Toluene Market In-Depth Analysis and Forecasts from 2015 to 2019

2015-05-21
Published : May-2015

Toluene is a widely used chemical. The primary use of this chemical is that it can be converted to Beneze and mixed Xylenes which are required for manufacturing a large number of articles all around the world. From the business perspective the import of Toluene is likely to increase in the coming years and following the industrial policies the import duties on Toluene will also be revised. Toluene chemical is used in the process of making a wide variety of products from explosives to fine fragrances. Toluene derived as TNT is used as explosive, Toluene DiIsocynate (TDI) used in Urethane Polymers; Toluene Sufonamide used as a sweetner called Sacchrin; Benzyl Chloride used for producing Plasticizer; Benzoic Acid for production of Phenol, Caprolactum and Terephthalic Acid; Chlorinated derivatives for manufacturing Dyes, Pesticides, Pharmaceuticals and miscellaneous derivates used in medicines, flavours,  germicides, perfumes etc.

For an overview on this market one can refer to Global Toluene Market 2015-2019 (http://www.sandlerresearch.org/global-toluene-market-2015-2019.html) . According to experts Toluene market is expected to grow at CAGR of 4.2% over 2014-2019. The report covers the important players of this market like- BASF, BorsodChem, Petroquimica Rio Tercero, Reliance Industries and Royal Dutch Shell. There is a detail about the business profile of these companies with a segmentation by revenue for 2013 and for 2013 vs 2012, business strategies, keys facts about them, their recent developments and a SWOT analysis of the company. Other important players in the market and covered in this report are Alfa Aesar, Jinan Haohua Industry, J&H Chemicals and Shijiazhuang Kunli Chemical. The report includes segmentation by market size and forecast of different chemicals that are a part of the Toluene Market, such as- Beneze, Solvent, Xylene and TDI. The geographical segmentation includes regions like- APAC, Americas and EMEA. Of these US and China are the leading companies that offer great opportunities for business in the long run.

The manufacturers of Toluene should note that the product produced by them should meet specifications as laid down by controllers. The specifications are Toluene viz. Nitration Grade Toluene (ASTM D-841-85) and Industrial Grade Toluene (ASTM-D-362-84). Nitration Grade Toluene is of high purity (>99.8%) and has more stringent product specifications. The Asian markets have seen a drop in the price of Toluene in the recent days which is in contrast to the prices in the European market that are on a steady rise. Japaneese players have been one of the top exporters of Toluene. The market had sold 98,400 tonnes of Toluene by January 2015 which is significantly higher than 73,700 tonnes in January 2014. The rise in demand has been majorly due to the increased requirement of Tolene from was from South Korea due to the opening of a new plant.

Increase in demand of Toluene in the developing nations is the biggest opportunity for this market. However unstable crude oil prices are a big setback. The report on Global Toluene Market 2015-2019 discusses in detail the latest trend in this market that is rising consumption of Beneze in China and the benefits the economy is reaping from it. There are lot of opportunities in the market and new entrants are welcome into the market. Investments in the field of innovation of newer methods and technologies find an easy way into the market.

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