by The global toluene market size was estimated to be around US$ 44.32 billion in 2022. It is projected to reach US$ 25.1 billion by 2032, indicating a CAGR of 5.9% from 2023 to 2032.
Key Takeaways
- North America contributed more than 46% of revenue share in 2022.
- Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By Derivative Type, the benzene and xylene segment has held the largest market share of 59% in 2022.
- By Derivative Type, the gasoline additives segment is anticipated to grow at a remarkable CAGR of 12.8% between 2023 and 2032.
- By Application, the reformate processes segment generated over 43% of revenue share in 2022.
- By Application, the styrene processes segment is expected to expand at the fastest CAGR over the projected period.
- By Production process, the reformate processes segment had the largest market share of 39% in 2022.
- By Production process, the styrene processes segment is expected to expand at the fastest CAGR over the projected period.
The market research report on the Toluene market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of Toluene products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.
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Toluene Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 5.9% |
| Market Size in 2023 | USD 26.46 Billion |
| Market Size by 2032 | USD 44.32 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Derivative Type, By Application, and By Production Process |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
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The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.
Focusing on the global Toluene market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the Toluene market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.
Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of Toluene products across different countries and applications.
Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.
The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.
This in-depth research report offers valuable insights into the Toluene market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.
The competitive landscape section of the report provides detailed information on Toluene market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the Toluene market.
Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Toluene Market Players
- Exxon Mobil Corporation
- Royal Dutch Shell PLC
- TotalEnergies SE
- China Petroleum & Chemical Corporation (Sinopec)
- BP plc
- LyondellBasell Industries N.V.
- Covestro AG
- BASF SE
- Chevron Phillips Chemical Company LLC
- China National Petroleum Corporation (CNPC)
- Braskem S.A.
- Formosa Plastics Corporation
- Indian Oil Corporation Limited (IOCL)
- Valero Energy Corporation
- Mitsui Chemicals, Inc.
Market Segmentations
By Derivative Type
- Benzene & Xylene
- Toluene Diisocyanatos
- Gasoline Additives
- Others
By Application
- Drugs
- Dyes
- Blending
- Cosmetic Nail Products
- Others
By Production Process
- Reformate Processes
- Pygas Processes
- Coke/Coal Processes
- Styrene Processes
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Toluene Market
5.1. COVID-19 Landscape: Toluene Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Toluene Market, By Derivative Type
8.1. Toluene Market Revenue and Volume, by Derivative Type, 2023-2032
8.1.1 Benzene & Xylene
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Toluene Diisocyanatos
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Gasoline Additives
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Others
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Toluene Market, By Application
9.1. Toluene Market Revenue and Volume, by Application, 2023-2032
9.1.1. Drugs
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Dyes
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Blending
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Cosmetic Nail Products
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
9.1.5. Others
9.1.5.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Toluene Market, By Production Process
10.1. Toluene Market Revenue and Volume, by Production Process, 2023-2032
10.1.1. Reformate Processes
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Pygas Processes
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Coke/Coal Processes
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
10.1.4. Styrene Processes
10.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Toluene Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.1.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.1.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.1.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.1.4.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.1.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.1.5.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.2.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.2.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.4.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.2.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.5.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.2.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.6.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.2.7.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.7.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.3.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.4.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.3.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.5.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.3.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.6.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.3.7.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.7.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.4.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.4.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.4.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.5.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.4.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.6.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.4.7.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.7.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.5.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5.4.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Derivative Type (2020-2032)
11.5.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5.5.3. Market Revenue and Volume Forecast, by Production Process (2020-2032)
Chapter 12. Company Profiles
12.1. Exxon Mobil Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Royal Dutch Shell PLC
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. TotalEnergies SE
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. China Petroleum & Chemical Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. BP plc
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. LyondellBasell Industries N.V.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Covestro AG
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Chevron Phillips Chemical Company LL
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. China National Petroleum Corporation
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Braskem S.A.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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