PUBLISHER: IMARC | PRODUCT CODE: 1347396
PUBLISHER: IMARC | PRODUCT CODE: 1347396
Toluene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global toluene market size reached US$ 27.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.29% during 2023-2028.
Toluene, also known as toluol and methylbenzene, is a colorless, water-insoluble liquid, with a benzene-like odor. It exhibits beta-oxidant, depressant, hepatoprotective, anesthetic, and neurotransmitter properties. Toluene is an aromatic hydrocarbon that is used in many industrial applications, mostly as a solvent and industrial feedstock. It is also used in the explosives industry to manufacture flammable compounds and in the production of hair dyes. Moreover, due to its low sensitivity characteristics and high-octane ratings, toluene is considered as an ideal fuel for heavily loaded engines.
Global Toluene Industry Drivers:
The growing applications of toluene and its derivatives in numerous industries represent the key growth inducing factors for the market. Besides, the wider use of toluene in gasoline blends, where it acts as octane booster and maintains the energy content of gasoline, has augmented the market growth. Additionally, the surging demand for aromatics in the petrochemical industry for the production of synthetic fibres, elastomers, agrochemicals, dyes, nail paints, etc. is driving the global toluene market globally. Apart from this, expansion in the end-use industries, particularly in the emerging markets, such as China, India, etc., has resulted in an augmented demand for toluene.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global toluene market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on technology and application.
Breakup by Technology:
Reformation Process
Pygas Process
Coke/Coal Process
Styrene Process
The report has segmented the market on the basis of technology into reformate process, pygas process, coke/coal process, and styrene process.
Breakup by Application:
Gasoline
STDP/TPX
Solvents
Trans Alkylation (TA)
Hydrodealkylation
Toluene Diisocyanate (TDI)
Toluene Disproportionation (TDP)
Others
Based on the application, gasoline represents the largest segment
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
On a regional-basis, Asia Pacific is the leading market. Other major regions include North America, Europe, Middle East and Africa, and Latin America. Based on the import-export scenario of the market, the report finds that China is the largest importer whereas Japan is the largest exporter.
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key global players being Exxon Mobil Corporation, SK Global, British Petroleum, Versalis, Compania Espanola De Petroleos Sau, BASF, Covestro, BP PLC, and Royal Dutch Shell Plc.
This report provides a deep insight into the global toluene market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the toluene industry in any manner.
Key Questions Answered in This Report:
- How has the global toluene market performed so far and how will it perform in the coming years?
- What are the key regions in the global toluene market?
- What has been the impact of COVID-19 on the global toluene market?
- What are the key application segments in the global toluene market?
- Which are the popular technology types in the global toluene market?
- What are the import and export trends of toluene?
- What are the various stages in the value chain of the global toluene market?
- What are the key driving factors and challenges in the global toluene market?
- What is the structure of the global toluene market and who are the key players?
- What is the degree of competition in the global toluene market?
- How is toluene manufactured?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Properties
- 4.3 Key Industry Trends
5 Global Toluene Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Impact of COVID-19
- 5.4 Price Trends
- 5.5 Market Breakup by Technology
- 5.6 Market Breakup by Application
- 5.7 Market Breakup by Region
- 5.8 Market Forecast
- 5.9 SWOT Analysis
- 5.9.1 Overview
- 5.9.2 Strengths
- 5.9.3 Weaknesses
- 5.9.4 Opportunities
- 5.9.5 Threats
- 5.10 Value Chain Analysis
- 5.10.1 Overview
- 5.10.2 Research and Development
- 5.10.3 Raw Material Procurement
- 5.10.4 Manufacturing
- 5.10.5 Marketing
- 5.10.6 Distribution
- 5.10.7 End-Use
- 5.11 Porters Five Forces Analysis
- 5.11.1 Overview
- 5.11.2 Bargaining Power of Buyers
- 5.11.3 Bargaining Power of Suppliers
- 5.11.4 Degree of Competition
- 5.11.5 Threat of New Entrants
- 5.11.6 Threat of Substitutes
6 Market Breakup by Technology
- 6.1 Reformation Process
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Pygas Process
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Coke/Coal Process
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Styrene Process
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Application
- 7.1 Gasoline
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 STDP/TPX
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Solvents
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Trans Alkylation (TA)
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Hydrodealkylation
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Toluene Diisocyanate (TDI)
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Toluene Disproportionation (TDP)
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 7.8 Others
- 7.8.1 Market Trends
- 7.8.2 Market Forecast
8 Market Breakup by Region
- 8.1 Asia Pacific
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 North America
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Europe
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Middle East and Africa
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Latin America
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Imports and Exports
- 9.1 Imports
- 9.2 Exports
10 Toluene Manufacturing Process
- 10.1 Product Overview
