All updated as on -
By the end of the forecast period (2023-2030), the global toluene market is expected to be worth USD 33.29 billion.
Toluene is an odorless, tasteless, and water-insoluble liquid. It is a chemical with a single substitution, consisting of a CH3 group joined to a phenyl group. Methylbenzene, phenylmethane, and toluol are all names for the compound toluene, which is mostly produced during the reformation of naphtha in the production of gasoline. Toluene is used as both an industrial solvent and a raw ingredient in numerous manufacturing processes. Toluene diisocyanate (TDI) is a solvent that is also utilized in the production of benzene, p-xylene for PET resins, and toluene. It is a valuable octane-enhancer for blending with motor gasoline due to the methyl group in its chemical composition, which gives it moderate volatility. The rapid adoption of toluene solvent-based paints and coatings as a result of increased construction activities, the growing need for more fuel-efficient vehicles, and the increasing demand for benzene and xylene, two chemical intermediates produced from toluene, all contribute to the expansion of the global toluene market. Furthermore, toluene demand is anticipated to increase significantly over the assessment period as a result of the thriving oil and gas industry. Over the forecast period, rising global crude oil refining is predicted to reduce the raw material demand gap and drive market expansion. Growth in the automotive industry and the demand for lubricants are factors that should help the market expand. In addition, rapid urbanization in developing countries, along with increasing per capita income, is anticipated to fuel market growth throughout the forecast horizon.
Toluene is a highly volatile flammable liquid with an aromatic, benzene-like odor and an inability to dissolve in water. Used as a solvent in the production of benzene, xylene, and toluene diisocyanate, it is derived from petroleum and coal tar. It is also an important component of paints, thinners, adhesives, and inks due to its solvent properties.
There are a wide variety of major end-use industries that could benefit from using toluene, including pharmaceuticals, blends, cosmetic nail products, insecticides, and fertilizers. This factor may prove to be crucial in propelling the toluene industry forward in the next years. Toluene is widely used as a solvent for thinning paints, enamels, varnishes, and alkyd resins, and the paints and coatings industry is predicted to post a consistent growth rate due to rising demand from the automotive, consumer durables, and construction sectors. The demand for toluene is expected to increase as a result of this reason.
Toluene is a colorless, flammable, volatile liquid that smells similar to benzene and is incompatible with water. It comes from tolu trees and is a component of crude oils. It has been formerly known as toluol, methylbenzene, antisal, phenylmethane, and methoxide. Wafer and chip cleaning is another common application. Toluene results from the processing of coal into gasoline and coke-fuel. Toluene is added to gasoline to increase its octane rating and is derived from petroleum and coal tar.
Depressant, anesthetic, beta-oxidant, and neurotransmitter are just few of the roles that toluene plays in the body. Toluene is used commercially as a solvent in a wide variety of products, including paint thinners, glues, correction fluids, and nail polish removers. In the explosives industry, it is used to make TNT and other flammable and explosive compounds, as well as in the cosmetics sector to create hair colours and nail polish. Disinfectants, adhesives, paints, and inks all make heavy use of toluene. It's also used as a component in the production of things like nail polish and medicine.
Toluene is a common solvent in many commercial contexts. Chemical manufacturers use these solvents in a wide variety of processes, including those involving the creation of paints, glues, inks, paper, and leather. Toluene is used as a solvent in most chemical factories for the production of phenol, benzoic acid, nitrobenzene, and benzyl chloride, among many other chemicals. Toluene can be used as an octane booster in gasoline for use in internal combustion engines. Absolute toluene is used as a fuel in both two-stroke and four-stroke engines. Toluene's use in the chemical sector is expected to grow rapidly because of these variables over the forecast time frame.
Report Coverage
Global Toluene research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Toluene report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Toluene competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Toluene market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Toluene market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Toluene market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Exxon Mobil Corporation., China Petroleum & Chemical Corporation., Reliance Industries Limited, The Chemical Company, Mitsubishi Chemical Corporation, Pon Pure Chemicals, Brenntag Pte. Ltd., OCI Company Ltd., Dow, HELM AG, Valero Marketing and Supply Company, BASF SE, Indian Oil Corporation Ltd, Covestro AG, Solventis, Central Drug House., Benzo Chem Industries Pvt. Ltd., GNFC Limited, Yashdeep Chemicals (India) Pvt Ltd, Royal Dutch Shell plc, CPC Corporation, Formosa Chemicals & Fibre Corporation, BP PLC, and BASF SE among
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Toluene market based on the below-mentioned segments:
Global Toluene Market, By Product Type
Benzene and Xylene
Gasoline Additives
Solvents
Tri-Nitrotoluene (TNT)
Toluene Diisocyanate (TDI) and others
Global Toluene market, By Application
Paints & Coatings
Foams
Fuel Additives
Cleaning Agents
Heating Oils
Polymer Production and others
Global Toluene Market, By End User
Oil & Gas
Building & Construction
Automotive
Healthcare
Packing and others
Global Toluene market, Regional Analysis
Toluene is an odorless, tasteless, and water-insoluble liquid. It is a chemical with a single substitution, consisting of a CH3 group joined to a phenyl group. Methylbenzene, phenylmethane, and toluol are all names for the compound toluene, which is mostly produced during the reformation of naphtha in the production of gasoline. Toluene is used as both an industrial solvent and a raw ingredient in numerous manufacturing processes. Toluene diisocyanate (TDI) is a solvent that is also utilized in the production of benzene, p-xylene for PET resins, and toluene. It is a valuable octane-enhancer for blending with motor gasoline due to the methyl group in its chemical composition, which gives it moderate volatility. The rapid adoption of toluene solvent-based paints and coatings as a result of increased construction activities, the growing need for more fuel-efficient vehicles, and the increasing demand for benzene and xylene, two chemical intermediates produced from toluene, all contribute to the expansion of the global toluene market. Furthermore, toluene demand is anticipated to increase significantly over the assessment period as a result of the thriving oil and gas industry. Over the forecast period, rising global crude oil refining is predicted to reduce the raw material demand gap and drive market expansion. Growth in the automotive industry and the demand for lubricants are factors that should help the market expand. In addition, rapid urbanization in developing countries, along with increasing per capita income, is anticipated to fuel market growth throughout the forecast horizon.
