Global Toluene Market, By Derivative Type, By Application, By Production Process, By Geography

Description

Global toluene market is estimated to be valued at USD 28.12 Bn in 2024 and is expected to reach USD 43.13 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 28.12 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	6.30%	2031 Value Projection:	US$ 43.13 Bn

Figure 1.Global Toluene Market Share (%), By Region, 2024

Toluene is an aromatic hydrocarbon that is colorless, sweet-smelling, and volatile. It is a clear liquid with a distinct smell. Toluene is found naturally in crude oil and is known by several other names such as toluol, methylbenzene, and phenylmethane. Toluene is insoluble in water but soluble in organic solvents. It evaporates quickly at room temperature that provides it a wide range of industrial applications. Some of the major end uses of toluene include solvents, fuel additives, polyurethane resins and coatings, pharmaceutical diluents, and as an intermediate in synthesizing benzaldehyde, benzoic acid, and benzoate esters. Due to its growing demand from various end-use industries, the global toluene market is poised to witness significant growth during the forecast period.

Market Dynamics:

Global toluene market is estimated to witness growth at a significant CAGR during the forecast period, owing to factors such as increasing demand from end-use industries such as building and construction, automotive, and consumer products. Growing infrastructure development and construction activities worldwide are expected to boost demand for solvents, adhesives, and paints and coatings, which in turn will positively influence the toluene market. Rising vehicle production and sales are boosting the need for automobile components and parts manufacturing, which utilizes toluene as a raw material and solvent. However, factors such as strict environmental regulations regarding VOC emissions and availability of alternative products are expected to hamper market growth. The development of bio-based and hybrid technologies to produce toluene in a sustainable manner are likely to present new opportunities for players operating in the global toluene market in the near future.

Key features of the study:

This report provides in-depth analysis of the global toluene market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global toluene market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include BASF SE, Braskem SA, Chevron Phillips Chemical Company LLC, China Petroleum & Chemical Corporation (Sinopec), China National Petroleum Corporation, Covestro AG, CPC Corporation, Exxon Mobil Corporation, Formosa Chemicals & Fibre Corporation, INEOS, Lyondellbasell Industries NV, Mitsui Chemicals Inc., Mitsubishi Chemical Corporation, Royal Dutch Shell PLC, SABIC, SK Innovation Co. Ltd, Total SA, Shiv Chemicals, Pure Chemicals Co, and Akshar international
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global toluene market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global toluene market

Detailed Segmentation

By Derivative Type:
- Benzene & Xylene
- Toluene Diisocynates
- Gasoline Additives
- Others
By Application:
- Drugs
- Blending
- Cosmetic Nail Products
- Others
By Production Process:
- Reformate Processes
- Pygas Processes
- Coke/coal Processes
- Styrene Processes
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- BASF SE
- Braskem SA
- Chevron Phillips Chemical Company LLC
- China Petroleum & Chemical Corporation (Sinopec)
- China National Petroleum Corporation
- Covestro AG
- CPC Corporation
- Exxon Mobil Corporation
- Formosa Chemicals & Fibre Corporation
- INEOS
- Lyondellbasell Industries NV
- Mitsui Chemicals Inc.
- Mitsubishi Chemical Corporation
- Royal Dutch Shell PLC
- SABIC
- SK Innovation Co. Ltd
- Total SA
- Shiv Chemicals
- Pure Chemicals Co
- Akshar international

Product Code: CMI6809

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Derivative Type
- Market Snippet, By Application
- Market Snippet, By Production Process
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Toluene Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Toluene Market
Impact Analysis

5. Global Toluene Market, By Derivative Type, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Benzene & Xylene
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Toluene Diisocynates
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Gasoline Additives
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Toluene Market, By Application, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Drugs
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Blending
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Cosmetic Nail Products
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Toluene Market, By Production Process, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Reformate Processes
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Pygas Processes
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Coke/coal Processes
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Styrene Processes
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

8. Global Toluene Market, By Region, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By Derivative Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Production Process, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
  - U.S.
  - Canada
  - Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By Derivative Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Production Process, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By Derivative Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Production Process, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By Derivative Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Production Process, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Market Share Analysis, By Region/Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Region/Country, 2019 - 2031
- Market Size and Forecast, By Derivative Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Production Process, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- BASF SE
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Braskem SA
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Chevron Phillips Chemical Company LLC
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- China Petroleum & Chemical Corporation (Sinopec)
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- China National Petroleum Corporation
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Covestro AG
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- CPC Corporation
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Exxon Mobil Corporation
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Formosa Chemicals & Fibre Corporation
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- INEOS
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Lyondellbasell Industries NV
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Mitsui Chemicals Inc.
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Mitsubishi Chemical Corporation
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Royal Dutch Shell PLC
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- SABIC
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- SK Innovation Co. Ltd
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Total SA
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Shiv Chemicals
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Pure Chemicals Co
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates
- Akshar international
  - Company Overview
  - Derivative Type Portfolio
  - Recent Developments/Updates

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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