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Global Toluene Market Growth, Trends, and Forecasts 2021-2026 - Increasing Demand for Benzene & Xylene for Solvent Applications - ResearchAndMarkets.com


The "Toluene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The market for toluene is expected to register a CAGR of about 5%, during the forecast period.

One of the major factors driving the market studied is the growing usage of toluene as a solvent. Stringent governmental regulations are expected to hinder the growth of the market studied.

Benzene and xylene segment dominated the market, and is expected to grow with the highest CAGR during the forecast period.

Growing usage in the production of toluene diisocynate (TDI) is likely to act as an opportunity in the future.

Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.

Key Market Trends

Increasing Demand for Benzene & Xylene for Solvent Applications

Asia-Pacific Region to Dominate the Market

Competitive Landscape

The toluene market is fragmented, with no major player having more than 10% of the market share. The major companies include Exxon Mobil Corporation, Chevron Phillips, Lyondellbasell Industries NV, Covestro AG, and BASF SE, among others.

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/n6clv5


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