London, 01 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Toluene Market 2015-2019, which is expected to grow at a CAGR of 4.2 percent during the forecast period pf 2014-2019.
“Global toluene manufacturers have started formulating plans to enhance the capacity of toluene because they foresee an increase in the consumption of toluene across end-user industries in the emerging APAC countries,” says Faisal Ghaus, Vice President of TechNavio.
“The low cost of raw materials and labor in the region will result in reduced operating costs. Therefore, any capacity enhancement is bound to boost overall market growth.”
Key Market Drivers
- Increased Demand for Toluene from Emerging Countries
- Growing Market in APAC Region
- Widening End-user Base of Toluene
Key Market Trends
- Exponential Growth in Toluene Market in China
- Capacity Additions in APAC Region
- Decrease in Demand from Developed Countries
Key Market Vendors
- BASF SE
- BorsodChem Zrt.
- Petroquimica Rio Tercero SA
- Reliance Industries Ltd.
- Royal Dutch Shell plc
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
