Global Toluene Market Size & Outlook, 2022-2030
Global toluene market, 2018-2030 (US$M)
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Global toluene market highlights
- The global toluene market generated a revenue of USD 59,843.6 million in 2022 and is expected to reach USD 105,268.6 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 7.3% by 2030.
- In terms of segment, solvents accounted for a revenue of USD 17,880.3 million in 2022.
- Solvents is the most lucrative additives segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 59,843.6 million |
| Market revenue in 2030 | USD 105,268.6 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Solvents |
| Fastest growing segment | Solvents |
| 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 |
Other key industry trends
- In terms of revenue, the North America accounted for 29.8% of the global toluene market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 2,240.5 million by 2030.
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Toluene Market Scope
Toluene Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 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 29.88% in 2022. Horizon Databook has segmented the Global toluene market based on solvents, tdi covering the revenue growth of each sub-segment from 2018 to 2030.
- Global 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 Global 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 global-level data and insights on the Global toluene market , including forecasts for subscribers. This global databook contains high-level insights into Global toluene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global toluene market size, by region, 2018-2030 (US$M)
Top 10 countries: Toluene market size, 2022 (US$M)
Global toluene market share, by additives, 2022 & 2030 (%, US$M)
Toluene market: Opportunity assessment by country
Global toluene market, by region, 2022 (US$M)
| Additives | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 3,192.0 | 3,460.7 | 3,459.0 | 3,518.0 | 3,625.7 | 3,767.9 | 3,920.0 | 4,118.8 | 4,314.4 | 4,509.0 | 4,706.6 | 4,966.4 | 5,196.0 | 4.7% |
| Europe | 6,151.7 | 6,767.4 | 6,866.4 | 7,092.3 | 7,426.7 | 7,845.6 | 8,301.4 | 8,876.1 | 9,466.7 | 10,079.6 | 10,726.0 | 11,545.8 | 12,331.4 | 6.7% |
| North America | 14,596.1 | 16,108.6 | 16,396.9 | 16,991.7 | 17,851.8 | 18,921.6 | 20,088.6 | 21,552.6 | 23,066.0 | 24,645.0 | 26,317.9 | 28,430.4 | 30,474.5 | 7.1% |
| MEA | 2,001.2 | 2,197.0 | 2,224.5 | 2,292.8 | 2,395.8 | 2,525.4 | 2,666.2 | 2,844.4 | 3,026.7 | 3,215.1 | 3,413.2 | 3,665.2 | 3,905.0 | 6.5% |
| Asia Pacific | 22,276.4 | 24,874.4 | 25,616.7 | 26,856.1 | 28,543.6 | 30,604.6 | 32,866.9 | 35,667.4 | 38,608.7 | 41,721.9 | 45,059.9 | 49,227.6 | 53,361.7 | 8.3% |
| Overall | 48,217.3 | 53,408.1 | 54,563.4 | 56,750.9 | 59,843.6 | 63,665.1 | 67,843.0 | 73,059.3 | 78,482.5 | 84,170.7 | 90,223.6 | 97,835.4 | 105,268.6 | 7.3% |
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