Toluene Market
Regions Covered
USA
SEA
Europe
Regions Covered
USA
SEA
Europe
The global toluene market is currently well supplied, and the demand is expected to grow at a CAGR of 3.2 percent, mainly driven by the growing demand for solvents and fuel additives in Asia .Capacity additions of about 3 MMT can be expected during 2017–2022, particularly from the Middle Eastern and Asian regions. Demand for gasoline is expected to increase in Asia and other developing nations, which is more likely to exert pressure on the availability of toluene for conversion into xylene and benzene. This is expected to decrease toluene for xylene conversion, and thus hamper the PET production.
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