Toluene Prices

Toluene Price Trend and Forecast

Track the latest insights on toluene price trend and forecast with detailed analysis of regional fluctuations and market dynamics across Europe, North America, Middle East & Africa, Asia Pacific, and Latin America.

Toluene Prices Q4 2024

During the fourth quarter of 2024, the toluene prices in the United States reached 895 USD/Kg in December. The market saw relative equilibrium, with expenses holding stable despite some instabilities. This stability was largely due to adequate stockpiles and a reduction in production costs. However, logistical disruptions from labor strikes resulted in uncertainties in shipments, creating concerns over price declines. At the same time, demand remained cautious, particularly from industries like TDI manufacturing and solvents. Broader economic factors, including a slowdown in the construction sector, further dampened usage.

In the fourth quarter of 2024, toluene prices in China reached at 902 USD/Kg in December. The market saw a minor drop in prices because of weak usage in major sectors like TDI production and the production of polyurethane. Although supply levels stayed consistent, there was a wary attitude toward upcoming inventory, which helped drive the downward trend. The decline in usage from end user industries, along with geopolitical uncertainties, maintained a subdued market. Even with consistent production, sluggish performance in the construction and automotive industries contributed to a wary forecast, resulting in a slight decrease in toluene prices throughout the quarter.

During the fourth quarter of 2024, toluene pricing reached 979 USD/Kg in December. The market saw continued price decline, primarily due to weak demand and high commodities. Despite some industrial production growth in Europe, sectors such as construction, which is a key user of toluene, persisted in struggle. The demand for toluene from the paint and coatings sectors remained low, and geopolitical issues, along with fluctuating oil prices, contributed to market instability. With excess stockpiles and a cautious outlook for recovery, the market remained bearish, with prices expected to stay subdued in the near future.

Toluene Prices Q3 2024

The toluene prices in the United States for Q3 2024 reached 952 USD/Ton in September. The market saw a substantial decline in prices due to decreased employment by major sectors such as polyurethane and TDI. Supply chain disturbances and global uncertainties, including crude oil price volatility, worsened the situation. Local factors, such as chemical plant shutdowns due to weather-related concerns, added pressure on the market. The overall economic instability, coupled with weaker downstream demand, led to a negative trend in toluene pricing, leaving the market uncertain.

The price trend for toluene in China for Q3 2024, reached 992 USD/Ton in September. The market remained relatively stable, although weak usage by key industries like styrene and aromatic solvents created a subdued market atmosphere. Temporary plant shutdowns in South Korea, Taiwan, and Singapore further limited production capacity but did not significantly alter the pricing trend. Lower crude oil prices provided some relief, but logistical challenges, particularly in shipping, restrained market activity.

The price trend for toluene in Europe for Q3 2024 reached 1,103 USD/Ton in September. The cost continued to decline, attributed to weak needs from sectors like TDI production and construction. The abundance of toluene, particularly because of stagnation in the construction industry, led to downward pressure on prices. High energy and naphtha costs also played a part in exacerbating the price drops. Despite some resilience in civil engineering, the broader construction industry stayed in a slump, which, combined with high production costs, contributed to the bearish market outlook.

Toluene Prices Q2 2024

The toluene prices in the United States for Q2 2024 reached 1060 USD/MT in June. The country experienced notable shifts in prices, with a clear downward trend prevailing. Seasonal influences failed to offer the usual boost, with the ongoing downward trajectory apparent on close examination of the relationship between overall market behavior and price patterns. Prices also decreased from Q1 2024, highlighting a continuous declining trend. By the end of Q2, prices of toluene demonstrated an overall pessimistic outlook.

The price trend for toluene in South Korea for Q2 2024 settled at 860 USD/MT in June. The country experienced notable price fluctuations, mirroring seasonal shifts and wider trends in the market. Comparing the first half of Q2 with the second showed an additional decrease, highlighting a consistent declining trend during the period. By the end of the quarter, the South Korean toluene prices exhibited a pessimistic outlook. The pricing dynamics of Q2 were influenced by factors such as rising freight costs, supply chain constraints, and demand projections.

