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Global Toluene Market: By Technology: Reformation Process, Pygas Process, Coke/Coal Process, Styrene Process; By application; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Trade Data Analysis; Manufacturing Process; Competitive Landscape; Industry Events and Developments

Global Toluene Market Outlook

The global toluene market attained a value of USD 24.3 billion in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 5.3% to reach USD 33.1 billion by 2025.

On the basis of technology, the industry has been segregated into the reformation process, pygas process, coke/coal process, and styrene process. Amongst these, the reformation process dominated the industry in 2019. Based on the application, the gasoline segment accounted for the largest market share in 2019, owing to the increasing usage of toluene as an additive in gasoline. Regionally, the Asia Pacific dominated the global toluene market in 2019, owing to the rising demand for toluene in construction activities across various nations in the region.

 

Properties and Applications

Toluene is a colourless, water-insoluble liquid, with a benzene-like odour. It is an aromatic hydrocarbon that is used in many industrial applications, mostly as a solvent and industrial feedstock. Toluene exhibits beta-oxidant, hepatoprotective, depressant, anaesthetic, and neurotransmitter properties. It is also used in the production of hair dyes and in the explosives industry to manufacture flammable compounds. Moreover, owing to its low sensitivity characteristics and high-octane ratings, toluene is considered as an ideal fuel for heavily loaded engines. It is utilised in the production of trinitrotoluene (TNT), saccharin, and benzoic acid, which is expected to aid the industry growth. Also, it is utilised in the manufacturing of polymers used for making plastic soda bottles, nylon, and polyurethanes.

On the basis of technology, the global toluene market is segmented into:

  • Reformation Process
  • Pygas Process
  • Coke/Coal Process
  • Styrene Process

Based on applications, the toluene market is categorised as:

  • Gasoline
  • STDP/TPX
  • Solvents
  • Trans Alkylation (TA)
  • Hydrodealkylation
  • Toluene Diisocyanate (TDI)
  • Toluene Disproportionation (TDP)

The EMR report looks into the regions in the global toluene market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

 

Market Analysis

Toluene plays a vital role across many end-use industries, such as building and construction, rubber, printing, oil and gas, resins, leather, and pharmaceuticals, which is one of the prime factors driving the growth of the toluene market. Additionally, the rising application of toluene in the manufacturing of drugs and the blending of petrol offers significant market potential in the global toluene market. Furthermore, the surging demand for aromatics in the petrochemical industry for the production of elastomers, synthetic fibres, agrochemicals, nail paints, dyes, and others, is also driving the global toluene market globally. Apart from this, rapid industrialisation, and the expansion in the end-use industries, particularly in the emerging markets, such as China, India, and others, are positively influencing the industry growth. Moreover, India and China have witnessed major development in the chemical industry, owing to the constant growth in the economy and rising living standards. Further, the manufacturers of toluene are adopting new technologies to lower down its operating costs, enhance production efficiency and increase capacity, which is expected to further propel the industry growth.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global toluene market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Exxon Mobil Corporation
  • Versalis S.p.A.
  • Chevron Phillips Chemical Company
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

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    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Toluene Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Toluene Historical Market (2015-2019) 
    8.3    Global Toluene Market Forecast (2020-2025)
    8.4    Global Toluene Market by Technology
        8.4.1    Reformation Process
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Pygas Process
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Coke/Coal Process
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Styrene Process
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
    8.5    Global Toluene Market by Application
        8.5.1    Gasoline
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    STDP/TPX
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Solvents
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Trans Alkylation (TA)
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Hydrodealkylation
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2015-2019)
            8.5.5.3    Forecast Trend (2020-2025)
        8.5.6    Toluene Diisocyanate (TDI)
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2015-2019)
            8.5.6.3    Forecast Trend (2020-2025)
        8.5.7    Toluene Disproportionation (TDP)
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2015-2019)
            8.5.7.3    Forecast Trend (2020-2025)
    8.6    Global Toluene Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Market (2015-2019)
        9.3.2    Market Forecast (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code - 290230)
    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Price Analysis
    13.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
14    Manufacturing Process
    14.1     Detailed Process Flow
    14.2     Operations Involved
    14.3     Mass Balance
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players’ Market Share
    15.3    Company Profiles
        15.3.1    Exxon Mobil Corporation 
            15.3.1.1    Company Overview
            15.3.1.2    Product Portfolio
            15.3.1.3    Demographic Reach and Achievements
            15.3.1.4    Financial Summary
            15.3.1.5    Certifications
        15.3.2    Versalis S.p.A.
            15.3.2.1    Company Overview
            15.3.2.2    Product Portfolio
            15.3.2.3    Demographic Reach and Achievements
            15.3.2.4    Financial Summary
            15.3.2.5    Certifications
        15.3.3    Chevron Phillips Chemical Company
            15.3.3.1    Company Overview
            15.3.3.2    Product Portfolio
            15.3.3.3    Demographic Reach and Achievements
            15.3.3.4    Financial Summary
            15.3.3.5    Certifications
        15.3.4    Others
16    Industry Events and Developments