Toluene is a highly volatile flammable liquid with an aromatic, benzene-like odor and an inability to dissolve in water. Used as a solvent in the production of benzene, xylene, and toluene diisocyanate, it is derived from petroleum and coal tar. It is also an important component of paints, thinners, adhesives, and inks due to its solvent properties.
There are a wide variety of major end-use industries that could benefit from using toluene, including pharmaceuticals, blends, cosmetic nail products, insecticides, and fertilizers. This factor may prove to be crucial in propelling the toluene industry forward in the next years. Toluene is widely used as a solvent for thinning paints, enamels, varnishes, and alkyd resins, and the paints and coatings industry is predicted to post a consistent growth rate due to rising demand from the automotive, consumer durables, and construction sectors. The demand for toluene is expected to increase as a result of this reason.
Toluene is a colorless, flammable, volatile liquid that smells similar to benzene and is incompatible with water. It comes from tolu trees and is a component of crude oils. It has been formerly known as toluol, methylbenzene, antisal, phenylmethane, and methoxide. Wafer and chip cleaning is another common application. Toluene results from the processing of coal into gasoline and coke-fuel. Toluene is added to gasoline to increase its octane rating and is derived from petroleum and coal tar.
Depressant, anesthetic, beta-oxidant, and neurotransmitter are just few of the roles that toluene plays in the body. Toluene is used commercially as a solvent in a wide variety of products, including paint thinners, glues, correction fluids, and nail polish removers. In the explosives industry, it is used to make TNT and other flammable and explosive compounds, as well as in the cosmetics sector to create hair colours and nail polish. Disinfectants, adhesives, paints, and inks all make heavy use of toluene. It's also used as a component in the production of things like nail polish and medicine.
Toluene is a common solvent in many commercial contexts. Chemical manufacturers use these solvents in a wide variety of processes, including those involving the creation of paints, glues, inks, paper, and leather. Toluene is used as a solvent in most chemical factories for the production of phenol, benzoic acid, nitrobenzene, and benzyl chloride, among many other chemicals. Toluene can be used as an octane booster in gasoline for use in internal combustion engines. Absolute toluene is used as a fuel in both two-stroke and four-stroke engines. Toluene's use in the chemical sector is expected to grow rapidly because of these variables over the forecast time frame.
Report Coverage
Global Toluene research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Toluene report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Toluene competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Toluene market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Exxon Mobil Corporation., China Petroleum & Chemical Corporation., Reliance Industries Limited, The Chemical Company, Mitsubishi Chemical Corporation, Pon Pure Chemicals, Brenntag Pte. Ltd., OCI Company Ltd., Dow, HELM AG, Valero Marketing and Supply Company, BASF SE, Indian Oil Corporation Ltd, Covestro AG, Solventis, Central Drug House., Benzo Chem Industries Pvt. Ltd., GNFC Limited, Yashdeep Chemicals (India) Pvt Ltd, Royal Dutch Shell plc, CPC Corporation, Formosa Chemicals & Fibre Corporation, BP PLC, and BASF SE among |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Toluene Market from 2021 to 2030.
- Market Forecast for Toluene Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Toluene competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Toluene
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Toluene market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Toluene market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Exxon Mobil Corporation., China Petroleum & Chemical Corporation., Reliance Industries Limited, The Chemical Company, Mitsubishi Chemical Corporation, Pon Pure Chemicals, Brenntag Pte. Ltd., OCI Company Ltd., Dow, HELM AG, Valero Marketing and Supply Company, BASF SE, Indian Oil Corporation Ltd, Covestro AG, Solventis, Central Drug House., Benzo Chem Industries Pvt. Ltd., GNFC Limited, Yashdeep Chemicals (India) Pvt Ltd, Royal Dutch Shell plc, CPC Corporation, Formosa Chemicals & Fibre Corporation, BP PLC, and BASF SE among
Primary Target Market
- Market Players of Toluene
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Toluene market based on the below-mentioned segments:
Global Toluene Market, By Product Type
Benzene and Xylene
Gasoline Additives
Solvents
Tri-Nitrotoluene (TNT)
Toluene Diisocyanate (TDI) and others
Global Toluene market, By Application
Paints & Coatings
Foams
Fuel Additives
Cleaning Agents
Heating Oils
Polymer Production and others
Global Toluene Market, By End User
Oil & Gas
Building & Construction
Automotive
Healthcare
Packing and others
Global Toluene market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive toluene market market research and competitor analysis for your business to help you develop more profound insights into the toluene market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the toluene market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.