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Toluene Market by Derivative Type (Benzene & Xylene, Toluene Diisocynates, Solvents, Gasoline Additives), Production Process (Reformate, Pygas, Coke/Coal, and Styrene), Application (Drugs, Dyes, Blending, Cosmetic Nail Products) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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MA_171983
Pages: 110
Apr 2017 | 3634 Views
 
Author's : Sumiran Satsangi
Tables: 122
Charts: 28
 

Toluene Market Overview:

Global Toluene Market size was valued at $16,597 million in 2016, and is expected to reach $23,393 million by 2023, registering a CAGR of 5.0% from 2017 to 2023. Toluene, formerly known as toluol and methylbenzene, is an aromatic hydrocarbon that is used as an industrial feedstock and as a solvent. Toluene is regarded as an aromatic compound because of the presence of benzene ring in its chemical structure. Toluene exhibits beta-oxidant, depressant, hepatoprotective, anesthetic, and neurotransmitter functions. Toluene is used in industries as a solvent in paint thinners, nail polish removers, glues, and correction fluids. In addition, it is used in explosives industry in the manufacture of flammable & explosive compounds, such as Trinitrotoluene (TNT) and in the manufacture of hair dyes and cosmetic nail products.

Global Toluene Market Segmentation

Toluene Market Segmentation

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The toluene market is segmented based on derivative type, application, technology, and geography. Based on toluene derivatives type, it is classified into benzene & xylene, toluene diisocyanates, solvents, gasoline additives, and others (benzaldehyde and benzoic acid). Based on application, the it is divided into drugs, dyes, blending, cosmetic nail products, and others (TNT, pesticides, and fertilizers). By Technology, it is categorized into reformate process, pygas process, coke/coal process, and styrene process.

There is an increase in demand for toluene owing to its wider use in gasoline blends. Toluene acts as octane booster and maintains the energy content of gasoline. Moreover, low sensitivity characteristics and high octane ratings of toluene makes it ideal as fuel in heavily loaded engines. In addition, toluene (in the form of benzene-toluene-xylene mixtures) are used in the blending of petrol and occurs as a by-product of styrene manufacture. Moreover, increase in demand for aromatics in petrochemical industry in the development of synthetic fibers, elastomers, agrochemicals, dyes, nail paints are emerging factors augmenting the market growth. However, shift in trend of oil & gas industry toward lighter feed stocks, increase in demand for gasoline that substitutes toluene, and discovery of shale gas as alternative to natural gas is expected to hinder the market growth.

The global toluene market offer various opportunities to the market players, owing to disposable incomes and rapid growth in the global economy. Toluene diisocynate (TDI) production is expected to be the second-highest derivative market, owing to its stronger demand in manufacture of polyurethanes, resulting in enhanced demand for toluene in the formation of toluene diisocyante (TDI). Moreover, growth in end-user industries (agrochemicals, cosmetics, and explosives) based in Asia-Pacific and Latin America are further expected to drive the market growth. In addition, continued investments in developing countries and anticipated recovery in global markets is expected to further fuel the market growth.

Industrial solvents and production of benzene & xylene are the highest growing segment, owing to widespread applications and strong demand in applications, such as blending of petrol and as additives in gasoline. In addition, production of explosives, such as Trinitrotoluene (TNT) and gasoline additives is anticipated to trigger the toluene market during the forecast period. Moreover, increase in per capita disposable incomes in the developing countries (China, India, and Korea) has led to the development of end-use industries, such as petrochemicals and oil & gas. The development of end-user base in this region has led to production of toluene, which is a key factor in the growth of market.

Top Investment Pockets

Rise in the application of toluene in the manufacture of drugs and in the blending of petrol offers the maximum market potential in the global toluene market, owing to rapid industrialization and expansion of oil & gas industries. Increased demand for toluene as an octane booster in gasoline has led to the growth in demand for global toluene market. Moreover, India and China have witnessed major development in the chemical industry, owing to constant growth in economy and rise in living standards. Furthermore, rise in demand of toluene as a feedstock in production of benzene & xylene is increasing globally, thereby leading to the market growth.

Top Investment Pockets

Toluene Market - Top Investment Pockets

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Segment Review

The toluene market is segmented based on type, technology, application, and geography. The benzene & xylene derivative type segment, dominated the global market in 2016, and is anticipated to maintain its dominance throughout the forecast period. Based on application, the market is classified into drugs, dyes, blending, cosmetic nail products, and others (TNT, pesticides, and fertilizers). The drugs segment is estimated to grow at a significant CAGR of 4.9%.

