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FEATURED COMPANIES
- BASF SE
- BP Chemicals
- China National Petroleum
- ConocoPhillips
- Exxon-Mobil Chemical
- Mitsui & Co
- MORE
The global toluene market was valued a $ 27.3 billion in 2018 and is projected to reach $ 35.9 billion by 2024. Anticipated growth in the market can be attributed to increasing applications of its derivatives in different industries which include construction industry, cosmetics and agriculture. Additionally, growth in end-user industries such as construction, explosives and agrochemicals in regions like Asia-Pacific and Latin America is further anticipated to fuel the growth of the market. Toluene, formerly known as toluol and methylbenzene, is basically an aromatic hydrocarbon that is used as an industrial feedstock as well as a solvent. It is utilized as a solvent in nail polish removers, glues, paint thinners and correction fluids.
Additionally, toluene is used in explosives industry in the manufacturing of flammable & explosive compounds, like Trinitrotoluene (TNT), hair dyes and nail products. Notably, the toluene market is segmented based on derivative type and region. Based on derivatives types, the global toluene market is classified into benzene & xylene, toluene diisocyanate (TDI), solvent, gasoline additives and tri-nitro toluene (TNT). Benzene & xylene is the dominating segment as toluene (in the form of benzene-toluene-xylene mixtures) are utilized in the blending of petrol and occur as a by-product in the manufacturing of styrene. The TDI segment is expected to be the fastest growing market for toluene during forecast period as it is majorly used in the production of PU foams, which are widely used in industries such as, oil & gas, building & construction, and automotive for insulating applications.
Furthermore, solvent accounted for the second largest share in the global toluene market, owing to its higher demand in the manufacturing of the cosmetics and paints & coatings industry. Regionally, the global toluene market has been segmented as North America, South America, Europe, Asia-Pacific and the Middle East & Africa. Among these regions, Asia-Pacific accounts for a substantial share in the market followed by North America. Growth of the Asia-Pacific toluene market is led by rising construction activities and growth in the cosmetics industry across the region. Some of the key players operating in the global toluene market include, Exxon-Mobil Chemical, Shell, Valero, Reliance Industries, ConocoPhillips, BASF SE, BP Chemicals, China National Petroleum, Mitsui & Co, Sinopec, S.K. Global Chemical Co Ltd. among others.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018 Estimated
Year: 2019 Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast the global toluene market size.
- To forecast the global toluene market based on derivative type and regional distribution.
- To identify drivers and challenges for the global toluene market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global toluene market.
- To conduct pricing analysis for the toluene market.
- To identify and analyze the profile of leading players involved in the manufacturing of toluene.
Some of the leading players in the global toluene market are Exxon-Mobil Chemical, Sinopec, Shell, Reliance Industries, ConocoPhillips, Valero Energy, BASF SE, BP Chemicals, China National Petroleum, Mitsui & Co, among others. Both primary as well as exhaustive secondary research was conducted for this study. Initially, the researchers sourced a list of leading manufacturers across the globe were analysed. Subsequently, primary research surveys were conducted with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the manufacturers which could not be identified due to the limitations of secondary research could be included. The product offerings, distribution channels and presence of all major players operating in the global toluene market.
The global toluene market size was calculated by using a top-down approach, wherein data for various derivatives was recorded and forecast for the future years. These values are sourced from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Toluene manufacturers and suppliers
- Major end-users
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to the toluene market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the global toluene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Derivative Type:
- Benzene & Xylene
- Solvents
- Toluene Diisocynates (TDI)
- Gasoline Additives
- Tri Nitro Toluene (TNT)
- Others
Market, By Region:
- Asia-Pacific
- China
- South Korea
- Japan
- India
- Singapore
- Australia
- Rest of Asia-Pacific
- North America
- United States
- Mexico
- Canada
- Europe
- Germany
- Russia
- United Kingdom
- Italy
- France
- Rest of Europe
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global toluene market.
