Summary

HNY Research projects that the Toluene market size will grow from 20624.8 Million USD in 2025 to 25520.4 Million USD by 2031, at an estimated CAGR of 3.61%. The base year considered for the study is 2025, and the market size is projected from 2026 to 2031.This report presents a detailed and holistic analysis of the global Toluene market. It integrates quantitative data with qualitative insights to equip readers with the necessary information for strategic planning, competitive assessment, market positioning, and data-driven decision-making.
All market sizes, estimates, and forecasts are expressed in terms of output/shipments and revenue. With 2025 serving as the base year, the report provides historical context from 2020. and projections up to 2031. It includes a complete segmentation of the global market, along with regional market sizes analyzed by type, application, and key industry participants.
Further enriching the analysis, the report outlines the competitive environment, offering profiles of prominent players and their market standings. It also explores key technological advancements and recent developments in product offerings.
Ultimately, this report serves as a vital resource for Toluene manufacturers, prospective entrants, and other stakeholders within the industry value chain. It supplies comprehensive data on revenues, production, and average pricing for the overall market and its sub-segments, detailed by company, product type, application, and geographic region.

By Market Players:
ExxonMobile Chemical
Sinopec
China National Petroleum
Reliance Industries
Shell
BP Chemicals
BASF
Koch Industries
JX Nippon Oil & Energy
Formosa Plastics
ConocoPhillips
Total Petrochemicals
Valero Energy
Chevron Phillips
Lyondellbasell
Covestro
Mitsui Chemicals
NOVA Chemicals
Sherwin-Williams

By Type
Nitration Grade Toluene
Pharmaceutical Grade Toluene
Industrial Grade Toluene

By Application
Pharmaceutical
Pesticide
Paints & Inks
Dyes and Pigment
TNT
Other

By Regions/Countries:
North America
East Asia
Europe
South Asia
Southeast Asia
Middle East
Africa
Oceania
South America

Points Covered in The Report
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years data history and forecast.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.