In Germany, the toluene prices for Q2 2024 reached 965 USD/MT in June. The country experienced significant shifts in prices, with an overarching negative sentiment, primarily due to seasonal influences. Typical seasonal increases in activity during warmer months did not occur, and heavy rainfall further caused challenges with transportation lines, worsening the market conditions. Germany witnessed a significant price drop in comparison to the same period during the previous year, indicating a notable decrease. After an initial upswing in the first quarter of 2024, the prevailing outlook in the second quarter turned negative.

The prices of toluene in Saudi Arabia for Q2 2024 reached 1155 USD/MT in June. The country experienced significant price fluctuations, with a generally bearish trend. Seasonal influences, including reduced requirements for heating fuels, played a role in weakening demand. Prices exhibited a notable decrease in comparison to Q2 2023 and a further decline from Q1 2024. The second half of Q2 witnessed a sharper decrease in comparison to the former part, highlighting an increasingly negative market sentiment.

Toluene Prices Q1 2024

The toluene prices in Saudi Arabia for Q1 2024 reached 1405 USD/MT in March. The country experienced the largest fluctuations in prices in the Middle East and Africa. Prices of toluene rose significantly in comparison to Q1 2023. With regards to the preceding quarter, prices again increased notably, reflecting a steadily rising trajectory. Additionally, a significant variance in prices was observed between the former and latter halves of Q1 2024, further indicating a positive pricing trend with consistent increases during the period.

The price trend for toluene in South Korea for Q1 2024 settled at 860 USD/MT in March. The country witnessed notable fluctuations in the prices for toluene in 2024, with a substantial rise in comparison to Q4 2023. However, they were also notably lower than Q1 2023. During the period, the pricing trajectory experienced a minimal increase in the latter half as compared to the former. Overall, prices for toluene in the country exhibited an upward trend, with the pricing trajectory steadily increasing during the period.

Toluene Prices Q4 2023

The toluene prices in the United States for Q4 2023 reached 1030 USD/MT in December. The market witnessed a significant decline due to falling crude oil prices and a strong dollar limiting exports to Europe. Weak demand from sectors like paints and coatings, alongside low naphtha and gasoline prices, further pressured the market. High inventory levels and geopolitical tensions added complexity to market dynamics.

The price trend for toluene in South Korea for Q4 2023, reached 800 USD/MT in December. The market experienced a decline due to reduced demand from industries like paint, coatings, and adhesives, leading to a bearish trend. Lower production rates and moderate supply conditions further pressured prices. Despite a challenging economic environment, the market witnessed no plant shutdowns, maintaining operational stability amid fluctuating global conditions.

The price trend for toluene in Belgium for Q4 2023, reached 980 USD/MT in December.  The market witnessed substantial price drops owing to decreased demand from TDI, coatings, and adhesives sectors. Supply interruptions in the Red Sea and elevated freight costs impacted trade. The market exhibited modest supply and careful trading, influenced by economic uncertainty and geopolitical tensions in Europe.

The price trend for toluene in Saudi Arabia for Q4 2023, reached 1151 USD/MT in December. The market witnessed continuous price drop mainly driven by weak demand from adhesives, coatings, and disinfectants sectors. High inventory levels and increase in imports from low-priced producers like China further pressured prices, while regional disturbances in oil shipments hinted at potential impacts on spot crude prices, reflecting market instability.

Regional Coverage

The report provides a detailed analysis of the toluene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the toluene price trend.

Global Toluene Price Trend

The report offers a holistic view of the global toluene pricing trends in the form of toluene price chart, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into toluene historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into toluene price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed toluene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Toluene Price Trend

Q4 2024:

In the fourth quarter of 2024, the toluene market in Europe was characterized by inadequate need and excess inventories, leading to declining prices. Throughout the quarter, toluene costs in Germany remained under pressure because of increased stock levels and limited employment in industries like TDI production and other aromatics. Despite some growth in industrial production in Germany, key sectors such as construction struggled, dampening toluene utilization. The geopolitical landscape and fluctuations in crude oil prices added additional pressure, influencing pricing trends. Toluene demand from the paint and coatings sector, a significant end-user, was muted, while concerns over supply chain stability further held back market recovery. The overall market sentiment remained cautious, with expectations for a slow economic recovery and an oversupply situation continuing to weigh on prices. The market outlook remained bearish, with no substantial price increases anticipated in the near future.

