Middle East & Africa Toluene Market Size & Outlook
Related Markets
MEA toluene market highlights
- The MEA toluene market generated a revenue of USD 2,395.8 million in 2022.
- The market is expected to grow at a CAGR of 6.3% from 2023 to 2030.
- In terms of segment, solvents was the largest revenue generating additives in 2022.
- TDI is the most lucrative additives segment registering the fastest growth during the forecast period.
- Country-wise, Nigeria is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 2,395.8 million |
| Market revenue in 2030 | USD 3,905.0 million |
| Growth rate | 6.3% (CAGR from 2022 to 2030) |
| Largest segment | Solvents |
| Fastest growing segment | TDI |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solvents, TDI |
| Key market players worldwide | Exxon Mobil Corp, SABIC, China Petroleum & Chemical Corp Class H, INEOS, Basf SE, Covestro AG, LyondellBasell Industries NV Class A, Shell PLC, Chevron Corp, Mitsubishi Chemical Group Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.0% of the global toluene market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 53,361.7 million by 2030.
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Toluene Market Scope
Toluene Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| China Petroleum & Chemical Corp Class H | View profile | 368450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | http://www.sinopec.com |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Mitsubishi Chemical Group Corp | View profile | 74632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | https://www.mcgc.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Chevron Corp | View profile | 45600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | https://www.chevron.com |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Covestro AG | View profile | 17520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | https://www.covestro.com/en |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Middle East & Africa toluene market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to toluene market will help companies and investors design strategic landscapes.
Solvents was the largest segment with a revenue share of 31.91% in 2022. Horizon Databook has segmented the Middle East & Africa toluene market based on solvents, tdi covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Toluene Additives Outlook (Revenue, USD Million, 2018-2030)
- Polyethylene
- Polypropylene
- Propylene oxide
- Acrylonitrile
- Phenol/cumene
- Cyclohexane
- Nitrobenzene
- Alkyl benzene
- Solvents
- TDI
- Formaldehyde
- Gasoline
- Acetic Acid
- MTBE
- Dimethyl Ether
- MTO/MTP
- Monomers
- Acrylic acid
- Isopropanol
- SB Rubber
- Butadiene rubber
- ABS
- SB latex
- Ethylene Oxide
- EDC
- Ethyl benzene
- Others
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Target buyers of Middle East & Africa toluene market databook
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Our clientele includes a mix of toluene market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa toluene market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa toluene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA toluene market size, by country, 2018-2030 (US$M)
Middle East & Africa Toluene Market Outlook Share, 2022 & 2030 (US$M)
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