Market Overview:
The global industrial toluene market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for toluene from various end-use industries, such as mechanical, printing and dyeing, electronic, and others. In terms of purity level, the market is segmented into 99.9% and 99.99% purity levels.
Product Definition:
Industrial Toluene is a colorless, water-insoluble liquid with a characteristic odor. It is used principally as an intermediate in the production of benzene, toluene, and xylene.
PurityAbove 99.9%:
Purity Above 99.9% is a new term in the industrial toluene market which means that the product should contain more than 99.9% of its chemical composition. It has been observed that many companies are adding impurities such as trace metals, aromatics and other compounds to lower the cost of end products and increase profit margins but this leads to product degradation and reduces life expectancy of equipment used for processing thus increasing maintenance costs which results into reduced productivity for manufacturers & consumers.
PurityAbove 99.99%:
Purity Above 99.99% (PA99) is a type of polytetramethylene ether glycol (PTMEG). It has the same molecular weight and similar chemical properties as that of normal tetramethylene ether glycol (TEMEG), but with one important exception: its purity level. PA99 is highly purified, having been characterized by gas chromatography-mass spectrometry as well as nuclear magnetic resonance analysis to be more than 99.9%.
Application Insights:
Mechanical was the dominant application segment and accounted for a market share of over 35% in 2017. The product is extensively used in the manufacturing of various mechanical products such as valves, gaskets, bushings, seals and other similar components. In addition to this, it is also utilized in metal working fluids which are used across several end-use industries including construction equipment industry.
The electronic segment is anticipated to witness significant growth over the forecast period owing to increasing demand from various end-use applications such as consumer electronics and semiconductors among others. Electronic grade Toluene offers specific properties required by these devices including low vapor pressure along with high purity level which makes it ideal for use across multiple applications areas globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of manufacturers coupled with cheap labor costs in countries, such as China and India, are some of the major factors contributing to regional growth. In addition, increasing demand for electronic products owing to rapid industrialization and growing population is likely to drive industry expansion over the coming years.
The European market was valued at USD X billion in 2017 and is anticipated to witness steady growth over the forecast period on account of rising product consumption across several end-use industries including printing & dyeing, electronics & electricals, mechanical engineering among others. Increasing R&D activities related Toluene usage for manufacturing various chemicals will further augment regional demand during the estimated time span.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, and printing inks
- Rising production of automobiles across the globe
- Growing investments in infrastructure development projects
- Proliferation of new applications for toluene in various end-use industries
- Technological advancements that have led to the development of more efficient and environment-friendly manufacturing processes for toluene
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Toluene Market Research Report
By Type
PurityAbove 99.9%, PurityAbove 99.99%
By Application
Mechanical, Printing and Dyeing, Electronic, Other
By Companies
Huajinchem, Hebei Qunbang Chemical Co., Ltd., Jiangsu Feiya Chemical Industry Co., Ltd., Shell chemicals, BASF, Exxon Mobil, BP, Reliance Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Toluene Market Report Segments:
The global Industrial Toluene market is segmented on the basis of:
Types
PurityAbove 99.9%, PurityAbove 99.99%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mechanical, Printing and Dyeing, Electronic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Huajinchem
- Hebei Qunbang Chemical Co., Ltd.
- Jiangsu Feiya Chemical Industry Co., Ltd.
- Shell chemicals
- BASF
- Exxon Mobil
- BP
- Reliance Industries
Highlights of The Industrial Toluene Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PurityAbove 99.9%
- PurityAbove 99.99%
- By Application:
- Mechanical
- Printing and Dyeing
- Electronic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Toluene Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial Toluene is a type of solvent that is used in manufacturing. It is a colorless, flammable liquid with a sweet odor.
Some of the major companies in the industrial toluene market are Huajinchem, Hebei Qunbang Chemical Co., Ltd., Jiangsu Feiya Chemical Industry Co., Ltd., Shell chemicals, BASF, Exxon Mobil, BP, Reliance Industries.
The industrial toluene market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Toluene Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Toluene Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Toluene Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Toluene Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Toluene Market Size & Forecast, 2018-2028
4.5.1 Industrial Toluene Market Size and Y-o-Y Growth
4.5.2 Industrial Toluene Market Absolute $ Opportunity
Chapter 5 Global Industrial Toluene Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Toluene Market Size Forecast by Type
5.2.1 PurityAbove 99.9%
5.2.2 PurityAbove 99.99%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Toluene Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Toluene Market Size Forecast by Applications
6.2.1 Mechanical
6.2.2 Printing and Dyeing
6.2.3 Electronic
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Toluene Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Toluene Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Toluene Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Toluene Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Toluene Market Size Forecast by Type
9.6.1 PurityAbove 99.9%
9.6.2 PurityAbove 99.99%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Toluene Market Size Forecast by Applications
9.10.1 Mechanical
9.10.2 Printing and Dyeing
9.10.3 Electronic
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Toluene Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Toluene Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Toluene Market Size Forecast by Type
10.6.1 PurityAbove 99.9%
10.6.2 PurityAbove 99.99%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Toluene Market Size Forecast by Applications
10.10.1 Mechanical
10.10.2 Printing and Dyeing
10.10.3 Electronic
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Toluene Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Toluene Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Toluene Market Size Forecast by Type
11.6.1 PurityAbove 99.9%
11.6.2 PurityAbove 99.99%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Toluene Market Size Forecast by Applications
11.10.1 Mechanical
11.10.2 Printing and Dyeing
11.10.3 Electronic
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Toluene Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Toluene Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Toluene Market Size Forecast by Type
12.6.1 PurityAbove 99.9%
12.6.2 PurityAbove 99.99%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Toluene Market Size Forecast by Applications
12.10.1 Mechanical
12.10.2 Printing and Dyeing
12.10.3 Electronic
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Toluene Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Toluene Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Toluene Market Size Forecast by Type
13.6.1 PurityAbove 99.9%
13.6.2 PurityAbove 99.99%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Toluene Market Size Forecast by Applications
13.10.1 Mechanical
13.10.2 Printing and Dyeing
13.10.3 Electronic
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Toluene Market: Competitive Dashboard
14.2 Global Industrial Toluene Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Huajinchem
14.3.2 Hebei Qunbang Chemical Co., Ltd.
14.3.3 Jiangsu Feiya Chemical Industry Co., Ltd.
14.3.4 Shell chemicals
14.3.5 BASF
14.3.6 Exxon Mobil
14.3.7 BP
14.3.8 Reliance Industries
