Global Toluene Market By Derivative (Benzene & Xylene, Solvents, Gasoline Additives, Toluene Diisocynate (TDI), Tri Nitro Toluene (TNT) & Others), By Region (APAC, North America, Europe, MEA & South America), Competition, Forecast & Opportunities, 2024

April 2019 | 114 pages | ID: G40F6C75324EN
TechSci Research

Abstracts

Global toluene market was valued a $ 27.3 billion in 2018 and is projected to reach $ 35.9 billion by 2024. Anticipated growth in the market can be attributed to increasing applications of its derivatives in different industries which include construction industry, cosmetics and agriculture. Additionally, growth in end-user industries such as construction, explosives and agrochemicals in regions like Asia-Pacific and Latin America is further anticipated to fuel the growth of the market. Toluene, formerly known as toluol and methylbenzene, is basically an aromatic hydrocarbon that is used as an industrial feedstock as well as a solvent. It is utilized as a solvent in nail polish removers, glues, paint thinners and correction fluids. Additionally, toluene is used in explosives industry in the manufacturing of flammable & explosive compounds, like Trinitrotoluene (TNT), hair dyes and nail products.

Notably, toluene market is segmented based on derivative type and region. Based on derivatives types, global toluene market is classified into benzene & xylene, toluene diisocyanate (TDI), solvent, gasoline additives and tri-nitro toluene (TNT). Benzene & xylene is the dominating segment as toluene (in the form of benzene-toluene-xylene mixtures) are utilized in the blending of petrol and occur as a by-product in the manufacturing of styrene. TDI segment is expected to be the fastest growing market for toluene during forecast period as it is majorly used in the production of PU foams, which are widely used in industries such as, oil & gas, building & construction, and automotive for insulating applications. Furthermore, solvent accounted for the second largest share in global toluene market, owing to its higher demand in manufacturing of cosmetics and paints & coatings industry.

Regionally, global toluene market has been segmented as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions, Asia-Pacific accounts for a substantial share in the market followed by North America. Growth of Asia-Pacific toluene market is led by rising construction activities and growth in cosmetics industry across the region.

Some of the key players operating in global toluene market include, Exxon-Mobil Chemical, Shell, Valero, Reliance Industries, ConocoPhillips, BASF SE, BP Chemicals, China National Petroleum, Mitsui & Co, Sinopec, S.K. Global Chemical Co Ltd. among others.

Years considered for this report:

• Historical Years: 2014-2017
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast global toluene market size.
• To forecast global toluene market based on derivative type and regional distribution.
• To identify drivers and challenges for global toluene market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global toluene market.
• To conduct pricing analysis for toluene market.
• To identify and analyze the profile of leading players involved in the manufacturing of toluene.

Some of the leading players in global toluene market are Exxon-Mobil Chemical, Sinopec, Shell, Reliance Industries, ConocoPhillips, Valero Energy, BASF SE, BP Chemicals, China National Petroleum, Mitsui & Co, among others.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global toluene market.

TechSci Research calculated global toluene market size using a top-down approach, wherein data for various derivatives was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Toluene manufacturers and suppliers
• Major end users
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to toluene market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global toluene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, By Derivative Type:
• Benzene & Xylene
• Solvents
• Toluene Diisocynates (TDI)
• Gasoline Additives
• Tri Nitro Toluene (TNT)
• Others
• Market, By Region:
• Asia-Pacific
• China
• South Korea
• Japan
• India
• Singapore
• Australia
• Rest of Asia-Pacific
• North America
• United States
• Mexico
• Canada
• Europe
• Germany
• Russia
• United Kingdom
• Italy
• France
• Rest of Europe
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Qatar
• South America
• Brazil
• Argentina
• Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global toluene market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

