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toluene Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5733998

Quick Summary:

With the advent of increasing industrial innovation, the global toluene market is poised for considerable growth. Toluene, a key derivative of petroleum and coal tar, finds wide-ranging applications in various industries from paints and glues to high-octane aviation fuel. Particularly, its preeminence as an aromatic in the petrochemical sector strengthens its positioning in the global market. Its geographical footprint spans across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The versatile nature of toluene is a significant driver for market growth. This is reflected in its various types such as benzene and xylene, solvents, gasoline additives, TDI (toluene diisocyanate), trinitrotoluene, benzoic acid, and benzaldehyde. Furthermore, the expanding applications of toluene di-isocyanate as a raw material for flexible foam applications in furniture, bedding, and packaging spur market growth. Despite challenges caused by fluctuations in crude oil prices, potential opportunities persist in the toluene industry.

Engage with our comprehensive toluene market research report to uncover detailed data about the market dynamics, industry trends, opportunities, and competitive landscape presented by key players such as Exxon Mobil Corporation, Sinopec, Royal Dutch Shell PLC, among others. This report offers in-depth insight, facilitating informed strategic decisions for existing players and potential entrants in the toluene market.

The toluene market size has grown steadily in recent years. It will grow from $29.7 billion in 2023 to $30.96 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The expansion observed in the historical period can be linked to the growth of the petroleum industry, the production of polyurethane, the increased activity in chemical manufacturing, as well as the growth of the printing and rubber industries, and the adhesive and sealant sector.

The toluene market size is expected to see steady growth in the next few years. It will grow to $36.89 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The anticipated growth in the forecast period can be attributed to the adoption of renewable and sustainable alternatives, changes in regulations, shifts in the automotive industry, fluctuations in crude oil prices, and increasing concerns about health and the environment. Notable trends expected in the forecast period encompass technological innovations, heightened demand in the chemical industry, an emphasis on bio-based toluene production, fluctuations in crude oil prices, and the dynamics of regional markets.

The toluene market has experienced growth due to the rising demand for aromatics in the petrochemical industry. Aromatics, which are hydrocarbons derived from petroleum and primarily composed of carbon and hydrogen elements, include toluene, a commonly used aromatic in the chemical industry as a chemical feedstock, solvent, and fuel additive. To meet the increasing demand, companies are investing in expanding their production capacities. For example, as of July 2023, the U.S. Energy Information Administration reported that total world petroleum consumption was approximately 97.26 million b/d, underscoring the growing demand in the petrochemical industry and driving the toluene market.

The toluene market is expected to see growth driven by the increasing demand in the automotive industry. Toluene serves as a common solvent in automotive paints and coatings, found in paints, primers, and clear coats, aiding in the dissolution of paint resins and ensuring smooth application. In May 2023, the European Automobile Manufacturers' Association reported a global production of around 85.4 million motor vehicles in 2022, signifying a 5.7% increase over the previous year. Additionally, the International Organization of Motor Vehicle Manufacturers reported a total production of cars and commercial vehicles, which rose from 80,145,988 in 2021 to 85,016,728 in 2022. Hence, the increasing demand for toluene in the automotive industry is a driving force in the toluene market.

The toluene market faces challenges due to fluctuations in crude oil prices, as certain fractions of petroleum serve as raw materials for toluene production. Toluene prices are subject to constant changes influenced by factors such as crude oil price instability and variations in demand and supply. For instance, according to the annual Energy Outlook 2021 report by the U.S. Energy Information Administration, the average Brent crude prices are projected to be $61/bbl. in 2025 and $73/bbl. in 2030. These fluctuations impact operating expenses and consequently affect the growth of the toluene market.

The use of toluene di-isocyanides as a raw material in the production of flexible foam applications is on the rise. Toluene di-isocyanides (TDI) is a chemical employed in polyurethane manufacturing, particularly in flexible foam applications such as furniture, bedding, and packaging. In the UK furniture manufacturing industry, toluene di-isocyanides is identified as a key ingredient in the production of flexible polyurethane foams, as highlighted by 'The Furnishing Report.' The increased adoption of toluene di-isocyanides is anticipated to contribute significantly to market growth.

