubber, printing ink. The major restraints for the toluene market are the rising demand for diesel against gasoline and the limitation in toluol sourcing. Further the product is not preferred by many industries due to its intoxicating effects. Global Market Scenario of Toluene Market

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Product Analysis:- Toluol is an inflammable, volatile, colorless liquid with odor which resembles that of a paint thinner and known by different trade names which includes methylbenzene, methacide, phenyl methane, antisal and toluol. The product is found naturally in crude oils and tolu trees. The product is mainly used in manufacturing of industrial and commercial products. Toluene exists in many forms which include benzyl chloride, trinitrotoluene (TNT), benzaldehyde, toluene diisocyanate (TDI) and benzoic acid. Regional Trends:- Asia-Pacific, led by China, is the world’s major toluol consumer. The increasing investments and number of manufacturing establishments in the region will be the key driver for growth of toluene market. a substantial contributor in the global acetate salt market due to its well established pharmaceutical industry. North America is the fastest growing market for the product both in terms of volume and value. The growing end user base for the product in end-use industries which includes oil & gas, building & construction and transportation industry will lead to the rising demand for the product European Union will witness steady growth owing to increasing demand of the product in the electronics segment.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Competitor Analysis:- In April 2015, Vencorex has increased the price of its TDI products in Middle-east, Africa and Europe owing to increasing cost of toluene. The company is the major manufacturer of isocyanates, particularly hexamethylene diisocyanate (HDI), TDI and its derivatives. Companies have adopted several strategies to capture the emerging toluene market which include expansion, investments, merger and acquisitions. In April 2015, Mitsui Chemicals signed a 50:50 joint venture agreement with South Korea’s SKC to manufacture toluol diisocyanate and to consolidate the market of polyurethane.

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