The latest report titled “Toluene manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Toluene.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Toluene manufacturing process, that might influence Toluene manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Toluene (C₆H₅CH₃), a paint or tinner-like odour, is a colourless substituted aromatic hydrocarbon, also called toluol, that naturally occurs via the processing of petroleum or petrochemical. It is the main ingredient in glues, gasoline, and paint products. It is insoluble in water and explosive in nature. It has a molecular weight of 92.14 g/mol and a density of 867 kg/m3. Its respective boiling and melting point are 110.6 °C and -95 °C.
Toluene is mainly used as a solvent for carbon nanomaterials, nanotubes, and fullerenes. Its demand is rising further due to its growing use in gasoline blends, as it works like an octane booster and regulates the amount of energy in gasoline. Furthermore, as a fuel, it is used in heavily loaded engines owing to its high-octane ratings and low sensitivity properties. In addition, the rising demand for aromatics in the petrochemical industry further boosts the market growth. Also, factors like increasing disposable incomes and expanding end-user industries like cosmetics, agrochemicals, and explosives will have a positive impact on the product demand.
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