Major companies are engaging in collaborations to enhance their revenue. For example, in May 2021, Braskem, a Texas-based company specializing in sustainable solvents, including toluene, entered into a partnership with NXTLEVVEL Biochem for an undisclosed amount. This collaboration aims to explore markets for derivatives of levulinic acid¹, leveraging technology and Braskem's leading position in solvents. NXTLEVVEL Biochem, based in the Netherlands, focuses on high-performance solutions for sustainable chemistry. Furthermore, in August 2021, BASF, a German-based company involved in Toluene Diisocyanate, partnered with SINOPEC to expand their Verbund site. The collaboration involves expanding production capacities for various chemicals and building a new tert-butyl acrylate plant. SINOPEC, a China-based company, is involved in the production of mixed xylenes and benzene in an aromatics complex through the disproportionation of toluene.

In August 2021, LANXESS, a German specialty chemicals company, acquired Emerald Kalama Chemical for $1.04 billion. This strategic acquisition is expected to enhance LANXESS's growth and strengthen its market position. Emerald Kalama Chemical, a US-based company, processes toluene into chemicals used in the food, flavor, fragrance, and pharmaceutical industries.

Major companies operating in the toluene market report are China National Petroleum Corp., Exxon Mobil Corporation, Royal Dutch Shell PLC, TotalEnergies SE, BP Chemicals PLC, Valero Energy Corp., Reliance Industries Ltd., BASF SE, INEOS Group Holdings S.A., CNOOC Ltd., SK Innovation Co. Ltd., Saudi Basic Industries Corporation., LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, China Petroleum & Chemical Corporation, Sherwin-Williams Company, Covestro AG, Braskem SA, Mitsui Chemicals Inc., DuPont de Nemours Inc., S.K. Global Chemical Co. Ltd., Formosa Plastics Corp., Nova Chemicals Corp., Stepan Company, Koch Industries Inc., GS Caltex Inc., JX Nippon Oil and Energy Corp., Chevron Phillips Chemical Company LLC. Asia-Pacific was the largest region in the toluene market in 2023. Middle East was the second-largest region in the toluene market report. The regions covered in the toluene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

In the toluene market, the primary types include benzene, xylene, solvents, gasoline additives, TDI (toluene diisocyanate), trinitrotoluene, benzoic acid, and benzaldehyde. Benzoic acid, a white crystalline acid denoted as C6H5COOH, can be sourced naturally or synthesized. It is primarily utilized as a food preservative, an antifungal agent in pharmaceuticals, and in organic synthesis. The production processes involve the reformation process, pig’s process, coke/coal process, and styrene process. Toluene has diverse applications, including in drugs, dyes, blending, cosmetic nail products, and other areas such as TNT, pesticides, and fertilizers. End-users of toluene include hospitals, ambulatory surgery centers, and various other sectors.

The toluene market research report is one of a series of new reports 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.

The countries covered in the toluene market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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

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

What is the estimated value of the Global toluene Market?

The Global toluene Market was estimated to be valued at $30.96 Billion in 2024.

What is the growth rate of the Global toluene Market?

The growth rate of the Global toluene Market is 4.5%, with an estimated value of $36.89 Billion by 2028.

What is the forecasted size of the Global toluene Market?

The Global toluene Market is estimated to be worth $36.89 Billion by 2028.

Who are the key companies in the Global toluene Market?

Key companies in the Global toluene Market include Procter & Gamble, Unilever plc, Henkel AG & Co. KGaA, Kimberly, Clark Corporation, Kleenex, Colgate, Palmolive Company, Reckitt Benckiser Group plc and Georgia.

