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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.
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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.
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.
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On the basis of technology, the global toluene market is segmented into:
Based on applications, the toluene market is categorised as:
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.
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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.
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:
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
In 2022, the global toluene market attained a value of nearly USD 26.94 billion.
The market is projected to grow at a CAGR of 5.3% between 2023 and 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.
The major drivers of the market are rising demand for toluene in construction activities, rapid industrialisation, and expansion in the end-use industries.
The key trends guiding the growth of the market include the adoption of new technologies and improvements in manufacturing processes.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Reformation process, pygas process, coke/coal process, and styrene process are the leading technologies in the market.
The various applications of toluene in the market are gasoline, STDP/TPX, solvents, trans alkylation (TA), hydrodealkylation, toluene diisocyanate (TDI), and toluene disproportionate (TDP).
The major players in the global toluene market are Exxon Mobil Corporation, Versalis S.p.A., and Chevron Phillips Chemical Company, among others.
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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