톨루엔 시장 점유율, 규모, 동향, 산업 분석 보고서 : 유도체별, 제조 공정별, 용도별, 지역별, 부문별 예측(2024-2032년)

The global toluene market size is expected to reach USD 42.53 billion by 2032, according to a new study by Polaris Market Research. The report "Toluene Market Share, Size, Trends, Industry Analysis Report, By Derivative (Benzene and Xylene, Toluene Diisocyanates, Gasoline Additives, Others); By Production Process; By Application; By Region; Segment Forecast, 2024- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The toluene market is significantly influenced by the rising adoption of biofuels, driven by global sustainability efforts. As the world shifts towards renewable energy, toluene, a vital petrochemical feedstock, plays a crucial role in producing eco-friendly biofuels like bio-gasoline and bio-jet fuel. These alternatives offer reduced greenhouse gas emissions, aligning with environmental objectives. Toluene's versatility and compatibility in biofuel synthesis contribute to its increasing demand as a feedstock. Government initiatives promoting renewable energy sources further bolster the biofuel industry, stimulating demand for toluene.

Toluene serves as a vital feedstock for chemicals like benzene and xylene, which are crucial in producing plastics, solvents, and synthetic fibers. Its versatility as a solvent finds applications in paints, coatings, adhesives, and pharmaceuticals, enhancing product performance. Additionally, toluene plays a key role in gasoline formulation, improving combustion efficiency and octane ratings. With the automotive industry expanding and the need for cleaner fuels rising, toluene's significance as a gasoline additive remains strong. Moreover, toluene contributes to the manufacturing of rubber and plastics, which is essential in producing automotive and industrial components. Its diverse applications ensure sustained demand, fueling growth in the toluene market.

The construction industry's growth significantly impacts the toluene market. Toluene is integral to various construction products like adhesives, sealants, coatings, and insulation materials. It's crucial for formulating adhesives and sealants used in bonding diverse building materials. Toluene-based coatings provide durability and weather resistance in infrastructure projects. Additionally, toluene-based insulation materials offer thermal and sound insulation in residential, commercial, and industrial buildings. With urbanization, population growth, and infrastructure development driving construction globally, the demand for toluene rises. Government investments in infrastructure and increasing construction activities in emerging economies further boost demand.

Toluene also serves as a vital solvent in drug formulations, efficiently dissolving active pharmaceutical ingredients (APIs) and excipients. Additionally, toluene is essential in pharmaceutical coatings, ensuring uniform and protective coatings on tablets and capsules. These coatings enhance drug stability, control release profiles, and mask unpleasant tastes. Moreover, toluene plays a crucial role in synthesizing pharmaceutical intermediates and APIs. With the pharmaceutical sector rapidly expanding due to population growth, increased healthcare spending, and drug research advancements, the demand for toluene in pharmaceutical manufacturing remains robust, driving growth in the toluene market.

Toluene Market Report Highlights

In 2023, the benzene and xylene segment held significant revenue share owing to use as petrochemical feedstock and chemical intermediates, and rising focus on specialty chemicals.

In 2023, the reformate process segment held significant revenue share owing to long-term viability, higher efficiency and yield, and quality control.

In 2023, the drugs segment held significant revenue share owing to rise in global healthcare expenditure, and greater production of specialty pharmaceuticals.

In 2023, Asia-Pacific region accounted for a significant market share due to economic growth, industrial expansion, and infrastructure development.

The market is highly competitive owing to the existence of market players with a global presence, including BASF SE, Braskem S.A., Chevron Corporation, Exxon Mobil Corporation, Formosa Plastics Corporation, INEOS Group Holdings S.A., Sinopec Group, and TotalEnergies SE among others.

