The North America toluene market size reached 9.9 Million Tons in 2024. Looking forward, IMARC Group expects the market to reach 12.7 Million Tons by 2033, exhibiting a growth rate (CAGR) of 2.80% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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9.9 Million Tons |
Market Forecast in 2033
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12.7 Million Tons |
Market Growth Rate 2025-2033 | 2.80% |
Toluene (C7H8), also known as methylbenzene, is an organic chemical compound which is obtained as a byproduct during the production of crude oil. It is a colorless, water-insoluble liquid with the typical odour of paint thinner. Due to the presence of benzene, toluene is considered an aromatic compound. Additionally, toluene exhibits beta-oxidant, depressant, hepatoprotective, anesthetic, and neurotransmitter properties. Owing to this, it finds wide applications in several downstream industries, such as textiles, food processing and other industrial chemical processes.
The North America toluene market is being currently driven by several factors. The increasing utilization of toluene as a solvent for various commercial products, including paints and glues, has spurred its demand in the chemical-based industries. Furthermore, toluene is utilized in the production of hair dyes and in the explosives industry to manufacture flammable compounds, thereby stimulating the market growth in the region. Apart from this, there is an escalated demand for toluene in the pharmaceutical industry to produce various drugs. These include penicillin G potassium, penicillin G sodium, acetanilide, norfloxacin, ciprofloxacin, acetyl salicylic acid, prednisone and caffeine. Thus, rapid technological advancements in the pharmaceutical industry have positively influenced the growth of toluene market in the region.
IMARC Group provides an analysis of the key trends in each segment of the North America toluene market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on technology and application.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million Tons |
Segment Coverage | Technology, Application, Country |
Countries Covered | United States, Canada, Mexico |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report: