市场调查报告书
商品编码
1520485
2024-2032 年按技术、应用(汽油、STDP/TPX、溶剂、烷基转移、加氢脱烷基化、甲苯二异氰酸酯、甲苯歧化等)和地区分類的甲苯市场报告Toluene Market Report by Technology, Application (Gasoline, STDP/TPX, Solvents, Trans Alkylation, Hydrodealkylation, Toluene Diisocyanate, Toluene Disproportionation, and Others), and Region 2024-2032 |
2023年全球甲苯市场规模达289IMARC Group美元。工业应用中不断增长的产品需求、汽车行业的不断扩张、建筑和基础设施项目的不断增长以及石油和天然气行业产品采用的不断升级是推动市场的一些因素。
主要市场驱动力:甲苯市场的最新发展突显出对苯和二甲苯生产的需求不断增长以及在石化应用中的广泛使用,这是加速市场成长的主要驱动力。
主要市场趋势:市场预测预计,由于其在高品质汽油生产中的重要作用以及在各个行业中作为溶剂的广泛使用,将推动其显着增长。
地理趋势:甲苯市场报告表明,在化学、汽车和电子行业快速工业化和扩张的推动下,亚太地区主导了市场,特别是在中国和印度。
竞争格局:各大公司正在增加产量并专注于研发,以创新和创造永续的解决方案,以确保在全球市场的竞争优势。
挑战与机会:环境法规带来了挑战,但甲苯市场最近开发生物基和低挥发性有机化合物甲苯替代品的机会将推动未来的市场创新和适应。
甲苯是一种无色水溶性液体,具有甜味、特殊气味,是一种瓦伦丁芳香烃。这种有机化合物是主要的工业化学溶剂,具有广泛的工业应用。它是一种重要的化合物,用于许多化学品,包括製造苯的衍生物,苯是塑胶、树脂和合成纤维的前体。图伦是製造各种油漆的重要成分,例如木材着色剂、汽车面漆、搪瓷和清漆。此外,它在胶水和其他油墨的生产中起着至关重要的作用。此外,它是汽油中的重要成分,可提高辛烷值并改善引擎性能。
全球市场主要受到苯和二甲苯生产中不断增长的产品需求的推动。与此一致的是,石化产业不断增加的产品采用率对市场做出了重大贡献。根据甲苯市场预测,製药业的持续扩张和对特种化学品的需求预计将维持市场成长。此外,甲苯作为溶剂在油漆、涂料、黏合剂和药品等各种应用中的广泛使用正在扩大其市场份额。此外,不断增长的汽车和建筑行业正在增加对甲苯产品的需求,包括橡胶以及清漆和清漆的稀释剂。甲苯在生产炸药(尤其是 TNT)方面的重要性及其在航空和赛车中作为高辛烷值添加剂的作用推动了其市场成长。对永续性的日益重视和生物基甲苯替代品的开发正在刺激该行业的创新。此外,严格的环境法规和安全问题鼓励采用甲苯替代品,但市场正在透过生产低 VOC(挥发性有机化合物)配方来适应。
增加电子元件生产中的产品使用
甲苯市场的成长在很大程度上取决于该产品在电子零件製造中用途的扩大。这种有机溶剂在电子工业中有广泛的应用,大量用于半导体、印刷电路板和各种电子装置的製造。不断的技术发展和製造智慧型手机、笔记型电脑等先进消费性电子产品对甲苯的需求不断增加,凸显了其至关重要的地位。甲苯的独特性质使其在材料的溶解和加工中具有不可替代的作用,以支援微电子和半导体领域的装置小型化和功能增强过程。
汽油混合物中产品的使用量不断增加
甲苯市场趋势是由当前汽油混合物需求不断增长所推动的。甲苯具有如此惊人的辛烷值,是汽油生产的主要成分之一,可提高引擎性能和燃油效率,提高排放水平。这一趋势至关重要,特别是考虑到全球汽车产业目前正在努力解决环境标准问题。中产阶级的迅速扩张推动了发展中市场汽车保有量的成长,进一步扩大了甲苯的市场份额,并强调了其在实现理想的清洁燃料标准方面的关键作用。
Argus Media 的 2022 年报告显示,欧洲甲苯价格预计将在 2023 年受到对高辛烷值成分的强劲需求的支撑,特别是在夏季驾驶高峰季节来自汽油搅拌机的需求。
扩大最终用途产业
众多最终用途产业的扩张为甲苯市场的成长提供了广阔的途径。甲苯是化学品、油漆涂料、医药、石化等产业的重要原料和溶剂,在全球呈现蓬勃发展趋势。化学工业有一种独特的方式使用甲苯来合成苯和二甲苯等化合物以及油漆和製药。随着这些产业不断加大扩张力以满足市场对甲苯的需求,透过影响整体市场推高甲苯市场收入。
The global toluene market size reached US$ 28.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 44.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032. The increasing product demand in industrial applications, the rising expansion of the automotive industry, the growing construction and infrastructure projects, and the escalating product adoption in the oil and gas sector are some of the factors propelling the market.