Polaris Market Research has segmented the Toluene market report based on derivative, production process, application, and region:

Toluene, Derivative Outlook (Revenue - USD Billion, 2019 - 2032)

• Benzene and Xylene
• Toluene Diisocyanates
• Gasoline Additives
• Others

Toluene, Production Process Outlook (Revenue - USD Billion, 2019 - 2032)

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

Toluene, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Dyes
• Drugs
• Blending
• Cosmetic Nail Products
• Others

Toluene, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
• U.S.
• Canada
• Europe
• France
• Germany
• UK
• Italy
• Netherlands
• Spain
• Russia
• Asia Pacific
• Japan
• China
• India
• Malaysia
• Indonesia
• South Korea
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• Saudi Arabia
• UAE
• Israel
• South Africa

Table of Contents

1. Introduction

• 1.1. Report Description
  • 1.1.1. Objectives of the Study
  • 1.1.2. Market Scope
  • 1.1.3. Assumptions
• 1.2. Stakeholders

2. Executive Summary

• 2.1. Market Highlights

3. Research Methodology

• 3.1. Overview
  • 3.1.1. Data Mining
• 3.2. Data Sources
  • 3.2.1. Primary Sources
  • 3.2.2. Secondary Sources

4. Global Toluene Market Insights

• 4.1. Toluene Market - Application Snapshot
• 4.2. Toluene Market Dynamics
  • 4.2.1. Drivers and Opportunities
    • 4.2.1.1. Growth in end-use industries is projected to spur the product demand
    • 4.2.1.2. Rise in demand for solvents
  • 4.2.2. Restraints and Challenges
    • 4.2.2.1. Environmental concerns
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers (Moderate)
  • 4.3.2. Threats of New Entrants: (Low)
  • 4.3.3. Bargaining Power of Buyers (Moderate)
  • 4.3.4. Threat of Substitute (Moderate)
  • 4.3.5. Rivalry among existing firms (High)
• 4.4. PESTEL Analysis
• 4.5. Toluene Market Application Trends
• 4.6. Value Chain Analysis
• 4.7. COVID-19 Impact Analysis

5. Global Toluene Market, by Derivative

• 5.1. Key Findings
• 5.2. Introduction
  • 5.2.1. Global Toluene Market, by Derivative, 2019-2032 (USD Billion)
• 5.3. Benzene and Xylene
  • 5.3.1. Global Toluene Market, by Benzene and Xylene, by Region, 2019-2032 (USD Billion)
• 5.4. Toluene Diisocyanates
  • 5.4.1. Global Toluene Market, by Toluene Diisocyanates, by Region, 2019-2032 (USD Billion)
• 5.5. Gasoline Additives
  • 5.5.1. Global Toluene Market, by Gasoline Additives, by Region, 2019-2032 (USD Billion)
• 5.6. Others
  • 5.6.1. Global Toluene Market, by Others, by Region, 2019-2032 (USD Billion)

6. Global Toluene Market, by Production Process

• 6.1. Key Findings
• 6.2. Introduction
  • 6.2.1. Global Toluene Market, by Production Process, 2019-2032 (USD Billion)
• 6.3. Coke/Coal Process
  • 6.3.1. Global Toluene Market, by Coke/Coal Process, by Region, 2019-2032 (USD Billion)
• 6.4. Reformate Process
  • 6.4.1. Global Toluene Market, by Reformate Process, by Region, 2019-2032 (USD Billion)
• 6.5. Styrene Process
  • 6.5.1. Global Toluene Market, by Styrene Process, by Region, 2019-2032 (USD Billion)
• 6.6. Pygas Process
  • 6.6.1. Global Toluene Market, by Pygas Process, by Region, 2019-2032 (USD Billion)

7. Global Toluene Market, by Application

• 7.1. Key Findings
• 7.2. Introduction
  • 7.2.1. Global Toluene Market, by Application, 2019-2032 (USD Billion)
• 7.3. Dyes
  • 7.3.1. Global Toluene Market, by Dyes, By Region, 2019-2032 (USD Billion)
• 7.4. Drugs
  • 7.4.1. Global Toluene Market, by Drugs, By Region, 2019-2032 (USD Billion)
• 7.5. Blending
  • 7.5.1. Global Toluene Market, by Blending, By Region, 2019-2032 (USD Billion)
• 7.6. Cosmetic Nail Products
  • 7.6.1. Global Toluene Market, by Cosmetic Nail Products, By Region, 2019-2032 (USD Billion)
• 7.7. Others
  • 7.7.1. Global Toluene Market, by Others, By Region, 2019-2032 (USD Billion)

