Picture

Questions?

+1-866-353-3335

SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: The Business Research Company | PRODUCT CODE: 1209964

Cover Image

PUBLISHER: The Business Research Company | PRODUCT CODE: 1209964

Toluene Global Market Report 2023

Published: Pre-Order
PAGES: 175 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
PDF (Single User License)
USD 4000
PDF (Site License)
USD 6000
PDF (Enterprise License)
USD 8000

Add to Cart

“Toluene Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on toluene market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for toluene ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The toluene market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Benzene and Xylene; Solvents; Gasoline Additives; TDI (Toluene diisocyanate); Trinitrotoluene; Benzoic acid; Benzaldehyde

2) By Production Process: Reformation Process; Pigs Process; Coke/Coal Process; Styrene Process

3) By Application: Drugs; Dyes; Blending; Cosmetic Nail Products; Other Applications (TNT, Pesticides, and Fertilizers)

4) By End User Industry: Building and Construction; Automotive; Oil and Gas; Consumer Appliances

Companies Mentioned: Exxon Mobil Corporation; Sinopec; Royal Dutch Shell PLC; Reliance Industries; BASF SE

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the toluene market are: Exxon Mobil Corporation, Sinopec, Royal Dutch Shell PLC, Reliance Industries, BASF SE, Valero Energy, BP Chemicals, China National Petroleum, Mitsui Chemicals, Chevron Phillips, and Nova Chemicals.

The global toluene market will grow from $29.24 billion in 2022 to $29.89 billion in 2023 at a compound annual growth rate (CAGR) of 2.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The toluene market is expected to grow from $32.81 billion in 2027 at a CAGR of 2.4%.

The toluene market consists of the sales of toluene used for glues, paints, paint thinners, printing ink, rubber, leather tanners, and silicone sealants. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Toluene is a colorless flammable liquid obtained from coal tar or petroleum. It is used in aviation fuel and other high-octane fuels, dyestuffs, and explosives. Toluene is also used as a solvent for gums and lacquers.

Asia Pacific was the largest region in the toluene market in 2022. Middle East was the second-largest region in the toluene market. The regions covered in the toluene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main types of toluene are benzene and xylene, solvents, gasoline additives, TDI (toluene diisocyanate), trinitrotoluene, benzoic acid, and benzaldehyde. Benzoic acid is a white crystalline acid C6H5COOH that can be found naturally or synthesized. It is primarily used as a food preservative, an antifungal agent in pharmaceuticals, and in organic synthesis. The production processes are the reformation process, pig's process, coke/coal process, and styrene process. The various applications are drugs, dyes, blending, cosmetic nail products, and other applications (TNT, pesticides, and fertilizers). The end-use industries are building and construction; automotive; oil and gas; and consumer appliances.

The emerging demand for aromatics in the petrochemical industry has contributed to the growth of the toluene market. Aromatics are petroleum-derived forms of hydrocarbons, composed primarily of carbon and hydrogen elements. Toluene is a common aromatic, used as a chemical feedstock, solvent, and fuel additive in the chemical industry. To cater to the growing demand, companies are investing in expanding their production capacity. For instance, in June 2020, Ineos, a UK-based chemicals company bought chemical unit (aromatics and acetyls business) of BP plc, a UK-based oil and gas company for $5 billion along with its BP's Cooper River petrochemical plant in South Carolina among other facilities. This will enhance the production capacity of aromatics to cater to the market demand. Therefore, the growing demand for aromatics in end-use industries is driving the toluene market.

Fluctuations in crude oil prices have always been a major challenge in the toluene market as selected fractions of petroleum are used as raw materials for producing toluene. Toluene prices are constantly changing owing to factors such as instability in the prices of crude oil and variations in demand and supply. For instance, according to the annual energy outlook 2021 report by the US Energy Information Administration, a principal agency responsible for collecting, analyzing, and disseminating energy information, the average Brent crude prices are expected to be at $61/bbl (barrel) in 2025, and $73/bbl in 2030. This rise will increase the operating expenses and thereby impact the growth of the toluene market.

