Global Toluene Market Report and Forecast 2025-2034

On the basis of technology, the industry has been segregated into the reformation process, pygas process, coke/coal process, and styrene process. Amongst these, the reformation process dominated the industry in 2020. Based on the application, the gasoline segment accounted for the largest market share in 2020, owing to the increasing usage of toluene as an additive in gasoline. Regionally, the Asia Pacific dominated the global toluene market in 2020, owing to the rising demand for toluene in construction activities across various nations in the region.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

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Market Analysis

Toluene plays a vital role across many end-use industries, such as building and construction, rubber, printing, oil and gas, resins, leather, and pharmaceuticals, which is one of the prime factors driving the growth of the toluene market. Additionally, the rising application of toluene in the manufacturing of drugs and the blending of petrol offers significant market potential in the global toluene market. Furthermore, the surging demand for aromatics in the petrochemical industry for the production of elastomers, synthetic fibres, agrochemicals, nail paints, dyes, and others, is also driving the global toluene market globally. Apart from this, rapid industrialisation, and the expansion in the end-use industries, particularly in the emerging markets, such as China, India, and others, are positively influencing the industry growth. Moreover, India and China have witnessed major development in the chemical industry, owing to the constant growth in the economy and rising living standards. Further, the manufacturers of toluene are adopting new technologies to lower down its operating costs, enhance production efficiency and increase capacity, which is expected to further propel the industry growth.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global toluene market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Exxon Mobil Corporation
• Versalis S.p.A.
• Chevron Phillips Chemical Company
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.