Toulene Market Research Report- Forecast to 2027

Global Toluene Market Information- By Grade (Commercial, Nitration, And Toulene Diisocyantes), By Application (Intermediates, Fuel Additives, Foam, Polymer Production, Solvents, And Others) And Region- Forecast Till 2027

ID: MRFR/CnM/4126-HCR | February 2021 | Region: Global | 137 pages

Please note that the assessment period of report has been updated from 2016-2023 to 2020-2027. Cordially fill the sample form for updated data.

Synopsis of Toulene market


Toluene is a colorless, liquid, and water-insoluble. It is a mono-substituted compound, consisting of a CH3 group that is attached to a phenyl group. Toluene, also known as methylbenzene, phenylmethane and toluol, is produced primarily by reforming naphtha during the production of gasoline. Toluene is widely used as an industrial raw material and a solvent for manufacturing of many commercial products. Furthermore, it is used in the manufacturing of benzene, p-xylene for polyethylene terephthalate (PET) resins, and toluene diisocyanates (TDI) for polyurethane applications, and as a solvent. It has low volatility due to the methyl group in its chemical structure, which makes it a good octane-enhancer for motor gasoline blending.


As per our analysis, some of the prominent market factors and trends identified in the global toulene market include the rapid use of toluene solvent-based paints & coatings owing to increasing construction activities, rising demand for efficient gasoline, and increasing demand for chemical intermediates made from toluene such as benzene and xylene. Moreover, the demand for toluene is predicted to witness a significant growth over the assessment period due to surging oil & gas industry. Rising crude oil refining across the globe is anticipated to reduce the raw material demand gap, which can drive the market growth during the review period. Increasing automobile production and sales along with rising consumption of lubricants are estimated to fuel the growth of the market. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period, 2017-2023. However, the implementation of strict regulations by various government bodies has restricted the use of toxic organic chemicals used in the production of toluene solvent, which is expected to hamper the growth of the market.


The global toulene market share by application, (2016) (%)


 Toulene Market


Source: MRFR Analysis


Regional Analysis


The global toulene market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow at the highest CAGR during the review period, 2017 to 2023 on account of expanding oil & gas industry. The demand for toulene is predicted to surge in numerous countries of the Asia Pacific such as China, India, Japan, Thailand and Indonesia due to high adoption rate by the crude oil producers. Moreover, the presence of tremendous oil & gas reserves in this region is predicted to reduce the raw material demand gap and propel the growth of the market.


The north American toulene market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In the North American region, the U.S. is predicted to be the major contributor to the regional growth of toulene market and is expected to see a significant demand during the forecast period, 2017-2023. As of 2016, the U.S accounted for the largest market share and is followed by Canada in terms of value & volume. The market is estimated to grow at a moderate CAGR due to growth in the polymer production segment. In Europe, the demand for toulene is predicted to grow in various countries such as Italy, Germany, Spain, the U.K, France, and Russia on account of increased expenditure in innovation and growing purchasing power of consumers. Moreover, the presence of major automobile manufacturers specifically in Germany is expected to give a new impetus to the market growth. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness a substantial growth owing to increasing consumer spending on passenger cars as well as the involvement of new technologies and inventions in toulene. Asia Pacific toulene market is predicted to at a moderate CAGR due to developing crude oil processing and expanding petroleum refineries in the U.A.E, Saudi Arabia, and Kuwait. Moreover, continuous growth of the construction sector in various economies of the Middle East & Africa is expected to raise the demand for toluene solvent-based paints & coatings, which, in turn, is predicted to fuel the demand for toulene over the forecast period, 2017 to 2023.


Segmentation


The global toulene market is categorized on the basis of grade, application, and region. On the basis of the grade, the market is bifurcated into commercial, nitration, and toulene diisocyantes. On the basis of the application, the toulene market is categorized into intermediates, fuel additives, foam, polymer production, solvents, and others. On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.


Key Players


Some of the prominent players operating in the global toulene market are Exxon Mobil Corporation (U.S.), Covestro AG (Germany), BP p.l.c. (U.K), China Petroleum & Chemical Corporation (China), BASF SE (Germany), Royal Dutch Shell plc (the Netherlands), Formosa Chemicals & Fibre Corporation (Taiwan), Indian Oil Corporation Ltd (India), The Dow Chemical Company (U.S), TOTAL S.A. (France), and others.


Intended Audience



  • Toulene manufacturers

  • Traders and Distributors of toulene

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Toulene Market

5 Industry Overview of Global Toulene Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Toulene Market by Grade

7.1 Introduction

7.2 Commercial

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Nitration

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Toulene Diisocyante

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Toulene Market by Application

8.1 Introduction

8.2 Intermediates

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Fuel Additives

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Foam

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Polymer Production

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Solvents

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

8.7 Others

8.7.1 Market Estimates & Forecast, 2020-2027

8.7.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Toulene Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Grade, 2020-2027

9.2.3 Market Estimates & Forecast by Application, 2020-2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Grade, 2020-2027

9.2.4.3 Market Estimates & Forecast by Application, 2020-2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Grade, 2020-2027

9.2.5.3 Market Estimates & Forecast by Application, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Grade, 2020-2027

9.3.3 Market Estimates & Forecast by Application, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Grade, 2020-2027

9.3.4.3 Market Estimates & Forecast by Application, 2020-2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Grade, 2020-2027

9.3.5.2 Market Estimates & Forecast by Application, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Grade, 2020-2027

9.3.6.2 Market Estimates & Forecast by Application, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Grade, 2020-2027

9.3.7.2 Market Estimates & Forecast by Application, 2020-2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Grade, 2020-2027

