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PUBLISHER: Grand View Research | PRODUCT CODE: 1446575
PUBLISHER: Grand View Research | PRODUCT CODE: 1446575
Toluene Market Size, Share & Trends Analysis Report By Application (Solvent, TDI & Other Derivatives), By Region (North America, Europe, Asia Pacific, MEA), And Segment Forecasts, 2024 - 2030
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PAGES: 90 Pages
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Toluene Market Growth & Trends:
The global toluene market is expected to reach USD 105.27 billion by 2030, registering a CAGR of 7.4% during the forecast period of 2024 to 2030, as per the new report by Grand View Research, Inc. The growth is majorly driven by its wide application as a solvent in various industries, such as paints, coatings, adhesives, printing inks, rubber, and polymer processing.
Toluene is an aromatic hydrocarbon with the chemical formula C7H8. It is a colorless, volatile liquid with a distinct benzene-like odor. The product is derived from crude oil and is a major component of gasoline, where it acts as an octane booster to improve fuel performance in engines.
The product is predominantly consumed in the production of benzene, xylene, and their derivatives. Most of the global product production is utilized in the manufacturing of these chemicals, which find diverse applications in various industries including paints and coatings, chemical manufacturing, pharmaceuticals, mining and construction, sectors. This consistent demand for toluene arises from its commercial significance and its integral role in core chemical manufacturing processes.
The demand for the product is steadily increasing, driven by its extensive use as an octane booster in gasoline blends. The product effectively enhances the energy content of gasoline, making it highly favorable for high-performance engines. Furthermore, its low sensitivity characteristics contribute to its suitability for heavily loaded engines. Moreover, another emerging factor boosting the toulene market growth is the rising demand for aromatics in the petrochemical industry. Toluene plays a vital role in the production of synthetic fibers, elastomers, agrochemicals, dyes, and nail paints, contributing to the surge in its market demand.
Toluene is a volatile organic compound (VOC) and a major contributor to air pollution. Increasing environmental regulations and growing awareness of the harmful effects of VOCs may lead to stricter emissions controls and reduced usage in certain applications.With the global push for sustainability and eco-friendly products, there is a growing trend towards renewable and green alternatives to conventional petrochemical-derived chemicals like toluene. Bio-based and plant-derived solvents are gaining popularity, which could potentially impact the demand for toluene.
Toluene Market Report Highlights:
- Solvent application of toluene is projected to grow at a highest growth rate of 8.0% owing to its excellent properties like low viscosity, and relatively low toxicity compared to other solvents.
- Some common solvent applications of toluene include paints and coatings, adhesives, printing inks, pharmaceuticals, cleaning agents, and fragrances & perfumes among others
- Asia Pacific region is expected to witness the fastest growth rate of 8.4% over the forecast period owing to the increasing application of downstream derivatives of toluene used in automobile, oil & gas, and construction among others in the region.
- Countries like China, India, and Japan are expected to maintain dominancy in the global market during the forecast period, primarily due to the continuous expansion of the manufacturing sector in these nations.
Product Code: GVR-4-68040-190-9
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.4 Information analysis
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.6.1 Research scope and assumptions
- 1.6.2 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Toluene: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Toluene Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing Trends
- 3.2.2 Sales Channel Analysis
- 3.3 Regulatory framework
- 3.4 Price Trend Analysis, 2018-2030
- 3.4.1 Factors Influencing Prices
- 3.5 Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.2 Market Restraint Analysis
- 3.5.3 Industry Challenges
- 3.5.4 Industry Opportunities
- 3.6 Industry Analysis Tools
- 3.6.1 Porter's Five Forces Analysis
- 3.6.2 Macroeconomic Analysis - PESTLE Analysis
Chapter 4 Toluene Market: Applications Estimates & Trend Analysis
- 4.1 Applications Movement Analysis & Market Share, 2022 & 2030
- 4.1.1 Solvents
- 4.1.2 TDI
- 4.1.3 Others
Chapter 5 Toluene Market: Regional Estimates & Trend Analysis
- 5.1 Toluene Market: Regional Outlook
- 5.2 North America
- 5.2.1 North america Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.2.2 U.S.