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Table of Contents

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Toluene Revenue
1.4 Market Analysis by Type
1.4.1 Global Toluene Market Size Growth Rate by Type: 2026-2031
1.4.2 Nitration Grade Toluene
1.4.3 Pharmaceutical Grade Toluene
1.4.4 Industrial Grade Toluene
1.5 Market by Application
1.5.1 Global Toluene Market Share by Application: 2026-2031
1.5.2 Pharmaceutical
1.5.3 Pesticide
1.5.4 Paints & Inks
1.5.5 Dyes and Pigment
1.5.6 TNT
1.5.7 Other
1.6 Study Objectives
1.7 Overview of Global Toluene Market
1.7.1 Global Toluene Market Status and Outlook (2020-2031)
1.7.2 North America
1.7.3 East Asia
1.7.4 Europe
1.7.5 South Asia
1.7.6 Southeast Asia
1.7.7 Middle East
1.7.8 Africa
1.7.9 Oceania
1.7.10 South America
1.7.11 Rest of the World
2 Manufacturing Cost Structure Analysis
2.1 Manufacturing Cost Structure Analysis of Toluene
2.2 Industry Chain Structure of Toluene
3 Market Competition by Manufacturers
3.1 Global Toluene Production Capacity Market Share by Manufacturers (2020-2025)
3.2 Global Toluene Revenue Market Share by Manufacturers (2020-2025)
3.3 Global Toluene Average Price by Manufacturers (2020-2025)
4 Toluene Regional Market Analysis
4.1 Toluene Production by Regions
4.1.1 Global Toluene Production by Regions (2020-2025)
4.1.2 Global Toluene Revenue by Regions
4.2 Toluene Consumption by Regions
4.3 North America Toluene Market Analysis
4.3.1 North America Toluene Production
4.3.2 North America Toluene Revenue
4.3.3 Key Manufacturers in North America
4.3.4 North America Toluene Import and Export
4.4 East Asia Toluene Market Analysis
4.4.1 East Asia Toluene Production
4.4.2 East Asia Toluene Revenue
4.4.3 Key Manufacturers in East Asia
4.4.4 East Asia Toluene Import & Export
4.5 Europe Toluene Market Analysis
4.5.1 Europe Toluene Production
4.5.2 Europe Toluene Revenue
4.5.3 Key Manufacturers in Europe
4.5.4 Europe Toluene Import & Export
4.6 South Asia Toluene Market Analysis
4.6.1 South Asia Toluene Production
4.6.2 South Asia Toluene Revenue
4.6.3 Key Manufacturers in South Asia
4.6.4 South Asia Toluene Import & Export
4.7 Southeast Asia Toluene Market Analysis
4.7.1 Southeast Asia Toluene Production
4.7.2 Southeast Asia Toluene Revenue
4.7.3 Key Manufacturers in Southeast Asia
4.7.4 Southeast Asia Toluene Import & Export
4.8 Middle East Toluene Market Analysis
4.8.1 Middle East Toluene Production
4.8.2 Middle East Toluene Revenue
4.8.3 Key Manufacturers in Middle East
4.8.4 Middle East Toluene Import & Export
4.9 Africa Toluene Market Analysis
4.9.1 Africa Toluene Production
4.9.2 Africa Toluene Revenue
4.9.3 Key Manufacturers in Africa
4.9.4 Africa Toluene Import & Export
4.10 Oceania Toluene Market Analysis
4.10.1 Oceania Toluene Production
4.10.2 Oceania Toluene Revenue
4.10.3 Key Manufacturers in Oceania
4.10.4 Oceania Toluene Import & Export
4.11 South America Toluene Market Analysis
4.11.1 South America Toluene Production
4.11.2 South America Toluene Revenue
4.11.3 Key Manufacturers in South America
4.11.4 South America Toluene Import & Export
5 Toluene Sales Market by Type (2020-2031)
5.1 Global Toluene Historic Market Size by Type (2020-2025)
5.2 Global Toluene Forecasted Market Size by Type (2026-2031)
6 Toluene Consumption Market by Application(2020-2031)
6.1 Global Toluene Historic Market Size by Application (2020-2025)
6.2 Global Toluene Forecasted Market Size by Application (2026-2031)
7 Company Profiles and Key Figures in Toluene Business
7.1 ExxonMobile Chemical
7.1.1 ExxonMobile Chemical Company Profile
7.1.2 ExxonMobile Chemical Toluene Product Specification
7.1.3 ExxonMobile Chemical Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.2 Sinopec
7.2.1 Sinopec Company Profile
7.2.2 Sinopec Toluene Product Specification
7.2.3 Sinopec Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.3 China National Petroleum
7.3.1 China National Petroleum Company Profile
7.3.2 China National Petroleum Toluene Product Specification
7.3.3 China National Petroleum Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.4 Reliance Industries
7.4.1 Reliance Industries Company Profile
7.4.2 Reliance Industries Toluene Product Specification
7.4.3 Reliance Industries Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.5 Shell
7.5.1 Shell Company Profile
7.5.2 Shell Toluene Product Specification
7.5.3 Shell Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.6 BP Chemicals
7.6.1 BP Chemicals Company Profile
7.6.2 BP Chemicals Toluene Product Specification
