Market Research Report
Global Toluene Market 2017-2021
|Global Toluene Market 2017-2021|
Published: October 26, 2017
TechNavio (Infiniti Research Ltd.)
Content info: 72 Pages
Delivery time: 1-2 business days
Toluene is an aromatic hydrocarbon solvent, which is produced during the manufacturing of gasoline and other fuels from crude oil. Alternative names used for toluene are methylbenzene, toluol, anisen, and phenyl methane. Naphtha is the main feedstock, which is used to produce toluene. Heavy and light naphtha are the two main grades that are used for producing toluene. It is extracted during the process of fractional distillation of crude oil. In addition, Coke Oven Light Oil (COLO) can be used as an alternative for manufacturing aromatics such as toluene, however, owing to the low combustion value of these products and shortage of supply, naphtha is most commonly used as a raw material for the manufacturing toluene and other aromatics.
Technavio's analysts forecast the global toluene market to grow at a CAGR of 4.59% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global toluene market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of toluene for manufacturing its derivative types.
The market is divided into the following segments based on geography:
Technavio's report, Global Toluene market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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