Market Overview:
The global toulene 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 toulene from various applications such as intermediates, fuel additives, foam, polymer production, solvents and others. In terms of type, commercial grade toulene is expected to hold a major share in the global toulene market during the forecast period. However, nitration grade and toulene diisocyantes are also projected to witness significant growth during the forecast period owing to their growing demand from various end-use industries.
Product Definition:
Toulene is a colorless, flammable liquid hydrocarbon with a strong odor. It is an important intermediate in the chemical industry.
Commercial:
Commercial is a colorless, flammable liquid derived from petroleum. It has a distinct odor and taste. Commercial is used in various industries such as pharmaceuticals, cosmetics, food & beverages and printing inks among others. The growing demand for the product from these end-use industries coupled with its non-toxic nature makes it safe for human consumption which propels the growth of this segment over the forecast period.
Nitration:
Nitration is a chemical process in which nitrogen gas is absorbed by organic compounds. Nitrogen plays an important role in the agricultural industry as it helps plants grow faster and stronger. However, if excess nitrogen is applied to crops, it can cause damage to plant cells and reduce their lifetimes. This has led to the use of fertilizers that contain limited or no amount of nitrogen for crop cultivation globally.
Application Insights:
Toulene is used as an intermediate chemical in the production of various petrochemicals such as polyethylene, polypropylene, butadiene and styrene. The global demand for terephthalic acid (TPA) which is a key intermediate chemical in the production of these petrochemicals was 97.0 kilotons in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2030 on account of its increasing use across several industries including automotive & transportation and packaging.
The global TPA consumption was 71 kilotons in 2013 which increased steadily over the next four years due to its rising use across several end-use industries including pharmaceuticals where it finds applications as an excipient or carrier solvent for drug substances that are later used during formulation processes or during manufacturing operations respectively.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60% in 2017. The region is expected to witness significant growth on account of rising product demand from end-use industries such as polymers and solvents. In addition, increasing investments by major multinational companies for manufacturing their products are also expected to drive the regional market over the forecast period.
The Asia Pacific was followed by Europe, which accounted for a share of more than 20% in 2017 owing to high production levels coupled with growing demand from several end-use industries across countries including Germany, France and Russia among others. North America is projected to grow at an estimated CAGR exceeding 3% during the forecast period due to increasing use levels for producing various intermediates and fuel additives along with growing polymer production industry across countries such as U.S.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and furniture owing to its properties such as low flammability, non-toxicity, and odorless nature.
- Rising demand for toulene in solvents due to its excellent volatility and chemical stability.
- Growing use of toulene in the production of polymers owing to its high reactivity with other monomers.
- Increasing investment by manufacturers in R&D activities to develop new applications for toulene products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Toulene Market Research Report
By Type
Commercial, Nitration, Toulene Diisocyantes
By Application
Intermediates, Fuel Additives, Foam, Polymer Production, Solvents, Others
By Companies
Exxon Mobil, Covestro, BP, China Petroleum & Chemical Corporation, BASF, Royal Dutch Shell, Formosa, Indian Oil Corporation Ltd, DowDuPont, TOTAL
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Toulene Market Report Segments:
The global Toulene market is segmented on the basis of:
Types
Commercial, Nitration, Toulene Diisocyantes
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
Intermediates, Fuel Additives, Foam, Polymer Production, Solvents, Others
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:
- Exxon Mobil
- Covestro
- BP
- China Petroleum & Chemical Corporation
- BASF
- Royal Dutch Shell
- Formosa
- Indian Oil Corporation Ltd
- DowDuPont
- TOTAL
Highlights of The Toulene 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:
- Commercial
- Nitration
- Toulene Diisocyantes
- By Application:
- Intermediates
- Fuel Additives
- Foam, Polymer Production
- Solvents
- Others
- 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 Toulene 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?
Toulene is a chemical compound with the formula C8H10N4O2. It is a colorless liquid that has a strong odor of garlic.
Some of the major players in the toulene market are Exxon Mobil, Covestro, BP, China Petroleum & Chemical Corporation, BASF, Royal Dutch Shell, Formosa, Indian Oil Corporation Ltd, DowDuPont, TOTAL.
The toulene market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Toulene 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 Toulene Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Toulene 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 Toulene 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 Toulene Market Size & Forecast, 2018-2028
4.5.1 Toulene Market Size and Y-o-Y Growth
4.5.2 Toulene Market Absolute $ Opportunity
Chapter 5 Global Toulene 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 Toulene Market Size Forecast by Type
5.2.1 Commercial
5.2.2 Nitration
5.2.3 Toulene Diisocyantes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Toulene 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 Toulene Market Size Forecast by Applications
6.2.1 Intermediates
6.2.2 Fuel Additives
6.2.3 Foam
6.2.4 Polymer Production
6.2.5 Solvents
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Toulene 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 Toulene 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 Toulene Analysis and Forecast
9.1 Introduction
9.2 North America Toulene 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 Toulene Market Size Forecast by Type
9.6.1 Commercial
9.6.2 Nitration
9.6.3 Toulene Diisocyantes
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 Toulene Market Size Forecast by Applications
9.10.1 Intermediates
9.10.2 Fuel Additives
9.10.3 Foam
9.10.4 Polymer Production
9.10.5 Solvents
9.10.6 Others
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 Toulene Analysis and Forecast
10.1 Introduction
10.2 Europe Toulene 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 Toulene Market Size Forecast by Type
10.6.1 Commercial
10.6.2 Nitration
10.6.3 Toulene Diisocyantes
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 Toulene Market Size Forecast by Applications
10.10.1 Intermediates
10.10.2 Fuel Additives
10.10.3 Foam
10.10.4 Polymer Production
10.10.5 Solvents
10.10.6 Others
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 Toulene Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Toulene 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 Toulene Market Size Forecast by Type
11.6.1 Commercial
11.6.2 Nitration
11.6.3 Toulene Diisocyantes
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 Toulene Market Size Forecast by Applications
11.10.1 Intermediates
11.10.2 Fuel Additives
11.10.3 Foam
11.10.4 Polymer Production
11.10.5 Solvents
11.10.6 Others
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 Toulene Analysis and Forecast
12.1 Introduction
12.2 Latin America Toulene 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 Toulene Market Size Forecast by Type
12.6.1 Commercial
12.6.2 Nitration
12.6.3 Toulene Diisocyantes
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 Toulene Market Size Forecast by Applications
12.10.1 Intermediates
12.10.2 Fuel Additives
12.10.3 Foam
12.10.4 Polymer Production
12.10.5 Solvents
12.10.6 Others
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) Toulene Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Toulene 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) Toulene Market Size Forecast by Type
13.6.1 Commercial
13.6.2 Nitration
13.6.3 Toulene Diisocyantes
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) Toulene Market Size Forecast by Applications
13.10.1 Intermediates
13.10.2 Fuel Additives
13.10.3 Foam
13.10.4 Polymer Production
13.10.5 Solvents
13.10.6 Others
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 Toulene Market: Competitive Dashboard
14.2 Global Toulene Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exxon Mobil
14.3.2 Covestro
14.3.3 BP
14.3.4 China Petroleum & Chemical Corporation
14.3.5 BASF
14.3.6 Royal Dutch Shell
14.3.7 Formosa
14.3.8 Indian Oil Corporation Ltd
14.3.9 DowDuPont
14.3.10 TOTAL