Q3 2024:

In Europe, the toluene market faced a steep decline in prices during the third quarter of 2024, with some regions like the Netherlands seeing the most significant shifts. Reduced demand from sectors like TDI production and construction contributed heavily to the price decline. The market was further pressured by a surplus of toluene resulting from weak demand, particularly from the construction industry, which was in a prolonged slump. High energy and naphtha costs exacerbated the pricing situation. The slow pace of recovery in the housing sector and a lack of strong demand from downstream industries added to the market's woes. Despite some resilience in civil engineering, the overall outlook remained grim, with elevated production costs and weak consumption stifling any hope of price recovery. This combination of factors created a bearish market sentiment, leading to a continued downward trend in toluene prices.

Q2 2024:

Throughout the second quarter of 2024, toluene prices in Europe witnessed a significant drop, indicating a pessimistic environment. This decline was driven by factors such as abundant domestic supplies, reduced requirements from downstream sectors, and fluctuating international rates of crude oil and naphtha. Macroeconomic challenges, including inflation, higher rates of interest, and economic recession in Europe, also dampened demand, from key sectors such as automotive, manufacturing, and construction in particular. The continuous price decline during the second quarter of 2024 across Europe underscored a difficult pricing climate, shaped by internal market sentiment and broader economic challenges, resulting in an overall pessimistic market outlook.

Q1 2024:

During the first quarter of 2024, the Europe market for toluene faced an intricate mix of modifications in inventory networks, international issues, and economic circumstances affecting the costs of manufacturing and overall requirements. Stockpiles remained sufficient, ensuring a stable supply amidst instability in imports and production needs. However, rising prices of naphtha increased production costs, putting pressure on producers to sustain profits without raising prices significantly. Additionally, upcoming maintenance work in Europe threatened to restrict supply, requiring careful management of supplies. Regardless of these issues, the market avoided major demand and supply disruptions, with cautious optimism prevailing as key market participants adapted to economic uncertainties, demonstrating the sector's perseverance and flexibility.

Q4 2023:

In Q4 2023, Europe's toluene market experienced a downward price trend due to reduced production in manufacturing sectors and weak demand from TDI, coatings, and adhesives industries. Supply constraints in the Red Sea affected trading activities, and high freight rates constrained diesel shipments to Europe from the US. The market was marked by moderate supply, cautious trading, and anticipations of a potential rebound in the coming months as geopolitical tensions and supply chain issues gradually eased. With diminishing demand and economic uncertainty, the region faced a challenging quarter, balancing supply constraints and reduced market activity.

This analysis can be extended to include detailed toluene price information for a comprehensive list of countries.

North America Toluene Price Trend

Q4 2024:

In the final quarter of 2024, the toluene market faced relative price steadiness, with costs remaining stable despite fluctuations. Healthy stockpiles and a decline in manufacturing prices supported the consistent supply of toluene. However, logistical disruptions, particularly due to labor strikes, caused waits in shipments and increased worries over price declines. Demand was tepid as key industries, including toluene diisocyanate (TDI) and solvent applications, showed weaker activity, maintaining a cautious outlook. The construction industry’s sluggish performance and the broader economic slowdown further dampened toluene consumption. Despite low naphtha prices and steady inventory levels, demand across several sectors remained muted, contributing to a balanced yet subdued market dynamic. The quarter ultimately ended with prices slightly on the decline, driven by logistical challenges and tepid demand.

Q3 2024:

The toluene market in North America saw a notable downturn in Q3 of 2024, with costs experiencing a marked decline in comparison to the previous year. This drop was most notable in the United States, where prices followed an unfavorable trend throughout the quarter. Key factors contributing to the price decrease included reduced demand from major sectors like polyurethane and TDI, as well as disruptions in global and local supply chains. The volatility in crude oil and naphtha prices, along with economic uncertainties, further pressured the market. Additionally, supply issues arose as several chemical plants, including those operated by ExxonMobil, shut down or implemented precautionary measures due to weather-related concerns. The overall market outlook remained unstable, with external factors, such as OPEC’s reduced influence on crude oil prices and shifting economic signals from the United States, adding to the market’s unpredictability.

