Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Derivation Type (Benzene & Xylene, Toluene Diisocyanates, Solvents, Gasoline Additives, Others), By Production Process (Reformate Process, Pygas Process, Coke/Coal Process, Styrene Process), By Application (Drugs, Dyes, Blending, Cosmetic Nail Products, Others) And Competitive Landscape
Product Code: ETC077476 | Publication Date: Nov 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Africa Toluene Market is expected to grow at rapid pace rate during the forecast period. This growth can be attributed to the growing demand for polymers and adhesives in various industries across the globe. In addition to this, increasing awareness about environmental concerns and increasing focus on sustainable development are also augmenting the Africa Toluene Market size.
The Global Toluene Market is expected to witness growth in the coming years. The increasing demand for synthetic fragrances and other applications is expected to drive the growth of this market. Also, the growing automotive industry is also contributing to the market's growth.
According to 6Wresearch, Africa Toluene Market is expected to grow during 2022-2028. The Global Toluene Market is forecast to grow over the forecast period. The key factors driving the growth of the Toluene Market include involves rising industrialization levels across emerging economies, increasing awareness about environmentally friendly products among consumers, increase in automotive sector activities, diversification of product portfolio among producers to meet various end-use needs.
However, some of the key challenges faced by the Africa Toluene Industry includes high production costs, low efficiency in refining processes, and weak infrastructure. The key factors triggering growth in the Africa Toluene Market include increasing production of renewable energy, increase in electric vehicle sales, and improvement in fuel efficiency among other things.
Moreover, the key factors restraining growth in the Africa Toluene Market include increase in imports, stringent environmental regulations, and a slight decline in demand.
The COVID-19 pandemic has a significant impact on the Africa Toluene Market. The pandemic has led to a decrease in demand for toluene as many industries have been forced to shut down or reduce production. This has caused fluctuation in prices for toluene significantly which resulted in the low revenue rates.
The COVID-19 pandemic has also impacted the supply chain of toluene in Africa. Many suppliers have been forced to shut down operations or reduce production due to the pandemic. This has led to a shortage of toluene in the market and has caused prices to increase.
The influence of COVID-19 on the Africa Toluene Market is expected to continue in the coming months. The pandemic has led to a decrease in demand and an increase in price, which is likely to impact the market negatively in the short term. However, the long-term impact of the COVID-19 on the Africa Toluene Market is uncertain currently.
Based on Derivation Type, market is segmented into Benzene & Xylene, Toluene Diisocyanates, Solvents, Gasoline Additives, and Others. Among these, Benzene & Xylene held the largest market share attributed to the frequent utilization in industry chemicals.
Based on Production Process, market is segmented into Reformate Process, Pygas Process, Coke/Coal Process, and Styrene Process. The Reformate process is expected to dominate the Africa Toluene Market as it is widely adopted by various end use industries such as oil and gas, cosmetics, pharmaceuticals, and others.
Based on Application, market is bifurcated into Drugs, Dyes, Blending, Cosmetic Nail Products, and Others. Drugs anticipated to held the largest share in the market during the forecast period owing to increase in severity of diseases.
