Toluene Market Size, Share, Analysis & Forecast, 2035

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Toluene Market Analysis Plant Capacity,
Production, Operating Efficiency, Process,
Technology, Demand Supply, End-User Industries,
Distribution Channel, Regional Demand, 2015-2035
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Toluene Market experienced considerable growth as
its demand reached 25.9 million tonnes in 2022
and is expected to achieve a healthy CAGR of
5.15 during the forecast period. Toluene, also
known as Toluol, is a seven-carbon aromatic
hydrocarbon that is clear and colorless in
nature. Toluene is primarily utilized in the
synthesis of various chemical derivatives like
Toluene Diisocyanate (TDI), Benzoic Acid, and
others. It is extensively used as a solvent and
an industrial feedstock. Since the organic
compound is regarded as a universal solvent, it
can be directly used in disinfectants, thinners,
paints, foams, cleaning agents, adhesives, fuel
additives, etc. It also finds its applications in
the transportation sector as an octane booster
for gasoline with high RON. The increasing demand
for aromatics in the petrochemical industry to
produce elastomers, agrochemicals, dyes, etc., is
driving the market around the world as it is
regarded as an aromatic compound due to the
presence of benzene ring in its chemical
structure. Industrial production of Toluene is
done via two methods. In the first method, it is
extracted from the pyrolysis of gasoline, which
in turn is produced from Naphtha cracking. In the
second method, it is extracted from reformate,
which is also produced from heavy Naphtha
cracking. The demand for Toluene is expected to
showcase a downward trajectory in some of the
segments in the upcoming years due to
restrictions on its consumption as it has a
significant level of toxicity. However, with the
toxicity of Toluene being much less in comparison
to Benzene, it serves as a viable replacement for
the latter in some applications. Read Full
Report Here _at_ https//www.chemanalyst.com/industry
-report/toluene-market-665 Based on the
derivative types, the Toluene market is segmented
into Benzene and Xylene, Solvents, Gasoline
Additives, Toluene Diisocyanate, and others (TNT,
Benzoic acid, Benzaldehyde). The Benzene and
Xylene segment accounts for the largest market
share of 56.45 in 2021, owing to the increased
usage of Benzene in textile industries and Xylene
in paints and coatings and chemical industries.
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• On the basis of end-use, the market is segregated
  into building and construction, automotive, oil
  and gas, paints and coatings, pharmaceuticals,
  and others. Among these, the paints and coatings
  sector dominated the Toluene market across the
  globe with a market share of 24.78 and is
  expected to maintain its dominance in the
  forecast period as well. The building and
  construction segment is also expected to witness
  robust growth in the next few years owing to the
  number of construction projects lined up, which
  will further boost the demand for Toluene in the
  future.
• In 2020, the sudden outbreak of COVID-19 had a
  far-reaching impact on the Toluene market across
  the globe. Several downstream industries,
  businesses, and other facilities were severely
  affected in the first half of 2020 due to the
  nationwide lockdowns imposed by the government
  authorities. Amidst the looming concern, the
  demand for Toluene was severely hindered around
  the world, followed by the disrupted supply
  chain. The market growth post-pandemic
  demonstrated an upward trajectory due to the
  increased demand for Toluene from the paint and
  coatings industry.
• Regional Outlook
• Among different regions, the Asia Pacific region
  dominated the Toluene market in 2021 with a share
  of 48.53 and is likely to maintain its dominance
  in the forecast period as well. The increasing
  production of Toluene in China due to its high
  demand in automotive, paints and coatings, and
  other downstream industries is driving the
  Toluene market across the Asia Pacific region.
  Followed by the APAC region, North America holds
  the second-largest share of Toluene in terms of
  demand.
• Major Players
• Exxon Mobil Corporation (USA)
• SK Global Corporation Limited (South Korea)
• Zhenhai Refining and Chemical Company (China)
• Marathon Petroleum Corporation (USA)

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• PetroChina Company Ltd.
• Flint Hills Resources LLC (USA)
• Sinopec Shanghai Petrochemical Co. Ltd. (China)
• Formosa Chemical Fibre Corporation (Taiwan)
• Cepsa (Spain)
• CNOOC Limited (China)
• Hengli Petrochemical (Dalian Complex) Co. Ltd.
  (China)
• LyondellBasell Industries N.V. (USA)
• SINOPEC Jinling Petrochemical Co. (China)
• Cenovus Energy Inc (USA)
• BASF Total Petrochemicals LLC (USA)
• Dow Chemical Company Ltd. (Germany) and Others.
• Years considered for this report
• Historical Period 2015-2020
• Base Year 2021
• Estimated Year 2022
• Forecast Period 20232035
• Objective of the Study

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• To analyse and forecast the market size of
  Toluene.
• To classify and forecast Toluene market based on
  application, technology, end-use and regional
  distribution.
• To identify drivers and challenges for Toluene
  market.
• To examine competitive developments such as
  expansions, new product launches, mergers
  acquisitions, etc., in Toluene market.
• To identify and analyse the profile of leading
  players involved in the manufacturing of Toluene.

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Report Scope In this report, Toluene market has
been segmented into following categories, in
addition to the industry trends which have also
been detailed below
Attribute Details
Market size volume in 2022 25.9 million tonnes
Growth Rate CAGR of 5.15 from 2022 to 2035
Base year for estimation 2021
Historic Data 2015  2020
Forecast period 2023 2035
Quantitative units Demand in Million Tonnes and CAGR from 2022 to 2035
Report coverage Revenue forecast, demand supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered 1. Derivatives Type (Benzene and Xylene, Solvents, Gasoline Additives, Toluene Diisocyanate, and others (TNT, Benzoic acid, Benzaldehyde) 2. End-Use (Building and Construction, Automotive, Oil and Gas, Paints and Coatings, Pharmaceuticals, and Others) 3. Sales Channel (Direct Company Sale, Direct Import, Distributors Traders) 4. Process Technology
Regional scope North America Europe Asia Pacific South America Middle East Africa
Country scope United States Mexico Canada China India Japan South Korea Taiwan Singapore Germany Belgium France United Kingdom Spain Italy Sweden Austria Saudi Arabia Iran South Africa Brazil Argentina
Key companies profiled Exxon Mobil Corporation (USA), SK Global Corporation Limited (South Korea), Zhenhai Refining and Chemical Company (China), Marathon Petroleum Corporation (USA), PetroChina Company Ltd., Flint Hills Resources LLC (USA), Sinopec Shanghai Petrochemical Co. Ltd. (China), Formosa Chemical Fibre Corporation (Taiwan), Cepsa (Spain), CNOOC Limited (China), Hengli Petrochemical (Dalian Complex) Co. Ltd. (China), LyondellBasell Industries N.V. (USA), SINOPEC Jinling Petrochemical Co. (China), Cenovus Energy Inc (USA), BASF Total Petrochemicals LLC (USA), Dow Chemical Company Ltd. (Germany) and Others
Customization scope Free report customization with purchase. Addition or alteration to country, regional segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options
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• Table of Contents
• Global Toluene Market Outlook, 2015-2035
• Capacity, By Volume
• By Company
• Production, By Volume
• By Company
• Operating Efficiency
• By Company
• Global Toluene Demand Outlook, 2015-2035, By
  Volume
• By Technology
• By End-Use
• By Region
• By Company
• North America Toluene Market Outlook, 2015-2035
• Capacity, By Volume
• By Country
• Production
• By Country
• Operating Efficiency

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