Toluene Market Share, By Derivative Type, 2016 (%)

Toluene Market Share, By Derivative Type, 2016

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Geographical Review

Asia-Pacific accounted for a considerable share of the total revenue in 2016, followed by North-America and Europe. However, shut down of refineries in Europe have significantly reduced demand for aromatics in this region and thus act as a factor, which limits the development of market.

Germany Toluene Market Value, 2015-2023 ($Million)

Germany Toluene Market Value, 2015-2023

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Key players, which include ExxonMobil Chemical, Sinopec, Shell, Reliance Industries, ConocoPhillips, Valero Energy, BASF, BP Chemicals, China National Petroleum and Mitsui Chemicals have invested in R&D activities to develop advanced products to cater to the requirements of the market.

Other players in the value chain (profiles not included in the report) include Koch Industries, JX Nippon Oil and Energy, Chevron Phillips, Nova Chemicals, Sherwin-Williams, Total Petrochemicals, Lyondell Basel, Covestro, and Formosa Plastics.

Key Benefits

  • The report provides an extensive toluene industry analysis of the current market trends and future estimations of toluene market size from 2015 to 2023 to determine the prevailing opportunities.
  • It offers comprehensive analysis of North America, Europe, Asia-Pacific, and LAMEA to understand the regional trends.
  • Comprehensive analysis of factors that drive & restrict the growth of the market is provided.
  • Extensive analysis is conducted by following, product benchmarking, positioning, and monitoring the top competitors within the global market.
  • The report provides extensive qualitative toluene market trends on the significant segments or regions.
  • The report provides key insights on strategic toluene industry analysis of various companies and the value chain analysis of toluene.

Toluene Market Key Segments

By Derivative Type

  • Benzene & Xylene
  • Toluene Diisocyanates
  • Solvents
  • Gasoline Additives
  • Others (Benzaldehyde and Benzoic Acid)

By Production Process

  • Reformate Process
  • Pygas Process
  • Coke/Coal Process
  • Styrene Process

By Application

  • Drugs
  • Dyes
  • Blending
  • Cosmetic Nail Products
  • Others (TNT, Pesticides, and Fertilizers)

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Australia
    • Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • KSA
    • South Africa
    • Rest of LAMEA
 

Chapter: 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tool & model

Chapter: 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

Chapter: 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Growing demand for toluene among application
3.4.1.2. Growth of dyes industry among Asia-Pacific

3.4.2. Restraints

3.4.2.1. Discovery of shale gas in North American markets
3.4.2.2. Limitations in sourcing of toluene

3.4.3. Opportunities

3.4.3.1. Production of toluene from shale gas

3.5. MARKET SHARE ANALYSIS, 2015

Chapter: 4. TOLUENE MARKET, BY TYPE

4.1. INTRODUCTION

4.1.1. Market Size and Forecast

4.2. BENZENE AND XYLENE

4.2.1. Key Market trends, growth factors, and opportunities
4.2.2. Market Size and Forecast

4.3. TOLUENE DIISOCYNATE

4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast

4.4. SOLVENTS

4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast

4.5. GASOLINE

4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast

4.6. OTHERS (BENZALDEHYDE AND BENZOIC ACID)

4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast

Chapter: 5. TOLUENE MARKET, BY APPLICATION

5.1. INTRODUCTION

5.1.1. Market Size and Forecast

5.2. DRUGS

5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast

5.3. DYES

5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast

5.4. BLENDING

5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast

5.5. COSMETIC NAIL PRODUCTS

5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast

5.6. OTHERS (TNT, PESTICIDES AND FERTLIZERS)

5.6.1. Key Market Trends, Growth Factors, and Opportunities
5.6.2. Market Size and Forecast

Chapter: 6. TOLUENE MARKET, BY TECHNOLOGY

6.1. INTRODUCTION

6.1.1. Market Size and Forecast

6.2. REFORMATE PROCESS

6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast

6.3. PYGAS PROCESS

6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast

6.4. COKE/COAL PROCESS

6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast

6.5. STYRENE PROCESS

6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast

Chapter: 7. TOLUENE MARKET, BY GEOGRAPHY

7.1. INTRODUCTION

7.1.1. Market Size and Forecast

7.2. NORTH AMERICA

7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast
7.2.3. U.S.

7.2.3.1. Market size and forecast, by type

7.2.4. Canada

7.2.4.1. Market size and forecast, by type

7.2.5. Mexico

7.2.5.1. Market size and forecast, by type

7.3. EUROPE

7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast
7.3.3. Germany

7.3.3.1. Market size and forecast, by type

7.3.4. France

7.3.4.1. Market size and forecast, by type

7.3.5. UK

7.3.5.1. Market size and forecast, by type

7.3.6. Spain

7.3.6.1. Market size and forecast, by type

7.3.7. Italy

7.3.7.1. Market size and forecast, by type

7.3.8. Rest of Europe

7.3.8.1. Market size and forecast, by type

7.4. ASIA-PACIFIC

7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast
7.4.3. India

7.4.3.1. Market size and forecast, by type

7.4.4. China

7.4.4.1. Market size and forecast, by type

7.4.5. Japan

7.4.5.1. Market size and forecast, by type

7.4.6. Australia

7.4.6.1. Market size and forecast, by type

7.4.7. Korea

7.4.7.1. Market size and forecast, by type

7.4.8. Rest of Asia-Pacific

7.4.8.1. Market size and forecast, by type

7.5. LAMEA

7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast
7.5.3. Brazil

7.5.3.1. Market size and forecast, by type

7.5.4. KSA

7.5.4.1. Market size and forecast, by type

7.5.5. South Africa

7.5.5.1. Market size and forecast, by type

7.5.6. Rest of LAMEA

7.5.6.1. Market size and forecast, by type

Chapter: 8. COMPANY PROFILES

8.1. EXXON-MOBIL CHEMICAL

8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves and Developments

8.2. SINOPEC

8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves and Developments

8.3. SHELL

8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves and Developments

8.4. RELIANCE INDUSTRIES

8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves and Developments

8.5. CONOCOPHILLIPS

8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves and Developments

8.6. VALERO ENERGY

8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves and Developments

8.7. BASF

8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves and Developments

8.8. BP CHEMICALS

8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves and Developments

8.9. CHINA NATIONAL PETROLEUM

8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves and Developments

8.10. MITSUI CHEMICALS

8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments

List of Tables

TABLE 1. GLOBAL TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 2. GLOBAL TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 3. GLOBAL BENZENE & XYLENE TOLUENE MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 4. GLOBAL BENZENE & XYLENE TOLUENE MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 5. GLOBAL TOLUENE DIISOCYNATES TOLUENE MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 6. GLOBAL TOLUENE DIISOCYNATES TOLUENE MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 7. GLOBAL SOLVENTS MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 8. GLOBAL SOLVENTS MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 7. GLOBAL GASOLINE ADDITIVES MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 8. GLOBAL GASOLINE ADDITIVES MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 9. GLOBAL OTHERS TOLUENE MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 10. GLOBAL OTHERS TOLUENE MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 11. GLOBAL TOLUENE MARKET VALUE, BY TECHNOLOGY, 2015-2023 ($MILLION)
TABLE 12. GLOBAL TOLUENE MARKET VOLUME, BY TECHNOLOGY, 2015-2023 (KILOTONS)
TABLE 13. GLOBAL REFORMATE PROCESS MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 14. GLOBAL REFORMATE PROCESS MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 15. GLOBAL PYGAS PROCESS MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 16. GLOBAL PYGAS PROCESS TOLUENE MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 17. GLOBAL COKE/COAL PROCESS TOLUENE MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 18. GLOBAL COKE/COAL PROCESS TOLUENE MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 19. GLOBAL STYRENE PROCESS TOLUENE MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 20. GLOBAL STYRENE PROCESS TOLUENE MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 21. GLOBAL TOLUENE MARKET VALUE, BY APPLICATION, 2015-2023 ($MILLION)
TABLE 22. GLOBAL TOLUENE MARKET VOLUME, BY APPLICATION, 2015-2023 (KILOTONS)
TABLE 23. GLOBAL TOLUENE IN DRUGS MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 24. GLOBAL TOLUENE IN DRUGS MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 25. GLOBAL TOLUENE IN DYES MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 26. GLOBAL TOLUENE IN DYES MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 27. GLOBAL TOLUENE IN BLENDING MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 28. GLOBAL TOLUENE IN BLENDING MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 27. GLOBAL TOLUENE IN COSMETIC NAIL PRODUCTS MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 28. GLOBAL TOLUENE IN COSMETIC NAIL PRODUCTS MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 29. GLOBAL TOLUENE IN OTHERS MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 30. GLOBAL TOLUENE IN OTHERS MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 31. GLOBAL TOLUENE MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 32. GLOBAL TOLUENE MARKET VOLUME, BY REGION, 2015-2023 (KILOTONS)
TABLE 33. NORTH AMERICA TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 34. NORTH AMERICA TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 35. NORTH AMERICA TOLUENE MARKET VALUE, BY TECHNOLOGY, 2015-2023 ($MILLION)
TABLE 36. NORTH AMERICA TOLUENE MARKET VOLUME, BY TECHNOLOGY, 2015-2023 (KILOTONS)
TABLE 37. NORTH AMERICA TOLUENE MARKET VALUE, BY APPLICATION, 2015-2023 ($MILLION)
TABLE 38. NORTH AMERICA TOLUENE MARKET VOLUME, BY APPLICATION, 2015-2023 (KILOTONS)
TABLE 39. NORTH AMERICA TOLUENE MARKET VALUE, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 40. NORTH AMERICA TOLUENE MARKET VOLUME, BY COUNTRY, 2015-2023 (KILOTONS)
TABLE 41. U.S. TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 42. U.S. TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 43. CANADA TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 44. CANADA TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 45. MEXICO TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 46. MEXICO TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 47. EUROPE TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 48. EUROPE TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 49. EUROPE TOLUENE MARKET VALUE, BY TECHNOLOGY, 2015-2023 ($MILLION)
TABLE 50. EUROPE TOLUENE MARKET VOLUME, BY TECHNOLOGY, 2015-2023 (KILOTONS)
TABLE 51. EUROPE TOLUENE MARKET VALUE, BY APPLICATION, 2015-2023 ($MILLION)
TABLE 52. EUROPE TOLUENE MARKET VOLUME, BY APPLICATION, 2015-2023 (KILOTONS)
TABLE 53. EUROPE TOLUENE MARKET VALUE, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 54. EUROPE TOLUENE MARKET VOLUME, BY COUNTRY, 2015-2023 (KILOTONS)
TABLE 55. FRANCE TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 56. FRANCE TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 57. GERMANY TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 58. GERMANY TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 59. UK TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 60. UK TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 61. SPAIN TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 62. SPAIN TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 63. ITALY TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 64. ITALY TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 65. REST OF EUROPE TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 66. REST OF EUROPE TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 67. ASIA-PACIFIC TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 68. ASIA-PACIFIC TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 69. ASIA-PACIFIC TOLUENE MARKET VALUE, BY TECHNOLOGY, 2015-2023 ($MILLION)
TABLE 70. ASIA-PACIFIC TOLUENE MARKET VOLUME, BY TECHNOLOGY, 2015-2023 (KILOTONS)
TABLE 71. ASIA-PACIFIC TOLUENE MARKET VALUE, BY APPLICATION, 2015-2023 ($MILLION)
TABLE 72. ASIA-PACIFIC TOLUENE MARKET VOLUME, BY APPLICATION, 2015-2023 (KILOTONS)
TABLE 73. ASIA-PACIFIC TOLUENE MARKET VALUE, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 74. ASIA-PACIFIC TOLUENE MARKET VOLUME, BY COUNTRY, 2015-2023 (KILOTONS)
TABLE 75. INDIA TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 76. INDIA TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 77. CHINA TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 78. CHINA TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 79. JAPAN TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 80. JAPAN TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 81. KOREA TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 82. KOREA TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 83. AUSTRALIA TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 84. AUSTRALIA TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 85. REST OF ASIA-PACIFIC TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 86. REST OF ASIA-PACIFIC TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 87. LAMEA TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 88. LAMEA TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 89. LAMEA TOLUENE MARKET VALUE, BY TECHNOLOGY, 2015-2023 ($MILLION)
TABLE 90. LAMEA TOLUENE MARKET VOLUME, BY TECHNOLOGY, 2015-2023 (KILOTONS)
TABLE 91. LAMEA TOLUENE MARKET VALUE, BY APPLICATION, 2015-2023 ($MILLION)
TABLE 92. LAMEA TOLUENE MARKET VOLUME, BY APPLICATION, 2015-2023 (KILOTONS)
TABLE 93. LAMEA TOLUENE MARKET VALUE, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 94. LAMEA TOLUENE MARKET VOLUME, BY COUNTRY, 2015-2023 (KILOTONS)
TABLE 95. BRAZIL TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 96. BRAZIL TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 97. KSA TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 98. KSA TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 99. SOUTH AFRICA TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 100. SOUTH AFRICA TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 101. REST OF LAMEA TOLUENE MARKET VALUE, BY DERIVATIVE TYPE, 2015-2023 ($MILLION)
TABLE 102. REST OF LAMEA TOLUENE MARKET VOLUME, BY DERIVATIVE TYPE, 2015-2023 (KILOTONS)
TABLE 103. CONOCOPHILLIPS: COMPANY SNAPSHOT
TABLE 104. CONOCOPHILLIPS: OPERATING SEGMENTS
TABLE 105. BASF : COMPANY SNAPSHOT
TABLE 106. BASF : OPERATING SEGMENTS
TABLE 107. BP CHEMICALS: COMPANY SNAPSHOT
TABLE 108. BP CHEMICALS: OPERATING SEGMENTS
TABLE 109. CHINA NATIONAL PETROLEUM: COMPANY SNAPSHOT
TABLE 110. CHINA NATIONAL PETROLEUM: OPERATING SEGMENTS
TABLE 111. EXXON-MOBIL CHEMICAL: COMPANY SNAPSHOT
TABLE 112. EXXON-MOBIL CHEMICAL: OPERATING SEGMENTS
TABLE 113. RELIANCE CHEMICALS: COMPANY SNAPSHOT
TABLE 114. RELIANCE CHEMICALS: OPERATING SEGMENTS
TABLE 115. SINOPEC COMPANY: COMPANY SNAPSHOT
TABLE 116. SINOPEC COMPANY: OPERATING SEGMENTS
TABLE 117. SHELL: COMPANY SNAPSHOT
TABLE 118. SHELL: OPERATING SEGMENTS
TABLE 119. VALERO ENERGY: COMPANY SNAPSHOT
TABLE 120. VALERO ENERGY: OPERATING SEGMENTS
TABLE 121. MITSUI CHEMICALS: COMPANY SNAPSHOT
TABLE 122. MITSUI CHEMICALS: OPERATING SEGMENTS

List of Figures

FIGURE 1. GLOBAL TOLUENE MARKET: SEGMENTATION
FIGURE 2. GLOBAL TOLUENE MARKET SHARE, BY TECHNOLOGY, 2015 (%)
FIGURE 3. TOP INVESTMENT POCKETS, BY TYPE
FIGURE 4. TOP WINNING STRATEGIES
FIGURE 5. BARGAINING POWER OF SUPPLIERS
FIGURE 6. BARGAINING POWER OF BUYERS
FIGURE 7. THREAT OF NEW ENTRANTS
FIGURE 8. THREAT OF SUBSTITUTES
FIGURE 9. COMPETITIVE RIVALRY
FIGURE 10. U.S. TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 11. CANADA TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 12. MEXICO TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 13. FRANCE TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 14. GERMANY TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 15. UK TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 16. SPAIN TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 17. ITALY TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 18. REST OF EUROPE TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 19. INDIA TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 20. CHINA TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 21. JAPAN TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 22. KOREA TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 23. AUSTRALIA TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 24. REST OF ASIA-PACIFIC TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 25. BRAZIL TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 26. KSA TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 27. SOUTH AFRICA TOLUENE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 28. REST OF LAMEA TOLUENE MARKET VALUE, 2015-2023 ($MILLION)

 

Toluene diisocyanate, which is a toluene derivative has been widely used for manufacturing polyurethane, globally. Continued investments in developing countries and anticipated recovery in global markets are expected to boost the market growth.

Toluene has gained popularity in the recent years, owing to increased applications of benzene, urethane raw materials, and other organic chemicals. In addition, it is used in the production of pharmaceuticals, dyes, and cosmetic nail products. Furthermore, it is used as pesticides against roundworms & hookworms in the agricultural sector.

The Asia-Pacific toluene market offers lucrative opportunities for key manufacturers, owing to growth in industrial activities and rise in trend of setting up refineries & petrochemical plants in this region. In addition, technological developments in the production of toluene by manufacturers, such as surge in production by catalytic reforming in emerging countries, such as China, India, and Japan fuel the market growth. Asia-Pacific is anticipated to account for more than half of the share in the global market by 2023, followed by North America.

 

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