Some of the key market players in the Africa Toluene Market are;
The market report covers the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Toluene Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Toluene Market Revenues & Volume, 2021 & 2028F |
3.3 Africa Toluene Market - Industry Life Cycle |
3.4 Africa Toluene Market - Porter's Five Forces |
3.5 Africa Toluene Market Revenues & Volume Share, By Countries, 2021 & 2028F |
3.6 Africa Toluene Market Revenues & Volume Share, By Derivation Type, 2021 & 2028F |
3.7 Africa Toluene Market Revenues & Volume Share, By Production Process, 2021 & 2028F |
3.8 Africa Toluene Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 Africa Toluene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Toluene Market Trends |
6 Africa Toluene Market, 2018 - 2028 |
6.1 Africa Toluene Market, Revenues & Volume, By Derivation Type, 2018 - 2028 |
6.2 Africa Toluene Market, Revenues & Volume, By Production Process, 2018 - 2028 |
6.3 Africa Toluene Market, Revenues & Volume, By Application, 2018 - 2028 |
7 South Africa Toluene Market, 2018 - 2028 |
7.1 South Africa Toluene Market, Revenues & Volume, By Derivation Type, 2018 - 2028 |
7.2 South Africa Toluene Market, Revenues & Volume, By Production Process, 2018 - 2028 |
7.3 South Africa Toluene Market, Revenues & Volume, By Application, 2018 - 2028 |
8 Nigeria Toluene Market, 2018 - 2028 |
8.1 Nigeria Toluene Market, Revenues & Volume, By Derivation Type, 2018 - 2028 |
8.2 Nigeria Toluene Market, Revenues & Volume, By Production Process, 2018 - 2028 |
8.3 Nigeria Toluene Market, Revenues & Volume, By Application, 2018 - 2028 |
9 Kenya Toluene Market, 2018 - 2028 |
9.1 Kenya Toluene Market, Revenues & Volume, By Derivation Type, 2018 - 2028 |
9.2 Kenya Toluene Market, Revenues & Volume, By Production Process, 2018 - 2028 |
9.3 Kenya Toluene Market, Revenues & Volume, By Application, 2018 - 2028 |
10 Rest of Africa Toluene Market, 2018 - 2028 |
10.1 Rest of Africa Toluene Market, Revenues & Volume, By Derivation Type, 2018 - 2028 |
10.2 Rest of Africa Toluene Market, Revenues & Volume, By Production Process, 2018 - 2028 |
10.3 Rest of Africa Toluene Market, Revenues & Volume, By Application, 2018 - 2028 |
11 Africa Toluene Market Key Performance Indicators |
12 Africa Toluene Market - Opportunity Assessment |
12.1 Africa Toluene Market Opportunity Assessment, By Countries, 2021 & 2028F |
12.2 Africa Toluene Market Opportunity Assessment, By Derivation Type, 2021 & 2028F |
12.3 Africa Toluene Market Opportunity Assessment, By Production Process, 2021 & 2028F |
12.4 Africa Toluene Market Opportunity Assessment, By Application, 2021 & 2028F |
13 Africa Toluene Market - Competitive Landscape |
13.1 Africa Toluene Market Revenue Share, By Companies, 2021 |
13.2 Africa Toluene Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |
Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Derivation Type (Benzene & Xylene, Toluene Diisocyanates, Solvents, Gasoline Additives, Others), By Production Process (Reformate Process, Pygas Process, Coke/Coal Process, Styrene Process), By Application (Drugs, Dyes, Blending, Cosmetic Nail Products, Others) And Competitive Landscape
Product Code: ETC077476 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Africa Toluene Market is anticipated to gain sound growth prospects in the coming time zone. Africa has a solid toluene market. Africa major industries are Mining, Drilling and construction. The key growth drivers are increasing demand for toluene in construction and Mining. The product TDI from toluene has a great demand in this region. Toluene is used production of Paints, Varnishes, Adhesives, glues, correction fluids which are widely used in construction sector. So, demand of toluene neve goes off. Due to the outbreak of COVID-19 toluene market was affected terribly. Oscillation in crude oil prices is the major problem for the toluene market. The OPEC country’s major role in petroleum product for the export to other countries.
According to 6Wresearch, Africa Toluene Market size is anticipated to register growth during 2021-2027. The OPEC countries such as Libya, Algeria, Nigeria, Gabon, Angola, the Republic of the Congo mostly exporting toluene other regions around the world. Countries such as South Korea, UAE, Belgium are exporting the toluene to African countries. From Africa toluene are exports to India, Germany, US etc. The demand in benzene for the end-user is high in this region. TDI demand in this region is high where mining and drilling happens. TDI widely used for explosive and flammable.
Africa toluene market report thoroughly covers the market by product type, distribution channels, and countries including Algeria, Nigeria, Angola, Botswana, Cameroon, South Africa, Congo Republic, Egypt and other key countries. Europe toluene market outlook report provides an unbiased and detailed analysis of the on-going Africa toluene market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following market segments