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Global Toluene Market 2017-2021

Global Toluene Market 2017-2021

About Toluene

Toluene is an aromatic hydrocarbon solvent, which is produced during the manufacturing of gasoline and other fuels from crude oil. Alternative names used for toluene are methylbenzene, toluol, anisen, and phenyl methane. Naphtha is the main feedstock, which is used to produce toluene. Heavy and light naphtha are the two main grades that are used for producing toluene. It is extracted during the process of fractional distillation of crude oil. In addition, Coke Oven Light Oil (COLO) can be used as an alternative for manufacturing aromatics such as toluene, however, owing to the low combustion value of these products and shortage of supply, naphtha is most commonly used as a raw material for the manufacturing toluene and other aromatics.

Technavio’s analysts forecast the global toluene market to grow at a CAGR of 4.59% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global toluene market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of toluene for manufacturing its derivative types.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Toluene market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Chevron Phillips Chemical
  • ExxonMobil
  • LyondellBasell Industries
  • Reliance Industries
  • BASF
Other prominent vendors
  • Wanhua Industrial Group
  • BP
  • Braskem
  • CITGO Petroleum
  • CEPSA (IPIC)
  • DAELIM
  • Indian Oil
  • LOTTE CHEMICAL TITAN HOLDING BERHAD
  • GS Caltex
  • Marathon Petroleum
  • Mitsubishi Chemical
  • NOVA Chemicals
  • Petróleos Mexicanos
  • Shell
  • SK global chemical
  • TOTAL
Market driver
  • Widespread application avenues of toluene
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in toluene prices
  • For a full, detailed list, view our report
Market trend
  • Fluctuation in crude oil prices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Toluene market 2017-2021

Technavio recognizes the following companies as the key players in the global toluene market: BASF, Chevron Phillips Chemical, ExxonMobil, LyondellBasell Industries, and Reliance Industries

Other Prominent Vendors in the market are: Wanhua Industrial Group, BP, Braskem, CITGO Petroleum, CEPSA (IPIC), DAELIM, Indian Oil, LOTTE CHEMICAL TITAN HOLDING BERHAD, GS Caltex, Marathon Petroleum, Mitsubishi Chemical, NOVA Chemicals, Petróleos Mexicanos, Shell, SK global chemical, and TOTAL.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Fluctuation in crude oil prices. Toluene is an aromatic compound that is used to manufacture benzene, TDI, and other derivatives. The key component used for manufacturing toluene is gasoline by the catalytic reformer in an ethylene cracker or while making coke from coal. Toluene is a distillate product of crude oil. Toluene is formed by the fractional distillation of crude oil. The fluctuating prices of crude oil affect the prices of the raw material, which affects the production cost of toluene.”

According to the report, one of the major drivers for this market is Widespread application avenues of toluene. Toluene is extensively consumed in TDI, which is used to manufacture flexible PU foams. These foams are used in upholstery, mattresses, and automotive seats. In addition, toluene as a solvent is used in paints, thinners, lacquers, glues, correction fluid, and nail polish remover. It is also used in the printing and leather tanning processes. In biochemistry, toluene is used for breaking or disrupting red blood cells to extract hemoglobin.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in toluene prices. Toluene is generally an aromatic compound that is used for manufacturing chemicals such as benzene, xylene, and others. Toluene is manufactured from crude oil and other natural sources. These compounds rely on the availability of toluene. The price of toluene varies from region to region based on the crude oil prices. The fluctuations in the price of toluene will pose a major challenge to the market in the next five years.

Companies Mentioned

BASF, Chevron Phillips Chemical, ExxonMobil, LyondellBasell Industries, and Reliance Industries, Wanhua Industrial Group, BP, Braskem, CITGO Petroleum, CEPSA (IPIC), DAELIM, Indian Oil, LOTTE CHEMICAL TITAN HOLDING BERHAD, GS Caltex, Marathon Petroleum, Mitsubishi Chemical, NOVA Chemicals, Petróleos Mexicanos, Shell, SK global chemical, and TOTAL.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Value chain for toluene market
  • Market landscape
    • Market overview
      • Table Global toluene market
    • Market size and forecast
      • Table Global toluene market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by derivative type
    • Global toluene market by derivative type
      • Table Global toluene market by derivative type 2016
      • Table Global toluene market by derivative type 2021
    • Global toluene market share by derivative type
      • Table Global toluene market share by derivative type (%)
    • Global toluene market by benzene and xylene
      • Table Global toluene market by benzene and xylene 2016-2021 ($ millions)
    • Global toluene market by gasoline additives
      • Table Global toluene market by gasoline additives 2016-2021 ($ millions)
    • Global toluene market by TDI
      • Table Global toluene market by TDI 2016-2021 ($ millions)
    • Global toluene market by solvents
      • Table Global toluene market by solvents 2016-2021 ($ millions)
    • Global toluene market by others
      • Table Global toluene market by others 2016-2021 ($ millions)
  • Regional landscape
    • Geographical segmentation
      • Table Regional share - 2016-2021 (% share)
    • Regional comparison
      • Table Regional comparison
    • APAC - market size & forecast
      • Table APAC - market size & forecast 2016-2021 ($ millions)
      • Table APAC - Year-over-year growth 2017-2021 (%)
    • Americas - market size & forecast
      • Table Americas - market size & forecast 2016-2021 ($ millions)
      • Table Americas - Year-over-year growth 2017-2021 (%)
    • EMEA - market size & forecast
      • Table EMEA - market size & forecast 2016-2021 ($ millions)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Fluctuation in crude oil prices
    • Alternatives for toluene
    • Increase in R&D activities
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Global toluene market: Major market vendors 2016
    • Other prominent vendors
  • Key vendor analysis
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
    • Chevron Phillips Chemical
      • Table Chevron Phillips Chemical: Business segmentation by revenue 2016
      • Table Chevron Phillips Chemical: Geography segmentation by revenue 2016
    • ExxonMobil
      • Table ExxonMobil: Business segmentation by revenue 2016
      • Table ExxonMobil: Geographical segmentation by revenue 2016
    • LyondellBasell Industries
      • Table LyondellBasell Industries: Business segmentation by revenue 2016
      • Table LyondellBasell Industries: Geographical segmentation by revenue 2016
    • Reliance Industries
      • Table Reliance Industries: Segmentation of revenue by business 2016
      • Table Reliance Industries: Segmentation of revenue by geography 2016
      • Table Specification of toluene
  • Appendix
    • List of abbreviations
  • Explore Technavio

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