Table of Contents

1. Executive Summary2. Toluene Market Characteristics3. Toluene Market Trends and Strategies
4. Toluene Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Toluene Market Size and Growth
5.1. Global Toluene Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Toluene Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Toluene Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Toluene Market Segmentation
6.1. Global Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Reformation Process
  • Pigs Process
  • Coke/Coal Process
  • Styrene Process
6.3. Global Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Drugs
  • Dyes
  • Blending
  • Cosmetic Nail Products
  • Other Applications (TNT, Pesticides, and Fertilizers)
6.4. Global Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Building and Construction
  • Automotive
  • Oil and Gas
  • Consumer Appliances
7. Toluene Market Regional and Country Analysis
7.1. Global Toluene Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Toluene Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Toluene Market
9.1. China Toluene Market Overview
9.2. China Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Toluene Market
10.1. India Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Toluene Market
11.1. Japan Toluene Market Overview
11.2. Japan Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Toluene Market
12.1. Australia Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Toluene Market
13.1. Indonesia Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Toluene Market
14.1. South Korea Toluene Market Overview
14.2. South Korea Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Toluene Market
16.1. UK Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Toluene Market
17.1. Germany Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Toluene Market
18.1. France Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Toluene Market
19.1. Italy Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Toluene Market
20.1. Spain Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Toluene Market
21.1. Eastern Europe Toluene Market Overview
21.2. Eastern Europe Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Toluene Market
22.1. Russia Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Toluene Market
23.1. North America Toluene Market Overview
23.2. North America Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Toluene Market
24.1. USA Toluene Market Overview
24.2. USA Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Toluene Market
25.1. Canada Toluene Market Overview
25.2. Canada Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Toluene Market
26.1. South America Toluene Market Overview
26.2. South America Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Toluene Market
27.1. Brazil Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Toluene Market
28.1. Middle East Toluene Market Overview
28.2. Middle East Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Toluene Market
29.1. Africa Toluene Market Overview
29.2. Africa Toluene Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Toluene Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Toluene Market, Segmentation by End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Toluene Market Competitive Landscape and Company Profiles
30.1. Toluene Market Competitive Landscape
30.2. Toluene Market Company Profiles
30.2.1. China National Petroleum Corp.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Exxon Mobil Corporation
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Royal Dutch Shell plc
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. TotalEnergies SE
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. BP Chemicals plc
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Toluene Market Other Major and Innovative Companies
31.1. Valero Energy Corp.
31.2. Reliance Industries Ltd.
31.3. BASF SE
31.4. INEOS Group Holdings S.A.
31.5. CNOOC Ltd.
31.6. SK Innovation Co. Ltd.
31.7. Saudi Basic Industries Corporation.
31.8. LyondellBasell Industries N.V.
31.9. Mitsubishi Chemical Corporation
31.10. China Petroleum & Chemical Corporation
31.11. Sherwin-Williams Company
31.12. Covestro AG
31.13. Braskem SA
31.14. Mitsui Chemicals Inc.
31.15. DuPont de Nemours Inc.
32. Global Toluene Market Competitive Benchmarking33. Global Toluene Market Competitive Dashboard34. Key Mergers and Acquisitions in the Toluene Market
35. Toluene Market Future Outlook and Potential Analysis
35.1 Toluene Market in 2028 - Countries Offering Most New Opportunities
35.2 Toluene Market in 2028 - Segments Offering Most New Opportunities
35.3 Toluene Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Toluene Global Market Report 2024 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 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.
Description
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? This report 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.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report 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

Key Companies Mentioned: China National Petroleum Corp.; Exxon Mobil Corporation; Royal Dutch Shell plc; TotalEnergies SE; BP Chemicals plc

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

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 Segmentation: 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

Companies Mentioned

A selection of companies mentioned in this report includes:

  • China National Petroleum Corp.
  • ExxonMobil Corporation
  • Royal Dutch Shell plc
  • TotalEnergies SE
  • BP Chemicals plc
  • Valero Energy Corp.
  • Reliance Industries Ltd.
  • BASF SE
  • INEOS Group Holdings S.A.
  • CNOOC Ltd.
  • SK Innovation Co. Ltd.
  • Saudi Basic Industries Corporation.
  • LyondellBasell Industries N.V.
  • Mitsubishi Chemical Corporation
  • China Petroleum & Chemical Corporation
  • Sherwin-Williams Company
  • Covestro AG
  • Braskem SA
  • Mitsui Chemicals Inc.
  • DuPont de Nemours Inc.
  • S.K. Global Chemical Co. Ltd.
  • Formosa Plastics Corp.
  • Nova Chemicals Corp.
  • Stepan Company
  • Koch Industries Inc.
  • GS Caltex Inc.
  • JX Nippon Oil and Energy Corp.
  • Chevron Phillips Chemical Company LLC

Methodology

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