Global Toluene - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2027
Regional Analysis Asia pacific is estimated to be the largest toluene market followed by North America and Europe due to strong existence of crude oil reserves which reduces the raw material demand gap for toluene market. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for toluene in gasoline additive manufacturing. In North America, countries such as U.S. and Canada are the fastest growing market for toluene, and is estimated to grow with the same pace over the forecast period. Rising demand for solvent segment to manufacture paints & coatings, adhesives and industrial cleaning agents is predicted to contribute to the regional market growth. In Middle East & Africa, U.A.E, Saudi Arabia and Kuwait are among the major contributors in the regional market growth due to expansion of oil & gas offshore and onshore activities as well as increasing innovations. In South America, Mexico is expected to register stro