- 5.2.2.1 Key country dynamics
- 5.2.2.2 U.S. Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.2.3 Canada
- 5.2.3.1 Key country dynamics
- 5.2.3.2 Canada Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.2.4 Mexico
- 5.2.4.1 Key country dynamics
- 5.2.4.2 Mexico Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.3 Europe
- 5.3.1 Europe Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.3.2 Germany
- 5.3.2.1 Key country dynamics
- 5.3.2.2 Germany Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.3.3 UK
- 5.3.3.1 Key country dynamics
- 5.3.3.2 UK Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.3.4 Italy
- 5.3.4.1 Key country dynamics
- 5.3.4.2 Italy Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.3.5 Netherlands
- 5.3.5.1 Key country dynamics
- 5.3.5.2 Netherlands Toluene Market Estimates & Forecasts, 2018 - 2030 (MillionTons) (USD Billion)
- 5.3.6 Belgium
- 5.3.6.1 Key country dynamics
- 5.3.6.2 Belgium Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.3.7 France
- 5.3.7.1 Key country dynamics
- 5.3.7.2 France Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.3.8 Russia
- 5.3.8.1 Key country dynamics
- 5.3.8.2 Russia Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Toluene Market Estimates & Forecasts, 2018-2030, (Million Tons) (USD Billion)
- 5.4.2 China
- 5.4.2.1 Key country dynamics
- 5.4.2.2 China Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.4.3 India
- 5.4.3.1 Key country dynamics
- 5.4.3.2 India Toluene Market Estimates & Forecasts, 2018 - 2030 (million Tons) (USD Billion)
- 5.4.4 Japan
- 5.4.4.1 Key country dynamics
- 5.4.4.2 Japan Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.4.5 Malaysia
- 5.4.5.1 Key country dynamics
- 5.4.5.2 Malaysia Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.4.6 Indonesia
- 5.4.6.1 Key country dynamics
- 5.4.6.2 Indonesia Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.4.7 Vietnam
- 5.4.7.1 Key country dynamics
- 5.4.7.2 Vietnam Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.4.8 Australia
- 5.4.8.1 Key country dynamics
- 5.4.8.2 Australia Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.4.9 New Zealand
- 5.4.9.1 Key country dynamics
- 5.4.9.2 New Zealand Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.5 Central & South America
- 5.5.1 Central & South America Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.5.2 Brazil
- 5.5.2.1 Key country dynamics
- 5.5.2.2 Brazil Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.5.3 Argentina
- 5.5.3.1 Key country dynamics
- 5.5.3.2 Argentina Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.5.4 Colombia
- 5.5.4.1 Key country dynamics
- 5.5.4.2 Colombia Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.5.5 Peru
- 5.5.5.1 Key country dynamics
- 5.5.5.2 Peru Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.6 Middle East & Africa
- 5.6.1 Middle East & Africa Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.6.2 Saudi Arabia
- 5.6.2.1 Key country dynamics
- 5.6.2.2 Saudi Arabia Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- 5.6.3 Iran
- 5.6.3.1 Key country dynamics
- 5.6.3.2 Iran Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- 5.6.4 Oman
- 5.6.4.1 Key country dynamics
- 5.6.4.2 Oman Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- 5.6.5 UAE
- 5.6.6.1 Key country dynamics
- 5.6.5.2 UAE Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- 5.6.6 Qatar
- 5.6.6.1 Key country dynamics
- 5.6.6.2 Qatar Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- 5.6.7 Kuwait
- 5.6.7.1 Key country dynamics
- 5.6.7.2 Kuwait Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- 5.7 Africa
- 5.7.1 Africa Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.7.2 South Africa
- 5.7.2.1 Key country dynamics
- 5.7.2.2 South Africa Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- 5.7.3 Angola
- 5.7.3.1 Key country dynamics
- 5.7.3.2 Angola Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- 5.7.4 Nigeria
- 5.7.4.1 Key country dynamics
- 5.7.4.2 Nigeria Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
Chapter 6 Competitive Landscape
- 6.1 Company Categorization
- 6.2 Key Company Market Share Analysis, 2023
- 6.3 Company Heat Map Analysis
- 6.4 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
- 6.4.1 Exxon Mobil Corporation
- 6.4.2 SABIC
- 6.4.3 China Petroleum and Chemical Corporation
- 6.4.4 INEOS Capital Limited
- 6.4.5 BASF SE
- 6.4.6 Covestro AG
- 6.4.7 LyondellBasell Industries Holdings B.V.
