Toluene Market Size, Industry Analysis & Forecast Report 2017 to 2025

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Toluene Market: Global Market Synopsis, Growth Factors, Industry Segmentation, Regional
Analysis And Competitive Analysis 2017 - 2025
Market Scenario:
Toluene is a colourless, water insoluble liquid, and smell as paint or paint thinners. Toluene has
various commercial and industrial applications and it is used as solvent in paints, lacquers,
thinners, glues, correction fluid, nail polish remover, and in printing and leather tanning
processes. Toluene could be dangerous when its fumes get inhaled by human that causes
irritation of the eyes, respiratory tract, skin, neurological damage and intoxication. However,
other symptoms like headache, dizziness, fatigue, muscular weakness, drowsiness, and in
coordination with staggering gait, skin paraesthesia, collapse, and coma caused due to prolonged
contact with these solvents.
Toluene acts as octane booster and maintains the energy content of gasoline which is expected to
drive the major market of toluene. Further, toluene is used in the blending of petrol and occurs as
a by-product of styrene manufacture also boosts the market growth. Moreover, development of
synthetic fibers, elastomers, agrochemicals, dyes, nail paints are emerging factors augmenting
the market growth. However, rising demand for diesel against gasoline and the limitation in
toluol sourcing is the major restraining factor for toluene market. Moreover, inhalation of the
product from low to moderate levels causes memory loss, weakness, tiredness, nausea, confusion,
drunken-type actions, loss of appetite, colour vision loss and hearing loss that hinder the growth
of this market. Production of toluene from shale gas is anticipated to create better opportunities
for this market.
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Segmentation:
By Type
• Benzene And Xylene
• Toluene Diisocynate
• Solvents
• Gasoline
• Others
By Technology
• Reformate Process
• Pygas Process
• Coke/Coal Process

• Styrene Process
By Application
• Drugs
• Dyes
• Blending
• Cosmetic Nail Products
• Others
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Regional Analysis:
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Geographically, the toluene market is segregated in North America, Europe, Asia Pacific, and
LAMEA (Latin America, Middle East and Africa). The major growth factors for toluene market
in North American region is due to increasing number of end users for the products in industries
which includes oil & gas, building & construction and transportation industry. Further, presence
of prominent key players in toluene based products manufacturers in countries like U.S. and
Canada drives the Toluene market growth in North American region. Increasing demand of the
product in the electronics segment, interiors & furniture manufacturing is expected to drive the
market demand of toluene in European region. However, increasing investments and number of
manufacturing establishments in Asia-Pacific region is anticipated to grow market in future.
Key Players:
The major key players in toluene market are China Petroleum & Chemical Corporation, China
National Petroleum Corporation, Exxon Mobil Corporation, Covestro AG, BP PLC, SK
Innovations, BASF SE, GS Caltex, Formosa Chemical & Fiber Corporation, Royal Dutch Shell,
and CPC Corporation. These players are trying to recognise the needs of market in developing
countries and expanding their strategies to improve business needs.
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