7.6.3 BP Chemicals Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.7 BASF
7.7.1 BASF Company Profile
7.7.2 BASF Toluene Product Specification
7.7.3 BASF Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.8 Koch Industries
7.8.1 Koch Industries Company Profile
7.8.2 Koch Industries Toluene Product Specification
7.8.3 Koch Industries Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.9 JX Nippon Oil & Energy
7.9.1 JX Nippon Oil & Energy Company Profile
7.9.2 JX Nippon Oil & Energy Toluene Product Specification
7.9.3 JX Nippon Oil & Energy Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.10 Formosa Plastics
7.10.1 Formosa Plastics Company Profile
7.10.2 Formosa Plastics Toluene Product Specification
7.10.3 Formosa Plastics Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.11 ConocoPhillips
7.11.1 ConocoPhillips Company Profile
7.11.2 ConocoPhillips Toluene Product Specification
7.11.3 ConocoPhillips Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.12 Total Petrochemicals
7.12.1 Total Petrochemicals Company Profile
7.12.2 Total Petrochemicals Toluene Product Specification
7.12.3 Total Petrochemicals Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.13 Valero Energy
7.13.1 Valero Energy Company Profile
7.13.2 Valero Energy Toluene Product Specification
7.13.3 Valero Energy Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.14 Chevron Phillips
7.14.1 Chevron Phillips Company Profile
7.14.2 Chevron Phillips Toluene Product Specification
7.14.3 Chevron Phillips Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.15 Lyondellbasell
7.15.1 Lyondellbasell Company Profile
7.15.2 Lyondellbasell Toluene Product Specification
7.15.3 Lyondellbasell Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.16 Covestro
7.16.1 Covestro Company Profile
7.16.2 Covestro Toluene Product Specification
7.16.3 Covestro Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.17 Mitsui Chemicals
7.17.1 Mitsui Chemicals Company Profile
7.17.2 Mitsui Chemicals Toluene Product Specification
7.17.3 Mitsui Chemicals Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.18 NOVA Chemicals
7.18.1 NOVA Chemicals Company Profile
7.18.2 NOVA Chemicals Toluene Product Specification
7.18.3 NOVA Chemicals Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.19 Sherwin-Williams
7.19.1 Sherwin-Williams Company Profile
7.19.2 Sherwin-Williams Toluene Product Specification
7.19.3 Sherwin-Williams Toluene Production Capacity, Revenue, Price and Gross Margin (2020-2025)
8 Production and Supply Forecast
8.1 Global Forecasted Production of Toluene (2026-2031)
8.2 Global Forecasted Revenue of Toluene (2026-2031)
8.3 Global Forecasted Price of Toluene (2020-2031)
8.4 Global Forecasted Production of Toluene by Region (2026-2031)
8.4.1 North America Toluene Production, Revenue Forecast (2026-2031)
8.4.2 East Asia Toluene Production, Revenue Forecast (2026-2031)
8.4.3 Europe Toluene Production, Revenue Forecast (2026-2031)
8.4.4 South Asia Toluene Production, Revenue Forecast (2026-2031)
8.4.5 Southeast Asia Toluene Production, Revenue Forecast (2026-2031)
8.4.6 Middle East Toluene Production, Revenue Forecast (2026-2031)
8.4.7 Africa Toluene Production, Revenue Forecast (2026-2031)
8.4.8 Oceania Toluene Production, Revenue Forecast (2026-2031)
8.4.9 South America Toluene Production, Revenue Forecast (2026-2031)
8.4.10 Rest of the World Toluene Production, Revenue Forecast (2026-2031)
8.5 Forecast by Type and by Application (2026-2031)
8.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2026-2031)
8.5.2 Global Forecasted Consumption of Toluene by Application (2026-2031)
9 Consumption and Demand Forecast
9.1 North America Forecasted Consumption of Toluene by Country
9.2 East Asia Market Forecasted Consumption of Toluene by Country
9.3 Europe Market Forecasted Consumption of Toluene by Countriy
9.4 South Asia Forecasted Consumption of Toluene by Country
9.5 Southeast Asia Forecasted Consumption of Toluene by Country
9.6 Middle East Forecasted Consumption of Toluene by Country
9.7 Africa Forecasted Consumption of Toluene by Country
9.8 Oceania Forecasted Consumption of Toluene by Country
9.9 South America Forecasted Consumption of Toluene by Country
9.10 Rest of the world Forecasted Consumption of Toluene by Country
10 Marketing Channel, Distributors and Customers
10.1 Marketing Channel
10.1.1 Direct Channels
10.1.2 Indirect Channels
11 Market Dynamics
11.1 Market Trends
11.2 Opportunities and Drivers
11.3 Challenges
11.4 Porter's Five Forces Analysis
12 Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer