Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Derivation Type (Benzene & Xylene, Toluene Diisocyanates, Solvents, Gasoline Additives, Others), By Production Process (Reformate Process, Pygas Process, Coke/Coal Process, Styrene Process), By Application (Drugs, Dyes, Blending, Cosmetic Nail Products, Others) And Competitive Landscape
Product Code: ETC079564 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Latin America Toluene Market is anticipated to gain growth in the coming years. Latin America is known for its minerals and other raw materials. Mining and manufacturing are prime industry in this region. Latin America is one of the largest exporters and importer of pure Toluene to international markets. Big auto industries such as Nissan, Renault, Honda, Hyundai, Mitsubishi, Chrysler and Audi have their manufacturing plant in this region. Product such as solvent in paints, lacquers, thinners, glues, correction fluid have huge demand. These products are mainly produced with the base raw material toluene. Toluene is also used in printing and leather tanning processes. So, it drives the total toluene market. Outbreak of covid-19, the Aromatics markets in Latin America are facing challenging as there is no demand at the time and most of the countries stop importing and exporting the product. In the region the toluene market prices are moving close to blend value as discouraging chemical demand for these products is encouraging refiners to keep larger portions of their toluene production in the gasoline pool rather than extract them for the chemical markets. Supply chain in this region is affected because of China builds its capacity across the aromatics chain. Many of the import cargoes are targeted to Asia-pacific region, as of covid-19 faced huge loss.
According to 6Wresearch, Latin America Toluene Market size is anticipated to register growth during 2021-2027. Argentina, Brazil, Chile, and Mexico have been the most heavily industrialized countries without the toluene the products cannot be fulfilled. Brazil is the largest market in this region. There are lot of small players more of them of middle mans. Some of the key players are Braskem, BASF, ALPEK, Quattor, Mexichem, Dow brasil, Fertipar. The closure of the toluene diisocyanate (TDI) plant in Brazil by Dow has affected the region slightly. In this region after the 2020 pandemic, the demand is not high as old. Companies don’t go for large production. They are producing in limited basis.
TDI is one of the principal ingredients used in the production of flexible polyurethane foams. The mining sector is one of the biggest sectors in this region, here toluene is used to produce TDI which are flammable in nature. In this region TDI market never goes off. High demand in the styrenics chain has resulted in lengthening availability for styrene and its primary made with the help of benzene. Benzene plays major role in this region. New benzene capacity in Asia has also put downward pressure on global benzene pricing. The product of Toluene has a great demand than toluene in this region. The product can also made without the ingredient of toluene. This is major constrain in this region. Solvents are the biggest players in this region, as it was used from manufacturing to the end-user industry. Solvents are widely used in construction, Automobile, pharmaceuticals, Ink manufacture and Textiles etc.
The Latin America toluene market report thoroughly covers the market by product type, distribution channels, and countries including Brazil, Argentina, Colombia, Chile among other countries. The Latin America toluene market outlook report provides an unbiased and detailed analysis of the on-going Latin America toluene market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Toluene Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Toluene Market Revenues & Volume, 2020 & 2027F |
3.3 Latin America Toluene Market - Industry Life Cycle |
3.4 Latin America Toluene Market - Porter's Five Forces |
3.5 Latin America Toluene Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Latin America Toluene Market Revenues & Volume Share, By Derivation Type, 2020 & 2027F |
3.7 Latin America Toluene Market Revenues & Volume Share, By Production Process, 2020 & 2027F |
3.8 Latin America Toluene Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Latin America Toluene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Toluene Market Trends |
6 Latin America Toluene Market, 2017 - 2027 |
6.1 Latin America Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
6.2 Latin America Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
6.3 Latin America Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
7 Brazil Toluene Market, 2017 - 2027 |
7.1 Brazil Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
7.2 Brazil Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
7.3 Brazil Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
8 Mexico Toluene Market, 2017 - 2027 |
8.1 Mexico Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
8.2 Mexico Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
8.3 Mexico Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Argentina Toluene Market, 2017 - 2027 |
9.1 Argentina Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
9.2 Argentina Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
9.3 Argentina Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Rest of Latin America Toluene Market, 2017 - 2027 |
10.1 Rest of Latin America Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
10.2 Rest of Latin America Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
10.3 Rest of Latin America Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Latin America Toluene Market Key Performance Indicators |
12 Latin America Toluene Market - Opportunity Assessment |
12.1 Latin America Toluene Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Latin America Toluene Market Opportunity Assessment, By Derivation Type, 2020 & 2027F |
12.3 Latin America Toluene Market Opportunity Assessment, By Production Process, 2020 & 2027F |
12.4 Latin America Toluene Market Opportunity Assessment, By Application, 2020 & 2027F |
13 Latin America Toluene Market - Competitive Landscape |
13.1 Latin America Toluene Market Revenue Share, By Companies, 2020 |
13.2 Latin America Toluene Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |