Toluene Market by Production Process (Reformate Processes, Pygas Processes, Styrene Processes, Coke/Coal Processes) Derivative Type (Benzene & Xylene, Toluene Diisocynates, Gasoline Additives, Others) Application (Building and Construction, Automotive, Oil and Gas, Paints and Coatings, Pharmaceuticals and Others) by Region Global Trends and Forecast from 2022 to 2029

Published on: May 2023
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Number Of Pages:151

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Market Size	CAGR	Dominating Region
USD 35.06 billion by 2029	4.73%	Asia Pacific

By Production Process	By Derivative Type	By Application
Reformate Processes Pygas Processes Styrene Processes Coke/Coal Processes	Benzene & Xylene Toluene Diisocynates Gasoline Additives Others	Building And Construction, Automotive, Oil And Gas, Paints And Coatings, Pharmaceuticals, And Others

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Toluene Market Overview

The global toluene market size was valued at USD 23.13 billion in 2020, and projected to reach USD 35.06 billion by 2029, with a CAGR of 4.73% from 2022 to 2029.

Toluene is a colorless liquid that is insoluble in water, combustible, volatile, and has a benzene-like odor similar to paint thinner. It is derived from tolu trees and extracted with crude oils. Other names for it include phenylmethane, methylbenzene, antisal, and, historically, toluol. It is also used to clean chips and wafers. Toluene is produced as a byproduct of coal-based processes used to produce coke fuel and gasoline. Toluene was created by first combining coal tar and petroleum, then combining it with gasoline to increase its octane rating. It is well-known for its use in the production of a variety of commercial and industrial products such as paint thinners, nail polish exfoliator, correction fluid, and model glue.

Some toluene-containing products are used for recreational activities due to their intoxicating effect. As a result, sales of such items are regulated by appropriate jurisdiction in some areas. Another negative effect of toluene on the human body is neurological damage. It can cause confusion, tiredness, weakness, and memory, vision, and hearing loss in small to moderate amounts. If the exposure is prolonged, the symptoms may worsen and even result in death. As a result, professionals who work with toluene products wear masks to limit inhalation of the compound.

ATTRIBUTE	DETAILS
Study period	2020-2029
Base year	2021
Estimated year	2022
Forecasted year	2022-2029
Historical period	2018-2020
Unit	Value (USD Billion) (KILOTONS)
Segmentation	By Production Process, By Derivative Type, By Application, By Region.
By Production Process	Reformate Processes Pygas Processes Styrene Processes Coke/Coal Processes
By Derivative Type	Benzene & Xylene Toluene Diisocynates Gasoline Additives Others
By Application	Building and Construction, Automotive, Oil and Gas, Paints and Coatings, Pharmaceuticals, and Others
By Region	North America Europe Asia Pacific South America Middle East and Africa

Toluene is in high demand due to its growing use in gasoline blends. Because of its low sensitivity and high-octane ratings, toluene is also best suited for use as fuel in heavily loaded engines. An increase in the demand for aromatics in the petroleum industry is also an indirect factor contributing to the growth of the toluene market.

Toluene adoption is expected to increase in rapidly growing industries such as oil and gas, petrochemical, building and construction, paints, printing, rubber, and resins. Rising demand for toluene-derived chemical intermediates such as benzene and xylene, combined with rising demand for aromatics in the petrochemical industry for the production of synthetic fibers, elastomers, agrochemicals, dyes, and nail paints in emerging economies, is expected to drive toluene market growth. Furthermore, rising demand for solvent-based paints and coatings as a result of increased construction and infrastructure development is expected to drive global toluene market growth. Furthermore, rapid urbanization and rising disposable income in developing countries are expected to drive market growth over the forecast period.

Rising environmental concerns about the toxic effects of toluene chemicals could stymie demand and limit growth in the global toluene market over the forecast period. Stringent rules and regulations imposed by regulatory bodies may also impede market growth in the long run. The US Environmental Protection Agency (EPA) has imposed strict limits on the amount and content of Volatile Organic Compounds (VOC) in products.

Toluene is a versatile chemical that is widely used in a wide range of industries, including paints, coatings, adhesives, and polymers. The global toluene market is expected to expand steadily in the coming years as demand from various end-use industries rises. Toluene is a solvent used in the manufacture of fragrances and flavours. The growing demand for fragrances and flavours in the cosmetics and food industries is expected to drive toluene demand. Toluene is a solvent used in the manufacture of construction adhesives and coatings. The expanding construction industry, particularly in developing countries, is expected to drive toluene demand. The toluene market offers numerous opportunities in the aforementioned end-use industries.

Toluene Market Segment Analysis

when determined by the production process, The reformate processes category dominated the global market in 2022 and is expected to grow at a CAGR of 5.7% during the forecast period. The reformate process, which is one of the main production processes for aromatic hydrocarbons like benzene and toluene, is credited with the increase. Furthermore, the growing use of the reformate process for producing toluene in a variety of end-use industries such as oil and gas, paints and coatings, cosmetics, pharmaceuticals, and others is driving the reformate processes segment’s rise in the toluene market.

The market is divided into derivatives such as toluene diisocyanates, gasoline additives, benzene & xylene, and others. The benzene and xylene segment is expected to grow at a CAGR of 5.6 during the forecast period, owing to rising demand for its derivatives, such as polyethylene terephthalate and polystyrene, in a variety of applications. Furthermore, rising demand for coatings and sealants to reduce leaks is expected to propel segment growth even further.

The market is divided into building and construction, automotive, oil and gas, paints and coatings, pharmaceuticals, and others based on end-use. Among these, the paints and coatings sector dominated the global Toluene market with a 24.83% market share and is expected to maintain its dominance during the forecast period as well. The building and construction segment is also expected to grow rapidly in the coming years due to the large number of construction projects planned, which will increase demand for Toluene in the future.

Toluene Market Key Players

The global market is fragmented in nature with the presence of various key players such BASF, BP Chemicals, ConocoPhillips, ExxonMobil Chemicals, Mitsui Chemicals, Reliance Industries, Shell, Sinopec, Valero Energy, Chevron Phillips Chemical, LyondellBasell Industries, Indian Oil Corporation Limited, Bharat Petroleum Corporation along with medium and small-scale regional players operating in different parts of the world. Major companies in the market compete in terms of application development capability, product launches, and development of new technologies for product formulation.

Industry Development:

November 9, 2022 – Mitsui Chemicals, Inc. has obtained certification for several products through the International Sustainability and Carbon Certification (ISCC) PLUS system for certifying sustainable products. Mitsui Chemicals continued its efforts to acquire ISCC PLUS certification across the Mitsui Chemicals Group, with the goal of expanding the social implementation of biomass-based products under a mass balance system and contributing to further advances in society’s use of biomass.

September 12, 2022 – Covestro introduced more environmentally friendly polyether polyols made from bio-circular raw materials.

Who Should Buy? Or Key stakeholders

Toluene Manufacturers
Toluene Suppliers
Distributors
Government Bodies
Market Research Organizations
Consulting Firms
Toluene Dealers
End Users
Raw Material Suppliers

Toluene Market Regional Analysis

Geographically, the refrigeration oil market is segmented into North America, South America, Europe, APAC and MEA.

North America: includes the US, Canada, Mexico
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

The Asia-Pacific region is the largest toluene market, accounting for more than 47% of the global market. This region is expected to grow significantly due to rising toluene demand from various end-use industries such as automotive, construction, and packaging. China is the region’s largest toluene consumer, followed by Japan, South Korea, and India.

North America is the second-largest market for toluene, owing to rising demand for solvents and chemicals from industries such as paints and coatings, adhesives, and polymers. The United States is the region’s largest toluene consumer, followed by Canada and Mexico.

Key Market Segments: Toluene Market

Toluene Market By Production Process, 2020-2029, (USD Billion) (Kilotons)

Reformate Processes
Pygas Processes
Styrene Processes
Coke/Coal Processes

Toluene Market By Derivative Type, 2020-2029, (USD Billion) (Kilotons)

Benzene & Xylene
Toluene Diisocynates
Gasoline Additives
Others

Toluene Market By Application, 2020-2029, (USD Billion) (Kilotons)

Building And Construction,
Automotive,
Oil And Gas,
Paints And Coatings,
Pharmaceuticals, And
Others

Toluene Market By Region, 2020-2029, (USD Billion) (Kilotons)

North America
Europe
Asia Pacific
South America
Middle East And Africa

Important Countries In All Regions Are Covered

Exactitude Consultancy Services Key Objectives:

Increasing sales and market share
Developing new technology
Improving profitability
Entering new markets
Enhancing brand reputation

Key Question Answered

What is the expected growth rate of the toluene market over the next 7 years?
Who are the major players in the toluene market and what is their market share?
What are the end-user industries driving demand for market and what is their outlook?
What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
How is the economic environment affecting the toluene market, including factors such as interest rates, inflation, and exchange rates?
What is the expected impact of government policies and regulations on toluene market?
What is the current and forecasted size and growth rate of the global toluene market?
What are the key drivers of growth in the toluene market?
Who are the major players in the market and what is their market share?
What are the distribution channels and supply chain dynamics in the toluene market?
What are the technological advancements and innovations in the toluene market and their impact on product development and growth?
What are the regulatory considerations and their impact on the market?
What are the challenges faced by players in the toluene market and how are they addressing these challenges?
What are the opportunities for growth and expansion in the toluene market?
What are the product offerings and specifications of leading players in the market?
What is the pricing trend of toluene in the market and what is the impact of raw material prices on the price trend?

INTRODUCTION
1. MARKET DEFINITION
2. MARKET SEGMENTATION
3. RESEARCH TIMELINES
4. ASSUMPTIONS AND LIMITATIONS
RESEARCH METHODOLOGY
1. DATA MINING
  1. SECONDARY RESEARCH
  2. PRIMARY RESEARCH
  3. SUBJECT-MATTER EXPERTS’ ADVICE
2. QUALITY CHECKS
  1. FINAL REVIEW
3. DATA TRIANGULATION
  1. BOTTOM-UP APPROACH
  2. TOP-DOWN APPROACH
  3. RESEARCH FLOW
4. DATA SOURCES
EXECUTIVE SUMMARY
MARKET OVERVIEW
1. TOLUENE MARKET OUTLOOK
  1. MARKET DRIVERS
  2. MARKET RESTRAINTS
  3. MARKET OPPORTUNITIES
2. IMPACT OF COVID-19 ON TOLUENE MARKET
3. PORTER’S FIVE FORCES MODEL
  1. THREAT FROM NEW ENTRANTS
  2. THREAT FROM SUBSTITUTES
  3. BARGAINING POWER OF SUPPLIERS
  4. BARGAINING POWER OF CUSTOMERS
  5. DEGREE OF COMPETITION
4. INDUSTRY VALUE CHAIN ANALYSIS
TOLUENE MARKET BY PRODUCTION PROCESS, 2020-2029, (USD BILLION) (KILOTONS)
1. REFORMATE PROCESSES
2. PYGAS PROCESSES
3. STYRENE PROCESSES
4. COKE/COAL PROCESSES
GLOBAL TOLUENE MARKET BY DERIVATIVE TYPE, 2020-2029, (USD BILLION) (KILOTONS)
1. BENZENE & XYLENE
2. TOLUENE DIISOCYNATES
3. GASOLINE ADDITIVES
4. OTHERS
GLOBAL TOLUENE MARKET BY APPLICATION, 2020-2029, (USD BILLION) (KILOTONS)
1. BUILDING AND CONSTRUCTION,
2. AUTOMOTIVE,
3. OIL AND GAS,
4. PAINTS AND COATINGS,
5. PHARMACEUTICALS, AND
6. OTHERS
GLOBAL TOLUENE MARKET BY REGION, 2020-2029, (USD BILLION) (KILOTONS)
1. NORTH AMERICA
  1. US
  2. CANADA
  3. MEXICO
2. SOUTH AMERICA
  1. BRAZIL
  2. ARGENTINA
  3. COLOMBIA
  4. REST OF SOUTH AMERICA
3. EUROPE
  1. GERMANY
  2. UK
  3. FRANCE
  4. ITALY
  5. SPAIN
  6. RUSSIA
  7. REST OF EUROPE
4. ASIA PACIFIC
  1. INDIA
  2. CHINA
  3. JAPAN
  4. SOUTH KOREA
  5. AUSTRALIA
  6. SOUTH-EAST ASIA
  7. REST OF ASIA PACIFIC
5. MIDDLE EAST AND AFRICA
  1. UAE
  2. SAUDI ARABIA
  3. SOUTH AFRICA
  4. REST OF MIDDLE EAST AND AFRICA

COMPANY PROFILES*

(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)

BASF
BP CHEMICALS
CONOCOPHILLIPS
EXXONMOBIL CHEMICALS
MITSUI CHEMICALS
RELIANCE INDUSTRIES
SHELL
SINOPEC
VALERO ENERGY
CHEVRON PHILLIPS CHEMICAL
LYONDELLBASELL INDUSTRIES
INDIAN OIL CORPORATION LIMITED
BHARAT PETROLEUM CORPORATION

