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Europe Toluene Market: By Technology: Reformation Process, Pygas Process, Coke/Coal Process, Styrene Process; By Application: Gasoline, STDP/TPX, Solvents, Trans Alkylation (TA), Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Europe Toluene Market Outlook
The Europe toluene market is being aided by the global toluene market, which is expected to grow at a CAGR of 5.4% in the forecast period of 2021-2026 to attain a value of USD 34.4 billion by 2026.
Rising Downstream Demand to Bolster the Toluene Market in Europe
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: Industry Definition and Segments
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:
- Reformation Process
- Pygas Process
- Coke/Coal Process
- Styrene Process
- Others
Based on application, the industry is divided into:
- Gasoline
- STDP/TPX
- Solvents
- Trans Alkylation (TA)
- Hydrodealkylation
- Toluene Diisocyanate (TDI)
- Toluene Disproportionation (TDP)
- Others
The regional markets for toluene in Europe are Germany, the United Kingdom, France, and Italy.
Rising Solvent Demand to Bolster the Toluene Industry Growth in Europe
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.
Key Industry Players in the Europe Toluene Market
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:
- Exxon Mobil Corporation
- Covestro AG
- TOTAL S.A.
- BASF SE
- Dow Chemical Company
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Europe
7 Industry Opportunities and Challenges
8 Global Toluene Market Overview
8.1 Key Industry Highlights
8.2 Global Toluene Historical Market (2016-2020)
8.3 Global Toluene Market Forecast (2021-2026)
8.4 Global Toluene Market by Application
8.5 Global Toluene Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Europe Toluene Market Analysis
9.1 Key Industry Highlights
9.2 Europe Toluene Historical Market (2016-2020)
9.3 Europe Toluene Market Forecast (2021-2026)
9.4 Europe Toluene Market by Technology
9.4.1 Reformation Process
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2016-2020)
9.4.1.3 Forecast Trend (2021-2026)
9.4.2 Pygas Process
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2016-2020)
9.4.2.3 Forecast Trend (2021-2026)
9.4.3 Coke/Coal Process
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2016-2020)
9.4.3.3 Forecast Trend (2021-2026)
9.4.4 Styrene Process
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2016-2020)
9.4.4.3 Forecast Trend (2021-2026)
9.4.5 Others
9.5 Europe Toluene Market by Application
9.5.1 Gasoline
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2016-2020)
9.5.1.3 Forecast Trend (2021-2026)
9.5.2 STDP/TPX
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2016-2020)
9.5.2.3 Forecast Trend (2021-2026)
9.5.3 Solvents
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2016-2020)
9.5.3.3 Forecast Trend (2021-2026)
9.5.4 Trans Alkylation (TA)
9.5.4.1 Market Share
9.5.4.2 Historical Trend (2016-2020)
9.5.4.3 Forecast Trend (2021-2026)
9.5.5 Hydrodealkylation
9.5.5.1 Market Share
9.5.5.2 Historical Trend (2016-2020)
9.5.5.3 Forecast Trend (2021-2026)
9.5.6 Toluene Diisocyanate (TDI)
9.5.6.1 Market Share
9.5.6.2 Historical Trend (2016-2020)
9.5.6.3 Forecast Trend (2021-2026)
9.5.7 Toluene Disproportionation (TDP)
9.5.7.1 Market Share
9.5.7.2 Historical Trend (2016-2020)
9.5.7.3 Forecast Trend (2021-2026)
9.5.8 Others
9.6 Europe Toluene Market by Country
9.6.1 Market Share
9.6.1.1 United Kingdom
9.6.1.2 Germany
9.6.1.3 France
9.6.1.4 Italy
9.6.1.5 Others
10 Regional Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2016-2020)
10.1.2 Forecast Trend (2021-2026)
10.2 Germany
10.2.1 Historical Trend (2016-2020)
10.2.2 Forecast Trend (2021-2026)
10.3 France
10.3.1 Historical Trend (2016-2020)
10.3.2 Forecast Trend (2021-2026)
10.4 Italy
10.4.1 Historical Trend (2016-2020)
10.4.2 Forecast Trend (2021-2026)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 EMR’s Key Indicators for Demand
11.4 EMR’s Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code - 290230)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Price Analysis
14.1 United Kingdom Historical Price Trends (2016-2020) and Forecast (2021-2026)
14.2 Germany Historical Price Trends (2016-2020) and Forecast (2021-2026)
14.3 France Historical Price Trends (2016-2020) and Forecast (2021-2026)
14.4 Italy Historical Price Trends (2016-2020) and Forecast (2021-2026)
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Exxon Mobil Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Covestro AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 TOTAL S.A.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 BASF SE
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Dow Chemical Company
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Figures and Tables
1. Global Toluene Market: Key Industry Highlights, 2016 and 2026
2. Global Toluene Historical Market: Breakup by Region (USD Billion), 2016-2020
3. Global Toluene Market Forecast: Breakup by Region (USD Billion), 2021-2026
4. Europe Toluene Market: Key Industry Highlights, 2016 and 2026
5. Europe Toluene Historical Market: Breakup by Technology (USD Billion), 2016-2020
6. Europe Toluene Market Forecast: Breakup by Technology (USD Billion), 2021-2026
7. Europe Toluene Historical Market: Breakup by Application (USD Billion), 2016-2020
8. Europe Toluene Market Forecast: Breakup by Application (USD Billion), 2021-2026
9. Europe Toluene Historical Market: Breakup by Country (USD Billion), 2016-2020
10. Europe Toluene Market Forecast: Breakup by Country (USD Billion), 2021-2026
11. Europe Toluene Market Structure
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