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21 Oct 2011 • by Natalie Aster
GBI Research’s “Toluene Global Market to 2020 - Asia Pacific to Account for 50% of Global Demand by 2018, Driven by Solvent Applications, Benzene and Xylene Markets” is an in-depth report focusing on the demand side of the global toluene industry. The report provides the reader with detailed analysis and forecasts of the major economic and market trends affecting global toluene demand in all the major regions of the world. It also provides analysis and description of the major drivers and restraints affecting toluene demand in various regions. Global toluene demand is assessed in terms of end-user segments and price and a competitive landscape, at both regional and country level, is also provided. Overall, the report presents a comprehensive analysis of the global toluene market covering all the major parameters.
Toluene Global Market to 2020 - Asia Pacific to Account for 50% of Global Demand by 2018, Driven by Solvent Applications, Benzene and Xylene
Published: September 2011
Price: US$ 3,500.00
Global Toluene Market Expected to Increase at a CAGR of 4..4%
During the last ten years, global demand for toluene has been rapidly increasing. In 2000, global toluene demand stood at 10,380,023 tons, before increasing to 12,441,568 in 2010. The majority of the increased demand for toluene was from the Asia-Pacific region, and the same trend is expected to continue during the forecast period. Asia-Pacific is expected to account for 51.4% of global toluene demand by 2020, and global demand for toluene will grow to 19,603,561 tons by 2020.
Benzene, Xylenes and Solvents Lead Demand from End-User Segments
The production of benzene, xylenes and solvents and others, with demand of 3,647,707 tons, 3,641,163 tons and 3,508,453 tons, are the leading end-user toluene markets in 2010. Together, they account for more than 85% of global toluene demand. Toluene is converted to benzene in HDA plants, and STDP and TDP plants are used to convert toluene into benzene and xylenes. A similar trend in terms of the end-users of toluene is expected to continue in the forecast period.
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