Contents

1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. VOICE OF CUSTOMER

4.1. Factors to be considered for product selection
4.2. Factors influencing purchase decision
4.3. Unmet needs

5. GLOBAL TOLUENE INDUSTRY OVERVIEW

6. GLOBAL TOLUENE MARKET OUTLOOK

6.1. Market Size and Forecast
  6.1.1. By Value & Volume
6.2. Market Share and Forecast
  6.2.1. By Derivatives (Benzene & Xylene, Solvents, Toluene Diisocynate (TDI), Gasoline Additives, Tri Nitro Toluene (TNT), Others)
  6.2.2. By Company
  6.2.3. By Region
6.3. Market Attractive Index

7. ASIA-PACIFIC TOLUENE MARKET OUTLOOK

7.1. Market Size and Forecast
  7.1.1. By Value and Volume
7.2. Market Share & Forecast
  7.2.1. By Derivatives
  7.2.2. By Country
7.3. China Toluene Market Outlook
  7.3.1. Market Size and Forecast
    7.3.1.1. By Value
  7.3.2. Market Share and Forecast
    7.3.2.1. By Derivatives
7.4. South Korea Toluene Market Outlook
  7.4.1. Market Size and Forecast
    7.4.1.1. By Value
  7.4.2. Market Share and Forecast
    7.4.2.1. By Derivatives
7.5. Japan Toluene Market Outlook
  7.5.1. Market Size and Forecast
    7.5.1.1. By Value
  7.5.2. Market Share and Forecast
    7.5.2.1. By Derivatives
7.6. India Toluene Market Outlook
  7.6.1. Market Size and Forecast
    7.6.1.1. By Value
  7.6.2. Market Share and Forecast
    7.6.2.1. By Derivatives
7.7. Singapore Toluene Market Outlook
  7.7.1. Market Size and Forecast
    7.7.1.1. By Value
  7.7.2. Market Share and Forecast
    7.7.2.1. By Derivatives
7.8. Australia Toluene Market Outlook
  7.8.1. Market Size and Forecast
    7.8.1.1. By Value
  7.8.2. Market Share and Forecast
    7.8.2.1. By Derivatives

8. NORTH AMERICA TOLUENE MARKET OUTLOOK

8.1. Market Size and Forecast
  8.1.1. By Value & Volume
8.2. Market Share & Forecast
  8.2.1. By Derivatives
  8.2.2. By Country
8.3. United States Toluene Market Outlook
  8.3.1. Market Size and Forecast
    8.3.1.1. By Value
  8.3.2. Market Share and Forecast
    8.3.2.1. By Derivatives
8.4. Canada Toluene Market Outlook
  8.4.1. Market Size and Forecast
    8.4.1.1. By Value
  8.4.2. Market Share and Forecast
    8.4.2.1. By Derivatives
8.5. Mexico Toluene Market Outlook
  8.5.1. Market Size and Forecast
    8.5.1.1. By Value
  8.5.2. Market Share and Forecast
    8.5.2.1. By Derivatives
    8.5.2.2. By Application

9. EUROPE TOLUENE MARKET OUTLOOK

9.1. Market Size and Forecast
  9.1.1. By Value and Volume
9.2. Market Share & Forecast
  9.2.1. By Derivatives
  9.2.2. By Country
9.3. Germany Toluene Market Outlook
  9.3.1. Market Size and Forecast
    9.3.1.1. By Value
  9.3.2. Market Share and Forecast
    9.3.2.1. By Derivatives
9.4. Russia Toluene Market Outlook
  9.4.1. Market Size and Forecast
    9.4.1.1. By Value
  9.4.2. Market Share and Forecast
    9.4.2.1. By Derivatives
9.5. United Kingdom Toluene Market Outlook
  9.5.1. Market Size and Forecast
    9.5.1.1. By Value
  9.5.2. Market Share and Forecast
    9.5.2.1. By Derivatives
9.6. Italy Toluene Market Outlook
  9.6.1. Market Size and Forecast
    9.6.1.1. By Value
  9.6.2. Market Share and Forecast
    9.6.2.1. By Derivatives
9.7. France Toluene Market Outlook
  9.7.1. Market Size and Forecast
    9.7.1.1. By Value
  9.7.2. Market Share and Forecast
    9.7.2.1. By Derivatives

