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Ceresana Analyzes the Global Market for Toluene - Fuel additives or solvents, basis for polyurethane plastics or explosives: Toluene is used in a wide variety of applications -
Ceresana Analyzes the Global Market for Toluene


NewswireToday - /newswire/ - Konstanz, Baden-Wuerttemberg, Germany, 2015/03/23 - Fuel additives or solvents, basis for polyurethane plastics or explosives: Toluene is used in a wide variety of applications -

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A new study published by the market research institute Ceresana analyzes the world market for the important petrochemical toluene. "The market volume is considerable", says Oliver Kutsch, CEO of Ceresana: "In 2013 toluene worth US$24.5 billion was sold worldwide."

Processing into Benzene and Xylene

Toluene is an aromatic hydrocarbon. Its direct production based on crude oil or coal is not commercially viable. Thus, toluene is usually manufactured as a by-product of crude oil processing. The predominant application for toluene is the production of other chemicals: In 2013, about 56% of all the toluene consumed were converted into benzene and xylene. Hydrogen dealkylation (HDA process) yields benzene, while toluene disproportionation (TDP process) and transalkylation of toluene can be used to produce both benzene and xylene.

Ingredient of Textile Fibers

The main reason for xylene being of commercial interest is the strong increase of global demand for paraxylene. Paraxylene is mainly processed into terephthalic acid (TPA), which in turn is largely utilized to manufacture polyesters or PET plastics. The largest sales market for these are polyester fibers. Especially in Asia-Pacific this industrial sector experienced a significant boom in recent years. By now this region accounts for almost 80% of global demand for paraxylene.

TDI in Demand for Polyurethane

Polyurethanes are conquering ever more application areas: Plastics, foams, adhesives, varnishes, or textile fibers. As a result, demand for the intermediate product TDI (toluene-2,4-diisocyanate), manufactured from toluene, rises. Asia-Pacific in particular is seeing a strong expansion of production capacities for this material: In this region, demand for toluene in the production of TDI is projected to increase by more than 4.4% p.a. Until 2021.

Producers in Western Europe and North America under Pressure

Consumption of fossil fuels is falling in many established industrialized countries. Operators of refineries in North America and Western Europe are faced with increasing competition of the modern refineries that are put into operation in Asia-Pacific and the Middle East. Possible closures of refineries could lead to a reduction of the supply of the by-product toluene. Producers in industrialized countries in the west are also coming under pressure because output of benzene in the Middle East and in Africa is rising significantly. A large amount of this benzene is exported onto the world market. Consequently, less toluene is converted into benzene in other regions.

The Study in Brief:

Chapter 1 is a description and analysis of the global market for toluene. Development of demand, revenues, and production are explained in detail. Additionally, data on existing and future production capacity is provided. This report also offers an extensive insight into the development in individual countries and regions.
Chapter 2 examines the 25 largest countries of the market in more detail and provides information on demand, revenues, production, import, and export of toluene as well as capacities. Demand for toluene is analyzed split by the segments benzene, xylene, TDI, solvents, and other applications.
Chapter 3 offers a detailed analyses of the various applications for toluene, for example the production of benzene and xylene. This study contains data on demand development, split by Western Europe, Eastern Europe, North America, South America, Asia-Pacific, and the Middle East/Africa as well as consumption figures for the most important individual countries in these regions.
Chapter 4 is a useful directory of producers, clearly arranged according to contact details, turnover, profit, product range, production sites, profile summary, product-specific information as well as existing and future capacities at individual production sites. Extensive profiles of 61 manufacturers are provided, including Braskem, China National Petroleum Corporation (CNPC), Chinese Petroleum Corporation (CPC), Eni SpA, ExxonMobil Corp., JX Holdings, Inc., LyondellBasell Industries NV, National Petrochemical Company, and Sinopec Corp.

About Ceresana

Ceresana ( is a leading international market research and consultancy company for the industrial sector and operates branch offices in Constance, Vienna and Hong Kong. For more than 10 years, it has been supplying several thousand customers from 55 countries with up-to-date market intelligence. Extensive market knowledge creates new prospects for strategic and operational decisions.
Ceresana's clients profit from practical consulting services, tailor-made single-client studies and more than 90 independent multi-client market studies.
The Ceresana business analysts are specialists in markets chemicals, plastics, additives, commodities, industrial components, packaging, and construction materials.

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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Ceresana securities in any jurisdiction including any other companies listed or named in this release.

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