Major Market Drivers: The toluene market recent developments highlight increasing demand for benzene and xylene production and extensive use in petrochemical applications as primary drivers which are accelerating the market growth.
Key Market Trends: The market forecast projects significant growth driven by its essential role in the production of high-quality gasoline and expanding use as a solvent across various industries.
Geographical Trends: The toluene market report indicates that Asia Pacific dominates the market, fueled by rapid industrialization and expansion in chemical, automotive, and electronics sectors, particularly in China and India.
Competitive Landscape: Major companies are increasing the production and focusing on R&D to innovate and create sustainable solutions, securing a competitive edge in the global market.
Challenges and Opportunities: Environmental regulations pose challenges, but the toluene market recent opportunities in developing bio-based and low-VOC toluene alternatives are set to drive future market innovation and adaptation.
Toluene, a colorless and water-soluble liquid, with a sweet, characteristic odor, is a valentine aromatic hydrocarbon. This organic compound is main industrial chemical solvent, found in a wide range of industrial applications. It is a vital compound used for many chemicals including a derivative in the manufacturing of benzene, a precursor in plastics, resins, and synthetic fibers. Toulene serves as an essential component in the manufacture of all kinds of paints, such as wood stain, automotive finishes, enamel, and varnish. Besides, it plays a crucial part in production of the glues, and other inks. Additionally, it is an essential ingredient in gasoline, which provides a boost to the octane rating and improves the engine performance.
The global market is majorly driven by the increasing product demand in the production of benzene and xylene. In line with this, the rising product adoption in the petrochemical industry is significantly contributing to the market. As per the toluene market forecast, the pharmaceutical sector's continuous expansion and the demand for specialty chemicals are expected to sustain the market growth. Furthermore, the extensive use of toluene as a solvent in various applications such as paints, coatings, adhesives, and pharmaceuticals is expanding its market presence. Besides, the growing automotive and construction sectors are increasing the demand for toluene-based products, including rubber and thinners for lacquers and varnishes. Toluene's importance in producing explosives, particularly TNT, and its role as a high-octane additive in aviation and racing fuel its market growth. The increasing emphasis on sustainability and the development of bio-based toluene alternatives are stimulating innovation in the industry. Additionally, stringent environmental regulations and safety concerns encourage the adoption of toluene substitutes, but the market is adapting by producing low-VOC (Volatile Organic Compounds) formulations.
Increasing product use in the production of electronic components
Toluene market growth is heavily determined by the expanding usage of the product in the manufacture of electronic parts. This organic solvent has a wide range of application in the electronics industry and is largely used for manufacture of semiconductor, printed circuit boards, and various electronic devices. The continuous technological development and the increasing toluene demand to make advanced consumer electronics including smartphone, laptop and other products underline its crucial position. The distinct properties of toluene make them irreplaceable in the dissolution and processing of materials to support the microelectronics and semiconductor sectors in the process of device miniaturization and enhancement of functionality.
Rising product uptake in gasoline blends
The toluene market trends are driven by the increasing demand for the current gasoline blends. With such an amazing octane grade, toluene is one of the main ingredients in gasoline production increasing engine performance and fuel efficiency raising emissions level. This trend is vital, especially due to the global automotive industry that is currently trying to address environmental standards. The car ownership expansion in developing markets fueled by the rapid expansion of the middle-class further augments the toluene market share and emphasizes its pivotal function in attaining the desirable standards of clean fuels.
A 2022 report from Argus Media indicates that European toluene prices are expected to be supported in 2023 by strong demand for high-octane components, especially from gasoline blenders during the peak summer driving season.