9.3.8.2 Market Estimates & Forecast by Application, 2020-2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by Grade, 2020-2027

9.3.9.2 Market Estimates & Forecast by Application, 2020-2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast by Grade, 2020-2027

9.3.10.2 Market Estimates & Forecast by Application, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Grade, 2020-2027

9.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Grade, 2020-2027

9.4.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Grade, 2020-2027

9.4.4.3Market Estimates & Forecast by Application, 2020-2027

9.4.5 Japan

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Grade, 2020-2027

9.4.5.3 Market Estimates & Forecast by Application, 2020-2027

9.4.6 Australia

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Grade, 2020-2027

9.4.6.3 Market Estimates & Forecast by Application, 2020-2027

9.4.7 New Zealand

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Grade, 2020-2027

9.4.7.3 Market Estimates & Forecast by Application, 2020-2027

9.4.8 Rest of Asia Pacific

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Grade, 2020-2027

9.4.8.2 Market Estimates & Forecast by Application, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Grade, 2020-2027

9.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Grade, 2020-2027

9.5.4.3 Market Estimates & Forecast by Application, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Grade, 2020-2027

9.5.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Grade, 2020-2027

9.5.6.3 Market Estimates & Forecast by Application, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Grade, 2020-2027

9.5.7.3 Market Estimates & Forecast by Application, 2020-2027

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Grade, 2020-2027

9.5.8.2 Market Estimates & Forecast by Application, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Grade, 2020-2027

9.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast by Grade, 2020-2027

9.6.4.3 Market Estimates & Forecast by Application, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Grade, 2020-2027

9.6.5.3 Market Estimates & Forecast by Application, 2020-2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Grade, 2020-2027

9.6.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020-2027

9.6.7.2 Market Estimates & Forecast by Grade, 2020-2027

9.6.7.3 Market Estimates & Forecast by Application, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 Exxon Mobil Corporation

11.1.1 Company Overview

11.1.2 Grade/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Covestro AG

11.2.1 Company Overview

11.2.2 Grade/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 BP p.l.c.

11.3.1 Company Overview

11.3.2 Grade/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 China Petroleum & Chemical Corporation

11.4.1 Company Overview

11.4.2 Grade/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 BASF SE

11.5.1 Company Overview

11.5.2 Grade/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Royal Dutch Shell plc

11.6.1 Company Overview

11.6.2 Grade/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Formosa Chemicals & Fibre Corporation

11.7.1 Company Overview

11.7.2 Grade/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Indian Oil Corporation Ltd

11.8.1 Company Overview

11.8.2 Grade/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 The Dow Chemical Company

11.9.1 Company Overview

11.9.2 Grade/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 TOTAL S.A.

11.10.1 Company Overview

11.10.2 Grade/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2027)

Table 2 Global Toulene Market: By Region, 2020-2027

Table 3 North America Toulene Market: By Country, 2020-2027

Table 4 Europe Toulene Market: By Country, 2020-2027

Table 5 Asia-Pacific Toulene Market: By Country, 2020-2027

Table 7 Middle East & Africa Toulene Market: By Country, 2020-2027

Table 6 Latin America Toulene Market: By Country, 2020-2027

Table 8 Global Toulene by Grades Market: By Regions, 2020-2027

Table 9 North America Toulene by Grades Market: By Country, 2020-2027

Table 10 Europe Toulene by Grades Market: By Country, 2020-2027

Table11 Asia-Pacific Toulene by Grades Market: By Country, 2020-2027

Table13 Middle East & Africa Toulene by Grades Market: By Country, 2020-2027

Table12 Latin America Toulene by Grades Market: By Country, 2020-2027

Table14 North America Toulene for Application Market: By Country, 2020-2027

Table13 Europe Toulene for Application Market: By Country, 2020-2027

Table14 Asia-Pacific Toulene for Application Market: By Country, 2020-2027

Table16 Middle East & Africa Toulene for Application Market: By Country, 2020-2027

Table15 Latin America Toulene for Application Market: By Country, 2020-2027

Table23 Global Grades Market: By Region, 2020-2027

Table24 Global Application Market: By Region, 2020-2027

Table25 North America Toulene Market, By Country

Table26 North America Toulene Market, By Grades

Table27 North America Toulene Market, By Application

Table28 Europe: Toulene Market, By Country

Table29 Europe: Toulene Market, By Grades

Table30 Europe: Toulene Market, By Application

Table31 Asia-Pacific: Toulene Market, By Country

Table32 Asia-Pacific: Toulene Market, By Grades

Table33 Asia-Pacific: Toulene Market, By Application

Table36 Middle East & Africa: Toulene Market, By Country

Table37 Middle East & Africa Toulene Market, By Grades

Table33 Middle East & Africa: Toulene Market, By Application

Table34 Latin America: Toulene Market, By Country

Table35 Latin America Toulene Market, By Grades

Table33 Latin America: Toulene Market, By Application

LIST OF FIGURES

FIGURE 1 Global Toulene Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Toulene Market

FIGURE 4 Value Chain of Global Toulene Market

FIGURE 5 Share of Global Toulene Market in 2020, by country (in %)

FIGURE 6 Global Toulene Market, 2020-2027,

FIGURE 7 Sub segments of Grade

FIGURE 8 Global Toulene Market size by Grade, 2020

FIGURE 9 Share of Global Toulene Market by Grade, 2020-2027

FIGURE 10 Sub segments of Application

FIGURE 11 Global Toulene Market size by Application, 2020

FIGURE 12 Share of Global Toulene Market by Application, 2020-2027