Q2 2024:

During the second quarter of 2024, toluene prices in North America witnessed a significant drop, driven by various factors. The primary contributors were weak demand for derivatives and reduced manufacturing expenses. The industry also faced instability due to fluctuating prospects of crude oil and continuous drops in the prices of raw materials. Even with manufacturing levels scaled back amid widespread market variability, toluene supply still exceeded downstream requirements. The decline in raw material naphtha rates offered minimal cost support, intensifying pessimistic sentiment amidst producers. Furthermore, reduced operation levels and slower production activities further intensified the downward pressure on prices.

Q1 2024:

During the first quarter of 2024, the prices of toluene in North America experienced an upward trend. Transportation expenses rose, inflation intensified, and the prices of items such as plastics and metals increased significantly. Due to reductions in production by OPEC, numerous regions in the Americas expanded their supply of toluene. Demand for toluene and various other aromatic compounds remained robust, influencing rates in the domestic market. The overall improvement was widespread, and the service and manufacturing industries witnessed notable expansion. The amount of sub-sectors experiencing growth reached its highest level in ten months, and manufacturing output also increased, fueled by robust requirements for products.

Q4 2023:

During the fourth quarter of 2023, the toluene market in North America faced significant challenges, primarily due to declining crude oil prices and a strong US dollar, which reduced exports to Europe. Additionally, lower demand from downstream industries, such as paints, coatings, and solvents, alongside high inventory levels, contributed to the market downturn. Despite steady demand, seasonal low naphtha prices and weak gasoline markets further pressured toluene prices. The geopolitical tensions and economic factors created a complex environment for manufacturers, who remained cautious about adjusting prices, closely monitoring market conditions and demand volumes throughout the quarter.

Specific toluene historical data within the United States and Canada can also be provided.

Middle East and Africa Toluene Price Trend

Q4 2024:

In the last quarter of 2024, toluene prices in the Middle East and Africa (MEA) region saw downward pressure, mainly because of low usage and high market unpredictability. In Saudi Arabia, toluene costs were affected by low employment in major sectors like styrene and aromatics. While supply levels stayed consistent, variations in prices and the impact of freight expenses from the Asian market affected the overall expense forecast. The local paints and coatings industry experienced insignificant cost changes, indicating steady demand and consistent inventory levels. Geopolitical tensions and fluctuating crude oil prices exacerbated the challenges, further destabilizing the market. Despite strong domestic production in Saudi Arabia, reduced demand from critical sectors such as TDI and coatings led to a bearish market sentiment. As market participants awaited potential shifts in demand, the overall outlook remained subdued, with careful inventory management becoming a key focus.

Q3 2024:

During Q3 of 2024, the toluene market in the Middle East and Africa faced considerable pressure as prices declined notably across the region. Low usage by key industries like TDI production, paints, and construction played a central role in the downturn. Port congestion in the Middle East and Asia, coupled with challenges in repositioning containers, exacerbated the circumstances by causing supply chain disruptions. These logistical bottlenecks led to a surplus of empty containers, further impacting the market. Saudi Arabia saw considerable cost changes as a result of these factors. The overall market sentiment remained bearish, with supply chain issues compounding an already weak demand environment. The combination of decreased consumption and persistent logistical challenges resulted in a continuous price decline, leaving the market outlook subdued as the quarter closed.

Q2 2024:

Toluene prices in the Middle East and Africa witnessed a significant decrease due to various circumstances that applied negative pressure. Ongoing drops in naphtha rates and a worldwide surplus of essential feedstock were key contributors to market shifts. Rising transportation costs and a tighter container shipping industry added to logistical expenses, negatively affecting pricing. Geopolitical issues, resulting in extended transportation lines and higher logistical expenses, also influenced the pricing environment. This persistent negative trend, driven by economic and operational challenges, highlighted the difficulties within the industry, resulting in a substantial decrease in toluene prices during the second quarter of 2024.