Available Customizations:
With the given market data, customizations are offered according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
FEATURED COMPANIES
- BASF SE
- BP Chemicals
- China National Petroleum
- ConocoPhillips
- Exxon-Mobil Chemical
- Mitsui & Co
- MORE
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factors to be considered for product selection
4.2. Factors influencing purchase decision
4.3. Unmet needs
5. Global Toluene Industry Overview
6. Global Toluene Market Outlook
6.1. Market Size and Forecast
6.1.1. By Value & Volume
6.2. Market Share and Forecast
6.2.1. By Derivatives (Benzene & Xylene, Solvents, Toluene Diisocynate (TDI), Gasoline Additives, Tri Nitro Toluene (TNT), Others)
6.2.2. By Company
6.2.3. By Region
6.3. Market Attractive Index
7. Asia-Pacific Toluene Market Outlook
7.1. Market Size and Forecast
7.1.1. By Value and Volume
7.2. Market Share & Forecast
7.2.1. By Derivatives
7.2.2. By Country
7.3. China Toluene Market Outlook
7.3.1. Market Size and Forecast
7.3.1.1. By Value
7.3.2. Market Share and Forecast
7.3.2.1. By Derivatives
7.4. South Korea Toluene Market Outlook
7.4.1. Market Size and Forecast
7.4.1.1. By Value
7.4.2. Market Share and Forecast
7.4.2.1. By Derivatives
7.5. Japan Toluene Market Outlook
7.5.1. Market Size and Forecast
7.5.1.1. By Value
7.5.2. Market Share and Forecast
7.5.2.1. By Derivatives
7.6. India Toluene Market Outlook
7.6.1. Market Size and Forecast
7.6.1.1. By Value
7.6.2. Market Share and Forecast
7.6.2.1. By Derivatives
7.7. Singapore Toluene Market Outlook
7.7.1. Market Size and Forecast
7.7.1.1. By Value
7.7.2. Market Share and Forecast
7.7.2.1. By Derivatives
7.8. Australia Toluene Market Outlook
7.8.1. Market Size and Forecast
7.8.1.1. By Value
7.8.2. Market Share and Forecast
7.8.2.1. By Derivatives
8. North America Toluene Market Outlook
8.1. Market Size and Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Derivatives
8.2.2. By Country
8.3. United States Toluene Market Outlook
8.3.1. Market Size and Forecast
8.3.1.1. By Value
8.3.2. Market Share and Forecast
8.3.2.1. By Derivatives
8.4. Canada Toluene Market Outlook
8.4.1. Market Size and Forecast
8.4.1.1. By Value
8.4.2. Market Share and Forecast
8.4.2.1. By Derivatives
8.5. Mexico Toluene Market Outlook
8.5.1. Market Size and Forecast
8.5.1.1. By Value
8.5.2. Market Share and Forecast
8.5.2.1. By Derivatives
8.5.2.2. By Application
9. Europe Toluene Market Outlook
9.1. Market Size and Forecast
9.1.1. By Value and Volume
9.2. Market Share & Forecast
9.2.1. By Derivatives
9.2.2. By Country
9.3. Germany Toluene Market Outlook
9.3.1. Market Size and Forecast
9.3.1.1. By Value
9.3.2. Market Share and Forecast
9.3.2.1. By Derivatives
9.4. Russia Toluene Market Outlook
9.4.1. Market Size and Forecast
9.4.1.1. By Value
9.4.2. Market Share and Forecast
9.4.2.1. By Derivatives
9.5. United Kingdom Toluene Market Outlook
9.5.1. Market Size and Forecast
9.5.1.1. By Value
9.5.2. Market Share and Forecast
9.5.2.1. By Derivatives
9.6. Italy Toluene Market Outlook
9.6.1. Market Size and Forecast
9.6.1.1. By Value
9.6.2. Market Share and Forecast
9.6.2.1. By Derivatives
9.7. France Toluene Market Outlook
9.7.1. Market Size and Forecast
9.7.1.1. By Value
9.7.2. Market Share and Forecast
9.7.2.1. By Derivatives
10. Middle East & Africa Toluene Market Outlook
10.1. Market Size and Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Derivatives Type
10.2.2. By Country
10.3. Saudi Arabia Toluene Market Outlook
10.3.1. Market Size and Forecast
10.3.1.1. By Value
10.3.2. Market Share and Forecast
10.3.2.1. By Derivatives
10.4. South Africa Toluene Market Outlook
10.4.1. Market Size and Forecast
10.4.1.1. By Value
10.4.2. Market Share and Forecast
10.4.2.1. By Derivatives
10.5. Qatar Toluene Market Outlook
10.5.1. Market Size and Forecast
10.5.1.1. By Value
10.5.2. Market Share and Forecast
10.5.2.1. By Derivatives
10.6. UAE Toluene Market Outlook
10.6.1. Market Size and Forecast
10.6.1.1. By Value
10.6.2. Market Share and Forecast
10.6.2.1. By Derivatives
11. South America Toluene Market Outlook
11.1. Market Size and Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Derivatives
11.2.2. By Country
11.3. Brazil Toluene Market Outlook
11.3.1. Market Size and Forecast
11.3.1.1. By Value
11.3.2. Market Share and Forecast
11.3.2.1. By Derivatives
11.4. Argentina Toluene Market Outlook
11.4.1. Market Size and Forecast
11.4.1.1. By Value
11.4.2. Market Share and Forecast
11.4.2.1. By Derivatives
11.5. Colombia Toluene Market Outlook
11.5.1. Market Size and Forecast
11.5.1.1. By Value
11.5.2. Market Share and Forecast
11.5.2.1. By Derivatives
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Pricing Analysis
15. Competitive Landscape
15.1. Competition Benchmarking
15.2. Company Profiles (Leading companies)
15.2.1. Shell
15.2.2. Exxon-Mobil Chemical
15.2.3. Valero Energy
15.2.4. Sinopec
15.2.5. Reliance Industries
15.2.6. ConocoPhillips
15.2.7. BASF SE
15.2.8. BP Chemicals
15.2.9. China National Petroleum
15.2.10. Mitsui & Co
(Note: The companies list can be customized based on the client requirements)
16. Strategic Recommendations
*Full List of Figures Available on Enquiry.
- Shell
- Exxon-Mobil Chemical
- Valero Energy
- Sinopec
- Reliance Industries
- ConocoPhillips
- BASF SE
- BP Chemicals
- China National Petroleum
- Mitsui & Co
