Mayur S
- By Type: Benzene and Xylene, Toluene Diisocyanates, Solvents, Gasoline Additives, and Others. Benzene and xylene conversion dominates by volume, driven by the enormous downstream demand for polyester, styrene, and phenol derivatives. TDI is the fastest-growing type segment, scaling with global polyurethane foam consumption growth.
- By Application: Blending, Dyes, Drugs, Cosmetics, and Others. Blending represents the largest application share by volume, anchored by gasoline reformulation demand across major fuel markets. Drugs and cosmetics are higher-value applications where toluene-derived intermediates command premium pricing and are less exposed to commodity price cycles.
- BASF SE
- China Petrochemical Corporation
- Covestro AG
- CPC Corporation Limited
- Exxon Mobil Corporation
- Formosa Plastics Corporation
- LyondellBasell Industries Holdings B.V.
- Mitsubishi Chemical Corporation
- Nova Chemicals
- Royal Dutch Shell PLC
Source: PR News Releaser