10. MIDDLE EAST & AFRICA TOLUENE MARKET OUTLOOK

10.1. Market Size and Forecast
  10.1.1. By Value & Volume
10.2. Market Share & Forecast
  10.2.1. By Derivatives Type
  10.2.2. By Country
10.3. Saudi Arabia Toluene Market Outlook
  10.3.1. Market Size and Forecast
    10.3.1.1. By Value
  10.3.2. Market Share and Forecast
    10.3.2.1. By Derivatives
10.4. South Africa Toluene Market Outlook
  10.4.1. Market Size and Forecast
    10.4.1.1. By Value
  10.4.2. Market Share and Forecast
    10.4.2.1. By Derivatives
10.5. Qatar Toluene Market Outlook
  10.5.1. Market Size and Forecast
    10.5.1.1. By Value
  10.5.2. Market Share and Forecast
    10.5.2.1. By Derivatives
10.6. UAE Toluene Market Outlook
  10.6.1. Market Size and Forecast
    10.6.1.1. By Value
  10.6.2. Market Share and Forecast
    10.6.2.1. By Derivatives

11. SOUTH AMERICA TOLUENE MARKET OUTLOOK

11.1. Market Size and Forecast
  11.1.1. By Value & Volume
11.2. Market Share & Forecast
  11.2.1. By Derivatives
  11.2.2. By Country
11.3. Brazil Toluene Market Outlook
  11.3.1. Market Size and Forecast
    11.3.1.1. By Value
  11.3.2. Market Share and Forecast
    11.3.2.1. By Derivatives
11.4. Argentina Toluene Market Outlook
  11.4.1. Market Size and Forecast
    11.4.1.1. By Value
  11.4.2. Market Share and Forecast
    11.4.2.1. By Derivatives
11.5. Colombia Toluene Market Outlook
  11.5.1. Market Size and Forecast
    11.5.1.1. By Value
  11.5.2. Market Share and Forecast
    11.5.2.1. By Derivatives

12. MARKET DYNAMICS

12.1. Drivers
12.2. Challenges

13. MARKET TRENDS & DEVELOPMENTS

14. PRICING ANALYSIS

15. COMPETITIVE LANDSCAPE

15.1. Competition Benchmarking
15.2. Company Profiles (Leading companies)
  15.2.1. Shell
  15.2.2. Exxon-Mobil Chemical
  15.2.3. Valero Energy
  15.2.4. Sinopec
  15.2.5. Reliance Industries
  15.2.6. ConocoPhillips
  15.2.7. BASF SE
  15.2.8. BP Chemicals
  15.2.9. China National Petroleum
  15.2.10. Mitsui & Co
(Note: The companies list can be customized based on the client requirements)

