demand in India is projected to cross 923 thousand tonnes
by 2030 growing at a healthy CAGR, on account of increasing
consumption in the manufacturing of Benzene and Xylene for its use in
production of plastics, fibers, dyes, detergents and drugs etc. Toluene has the
capability to dissolve several organic compounds and hence it is gaining
popularity as solvent in paints, lacquers, thinners, glues, correction fluid
and nail polish remover. Toluene being a major by - product in the
manufacturing process of Styrene, has applications in the production of Toluene
diisocynate for further manufacturing of Polyurethane which is further used in
the manufacturing of foams for furniture, seats etc. Toluene is also used in
manufacture of Trinitrotoluene (TNT) which is used in small quantities for making
explosives. With the increasing demand of cleaner and better fuels for
automobiles, Toluene is used as an ingredient to produce better quality fuel by
using it in the blending of petrol.
Currently, Reliance Industries, Indian Oil Corporation Limited and Bharat
Petroleum Corporation Limited are three major Toluene manufacturers in India.
India is also dependent on countries such as Singapore, Thailand, United Arab
Emirates etc. for the import of Toluene; thus, with the increasing demand of Toluene in the domestic market and no
expansion plans by major manufacturing industries in India, import of Toluene
is expected to increase in the coming years.
Years Considered for this Report:
Years: 2013 – 2018
Period: 2021 – 2030
Objective of the
primary objective of the study was to evaluate and forecast
Toluene capacity, production, demand, inventory, and demand – supply gap in
categorize Toluene demand in India based on sales channel, region and process.
trade dynamics and company share in India Toluene market.
identify major customers of Toluene in the Indian market.
evaluate and forecast Toluene by process in India Toluene market.
identify and profile major companies operating in India Toluene market.
identify major news and expansion plans in India Toluene market.
In this report, India Toluene
market has been
segmented into following categories:
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Major players operating in India Toluene
Reliance Industries, Indian Oil Corporation Limited, Bharat Petroleum
Corporation Limited, Shell Global, Exxon Mobil, Mitsui Chemicals, Sinopec
Corporation and S.K Global Chemical Corporation Limited, among others.
extract data for India Toluene market, primary research surveys were conducted
with Toluene manufacturers, suppliers, distributors, wholesalers and end users.
While interviewing, the respondents were also inquired about their competitors.
Through this technique, TechSci Research was able to include manufacturers that
could not be identified due to the limitations of secondary research.
TechSci Research analyzed various end user segments and projected a positive
outlook for India Toluene market over the coming years.
Research calculated Toluene demand in India by analyzing the historical data
and demand forecast was carried out considering raw material prices and growing
demand for the product among end consumers. TechSci Research sourced these
values from industry experts and company representatives and externally
validated through analyzing historical sales data of respective manufacturers to
arrive at the overall market size. Various secondary sources such as company
websites, association reports, annual reports, etc., were also studied by
- Toluene manufacturers, suppliers,
distributors and other stakeholders
- Organizations, forums and alliances
related to Toluene distribution and industrial consumers
- Government bodies such as regulating
authorities and policy makers
- Market research and
study is useful in providing answers to several critical questions that are
important for industry stakeholders, such as Toluene manufacturers, distributors and industry policy makers.
The report also provides useful insights about which market segments should be
targeted over the coming years to strategize investments and capitalize on
With the given market data, TechSci Research offers
customizations according to a company’s specific needs.
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]