Market Forecast By Regions (Europe, Middle East, Africa, Asia Pacific, North America and Latin America), By Derivation Type (Benzene & Xylene, Toluene Diisocyanates, Solvents, Gasoline Additives, Others), By Production Process (Reformate Process, Pygas Process, Coke/Coal Process, Styrene Process), By Application (Drugs, Dyes, Blending, Cosmetic Nail Products, Others) And Competitive Landscape
Product Code: ETC115047 | Publication Date: Sep 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global Toluene Market is anticipated to gain growth prospects in the coming years. Toluene is an aromatic organic compound which is a flammable liquid obtained from coal tar or petroleum. Naphtha is the general raw material for the production of toluene. Toluene is used in Pharmaceuticals, production of Paints, Varnishes, Adhesives, glues, correction fluids, Explosives and Printing Ink. The toluene market consists of various stages including distributors, manufacturers, raw material procurement and end-users. The key growth drivers are increasing demand for toluene in construction and industrialisation. They are mostly used in end user industry main factor for the growth of the toluene market. Due to the outbreak of COVID-19 toluene market was affected terribly. The factors like lack of supply chain and workforce in production were affected. Oscillation in crude oil prices is the major problem for the toluene market. Toluene is considered as hazardous air pollutant (PAH) and there are certain limitations in sourcing toluene because it harms the human brain and effect on lungs, kidneys, liver and central nervous system. The discovery of shale oil has increased the threat to the toluene market as it is richer in aromatic content than toluene. High concentration of toluene in the water bodies can cause harm to aquatic life. The product will cause Soil and Air pollution.
According to 6Wresearch, Global Toluene Market size is anticipated to register growth during 2021-2027. In global Asia-Pacific region dominated the market, next comes the North America. Regulatory boards, like US Environmental Protection Agency (EPA) etc have high restriction for using it. Globally, China is the leading consumer. In global, the key players are Exxon Mobil Corporation, Chevron Phillips, BASF SE, Royal Dutch Shell PLC, Valero, SK Innovation Co Ltd, Formosa Plastics and China National Petroleum Corporation. In October 2019, a UK-based company Chrysaor Holdings Limited acquired ConocoPhillips a UK oil and gas business company. In March 2019, a Singapore-based chemical company Fortrec, acquired aromatic solvents refinery company in Korea.
Toluene Market has three major Segmentation they are by derivatives, by production process and by application. In the derivatives segmentation the prime derivatives are Benzene & Xylene, Toluene Diisocyanatos (TDI). In production process it is used in Reformate Process, Pygas Process, Coke/ Coal Process, Styrene Process. In form of Products, it is used in forming Drugs, Dyes, Blending, Cosmetic Nail Products and fertilizers etc. Demand of toluene for manufacturing products such as paints, synthetic fibres, agrochemicals coatings and dying industry drives the market. These industries will increase Market rapidly. The end-user industries are Building and Construction, Automotive, Oil and Gas, Electronics, Automotive, Packaging, Consumer Appliances. The growing demand for aromatics as well as end-user industry drives the toluene market.
The Global Toluene market report thoroughly covers the market by usage, product type, distribution channels, end users and countries including China, South Korea, India, Indonesia, US and Canada among other key countries. The Global Toluene market outlook report provides an unbiased and detailed analysis of the on-going Global Toluene market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following market segments
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Global Toluene Market Overview |
3.1. Global Country Macro Economic Indicators |
3.2. Global Toluene Market Revenues, 2020 & 2027F |
3.3. Global Toluene Market - Industry Life Cycle |
3.4. Global Toluene Market - Porter's Five Forces |
3.5. Global Toluene Market Revenues Share, By Derivation Type, 2020 & 2027F |
3.6. Global Toluene Market Revenues Share, By Type, 2020 & 2027F |
3.7. Global Toluene Market Revenues Share, By Application, 2020 & 2027F |
3.8. Global Toluene Market Revenues Share, By Regions, 2020 & 2027F |
4. Global Toluene Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Toluene Market Trends |
6. Global Toluene Market, By Types |
6.1. Global Toluene Market, By Derivation Type |
6.1.1. Overview and Analysis |
6.1.2. Global Toluene Market Revenues, By Benzene & Xylene, 2017 - 2027F |
6.1.3. Global Toluene Market Revenues, By Toluene Diisocyanates, 2017 - 2027F |
6.1.4. Global Toluene Market Revenues, By Gasoline Additives, 2017 - 2027F |
6.1.5. Global Toluene Market Revenues, By Solvents, 2017 - 2027F |
6.1.6. Global Toluene Market Revenues, By Others, 2017 - 2027F |
6.2. Global Toluene Market, By Production Process |
6.2.1. Overview and Analysis |
6.2.2. Global Toluene Market Revenues, By Reformat Process, 2017 - 2027F |
6.2.3. Global Toluene Market Revenues, By Pygas Process, 2017 - 2027F |
6.2.4. Global Toluene Market Revenues, By Coke/Coal Process, 2017 - 2027F |
6.2.5. Global Toluene Market Revenues, By Styrene Process, 2017 - 2027F |
6.3. Global Toluene Market, By Application |
6.3.1. Overview and Analysis |
6.3.2. Global Toluene Market Revenues, By Drugs, 2017 - 2027F |
6.3.3. Global Toluene Market Revenues, By Dyes, 2017 - 2027F |
6.3.4. Global Toluene Market Revenues, By Blending, 2017 - 2027F |
6.3.5. Global Toluene Market Revenues, By Cosmetic Nail Products, 2017 - 2027F |
6.3.6. Global Toluene Market Revenues, By Others, 2017 - 2027F |
7. North America Toluene Market |
7.1. North America Toluene Market, By Derivation Type |
7.2. North America Toluene Market, By Production Process |
7.3. North America Toluene Market, By Application |
7.4. North America Toluene Market, By Countries |
8. Latin America Toluene Market |
8.1. Latin America Toluene Market, By Derivation Type |
8.2. Latin America Toluene Market, By Production Process |
8.3. Latin America Toluene Market, By Application |
8.4. Latin America Toluene Market, By Countries |
9. Europe Toluene Market |
9.1. Europe Toluene Market, By Derivation Type |
9.2. Europe Toluene Market, By Production Process |
9.3. Europe Toluene Market, By Application |
9.4. Europe Toluene Market, By Countries |
10. Middle East Toluene Market |
10.1. Middle East Toluene Market, By Derivation Type |
10.2. Middle East Toluene Market, By Production Process |
10.3. Middle East Toluene Market, By Application |
10.4. Middle East Toluene Market, By Countries |
11. Africa Toluene Market |
11.1. Africa Toluene Market, By Derivation Type |
11.2. Africa Toluene Market, By Production Process |
11.3. Africa Toluene Market, By Application |
11.4. Africa Toluene Market, By Countries |
12. Asia Pacific Toluene Market |
12.1. Asia Pacific Toluene Market, By Derivation Type |
12.2. Asia Pacific Toluene Market, By Production Process |
12.3. Asia Pacific Toluene Market, By Application |
12.4. Asia Pacific Toluene Market, By Countries |
13. Global Toluene Market Import-Export Trade Statistics |
13.1. Global Toluene Market Export to Major Countries |
13.2. Global Toluene Market Imports from Major Countries |
14. Global Toluene Market Key Performance Indicators |
15. Global Toluene Market - Opportunity Assessment |
15.1. Global Toluene Market Opportunity Assessment, By Production Process, 2020 & 2027F |
15.2. Global Toluene Market Opportunity Assessment, By Applications, 2020 & 2027F |
16. Global Toluene Market - Competitive Landscape |
16.1. Global Toluene Market Revenue Share, By Companies, 2020 |
16.2. Global Toluene Market Competitive Benchmarking, By Operating and Technical Parameters |
17. Company Profiles |
18. Recommendations |
19. Disclaimer |