Toluene di-isocyanate is increasingly being used as a raw material in the manufacturing of flexible foam applications. Toluene di-isocyanate (TDI) is a chemical used in polyurethane production, especially in flexible foam applications such as furniture and bedding, and also in packaging applications. According to 'The Furnishing Report' in the UK, toluene di-isocyanate is one of the main ingredients used in the manufacturing of flexible polyurethane foams, one of the key components used in the UK furniture manufacturing industry. Increasing the use of toluene di-isocyanate will contribute to the growth of the market.

In August 2021, LANXESS, a German specialty chemicals company acquired Emerald Kalama Chemical for $1.04 billion. The acquisition will boost the growth of LANXESS and strengthens its position in the market. Emerald Kalama Chemical is a US-based chemicals company that also processes toluene into chemicals for food, flavor, fragrance, and pharmaceutical industries.

The countries covered in the toluene market are: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The toluene market research report is one of a series of new reports from The Business Research Company that provides toluene market statistics, including toluene industry global market size, regional shares, competitors with a toluene market share, detailed toluene market segments, market trends and opportunities, and any further data you may need to thrive in the toluene industry. This toluene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r1817

Table of Contents

1. Executive Summary

2. Toluene Market Characteristics

3. Toluene Market Trends And Strategies

4. Toluene Market - Macro Economic Scenario

4.1 COVID-19 Impact On Toluene Market

4.2 Ukraine-Russia War Impact On Toluene Market

4.3 Impact Of High Inflation On Toluene Market

5. Toluene Market Size And Growth

  • 5.1. Global Toluene Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Toluene Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Toluene Market Segmentation

  • 6.1. Global Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Benzene and Xylene
  • Solvents
  • Gasoline Additives
  • TDI (Toluene diisocyanate)
  • Trinitrotoluene
  • Benzoic acid
  • Benzaldehyde
  • 6.2. Global Toluene Market, Segmentation By Production Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Reformation Process
  • Pigs Process
  • Coke/Coal Process
  • Styrene Process
  • 6.3. Global Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Building And Construction
  • Automotive
  • Oil And Gas
  • Consumer Appliances
  • 6.4. Global Toluene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Drugs
  • Dyes
  • Blending
  • Cosmetic Nail Products
  • Other Applications (TNT, Pesticides, and Fertilizers)

7. Toluene Market Regional And Country Analysis

  • 7.1. Global Toluene Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Toluene Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Toluene Market

  • 8.1. Asia-Pacific Toluene Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Toluene Market

  • 9.1. China Toluene Market Overview
  • 9.2. China Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Toluene Market

  • 10.1. India Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Toluene Market

  • 11.1. Japan Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Toluene Market

  • 12.1. Australia Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Toluene Market

  • 13.1. Indonesia Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Toluene Market

  • 14.1. South Korea Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Toluene Market

  • 15.1. Western Europe Toluene Market Overview
  • 15.2. Western Europe Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Toluene Market

  • 16.1. UK Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Toluene Market

  • 17.1. Germany Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Toluene Market

  • 18.1. France Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Toluene Market

  • 19.1. Eastern Europe Toluene Market Overview
  • 19.2. Eastern Europe Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Toluene Market

  • 20.1. Russia Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Toluene Market

  • 21.1. North America Toluene Market Overview
  • 21.2. North America Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Toluene Market

  • 22.1. USA Toluene Market Overview
  • 22.2. USA Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Toluene Market

  • 23.1. South America Toluene Market Overview
  • 23.2. South America Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Toluene Market

  • 24.1. Brazil Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Toluene Market

  • 25.1. Middle East Toluene Market Overview
  • 25.2. Middle East Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Toluene Market

  • 26.1. Africa Toluene Market Overview
  • 26.2. Africa Toluene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Toluene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Toluene Market Competitive Landscape And Company Profiles

  • 27.1. Toluene Market Competitive Landscape
  • 27.2. Toluene Market Company Profiles
    • 27.2.1. Exxon Mobil Corporation
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Sinopec
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Royal Dutch Shell PLC
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Reliance Industries
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. BASF SE
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

29. Key Mergers And Acquisitions In The Toluene Market

29. Toluene Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!