Expansion of the end-use industries
The expansion of numerous end-use industries provides sizable avenues for toluene market growth. Toluene is an integral feedstock and solvent used in sectors such as chemicals, paints & coatings, pharmaceuticals, petrochemicals, which are witnessing vigorous world growing trend. The chemical industry has a unique way of using the toluene in synthesizing compounds, such as benzene and xylene, and in paints and pharmaceutics. As these industries escalate their expansion to meet the toluene demand in the market, they push up the toluene market revenue by influencing the overall market.
IMARC Group provides an analysis of the key trends in each segment of the global toluene market report, along with forecasts at the global and regional levels from 2024-2032. Our report has categorized the market based on technology and application.
Reformation Process
Pygas Process
Coke/Coal Process
Styrene Process
Reformation process dominates the market
The report has provided a detailed breakup and analysis of the market based on the technology. This includes the reformation process, pygas process, coke/coal process, and styrene process. According to the report, reformation process represented the largest segment.
The toluene market overview shows that the production of toluene mainly occurs through the reformation of naphtha and the process known as pygas. These technologies are the essential part in toluene production and in the scope of expanding the demand of petrochemical derivatives. The reforming process of naphtha and the extracting from pyrolysis gasoline provide the nonstop toluene flow, which is necessary to satisfy the unique needs of various industries, including chemical, plastic, and automotive.
Gasoline
STDP/TPX
Solvents
Trans Alkylation (TA)
Hydrodealkylation
Toluene Diisocyanate (TDI)
Toluene Disproportionation (TDP)
Others
Gasoline dominates the market
The report has provided a detailed breakup and analysis of the market based on the application. This includes gasoline, STDP/TPX, solvents, trans alkylation (TA), hydrodealkylation, toluene diisocyanate (TDI), toluene disproportionation (TDP), and others. According to the report, gasoline represented the largest segment.
In terms of fuel production, gasoline functions as a blending agent with the higher octane rating. The global toluene market analysis concentrates on the significance of enhancing the quality of gasoline, which is becoming more crucial as the global automotive sector increases. The growing ownership of vehicles and release of stricter standards on emissions are the key factors which make toluene an essential additive in the process of raising the quality of fuel, and thus aid in the upgrading of engine efficiency while reducing emission.
According to a 2015 report by the International Energy Agency, Saudi Arabia has introduced fuel-economy labeling for new cars and established fuel-economy standards. Concurrently, Iran implemented new energy conservation plans in 2014 to decrease gasoline and diesel consumption in the transportation sector.
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Asia Pacific exhibits a clear dominance, accounting for the largest market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. According to the report, Asia Pacific accounted for the largest market share.
The toluene market outlook in the Asia Pacific region is particularly strong. With a number of countries in the region, including China and India going through rapid industrialisation and the expansion of manufacturing facilities, the region has now become a big consumer and producer of toluene. The power of the market growth in this area is due to the rise of entities, such as chemical, textile, electronics, and automotive that use toluene for producing coatings, paints, and adhesives. The growing urbanization as well as the infrastructure development further step up the demand for the products and consequently cement Asia Pacific's leading role in the global toluene market.
According to a McKinsey and Company report, India is projected to contribute over 20 percent of the global increase in chemical consumption over the next twenty years. Domestic demand for chemicals in India is anticipated to grow from approximately $170 billion to $180 billion in 2021 to between $850 billion and $1,000 billion by 2040.
Exxon Mobil Corporation
SK Global
British Petroleum
Versalis
Compania Espanola De Petroleos Sau
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
The toluene companies are huge producers in the chemical and petrochemical industries are now scaling their production facilities so that they can cater to the increased global demand. Their research and development endeavours have brought new applications of toluene and revolutionized production mechanism, thus making them more productive and sustainable. These leading producers help to establish markets and, as a result, create a larger, constant stream of customers. Furthermore, sustainable organizations are in line with international environmental regulations, and they attract much more international eco-conscious audience.
On 15th April 2024, Versalis recently announced the acquisition of Tecnofilm, expanding in the compounding sector.
On 6th September 2023, British Petroleum entered a third long-term liquefied natural gas (LNG) offtake contract from Woodfibre's British Columbia LNG facility.
On 1st December 2022, Cepsa invested 3 billion euros in Andalusia to build the largest green hydrogen hub in Europe.