*THE COMPANY LIST IS INDICATIVE

LIST OF TABLES

TABLE 1 GLOBAL TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 2 GLOBAL TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 3 GLOBAL TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 4 GLOBAL TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 5 GLOBAL TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 6 GLOBAL TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 7 GLOBAL TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 8 GLOBAL TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 9 NORTH AMERICA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 10 NORTH AMERICA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 11 NORTH AMERICA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 12 NORTH AMERICA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 13 NORTH AMERICA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 14 NORTH AMERICA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 15 NORTH AMERICA TOLUENE MARKET BY COUNTRY (USD BILLION) 2020-2029

TABLE 16 NORTH AMERICA TOLUENE MARKET BY COUNTRY (KILOTONS) 2020-2029

TABLE 17 US TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 18 US TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 19 US TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 20 US TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 21 US TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 22 US TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 23 US TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 24 US TOLUENE MARKET BY REGION(KILOTONS) 2020-2029

TABLE 25 CANADA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 26 CANADA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 27 CANADA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 28 CANADA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 29 CANADA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 30 CANADA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 31 CANADA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 32 CANADA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 33 MEXICO TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 34 MEXICO TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 35 MEXICO TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 36 MEXICO TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 37 MEXICO TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 38 MEXICO TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 39 MEXICO TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 40 MEXICO TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 41 SOUTH AMERICA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 42 SOUTH AMERICA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 43 SOUTH AMERICA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 44 SOUTH AMERICA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 45 SOUTH AMERICA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 46 SOUTH AMERICA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 47 SOUTH AMERICA TOLUENE MARKET BY COUNTRY (USD BILLION) 2020-2029

TABLE 48 SOUTH AMERICA TOLUENE MARKET BY COUNTRY (KILOTONS) 2020-2029

TABLE 49 BRAZIL TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 50 BRAZIL TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 51 BRAZIL TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 52 BRAZIL TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 53 BRAZIL TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 54 BRAZIL TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 55 BRAZIL TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 56 BRAZIL TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 57 ARGENTINA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 58 ARGENTINA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 59 ARGENTINA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 60 ARGENTINA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 61 ARGENTINA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 62 ARGENTINA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 63 ARGENTINA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 64 ARGENTINA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 65 COLOMBIA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 66 COLOMBIA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 67 COLOMBIA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 68 COLOMBIA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 69 COLOMBIA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 70 COLOMBIA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 71 COLOMBIA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 72 COLOMBIA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 73 REST OF SOUTH AMERICA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 74 REST OF SOUTH AMERICA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 75 REST OF SOUTH AMERICA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 76 REST OF SOUTH AMERICA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 77 REST OF SOUTH AMERICA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 78 REST OF SOUTH AMERICA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 79 REST OF SOUTH AMERICA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 80 REST OF SOUTH AMERICA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 81 ASIA-PACIFIC TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 82 ASIA-PACIFIC TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 83 ASIA-PACIFIC TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 84 ASIA-PACIFIC TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 85 ASIA-PACIFIC TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 86 ASIA-PACIFIC TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 87 ASIA-PACIFIC TOLUENE MARKET BY COUNTRY (USD BILLION) 2020-2029