8. Global Toluene Market, by Geography

• 8.1. Key findings
• 8.2. Introduction
  • 8.2.1. Toluene Market Assessment, By Geography, 2019-2032 (USD Billion)
• 8.3. Toluene Market - North America
  • 8.3.1. North America: Toluene Market, by Derivative, 2019-2032 (USD Billion)
  • 8.3.2. North America: Toluene Market, by Application, 2019-2032 (USD Billion)
  • 8.3.3. North America: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.3.4. Toluene Market - U.S.
    • 8.3.4.1. U.S.: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.3.4.2. U.S.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.3.4.3. U.S.: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.3.5. Toluene Market - Canada
    • 8.3.5.1. Canada: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.3.5.2. Canada.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.3.5.3. Canada: Toluene Market, by Production Process, 2019-2032 (USD Billion)
• 8.4. Toluene Market - Europe
  • 8.4.1. Europe: Toluene Market, by Derivative, 2019-2032 (USD Billion)
  • 8.4.2. Europe.: Toluene Market, by Application, 2019-2032 (USD Billion)
  • 8.4.3. Europe: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.4.4. Toluene Market - UK
    • 8.4.4.1. UK: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.4.4.2. UK.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.4.4.3. UK: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.4.5. Toluene Market - France
    • 8.4.5.1. France: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.4.5.2. France.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.4.5.3. France: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.4.6. Toluene Market - Germany
    • 8.4.6.1. Germany: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.4.6.2. Germany.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.4.6.3. Germany: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.4.7. Toluene Market - Italy
    • 8.4.7.1. Italy: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.4.7.2. Italy.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.4.7.3. Italy: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.4.8. Toluene Market - Spain
    • 8.4.8.1. Spain: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.4.8.2. Spain.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.4.8.3. Spain: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.4.9. Toluene Market - Netherlands
    • 8.4.9.1. Netherlands: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.4.9.2. Netherlands.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.4.9.3. Netherlands: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.4.10. Toluene Market - Russia
    • 8.4.10.1. Russia: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.4.10.2. Russia.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.4.10.3. Russia: Toluene Market, by Production Process, 2019-2032 (USD Billion)
• 8.5. Toluene Market - Asia Pacific
  • 8.5.1. Asia Pacific: Toluene Market, by Derivative, 2019-2032 (USD Billion)
  • 8.5.2. Asia Pacific.: Toluene Market, by Application, 2019-2032 (USD Billion)
  • 8.5.3. Asia Pacific: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.5.4. Toluene Market - China
    • 8.5.4.1. China: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.5.4.2. China.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.5.4.3. China: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.5.5. Toluene Market - India
    • 8.5.5.1. India: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.5.5.2. India.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.5.5.3. India: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.5.6. Toluene Market - Malaysia
    • 8.5.6.1. Malaysia: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.5.6.2. Malaysia.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.5.6.3. Malaysia: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.5.7. Toluene Market - Japan
    • 8.5.7.1. Japan: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.5.7.2. Japan.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.5.7.3. Japan: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.5.8. Toluene Market - Indonesia
    • 8.5.8.1. Indonesia: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.5.8.2. Indonesia.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.5.8.3. Indonesia: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.5.9. Toluene Market - South Korea
    • 8.5.9.1. South Korea: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.5.9.2. South Korea.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.5.9.3. South Korea: Toluene Market, by Production Process, 2019-2032 (USD Billion)
• 8.6. Toluene Market - Middle East & Africa
  • 8.6.1. Middle East & Africa: Toluene Market, by Derivative, 2019-2032 (USD Billion)
  • 8.6.2. Middle East & Africa.: Toluene Market, by Application, 2019-2032 (USD Billion)
  • 8.6.3. Middle East & Africa: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.6.4. Toluene Market - Saudi Arabia
    • 8.6.4.1. Saudi Arabia: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.6.4.2. Saudi Arabia.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.6.4.3. Saudi Arabia: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.6.5. Toluene Market - UAE
    • 8.6.5.1. UAE: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.6.5.2. UAE.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.6.5.3. UAE: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.6.6. Toluene Market - Israel
    • 8.6.6.1. Israel: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.6.6.2. Israel.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.6.6.3. Israel: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.6.7. Toluene Market - South Africa
    • 8.6.7.1. South Africa: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.6.7.2. South Africa.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.6.7.3. South Africa: Toluene Market, by Production Process, 2019-2032 (USD Billion)
• 8.7. Toluene Market - Latin America
  • 8.7.1. Latin America: Toluene Market, by Derivative, 2019-2032 (USD Billion)
  • 8.7.2. Latin America.: Toluene Market, by Application, 2019-2032 (USD Billion)
  • 8.7.3. Latin America: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.7.4. Toluene Market - Mexico
    • 8.7.4.1. Mexico: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.7.4.2. Mexico.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.7.4.3. Mexico: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.7.5. Toluene Market - Brazil
    • 8.7.5.1. Brazil: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.7.5.2. Brazil.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.7.5.3. Brazil: Toluene Market, by Production Process, 2019-2032 (USD Billion)
  • 8.7.6. Toluene Market - Argentina
    • 8.7.6.1. Argentina: Toluene Market, by Derivative, 2019-2032 (USD Billion)
    • 8.7.6.2. Argentina.: Toluene Market, by Application, 2019-2032 (USD Billion)
    • 8.7.6.3. Argentina: Toluene Market, by Production Process, 2019-2032 (USD Billion)