Q1 2024:

In the first quarter of 2024, the Middle East and Africa market witnessed a notable rise in the prices of toluene, driven by several key factors. Toluene requirements increased in various sectors, including toluene diisocyanate, solvents, and aromatics, propelling a rising pricing trajectory. In addition, inventory challenges, including low supplies and restricted imports, contributed to the imbalance between supply and demand. These factors led to price increases to guarantee sufficient toluene availability. Overall, Q1 2024 in the Middle East and Africa was characterized by rising toluene prices fueled by robust requirements, inventory limitations, and disparities in prices.

Q4 2023:

In the last quarter of 2023, the toluene market in the Middle East and Africa region witnessed a decline in prices as demand weakened from sectors like adhesives, disinfectants, and Toluene Diisocyanate. Saudi Arabia saw significant price drops due to decreased buying interest, high inventory levels, and increase in imports from low-cost producers like China. The market faced oversupply challenges and sluggish demand from coatings and solvents, which further drove prices down.

In addition to region-wise data, information on toluene prices for countries can also be provided.

Asia Pacific Toluene Price Trend

Q4 2024:

During the fourth quarter of 2024 toluene market in the Asia Pacific, mainly in South Korea and China, saw a gradual decrease in prices. In China, steady supply levels were met with diminished demand from key sectors like TDI production and polyurethane manufacturing, which led to slight price drops. Concerns about future supply and stockpiles further contributed to the market's cautious sentiment. In South Korea, a combination of subdued demand from sectors such as paints and coatings, along with low naphtha prices, resulted in further price declines. Geopolitical uncertainty and logistical challenges, including high freight costs, added downward pressure on toluene prices. Despite stable domestic production in both countries, the broader market faced pressure from reduced demand in the automotive and construction sectors. The quarter concluded with a steady yet slightly declining price trend, as demand from key industries remained lackluster.

Q3 2024:

The toluene market in Asia Pacific remained relatively stable during the third quarter of 2024, albeit under a backdrop of weak demand. Lower demand from the styrene and aromatic solvent markets, both domestically and globally, weighed on the market. This environment prompted companies to carefully manage inventories and adjust manufacturing schedules to align with market realities. Temporary plant shutdowns in countries like South Korea, Taiwan, and Singapore added strain to production capacity, although this did little to alter the broader market outlook. The decline in crude oil prices provided some relief to producers, but logistical challenges in the shipping sector, such as the container crisis driven by excess production in China, limited the region’s ability to rebound. While some areas expressed interest in stock replenishment, demand stayed insufficient to sustain price increases, and market activity remained low throughout the quarter.

Q2 2024:

Toluene prices in Asia Pacific witnessed varied conditions in the second quarter of 2024, influenced by numerous factors. During the early part of Q2, requirements from key industries, including coatings, paints, and solvents, were significantly reduced. This decline was intensified by falling rates of naphtha, a major raw material, which directly impacted Toluene production costs. Geopolitical uncertainties added further volatility to naphtha and crude oil prices. Conversely, toluene prices saw an upswing as limited supply in South Korea, driven by maintenance activities at GS Caltex, increased prices. Major players in the market kept elevated prices and lessened inventories amid growing demand. Oversupply concerns remained due to ample regional stockpiles, prompting a cautious stance among market players.

Q1 2024:

In the first quarter of 2024, prices of toluene in the Asia Pacific market saw a general increase, driven by numerous circumstances. Steady demand from various sectors, including solvents, paints, end-use petrochemicals, and coatings, played a significant role in driving an upward pricing trajectory. Additionally, construction activities in Asia Pacific further heightened the toluene demand, propelling the rising pricing trend. Overall, Asia Pacific experienced a favorable market environment for toluene during the Q1 of 2024, supported by consistent requirements from diverse sectors and ongoing construction projects.

Q4 2023:

In the Asia-Pacific region during Q4 2023, toluene prices were impacted by reduced demand from industries like TDI, coatings, and adhesives, alongside lower production rates. Moderate supply levels were maintained by domestic refineries, but the overall market sentiment remained bearish due to a global economic slowdown and seasonal factors. South Korea, in particular, saw a notable price decline, influenced by decreased demand and moderate supply conditions, without any reported plant shutdowns. As the quarter concluded, limited market activity and fluctuating global economic conditions contributed to the ongoing bearish trend in the region's toluene market.

