Reports

Toluene Market

Global Toluene Market: By Technology: Reformation Process, Pygas Process, Coke/Coal Process, Styrene Process; By application; Regional Analysis; Historical Market and Forecast (2018-2028); 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 26.94 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 5.3% to reach USD 36.7 billion by 2028.        

 

Global Toluene Market

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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 2020. Based on the application, the gasoline segment accounted for the largest market share in 2020, owing to the increasing usage of toluene as an additive in gasoline. Regionally, the Asia Pacific dominated the global toluene market in 2020, 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.

 

Global Toluene Market By Technology

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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.

 

Global Toluene Market By Region

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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.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Application, Region
Breakup by Technology Reformation Process, Pygas Process, Coke/Coal Process, Styrene Process
Breakup by Application Gasoline, STDP/TPX, Solvents, Trans Alkylation (TA), Hydrodealkylation, Toluene Diisocyanate (TDI), Toluene Disproportionation (TDP)
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Exxon Mobil Corporation, Versalis S.p.A., Chevron Phillips Chemical Company, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Toluene Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Toluene Historical Market (2018-2022) 
    8.3    Global Toluene Market Forecast (2023-2028)
    8.4    Global Toluene Market by Technology
        8.4.1    Reformation Process
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Pygas Process
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Coke/Coal Process
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Styrene Process
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
    8.5    Global Toluene Market by Application
        8.5.1    Gasoline
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    STDP/TPX
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Solvents
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Trans Alkylation (TA)
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Hydrodealkylation
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Toluene Diisocyanate (TDI)
            8.5.6.1    Historical Trend (2018-2022)
            8.5.6.2    Forecast Trend (2023-2028)
        8.5.7    Toluene Disproportionation (TDP)
            8.5.7.1    Historical Trend (2018-2022)
            8.5.7.2    Forecast Trend (2023-2028)   
    8.6    Global Toluene Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2022) 
            8.6.5.2    Forecast Trend (2023-2028)
9    North America Toluene Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Toluene Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Toluene Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America  Toluene Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Toluene Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Analysis (HS Code - 290230)
    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18    Manufacturing Process
    18.1    Overview
    18.2    Detailed Process Flow
    18.3    Operation Involved
19    Competitive Landscape
    19.1    Market Structure
    19.2    Company Profiles
        19.2.1    Exxon Mobil Corporation
            19.2.1.1    Company Overview
            19.2.1.2    Product Portfolio
            19.2.1.3    Demographic Reach and Achievements
            19.2.1.4    Certifications
        19.2.2    Versalis S.p.A.
            19.2.2.1    Company Overview
            19.2.2.2    Product Portfolio
            19.2.2.3    Demographic Reach and Achievements
            19.2.2.4    Certifications
        19.2.3    Chevron Phillips Chemical Company
            19.2.3.1    Company Overview
            19.2.3.2    Product Portfolio
            19.2.3.3    Demographic Reach and Achievements
            19.2.3.4    Certifications
        19.3.4    Others
20    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Toluene Market: Key Industry Highlights, 2018 and 2028
2.    Global Toluene Historical Market: Breakup by Technology (USD Million), 2018-2022
3.    Global Toluene Market Forecast: Breakup by Technology (USD Million), 2023-2028
4.    Global Toluene Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Toluene Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Toluene Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Toluene Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Toluene Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Toluene Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Toluene Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Toluene Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Toluene Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Toluene Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Toluene Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Toluene Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Toluene Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Toluene Forecast: Breakup by Country (USD Million), 2023-2028
18.    Major Importing Countries by Volume (2020)
19.    Major Exporting Countries by Volume (2020)
20.    Major Importing Countries by Value (2020)
21.    Major Exporting Countries by Value (2020)
22.    North America Historical Price Trends and Forecast 2018-2028
23.    Europe Historical Price Trends and Forecast 2018-2028
24.    Asia Pacific Historical Price Trends and Forecast 2018-2028
25.    Latin America Historical Price Trends and Forecast 2018-2028
26.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
27.    Global Toluene Market Structure

Key Questions Answered in the Report

What was the global toluene market size in 2022?

In 2022, the global toluene market attained a value of nearly USD 26.94 billion.

What is the growth rate of the global toluene market?

The market is projected to grow at a CAGR of 5.3% between 2023 and 2028.

What is the forecast outlook of the global toluene market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach around USD 36.7 billion by 2028.

What are the major market drivers?

The major drivers of the market are rising demand for toluene in construction activities, rapid industrialisation, and expansion in the end-use industries.

What are the key trends of the market?

The key trends guiding the growth of the market include the adoption of new technologies and improvements in manufacturing processes.

What are the major regional markets for toluene, according to the market report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading technologies in the market?

Reformation process, pygas process, coke/coal process, and styrene process are the leading technologies in the market.

What are the various applications of toluene?

The various applications of toluene in the market are gasoline, STDP/TPX, solvents, trans alkylation (TA), hydrodealkylation, toluene diisocyanate (TDI), and toluene disproportionate (TDP).

Who are the key market players, according to the report?

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

Analyst Review

The global toluene market attained a value of USD 26.94 billion in 2022, 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 2023-2028, growing at a CAGR of 5.3%. The toluene market is projected to reach USD 36.7 billion by 2028.        
 
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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