Global Market Summary of Toluene

Toluene is an aromatic organic chemical compound also known as Methyl Benzene. It consists of 7 Carbon and 8 Hydrogen making up the chemical formula as C 7 H 8. It is colourless, clear, and inflammable liquid with characteristic aroma due to the presence of aromatic ring i.e. Benzene.

The global Toluene market was valued at US$ 23.6 billion in 2018, growing at a CAGR of more than 2.1 % during 2012-2018. Looking forward, the global Toluene market is anticipated to touch US$ 31 billion by 2023, at a CAGR of 1.4 % for the forecast period 2018-2023.

Toluene is widely deployed in a number of applications:- (i) Pharmaceuticals, (ii) as a solvent/thinner for production of Paints/Varnishes, Adhesives, (iii) Chemicals derived from Toluene etc. About 50% of the total consumption of Toluene is consumed as Solvent in Thinner, Printing Ink, Diluents, Adhesives and Bulk Drugs sector.

Currently, North East Asia is the leading producer and China is the leading consumer of Toluene.

Major global manufacturers of Toluene are:- SK Global, GS Caltex, Exxon Mobil, Sinopec Petrochemicals, and Shanghai Petrochemicals.

This report covers the global scenario on Toluene Industry, Region-wise Supply Demand Analysis and Future Demand Projections for the Africa, South America, North America, Indian Subcontinent, North East Asia, China, South East Asia, Middle East, Europe and Australia. For Indian scenario this report covers major producers, Supply, Demand, Market Drivers and Future Projection.