- 10.2 Raw Material Requirements
- 10.3 Manufacturing Process
- 10.4 Key Success and Risk Factors
11 Competitive Landscape
- 11.1 Market Structure
- 11.2 Key Players
- 11.3 Profiles of Key Players
- 11.3.1 Exxon Mobil Corporation
- 11.3.1.1 Company Overview
- 11.3.1.2 Description
- 11.3.1.3 Product Portfolio
- 11.3.1.4 Financials
- 11.3.1.5 SWOT Analysis
- 11.3.2 SK Group
- 11.3.2.1 Company Overview
- 11.3.2.2 Description
- 11.3.2.3 Product Portfolio
- 11.3.2.4 Financials
- 11.3.2.5 SWOT Analysis
- 11.3.3 British Petroleum
- 11.3.3.1 Company Overview
- 11.3.3.2 Description
- 11.3.3.3 Product Portfolio
- 11.3.3.4 Financials
- 11.3.3.5 SWOT Analysis
- 11.3.4 Versalis
- 11.3.4.1 Company Overview
- 11.3.4.2 Description
- 11.3.4.3 Product Portfolio
- 11.3.4.4 Financials
- 11.3.4.5 SWOT Analysis
- 11.3.5 Compania Espanola De Petroleos Sau
- 11.3.5.1 Company Overview
- 11.3.5.2 Description
- 11.3.5.3 Product Portfolio
- 11.3.5.4 Financials
- 11.3.3.5 SWOT Analysis
- 11.3.1 Exxon Mobil Corporation
List of Figures
- Figure 1: Global: Toluene Market: Major Drivers and Challenges
- Figure 2: Global: Toluene Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Toluene Market: Sales Volume (in Million Tons), 2017-2022
- Figure 4: Global: Toluene Market: Average Prices (in US$/Ton), 2017-2022
- Figure 5: Global: Toluene Market: Breakup by Technology (in %), 2022
- Figure 6: Global: Toluene Market: Breakup by Application (in %), 2022
- Figure 7: Global: Toluene Market: Production Breakup by Region (in %), 2022
- Figure 8: Global: Toluene Market: Consumption Breakup by Region (in %), 2022
- Figure 9: Global: Toluene Market Forecast: Sales Volume (in Million Tons), 2023-2028
- Figure 10: Global: Toluene Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 11: Global: Toluene Industry: SWOT Analysis
- Figure 12: Global: Toluene Industry: Value Chain Analysis
- Figure 13: Global: Toluene Industry: Porter's Five Forces Analysis
- Figure 14: Global: Toluene Market (Reformation Process): Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Toluene Market Forecast (Reformation Process): Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Toluene Market (Pygas Process): Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Toluene Market Forecast (Pygas Process): Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Toluene Market (Coke/Coal Process): Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Toluene Market Forecast (Coke/Coal Process): Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Toluene Market (Styrene Process): Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Toluene Market Forecast (Styrene Process): Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Toluene Market (Applications in Gasoline): Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Toluene Market Forecast (Applications in Gasoline): Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Toluene Market (Applications in STDP/TPX): Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Toluene Market Forecast (Applications in STDP/TPX): Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Toluene Market (Applications in Solvents): Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Toluene Market Forecast (Applications in Solvents): Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Toluene Market (Applications in Trans Alkylation -TA): Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Toluene Market Forecast (Applications in Trans Alkylation-TA): Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Toluene Market (Applications in Hydrodealkylation): Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Toluene Market Forecast (Applications in Hydrodealkylation): Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Toluene Market (Applications in Toluene Diisocyanate-TDI): Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Toluene Market Forecast (Applications in Toluene Diisocyanate-TDI): Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Toluene Market (Applications in Toluene Disproportionation-TDP): Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Toluene Market Forecast (Applications in Toluene Disproportionation-TDP): Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Toluene Market (Other Applications): Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Toluene Market Forecast (Other Applications): Sales Value (in Million US$), 2023-2028
- Figure 38: Asia Pacific: Toluene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Asia Pacific: Toluene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: North America: Toluene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: North America: Toluene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Europe: Toluene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Europe: Toluene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Middle East and Africa: Toluene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Middle East and Africa: Toluene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Latin America: Toluene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Latin America: Toluene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Global: Toluene: Import Breakup by Country (in %), 2021
- Figure 49: Global: Toluene: Export Breakup by Country (in %), 2021
- Figure 50: Toluene Manufacturing: Process Flow
List of Tables
- Table 1: Toluene: General Properties
- Table 2: Global: Toluene Market: Key Industry Highlights, 2022 and 2028
- Table 3: Global: Toluene Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 4: Global: Toluene Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Toluene Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Toluene: Import Data by Country, 2021
- Table 7: Global: Toluene: Export Data by Country, 2021
- Table 8: Toluene Manufacturing: Raw Material Requirements
- Table 9: Global: Toluene Market: Competitive Structure
- Table 10: Global: Toluene Market: Key Players