TABLE 88 ASIA-PACIFIC TOLUENE MARKET BY COUNTRY (KILOTONS) 2020-2029

TABLE 89 INDIA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 90 INDIA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 91 INDIA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 92 INDIA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 93 INDIA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 94 INDIA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 95 INDIA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 96 INDIA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 97 CHINA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 98 CHINA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 99 CHINA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 100 CHINA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 101 CHINA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 102 CHINA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 103 CHINA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 104 CHINA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 105 JAPAN TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 106 JAPAN TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 107 JAPAN TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 108 JAPAN TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 109 JAPAN TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 110 JAPAN TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 111 JAPAN TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 112 JAPAN TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 113 SOUTH KOREA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 114 SOUTH KOREA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 115 SOUTH KOREA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 116 SOUTH KOREA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 117 SOUTH KOREA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 118 SOUTH KOREA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 119 SOUTH KOREA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 120 SOUTH KOREA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 121 AUSTRALIA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 122 AUSTRALIA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 123 AUSTRALIA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 124 AUSTRALIA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 125 AUSTRALIA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 126 AUSTRALIA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 127 AUSTRALIA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 128 AUSTRALIA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 129 SOUTH-EAST ASIA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 130 SOUTH-EAST ASIA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 131 SOUTH-EAST ASIA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 132 SOUTH-EAST ASIA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 133 SOUTH-EAST ASIA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 134 SOUTH-EAST ASIA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 135 SOUTH-EAST ASIA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 136 SOUTH-EAST ASIA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 137 REST OF ASIA PACIFIC TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 138 REST OF ASIA PACIFIC TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 139 REST OF ASIA PACIFIC TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 140 REST OF ASIA PACIFIC TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 141 REST OF ASIA PACIFIC TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 142 REST OF ASIA PACIFIC TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 143 REST OF ASIA PACIFIC TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 144 REST OF ASIA PACIFIC TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 145 EUROPE TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 146 EUROPE TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 147 EUROPE TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 148 EUROPE TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 149 EUROPE TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 150 EUROPE TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 151 EUROPE TOLUENE MARKET BY COUNTRY (USD BILLION) 2020-2029

TABLE 152 EUROPE TOLUENE MARKET BY COUNTRY (KILOTONS) 2020-2029

TABLE 153 GERMANY TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 154 GERMANY TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 155 GERMANY TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 156 GERMANY TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 157 GERMANY TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 158 GERMANY TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 159 GERMANY TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 160 GERMANY TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 161 UK TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 162 UK TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 163 UK TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 164 UK TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 165 UK TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 166 UK TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 167 UK TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 168 UK TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 169 FRANCE TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 170 FRANCE TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 171 FRANCE TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 172 FRANCE TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 173 FRANCE TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 174 FRANCE TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 175 FRANCE TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 176 FRANCE TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 177 ITALY TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 178 ITALY TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 179 ITALY TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 180 ITALY TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 181 ITALY TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 182 ITALY TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 183 ITALY TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 184 ITALY TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 185 SPAIN TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 186 SPAIN TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 187 SPAIN TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 188 SPAIN TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 189 SPAIN TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 190 SPAIN TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 191 SPAIN TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 192 SPAIN TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 193 RUSSIA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 194 RUSSIA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 195 RUSSIA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 196 RUSSIA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 197 RUSSIA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 198 RUSSIA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 199 RUSSIA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 200 RUSSIA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 201 REST OF EUROPE TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 202 REST OF EUROPE TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 203 REST OF EUROPE TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 204 REST OF EUROPE TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 205 REST OF EUROPE TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 206 REST OF EUROPE TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 207 REST OF EUROPE TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 208 REST OF EUROPE TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 209 MIDDLE EAST AND AFRICA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 210 MIDDLE EAST AND AFRICA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 211 MIDDLE EAST AND AFRICA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 212 MIDDLE EAST AND AFRICA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 213 MIDDLE EAST AND AFRICA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 214 MIDDLE EAST AND AFRICA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 215 MIDDLE EAST AND AFRICA TOLUENE MARKET BY COUNTRY (USD BILLION) 2020-2029

TABLE 216 MIDDLE EAST AND AFRICA TOLUENE MARKET BY COUNTRY (KILOTONS) 2020-2029

TABLE 217 UAE TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 218 UAE TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 219 UAE TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 220 UAE TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 221 UAE TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 222 UAE TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 223 UAE TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 224 UAE TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 225 SAUDI ARABIA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 226 SAUDI ARABIA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 227 SAUDI ARABIA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 228 SAUDI ARABIA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 229 SAUDI ARABIA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 230 SAUDI ARABIA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 231 SAUDI ARABIA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 232 SAUDI ARABIA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 233 SOUTH AFRICA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 234 SOUTH AFRICA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 235 SOUTH AFRICA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 236 SOUTH AFRICA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 237 SOUTH AFRICA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 238 SOUTH AFRICA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 239 SOUTH AFRICA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 240 SOUTH AFRICA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

TABLE 241 REST OF MIDDLE EAST AND AFRICA TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

TABLE 242 REST OF MIDDLE EAST AND AFRICA TOLUENE MARKET BY PRODUCTION PROCESS (KILOTONS) 2020-2029

TABLE 243 REST OF MIDDLE EAST AND AFRICA TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

TABLE 244 REST OF MIDDLE EAST AND AFRICA TOLUENE MARKET BY DERIVATIVE TYPE (KILOTONS) 2020-2029

TABLE 245 REST OF MIDDLE EAST AND AFRICA TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

