Toluenesulfonyl Chloride Market Size, Growth Strategies, Competitive Landscape, Factor Analysis, 2021–2027

 


The Global Toluenesulfonyl Chloride market is forecast to reach USD 39.85 Billion by 2027, according to a new report by Reports and Data. Toluenesulfonyl Chloride is also known as toluol, is a colorless, aromatic hydrocarbon. It is a water-insoluble liquid with a smell similar to paint thinners. This organic compound is a mono-substituted benzene derivative comprising of a CH3 group attached to the phenyl group. This colorless organic compound’s IUPAC systematic name is methylbenzene. The compound occurs as a byproduct in the production of gasoline by an ethylene cracker or catalytic reformer and naturally at low levels in crude oil. Toluol is also a byproduct of the production of coke from coal. The compound witnesses extensive application as a solvent and as an industrial feedstock. One major use is as a precursor to benzene and xylene. It is used as a solvent in contact cement, permanent markers, and paint thinner. It is also used as a recreational inhalant, which carries the risk of causing neurological damage. The nitration of the compound provides with mono-, di-, and trinitroToluenesulfonyl Chloride, which are also extensively used. Thus, factors like the rising demand for Toluenesulfonyl Chloride among end-users, a large number of derivatives, and expansion of the dyes industry in the Asia Pacific region are some of the factors propelling the market growth.

In regards to region, North America can be seen to occupy a significant share of the market. The market share occupied by the region is resultant of expanding automotive sector, associated elevating demand for consumer goods, and the rising number of construction activities which are supporting the growth of the market in this region. 

 Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2503

Further key findings from the report suggest

  • The Toluenesulfonyl Chloride market held a market share of USD 27.10 Billion in the year 2018 that is forecasted to grow at a rate of 4.3% during the forecast period.
  • In context to Derivatives, the Toluenesulfonyl Chloride Diisocynate [TDI] segment is projected to witness the fastest growth rate of 5.2% during the forecast period, which is expected to hold, 16.2% of the market by 2027. The growth rate witnessed by the Toluenesulfonyl Chloride Diisocynate [TDI] segment is attributed to the rising demand for PU foam for insulating applications in construction, automotive sectors, wherein TDI forms an integral aspect in manufacturing these foams.
  • In context to End-user, the Oil & gas segment held the largest market share of more than 30.0% in 2018, with a growth rate of 4.4% during the forecast period. The market dominance of the Oil & gas segment is attributed to the fact that this organic compound is a natural substance of crude oil & gasoline, which results in its elevated use in this industry. Furthermore, its use in enhancing the quality of petrol also contributes to the segment’s occupied market share.
  • In regards to Application, the Foams segment is projected to witness the fastest CAGR of 5.5% during the forecast period, which is expected to occupy 14.5% of the market by 2027. The rising demand for PU foam for insulating applications in oil & gas, construction, and automotive sectors results in the increasing demand for the compound in this segment, which requires TDI for the product of these foams.
  • In regards to the region, Europe held 24.0% of the market in 2018, with a CAGR of 4.0% during the forecast period. The market share held by the region is resultant of well-established automotive sector and expanding construction industry.
  • Key participants include Covestro AG, Exxon Mobil Corporation, SK Innovation Co., Ltd, BP PLC, BASF SE, SK Innovation Co., Ltd, China National Petroleum Corporation, Royal Dutch Shell PLC, CPC Corporation and Formosa Chemicals & Fibre Corporation.

To know more about the report, visit @ https://www.reportsanddata.com/report-detail/toluene-market

For the purpose of this report, Reports and Data have segmented the global Toluenesulfonyl Chloride market according to Derivatives, End-user, Application, and Region:

Derivatives Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

  • Benzene and Xylene
  • Toluenesulfonyl Chloride Diisocynate [TDI]
  • Gasoline
  • Others

End-User Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

  • Construction
  • Oil & gas
  • Healthcare
  • Packaging
  • Automotive
  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

  • Fuel additives
  • Paints & coatings
  • Heating oil
  • Cleaning Agent
  • Foams
  • Polymer production
  • Others

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2503

The report on the global Toluenesulfonyl Chloride market provides a comprehensive analysis of the market opportunities, market share, market size, global landscape, market dynamics, industrial chain analysis, market growth, revenue growth, and current and emerging market trends. It also covers a comprehensive analysis of the market drivers and restraining factors, opportunities, growth prospects, and technological advancements in the market.

The regional analysis offers a better understanding of the market’s scope in key geographical regions of the world. It presents valuable and actionable insights about the production and consumption pattern, supply and demand ratio, sales, market share and size, and the presence of the key players in each region. The report covers key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It also sheds light on the regions expected to show lucrative growth in the projected timeframe.

Thank you for reading our report. For further queries, please connect with us to know more about the report and its customization. Our team will ensure the report is customized accurately to meet your requirements.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Power and Energy, and Chemicals. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W.

Head of Business Development

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Reports and Data | Web: www.reportsanddata.com

Connect with us:  Facebook| LinkedIn | Twitter

Comments

Post a Comment

Popular posts from this blog

3D Concrete Printing Market Analysis, Top Key Players, and Industry Statistics, 2021-2026

  Global 3D Concrete Printing Market Forecast to 2026 The Global 3D Concrete Printing Market report presents a comprehensive analysis of the 3D Concrete Printing Market by offering valuable insights to assist the businesses and key players in formulating fruitful strategies during the forecast timeline of 2020-2026. The report studies the historical data to provide an assessment of key segments and sub-segments, revenue, industrial chain analysis, and demand and supply data. The report also sheds light on the technological breakthroughs and product advancements happening in the Micro Battery market. According to the report, the Micro Battery industry is likely to witness significant growth over the projected timeline. The report also covers the impact of the COVID-19 pandemic on the 3D Concrete Printing Market and major segments. The pandemic has affected every industry vertical either positively or negatively. The report discusses in detail the changes in the demands and tren...
Read more

Sodium-Ion Battery Market Revenue, Demand, Share, Size | Global Industry Analysis and Research Report

Image
  Global Sodium-Ion Battery Market Forecast to 2028 The Global Sodium-Ion Battery Market report presents a comprehensive analysis of the Sodium-Ion Battery market by offering valuable insights to assist the businesses and key players in formulating fruitful strategies during the forecast. The report studies the historical data to provide an assessment of key segments and sub-segments, revenue, industrial chain analysis, and demand and supply data. The report also sheds light on the technological breakthroughs and product advancements happening in the Sodium-Ion Battery market. According to the report, the Sodium-Ion Battery industry is likely to witness significant growth over the projected timeline. The report also covers the impact of the COVID-19 pandemic on the Sodium-Ion Battery market and major segments. The pandemic has affected every industry vertical either positively or negatively. The report discusses in detail the changes in the demands and trends and the major cha...
Read more

Shale oil Market Forecast to 2026 | Global Industry Report

Image
  The Global Shale oil Market report released by Reports and Data encompasses vital aspects of the Shale oil market and offers critical insights about the market size, share, global spread, trends, demands, and opportunities. The report discusses in detail the competitive landscape of the market on both the regional and global scale. It analyzes the key regions and market segments to offer a better understanding of the competitive scenario. Moreover, the report discusses in detail the latest product and technological advancements to offer a comprehensive understanding of the Shale oil market. Furthermore, it sheds light on the lucrative growth opportunities and investments to assist the readers and businesses in developing strategic expansion plans. It also helps readers gain maximum return on their investments. The report is further attuned to the latest market scenario pertaining to the COVID-19 pandemic and its impact on the key segments of the Shale oil market. The report an...
Read more