According to AMA, the Toluene market will register a CAGR of above 6.1% by 2024. The study covers a detailed analysis segmented by key business segments i.e. , by application (Automotive, Building and Construction, Oil and Gas and Others) and major geographies. Research Analyst at AMA predicts that Chinese, German, South Korean, and United States Vendors will contribute to the maximum growth of Global Toluene market throughout the predicted period.
The competition is expected to become even more intense in the coming years with the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Toluene market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, including:
- China Petroleum & Chemical Corporation (China)
- China National Petroleum Corporation (China)
- Stepan Company (United States)
- Exxon Mobil Corporation (United States)
- Covestro AG (Germany)
- SK Innovation Co., Ltd. (South Korea)
- BASF SE (Germany)
- GS Caltex (South Korea)
- Formosa Chemicals & Fiber Corporation (Taiwan)
- Royal Dutch Shell PLC (Netherlands)
On December 4, China National Petroleum Corporation (CNPC) and the People’s Government of Guangdong Province have signed a strategic cooperation agreement. With this agreement, CNPC and Guangdong Province is likely to deepen the strategic cooperation partnership, & together promote the processing of CNPC/PDVSA Joint Venture Guangdong Petrochemical's 20Mt/a Refinery Project & the construction of natural gas supply as well as ancillary facilities, oil depots and gas station networks, oil and gas pipelines.
Restraints
- Shifting Trends in Oil & Gas and Petrochemical (Aromatics) Industry
Opportunities
Extraction of Aromatics from Tight Oil or Shale Oil and Increase in Investments & Rise in the Number of New Manufacturing Establishments in Emerging Markets
Key highlights of the Global Toluene market Study:
CAGR of the market during the forecast period 2018-2024
Detailed information on factors that will accelerate the growth of the Toluene market for the next five years.
Forecast of the Global Toluene market size and its contribution to the parent market by type, application and by country.
Insights on upcoming trends and changes in consumer behaviour
Uncovering markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Toluene Vendors
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Toluene market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Toluene market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Toluene Manufacturers, Raw Materials Suppliers, Government and Research Organizations, Industry Associations, End Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.