 

List of Figures and Tables

1.    Global Toluene Market: Key Industry Highlights, 2015 and 2025
2.    Global Toluene Historical Market: Breakup by Technology (USD Million), 2015-2019
3.    Global Toluene Market Forecast: Breakup by Technology (USD Million), 2020-2025
4.    Global Toluene Historical Market: Breakup by Application (USD Million), 2015-2019
5.    Global Toluene Market Forecast: Breakup by Application (USD Million), 2020-2025
6.    Global Toluene Historical Market: Breakup by Region (USD Million), 2015-2019
7.    Global Toluene Market Forecast: Breakup by Region (USD Million), 2020-2025
8.    North America Toluene Historical Market: Breakup by Country (USD Million), 2015-2019
9.    North America Toluene Market Forecast: Breakup by Country (USD Million), 2020-2025
10.    Europe Toluene Historical Market: Breakup by Country (USD Million), 2015-2019
11.    Europe Toluene Market Forecast: Breakup by Country (USD Million), 2020-2025
12.    Asia Pacific Toluene Historical Market: Breakup by Country (USD Million), 2015-2019
13.    Asia Pacific Toluene Market Forecast: Breakup by Country (USD Million), 2020-2025
14.    Latin America Toluene Historical Market: Breakup by Country (USD Million), 2015-2019
15.    Latin America Toluene Market Forecast: Breakup by Country (USD Million), 2020-2025
16.    Middle East and Africa Toluene Historical Market: Breakup by Country (USD Million), 2015-2019
17.    Middle East and Africa Toluene Forecast: Breakup by Country (USD Million), 2020-2025
18.    Major Importing Countries by Volume (2019)
19.    Major Exporting Countries by Volume (2019)
20.    Major Importing Countries by Value (2019)
21.    Major Exporting Countries by Value (2019)
22.    North America Historical Price Trends and Forecast 2015-2025
23.    Europe Historical Price Trends and Forecast 2015-2025
24.    Asia Pacific Historical Price Trends and Forecast 2015-2025
25.    Latin America Historical Price Trends and Forecast 2015-2025
26.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
27.    Global Toluene Market Structure

Key Questions Answered in the Report

In 2019, the global toluene market attained a value of nearly USD 24.3 billion.

The market is projected to grow at a CAGR of 5.3% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 33.1 billion by 2025.

The major drivers of the industry, such as the rising demand for toluene in construction activities, rapid industrialisation, and expansion in the end-use industries, are expected to aid the market growth.

The key industry trend guiding the growth of the toluene market includes the adoption of new technologies, especially in the manufacture of the product.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest market share.

Reformation process is the leading technology in the industry.

The gasoline segment is the leading application segment of toluene.

The major players in the industry are Exxon Mobil Corporation, Versalis S.p.A., Chevron Phillips, and Chemical Company, among others.

Analyst Review

The global toluene market attained a value of USD 24.3 billion in 2019, driven by the rising demand for toluene in construction activities. Aided by the adoption of new technologies, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 5.3%. The toluene market is projected to reach USD 33.1 billion by 2025.
 
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its technology, the industry can be segmented into the reformation process, pygas process, coke/coal process, and styrene process. On the basis of applications, the gasoline segment accounts for the leading share in the industry. The major regional markets for toluene are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the industry. The key players in the above market include Exxon Mobil Corporation, Versalis S.p.A., Chevron Phillips Chemical Company, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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