Global Toluene Market is Forecast to Reach $31.1 Billion by 2024 - Benzene Represents the Largest Segment, Followed by Solvents, Xylene, and TDI

Wednesday, 03. July 2019 16:37

Dublin, July 03, 2019 (GLOBE NEWSWIRE) -- The "Toluene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to's offering.

According to the report, the global toluene market reached a value of US$ 22.5 Billion in 2018. The market is anticipated to reach a value of US$ 31.1 Billion by 2024, exhibiting a CAGR of 5.6% during 2019-2024.

This report provides a deep insight into the global toluene market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc.

Market Drivers

The growing applications of toluene and its derivatives in numerous industries represent the key growth inducing factors for the market. Besides, the wider use of toluene in gasoline blends, where it acts as octane booster and maintains the energy content of gasoline, has augmented the market growth.

Additionally, the surging demand for aromatics in the petrochemical industry for the production of synthetic fibres, elastomers, agrochemicals, dyes, nail paints, etc. is driving the global toluene market globally. Apart from this, expansion in the end-use industries, particularly in the emerging markets, such as China, India, etc., has resulted in an augmented demand for toluene.

Market Segments

The report has segmented the market on the basis of technology into reformate process, pygas process, coke/coal process, and styrene process.

Based on the application, benzene represents the largest segment, followed by solvents, xylene, TDI, and others.

On a regional-basis, Asia Pacific is the leading market, followed by North America and Europe. Other major regions include the Middle East and Africa, and Latin America.

Based on the import-export scenario of the market, the report finds that China is the largest importer whereas Japan is the largest exporter.

The report has also analysed the competitive landscape of the market with some of the key global players being BASF, Covestro, BP, SK Innovation Co, and Royal Dutch Shell.

Key Topics Covered

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends

5 Global Toluene Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Price Trends
5.4 Market Breakup by Technology
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes

6 Market Breakup by Technology
6.1 Reformation Process
6.2 Pigs Process
6.3 Coke/Coal Process
6.4 Styrene Process

7 Market Breakup by Application
7.1 Gasoline
7.3 Solvents
7.4 Trans Alkylation (TA)
7.5 Hydrodealkylation
7.6 Toluene Diisocyanate (TDI)
7.7 Toluene Disproportionation (TDP)
7.8 Others

8 Market Breakup by Region
8.1 Asia-Pacific
8.2 North America
8.3 Europe
8.4 Middle East & Africa
8.5 Latin America

9 Imports and Exports
9.1 Imports
9.2 Exports

10 Toluene Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors

11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 ExxonMobil Corporation Company Overview Description Product Portfolio Financials SWOT Analysis
11.3.2 SK Group
11.3.3 British Petroleum
11.3.4 Versalis
11.3.5 Compaia Espaola De Petroleos Sau

For more information about this report visit

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

         Laura Wood, Senior Press Manager
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Petrochemicals , Solvents , Fuel Additives 

Primary Logo

Related Links: 
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.