April 24, 2024

Toluene Market Size to Garner USD 44.32 Billion by 2032

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.

Toluene Market Size 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

Read More: Virtual Reality Headset Market Size to Garner USD 8.2 Billion by 2032

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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