Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), 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: ETC076431 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Toluene Market is expected to register a proliferation in the coming future. The Asia Pacific is emerging as the fastest-growing market of toluene. The Asia Pacific region dominated the global market region. Increasing Demand for Benzene & Xylene in this region increases growth of the market. The expansion of petrochemical industry in this region, countries such as India, Taiwan, and Thailand increased the toluene market to the next level in this region. The TDI segment is expected to be the fastest growing market in this region. TDI is used for manufacturing of Polyurethane which is further used in the manufacturing of foams for furniture, seats etc. The TDI is primely used for the production of Polyurethane (PU) foams. The PU foams are largely used in industries such as, oil & gas, building and construction and automotive in insulating applications. PU is also used in automobiles due to its light weight, which enables lowering fuel emissions. These characteristics of PU will lead the toluene market in this region. On the effect of COVID-19 lockdown the manufacturing process is stopped. After the restart of operations in manufacturing, there was a lack of domestic and international orders forced these company to operate below capacity. The supply chain was affected badly. So, there is huge reduction of order and sales in the region. On the account of COVID-19 lockdown in India, the dealers in India are struggled to get the space for the inventory, as the result toluene price have gone low and sold at very low price. India imposed the 15pc Covid-19 tax to protect its domestic industry. In India for the Manufacturing of food Packing printing ink, the usage of toluene is banned and has great impact over imports. In May 2021, Singapore and China implemented the tax on imported mixed-aromatics which directly affect the toluene market.
According to 6Wresearch, Asia Pacific Toluene Market size is anticipated to register growth during 2021-2027. In Asia Pacific region China has the largest Market. China is the largest importer and Japan is the largest exporter of toluene. The key players in this region are China Petroleum & Chemical Corporation, China National Petroleum Corporation, Indian Oil Corporation Ltd, Formosa Chemical & Fiber Corporation, SK Innovations, GS Caltex, CPC Corporation.
China is the largest producer of paints, coatings, chemicals and adhesives, as the result toluene market never goes off. China dominates the plastic production in the global market, owing to its increasing demand from various industries and the continuous set up of new plants in the country, toluene has a great demand. India is also one of the largest markets for toluene in this region. The increasing consumption in the manufacturing of Benzene and Xylene in India, which are used in the production of dyes, drugs plastics, fibres and detergents leads the toluene market in India. The manufactures in these regions are acquiring new technology to reduce the operating cost, increase the productivity which may take the market to next level. Various major coatings manufacturers are setting up newer plants in this region. AkzoNobel established its world's largest powder coatings facility in Changzhou, China. As there was an expansion of end-use industry all-over the region positively impacts the toluene market.
The Asia Pacific toluene market report thoroughly covers the market by product type, distribution channels, and countries including China, India, Japan, Australia, among other key countries. The Asia Pacific toluene market outlook report provides an unbiased and detailed analysis of the on-going Asia Pacific 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
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 Asia Pacific Toluene Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Toluene Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Toluene Market - Industry Life Cycle |
3.4 Asia Pacific Toluene Market - Porter's Five Forces |
3.5 Asia Pacific Toluene Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Toluene Market Revenues & Volume Share, By Derivation Type, 2020 & 2027F |
3.7 Asia Pacific Toluene Market Revenues & Volume Share, By Production Process, 2020 & 2027F |
3.8 Asia Pacific Toluene Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Asia Pacific Toluene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Toluene Market Trends |
6 Asia Pacific Toluene Market, 2017 - 2027 |
6.1 Asia Pacific Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
6.2 Asia Pacific Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
6.3 Asia Pacific Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
7 China Toluene Market, 2017 - 2027 |
7.1 China Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
7.2 China Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
7.3 China Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
8 India Toluene Market, 2017 - 2027 |
8.1 India Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
8.2 India Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
8.3 India Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Japan Toluene Market, 2017 - 2027 |
9.1 Japan Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
9.2 Japan Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
9.3 Japan Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Australia Toluene Market, 2017 - 2027 |
10.1 Australia Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
10.2 Australia Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
10.3 Australia Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Indonesia Toluene Market, 2017 - 2027 |
11.1 Indonesia Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
11.2 Indonesia Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
11.3 Indonesia Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
12 Philippines Toluene Market, 2017 - 2027 |
12.1 Philippines Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
12.2 Philippines Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
12.3 Philippines Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
13 Malaysia Toluene Market, 2017 - 2027 |
13.1 Malaysia Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
13.2 Malaysia Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
13.3 Malaysia Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
14 Rest of Asia Toluene Market, 2017 - 2027 |
14.1 Rest of Asia Toluene Market, Revenues & Volume, By Derivation Type, 2017 - 2027 |
14.2 Rest of Asia Toluene Market, Revenues & Volume, By Production Process, 2017 - 2027 |
14.3 Rest of Asia Toluene Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Asia Pacific Toluene Market Key Performance Indicators |
12 Asia Pacific Toluene Market - Opportunity Assessment |
12.1 Asia Pacific Toluene Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Asia Pacific Toluene Market Opportunity Assessment, By Derivation Type, 2020 & 2027F |
12.3 Asia Pacific Toluene Market Opportunity Assessment, By Production Process, 2020 & 2027F |
12.4 Asia Pacific Toluene Market Opportunity Assessment, By Application, 2020 & 2027F |
13 Asia Pacific Toluene Market - Competitive Landscape |
13.1 Asia Pacific Toluene Market Revenue Share, By Companies, 2020 |
13.2 Asia Pacific Toluene Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |