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Global Toluene Market

  • Published Date: 25 May 2018
  • Number of Pages: 213
  • Category: Chemicals
  • Country: Global
Toluene is a chemical compound, an aromatic hydrocarbon that is water insoluble and a colorless liquid. It is highly known for its use in the manufacturing of various commercial commodities and industrial products like paint thinners, nail polish remover, correction fluid and model glue.

Due to their intoxicating effect, some products containing toluene are used for recreational purposes. Due to this, sales of such items are regulated by proper jurisdiction in some areas. Another adverse effect of toluene on the human body is that resulting in neurological damage. In small to moderate quantity, it can cause confusion, tiredness, weakness, and memory, vision and hearing loss. If the exposure is continued, it can worsen the symptoms and even result in death. Thus, professionals dealing with toluene products wear masks to limit the inhalation of the compound.


Toluene can be obtained naturally from pine oil, although the concentration is very less making its commercial use difficult. Thus, it is produced through chemical processes in factories. The most common method is during the processing of gasoline via a catalytic reformer. The final product is acquired through separation processes like distillation or solvent extraction.
Naptha is the most common feedstock used in the production of toluene and other aromatics. An alternative is coke oven light oil, but its combustion value is less. Other options are coal, biomass, and shale oil.
Toluene reaches the end-users through a series of steps:
--> Procurement of raw material
--> Manufacture
--> Distribute
--> Seller

Market Dynamics

The toluene market is growing in size due to its use in industrial as well as commercial applications, the most prominent of these being in gasoline blends, and in engines of high capacity. Toluene is also used in the manufacture of dyes, nail paints, agrochemicals, synthetic fibers, etc. adding up to its growth.
However, the industry shift to environment friendly fuels is slowing the growth and can hamper market revenues in the future. Moreover, there are high fluctuations in the crude oil prices and the demand also waivers. Also, the long term health hazards that it causes is leading to shutting down of factories in certain geographies. The rising awareness in these terms is hindering growth.

Market Segmentation

The toluene market can be segmented based on the following factors:
--> Derivative type
o Benzene and xylene
o Gasoline additives
o Solvents
o Toluene diisocyanates
o Others (benzaldehyde and benzoic acid)

--> Application
o Blending
o Cosmetic nail products
o Dyes
o Drugs
o Others (TNT, pesticides, fertilizers)

--> Technological process
o Coke/coal process
o Pygas process
o Reformate process
o Styrene process

Regional/Geographic Analysis

Asia Pacific region accounted for the highest share in 2016, with North America and Europe next in line. The demand in Europe, however, has shown some downward trend due to closing down of refineries- which in fact is a limiting factor for the market growth in various other regions too.
Moreover, modern refineries are coming up in the Middle East and Asia Pacific regions, posing as competition for other refineries. Also, overall demand is on the fall due to more fuel-efficient vehicles and promotion of bio-based fuels like ethanol.

Key Players

The key players in the global toluene market include the following companies:
--> BASF
--> BP Chemicals
-- >> China National Petroleum
--> ConocoPhillips
--> ExxonMobil Chemicals
--> Mitsui Chemicals
--> Reliance Industries
--> Shanghai Dinghan Chemical Co. Ltd.
--> Shell
--> Sinopec
--> Valero Energy

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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