- 6.4.8 Royal Dutch Shell Plc
- 6.4.9 Chevron Phillips Chemicals LLC
- 6.4.10 Mitsubishi Chemicals Corporation
Product Code: GVR-4-68040-190-9
List of Tables
- Table 1 List of Toluene Raw Material Suppliers
- Table 2 U.S. macro-economic outlay
- Table 3 Canada macro-economic outlay
- Table 4 Mexico macro-economic outlay
- Table 5 Germany macro-economic outlay
- Table 6 UK macro-economic outlay
- Table 7 Italy macro-economic outlay
- Table 8 Netherlands macro-economic outlay
- Table 9 Belgium macro-economic outlay
- Table 10 France macro-economic outlay
- Table 11 Russia macro-economic outlay
- Table 12 China macro-economic outlay
- Table 13 India macro-economic outlay
- Table 14 Japan macro-economic outlay
- Table 15 Malaysia macro-economic outlay
- Table 16 Indonesia macro-economic outlay
- Table 17 Vietnam macro-economic outlay
- Table 18 Australia macro-economic outlay
- Table 19 New Zealand macro-economic outlay
- Table 20 Malaysia macro-economic outlay
- Table 21 Malaysia macro-economic outlay
- Table 22 Brazil macro-economic outlay
- Table 23 Argentina macro-economic outlay
- Table 24 Colombia macro-economic outlay
- Table 25 Peru macro-economic outlay
- Table 26 Saudi Arabia macro-economic outlay
- Table 27 Iran macro-economic outlay
- Table 28 UAE macro-economic outlay
- Table 29 Oman macro-economic outlay
- Table 30 Qatar macro-economic outlay
- Table 31 Quwait macro-economic outlay
- Table 32 South Africa Macro-economic Outlay
- Table 33 Angola Macro-economic Outlay
- Table 34 Nigeria Macro-economic Outlay
- Table 35 Participant's Overview
- Table 36 Financial Performance
- Table 37 Product Benchmarking
- Table 38 Recent Developments & Impact Analysis, By Key Market Participants
- Table 39 Company Market Share, 2023
- Table 40 Company Heat Map Analysis
List of Figures
- Fig. 1 Toluene Market Segmentation & Scope
- Fig. 2 Information Procurement
- Fig. 3 Data analysis models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Toluene Market Snapshot
- Fig. 7 Toluene Market Segment Snapshot
- Fig. 8 Toluene Market Competitive Landscape Snapshot
- Fig. 9 Toluene Market, 2023 (USD Billion)
- Fig. 10 Toluene Market: Industry Value Chain Analysis
- Fig. 11 Toluene Price Trend Analysis, 2018 - 2030 (USD/Kg)
- Fig. 12 Toluene Market Dynamics
- Fig. 13 Toluene Market: PORTER's Analysis
- Fig. 14 Toluene Market: PESTLE Analysis
- Fig. 15 Toluene Market Estimates & Forecasts, by Application: Key Takeaways
- Fig. 16 Toluene Market Share, By Application, 2022 & 2030
- Fig. 17 Toluene Market Estimates & Forecasts, in Solvents, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 18 Toluene oxide Market Estimates & Forecasts, in TDI, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 19 Toluene Market Estimates & Forecasts, in other applications, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 20 Toluene Market Revenue, by Region, 2022 & 2030, (USD Billion)
- Fig. 21 North America Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 22 U.S. Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 23 Canada Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig 24 Mexico Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 25 Europe Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 26 Germany Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 27 UK Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 28 Italy Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 29 Netherlands Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 30 Belgium Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 31 France Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 32 Russia Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 33 Asia Pacific Toluene Market Estimates & Forecasts, 2018-2030, (Million Tons) (USD Billion)
- Fig. 34 China Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 35 India Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 36 Japan Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 37 Malaysia Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 38 Indonesia Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 49 Vietnam Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 40 Australia Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 41 New Zealand Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 42 Central & South America Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 43 Brazil Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 44 Argentina Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 45 Colombia Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 46 Peru Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 47 Middle East Toluene Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 48 Saudi Arabia Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- Fig. 49 Iran Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- Fig. 50 Oman Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- Fig. 51 UAE Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- Fig. 52 Qatar Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- Fig. 53 Kuwait Toluene Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Billion)
- Fig. 54 South Africa Toluene Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 55 Angola Toluene Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 56 Nigeria Toluene Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Million Tons) (USD Billion)
- Fig. 57 Key Company/Competition Categorization
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