Toluene, also known as methylbenzene or phenyl methane, is a clear, water-resistant liquid with a distinctive sweet scent. Belonging to the aromatic hydrocarbons chemical class, it’s a volatile organic compound often derived from petroleum and widely utilized as a solvent across various industrial and consumer applications.
Its composition, C7H8, brings about a molecular weight of 92.14 g/mol. With a freezing point of -95 °C (-139 °F) and a boiling point of 110.6 °C (231.1 °F), toluene possesses a density of 0.87 g/cm3 at room temperature. It remains insoluble in water while displaying solubility in most organic solvents.
This compound exhibits low viscosity and surface tension, being highly flammable and capable of forming explosive mixtures with air. Its flash point stands at 4.4 °C (39.9 °F), and it autoignites at a temperature of 535 °C (995 °F).
The primary toluene-producing nations globally include the United States, China, South Korea, Taiwan, and Japan.
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Key Details About the Toluene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Toluene price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Toluene Price trends, including India’s Toluene price, USA’s Toluene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Toluene Price Trend:
Toluene serves as a solvent in various products like paints, varnishes, adhesives, and inks. Its versatility extends to polymer and synthetic fiber production. Additionally, it plays a role in aviation fuels as an additive, serves as a precursor for manufacturing benzene and other compounds, and finds use in industrial cleaning and degreasing processes.
Moreover, toluene is a common ingredient in chromatography solvents and serves as a solvent for various organic substances in laboratory settings.
Key Players:
- Shell Chemicals
- Reliance Industries Limited
- China National Petroleum Corporation
- Exxon Mobil Corporation
- Valero Marketing and Supply Company
News and Events:
- December 27, 2022: Officials from the Department of Factories inspected the accident site at Laurus Labs in JN Pharmacity in the Anakapalli district. According to preliminary results, the disaster could have been triggered by a leak of extremely flammable toluene solvent.
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