16. STRATEGIC RECOMMENDATIONS

List Of Figures

LIST OF FIGURES

Figure 1: Global Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 2: Global Toluene Market Size, By Volume (‘000 Tons), 2014-2024F
Figure 3: Global Toluene Market Share, By Derivatives, 2014-2024F
Figure 5: Global Toluene Market Share, By Region, 2014-2024F
Figure 6: Global Toluene Market Share, By Company, 2014-2024F
Figure 7: Global Toluene Market Attractiveness Index, By Region, By Value, 2014-2024F
Figure 8: Global Toluene Market Attractiveness Index, By Derivatives, By Value, 2014-2024F
Figure 9: Asia – Pacific Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 10: Asia – Pacific Toluene Market Size, By Volume (‘’000 Tons), 2014-2024F
Figure 11: Asia – Pacific Toluene Market Share, By Derivatives, 2014-2024F
Figure 12: Asia – Pacific Toluene Market Share, By Country, 2014-2024F
Figure 13: Asia – Pacific Toluene Market Attractiveness Index, By Country, By Value, 2014-2024F
Figure 14: Asia – Pacific Toluene Market Attractiveness Index, By Derivatives, By Value, 2014-2024F
Figure 15: China Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 16: China Toluene Market Share, By Derivatives, 2014-2024F
Figure 17: South Korea Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 18: South Korea Toluene Market Share, By Derivatives, 2014-2024F
Figure 19: Japan Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 20: Japan Toluene Market Share, By Derivatives, 2014-2024F
Figure 21: India Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 22: India Toluene Market Share, By Derivatives, 2014-2024F
Figure 23: Singapore Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 24: Singapore Toluene Market Share, By Derivatives, 2014-2024F
Figure 25: Australia Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 26: Australia Toluene Market Share, By Derivatives, 2014-2024F
Figure 27: North America Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 28: North America Toluene Market Size, By Volume (‘’000 Tons), 2014-2024F
Figure 29: North America Toluene Market Share, By Derivatives, 2014-2024F
Figure 30: North America Toluene Market Share, By Country, 2014-2024F
Figure 31: North America Toluene Market Attractiveness Index, By Country, By Value, 2014-2024F
Figure 32: North America Toluene Market Attractiveness Index, By Derivatives, By Value, 2014-2024F
Figure 33: United States Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 34: United States Toluene Market Share, By Derivatives, 2014-2024F
Figure 35: Canada Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 36: Canada Toluene Market Share, By Derivatives, 2014-2024F
Figure 37: Mexico Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 38: Mexico Toluene Market Share, By Derivatives, 2014-2024F
Figure 39: Europe Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 40: Europe Toluene Market Size, By Volume (‘’000 Tons), 2014-2024F
Figure 41: Europe Toluene Market Share, By Derivatives, 2014-2024F
Figure 42: Europe Toluene Market Share, By Country, 2014-2024F
Figure 43: Europe Toluene Market Attractiveness Index, By Country, By Value, 2014-2024F
Figure 44: Europe Toluene Market Attractiveness Index, By Derivatives, By Value, 2014-2024F
Figure 45: Germany Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 46: Germany Toluene Market Share, By Derivatives, 2014-2024F
Figure 47: Russia Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 48: Russia Toluene Market Share, By Derivatives, 2014-2024F
Figure 49: United Kingdom Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 50: United Kingdom Toluene Market Share, By Derivatives, 2014-2024F
Figure 51: Italy Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 52: Italy Toluene Market Share, By Derivatives, 2014-2024F
Figure 53: France Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 54: France Toluene Market Share, By Derivatives, 2014-2024F
Figure 55: Middle East & Africa Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 56: Middle East & Africa Toluene Market Size, By Volume (‘’000 Tons), 2014-2024F
Figure 57: Middle East & Africa Toluene Market Share, By Derivatives, 2014-2024F
Figure 58: Middle East & Africa Toluene Market Share, By Country, 2014-2024F
Figure 59: Middle East & Africa Toluene Market Attractiveness Index, By Country, By Value, 2014-2024F
Figure 60: Middle East & Africa Toluene Market Attractiveness Index, By Derivatives, By Value, 2014-2024F
Figure 61: Saudi Arabia Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 62: Saudi Arabia Toluene Market Share, By Derivatives, 2014-2024F
Figure 63: South Africa Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 64: South Africa Toluene Market Share, By Derivatives, 2014-2024F
Figure 65: Qatar Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 66: Qatar Toluene Market Share, By Derivatives, 2014-2024F
Figure 67: UAE Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 68: UAE Toluene Market Share, By Derivatives, 2014-2024F
Figure 69: South America Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 70: South America Toluene Market Size, By Volume (‘’000 Tons), 2014-2024F
Figure 71: South America Toluene Market Share, By Derivatives, 2014-2024F
Figure 72: South America Toluene Market Share, By Country, 2014-2024F
Figure 73: South America Toluene Market Attractiveness Index, By Country, By Value, 2014-2024F
Figure 74: South America Toluene Market Attractiveness Index, By Derivatives, By Value, 2014-2024F
Figure 74: Brazil Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 76: Brazil Toluene Market Share, By Derivatives, 2014-2024F
Figure 77: Argentina Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 78: Argentina Toluene Market Share, By Derivatives, 2014-2024F
Figure 79: Colombia Toluene Market Size, By Value (USD Million), 2014-2024F
Figure 80: Colombia Toluene Market Share, By Derivatives, 2014-2024F