9. Competitive Landscape

• 9.1. Expansion and Acquisition Analysis
  • 9.1.1. Expansion
  • 9.1.2. Acquisitions
• 9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

• 10.1. BASF SE
  • 10.1.1. Company Overview
  • 10.1.2. Financial Performance
  • 10.1.3. Product Benchmarking
  • 10.1.4. Recent Development
• 10.2. Braskem S.A.
  • 10.2.1. Company Overview
  • 10.2.2. Financial Performance
  • 10.2.3. Product Benchmarking
  • 10.2.4. Recent Development
• 10.3.Chevron Corporation
  • 10.3.1. Company Overview
  • 10.3.2. Financial Performance
  • 10.3.3. Product Benchmarking
  • 10.3.4. Recent Development
• 10.4. China National Petroleum Corporation (CNPC)
  • 10.4.1. Company Overview
  • 10.4.2. Financial Performance
  • 10.4.3. Product Benchmarking
  • 10.4.4. Recent Development
• 10.5. Dow Chemical Company
  • 10.5.1. Company Overview
  • 10.5.2. Financial Performance
  • 10.5.3. Product Benchmarking
  • 10.5.4. Recent Development
• 10.6. Evonik Industries AG
  • 10.6.1. Company Overview
  • 10.6.2. Financial Performance
  • 10.6.3. Product Benchmarking
  • 10.6.4. Recent Development
• 10.7. Exxon Mobil Corporation
  • 10.7.1. Company Overview
  • 10.7.2. Financial Performance
  • 10.7.3. Product Benchmarking
  • 10.7.4. Recent Development
• 10.8. Formosa Plastics Corporation
  • 10.8.1. Company Overview
  • 10.8.2. Financial Performance
  • 10.8.3. Product Benchmarking
  • 10.8.4. Recent Development
• 10.9. INEOS Group Holdings S.A
  • 10.9.1. Company Overview
  • 10.9.2. Financial Performance
  • 10.9.3. Product Benchmarking
  • 10.9.4. Recent Development
• 10.10. LyondellBasell Industries N.V.
  • 10.10.1. Company Overview
  • 10.10.2. Financial Performance
  • 10.10.3. Product Benchmarking
  • 10.10.4. Recent Development
• 10.11. Mitsubishi Chemical Corporation
  • 10.11.1. Company Overview
  • 10.11.2. Financial Performance
  • 10.11.3. Product Benchmarking
  • 10.11.4. Recent Development
• 10.12. Royal Dutch Shell plc
  • 10.12.1. Company Overview
  • 10.12.2. Financial Performance
  • 10.12.3. Product Benchmarking
  • 10.12.4. Recent Development
• 10.13. Saudi Basic Industries Corporation (SABIC)
  • 10.13.1. Company Overview
  • 10.13.2. Financial Performance
  • 10.13.3. Product Benchmarking
  • 10.13.4. Recent Development
• 10.14. Sinopec Group
  • 10.14.1. Company Overview
  • 10.14.2. Financial Performance
  • 10.14.3. Product Benchmarking
  • 10.14.4. Recent Development
• 10.15. TotalEnergies SE
  • 10.15.1. Company Overview
  • 10.15.2. Financial Performance
  • 10.15.3. Product Benchmarking
  • 10.15.4. Recent Development