The Europe toluene market is being aided by the global toluene market, which is expected to grow at a CAGR of 5.40% in the forecast period of 2025-2034 to attain a value of USD 47.17 Billion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
5.4%
2025-2034
*this image is indicative*
The European Union is a major exporter of toluene to countries like the United States, African and Middle Eastern countries owing to the surplus supply. The European Union, however, is likely to become a net importer in the coming years due to the changing feedstock dynamics. In order to meet about 10% of its regional demand, the European Union significantly relies on imports from the United States and other regions.
The toluene market in Europe is majorly impacted by the growing demand for benzene, which is being aided by the growth of downstream application sectors like automobiles, construction, and personal care. The increasing demand for mixed xylene is also positively affecting the market demand for toluene. The European market is witnessing a positive demand from the gasoline blend segment. The application of toluene as an intermediate for other chemicals accounts for the majority of its use in the European Union.
Toluene, or toluol, is an aromatic hydrocarbon. It is a colourless, water-insoluble fluid with the smell of paint thinners. Its systematic IUPAC name is methylbenzene due to being a mono-substituted benzene derivative, which consists of a phenyl group with a group of attached CH3.
By technology, the market is segmented into:
Based on application, the industry is divided into:
Market Breakup by Region:
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The toluene market in Europe is majorly being driven by the rising demand for the product as a solvent. The rising demand for toluene is being aided by the demand for its conversion to benzene. The growing markets for products like paint thinners, nail polish removers, correction fluids, hair dyes, and glues is further aiding the growth of the toluene market in Europe.
The product is also widely used in the explosives industry, which is growing at a fast pace due to increased mining activities. The explosives industry is significantly growing, globally as well as in Europe. The use of toluene in the production of flammable and explosive compounds like TNT is providing a further impetus to the market growth. The regional industry is also being propelled by the rapidly growing textile industry, which uses toluene as a solvent.
The market for toluene is expected to be boosted by the rising economy of Europe in the coming years. The demand for toluene is further being boosted by the rising industrial sector in the region. The growing pharmaceuticals sector within the region is also expected to catalyse the market growth.
The report gives a detailed analysis of the following key players in the Europe toluene market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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The Europe toluene market is being aided by the global toluene market, which is expected to grow at a CAGR of 5.40% in the forecast period of 2025-2034.
The Europe toluene market is being aided by the global toluene market, which is expected to attain a value of USD 47.17 Billion by 2034.
The major drivers of the market include the rising demand for benzene, the increasing use of mixed xylene, and the growing applications of toluene as a chemical intermediate.
The key trends guiding the market are the growing demand for benzene as a solvent, the rising use of benzene in the explosives sector, and the increasing economic growth of Europe.
The major countries in Europe market are Germany, France, the United Kingdom, and Italy, among others.
The various technologies of toluene considered in the market report are reformation process, pygas process, coke/coal process, and styrene process, among others.
The significant applications of toluene include gasoline, STDP/TPX, solvents, trans alkylation (TA), hydrodealkylation, toluene diisocyanate (TDI), and toluene disproportionation (TDP), among others.
The major players in the market are Exxon Mobil Corporation, Covestro AG, TOTAL S.A., BASF SE, and Dow Chemical Company, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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