Toluene Market Ongoing Trends, Growth Prospects & Challenges by 2015

Toluene Market Current Trends, Size, Share, Industry Analysis, Competitive

Intelligence, Growth, Opportunities and Forecasts To 2015

Toluene is an aromatic chemical produced during the manufacture of gasoline. It also goes by the

names of phenylmethane and methylbenzene. It is primarily used as a fuel additive and solvent.

It finds its use in applications like xylene, benzene, TDI (toluene diisocyanate) production.

Industries of chemical, pharmaceuticals, adhesive, textile, paint, plastic, and polymer are the endusers of toluene.

The global and Chinese toluene had market revenue amounting to USD 24.5 billion in 2013.

TDI, a derivative of toluene is used to manufacture polyurethane foams. These foams are utilized

in beds, upholstery in furniture, and paints and coatings. Technologies used to manufacture

toluene are hydrogen dealkylation (HDA), transalkylation, and TDP (toluene disproportionation).

Approximately 80% of manufacturers depend on HDA to produce toluene.

Applications of the market are paint, adhesive, textile, pharmaceuticals, and chemicals. Countries

in Eastern Europe, Middle East, and Latin America are currently involved in infrastructure

development which requires paints, which can fuel toluene demand globally. Toluene acts as an

additive as it increases the octane number when added to fuel.

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The global and Chinese toluene market is projected to grow exponentially primarily due to its

demand from China and unlimited resources in the Middle East. Factors inhibiting the market are

volatile prices of crude oil and alternatives of other aromatic chemicals. Additionally, harmful

effects associated with toluene have led to strict regulations regarding its distribution. Demand

from the Middle East will grow on account of its growing polyurethane industry.

Regions under consideration in the global and...