TABLE 246 REST OF MIDDLE EAST AND AFRICA TOLUENE MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 247 REST OF MIDDLE EAST AND AFRICA TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

TABLE 248 REST OF MIDDLE EAST AND AFRICA TOLUENE MARKET BY REGION (KILOTONS) 2020-2029

LIST OF FIGURES

FIGURE 1 MARKET DYNAMICS

FIGURE 2 MARKET SEGMENTATION

FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4 DATA TRIANGULATION

FIGURE 5 BOTTOM-UP APPROACH

FIGURE 6 TOP-DOWN APPROACH

FIGURE 7 RESEARCH FLOW

FIGURE 8 GLOBAL TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2020-2029

FIGURE 9 GLOBAL TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2020-2029

FIGURE 10 GLOBAL TOLUENE MARKET BY APPLICATION (USD BILLION) 2020-2029

FIGURE 11 GLOBAL TOLUENE MARKET BY REGION (USD BILLION) 2020-2029

FIGURE 12 PORTER’S FIVE FORCES MODEL

FIGURE 13 GLOBAL TOLUENE MARKET BY PRODUCTION PROCESS (USD BILLION) 2021

FIGURE 14 GLOBAL TOLUENE MARKET BY DERIVATIVE TYPE (USD BILLION) 2021

FIGURE 15 GLOBAL TOLUENE MARKET BY APPLICATION (USD BILLION) 2021

FIGURE 16 GLOBAL TOLUENE MARKET BY REGION (USD BILLION) 2021

FIGURE 17 NORTH AMERICA TOLUENE MARKET SNAPSHOT

FIGURE 18 EUROPE TOLUENE MARKET SNAPSHOT

FIGURE 19 SOUTH AMERICA TOLUENE MARKET SNAPSHOT

FIGURE 20 ASIA PACIFIC TOLUENE MARKET SNAPSHOT

FIGURE 21 MIDDLE EAST ASIA AND AFRICA TOLUENE MARKET SNAPSHOT

FIGURE 22 MARKET SHARE ANALYSIS

FIGURE 23 BASF: COMPANY SNAPSHOT

FIGURE 24 BP CHEMICALS: COMPANY SNAPSHOT

FIGURE 25 CONOCOPHILLIPS: COMPANY SNAPSHOT

FIGURE 26 EXXONMOBIL CHEMICALS: COMPANY SNAPSHOT

FIGURE 27 MITSUI CHEMICALS: COMPANY SNAPSHOT

FIGURE 28 RELIANCE INDUSTRIES: COMPANY SNAPSHOT

FIGURE 29 SHELL: COMPANY SNAPSHOT

FIGURE 30 SINOPEC: COMPANY SNAPSHOT

FIGURE 31 VALERO ENERGY: COMPANY SNAPSHOT

FIGURE 32 CHEVRON PHILLIPS CHEMICAL: COMPANY SNAPSHOT

FIGURE 33 LYONDELLBASELL INDUSTRIES: COMPANY SNAPSHOT

FIGURE 34 INDIAN OIL CORPORATION LIMITED: COMPANY SNAPSHOT

FIGURE 35 BHARAT PETROLEUM CORPORATION: COMPANY SNAPSHOT

• What is the worth of toluene market?

The toluene market is expected to reach USD 26.57 billion by the end of 2023.

• What are the upcoming trends of toluene market globally?

Upcoming trends of toluene market is growing usage of toluene as a solvent for various application.

• What is the CAGR of toluene market?

The global toluene market size was valued at USD 23.13 billion in 2020, and projected to reach USD 35.06 billion by 2029, with a CAGR of 4.73% from 2021 to 2029.

• Which are the top companies to hold the market share in toluene market?

• Which is the largest regional market for toluene market?

The Asia Pacific dominated the global industry in 2021 and accounted for the maximum share of more than 47% of the overall revenue.

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INTERESTED IN THIS RESEARCH?

Report Outlook

SCOPE OF THE REPORT

Toluene Market Overview

Toluene Market Segment Analysis

Toluene Market Key Players

Who Should Buy? Or Key stakeholders

Toluene Market Regional Analysis

Key Market Segments: Toluene Market

Exactitude Consultancy Services Key Objectives:

Key Question Answered

Table of Content

LIST OF TABLES

LIST OF FIGURES

FAQ

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