This toluene price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Toluene Price Trend

The analysis of toluene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Toluene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Toluene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of toluene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of toluene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of toluene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing toluene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Toluene Industry Analysis

The global toluene industry size reached US$ 28.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 44 Billion, at a projected CAGR of 4.60 % during 2023-2032.

• The automotive and construction industries are expanding, which is increasing the demand for toluene-based products such as paints, coatings, and adhesives.
• The growing awareness of environmental concerns is prompting the development and adoption of eco-friendly toluene derivatives.
• Ongoing technological advancements in toluene production and processing are enhancing efficiency and reducing costs, contributing to market expansion.
• The growing versatility of toluene in the production of polymers, resins, and rubber compounds sustains its demand across various industrial applications.
• Rising stringency in regulatory policies and government initiatives aimed at promoting the use of toluene-based products in sustainable applications, such as renewable energy technologies and green chemistry.
• The extensive research and development activities aimed at exploring new applications and derivatives of toluene is fostering innovation and opening new avenues for market growth.
• Augmenting demand for toluene in the manufacturing of explosives, dyes, and perfumes underscores its importance across diverse industries.
• Strategic collaborations and partnerships among key industry players for capacity expansions, technology advancements, and market penetration initiatives play a crucial role in shaping the competitive landscape.
• The rate of toluene blending in specialty fuels such as aviation gasoline and racing gasoline to boost octane levels and fuel efficiency is rising. For example, the National Library of Medicine cites a study that toluene presents as an odorless colorless liquid with the prevalent characteristic smell. Flashpoint 40 °F. Having a density lower than water, with 7.2 lb/gal, and no solubility in water, vapors that are heavier than air in their density. Utilized in jet and auto fuels, to dissolve various substances, or to make other chemicals.
• The augmenting demand for toluene in the production of polyurethane foams, resins, and plastics for various applications, including insulation, packaging, and furniture, underscores its importance in the construction and consumer goods sectors.
• Electronics and semiconductor manufacturing sectors utilize toluene in the production of specialty chemicals and electronic materials.
• Rapid urbanization and infrastructure development fuel demand for toluene-based materials in the construction sector, such as asphalt modifiers and sealants.
• The expanding cosmetics and personal care industry utilizes toluene in the formulation of fragrances, nail polish, and hair care products.

Toluene News

The report covers the latest developments, updates, and trends impacting the global toluene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in toluene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the toluene price trend.

Latest developments in the toluene industry:

• January 2025: The Union Minister of Petroleum of India launched the toluene product at Mangalore Refinery and Petrochemicals Ltd (MRPL). With an annual production capacity of 40,000 tons, this new facility will help reduce India's reliance on imports and save around $3 million annually in foreign exchange. Toluene is vital for industries such as pharmaceuticals, chemicals, and paints.
• June 2024: The Chairman & Managing Director of Epigral, announced the company's plans to commission India’s first Chlorotoluene and its value chain plant with a capacity of 15,000 TPA. The plant is expected to cater to the agrochemical and pharmaceutical industries, with the full facility slated for completion by Q2 FY25.
• March 2024: SABIC and Fujian Energy and Petrochemical Group (FEPG) awarded contracts for a new olefins and derivatives complex in Zhangzhou, China. Lummus Technology will provide licensing and design for the mixed-feed steam cracker, producing 1.8 million tpy of ethylene and also supporting the production of toluene along with other products. The $6.4 billion project is expected to be completed by 2026.
• March 2024: Cepsa launched its Digitalization Plan at the San Roque Energy Park, investing €13 million to implement 5G, IIoT, and AI for efficiency and safety. This initiative positions Cepsa as a highly digitalized and interconnected leader in the energy sector, optimizing operations and enhancing user experience.
• October 2023: Versalis, Eni’s chemical company, collaborates with S.R.S. to build a demo plant in Mantua for Hoop, a chemical recycling technology for mixed plastic waste. Partnering with Corepla, the project aims to enhance post-consumer plastic value, integrating with Technip Energies' pyrolysis product purification technologies. The Hoop demo plant, scheduled to operate by 2024-end, will handle 6,000 tons of secondary raw material.
• September 2023: British Petroleum secured its third long-term LNG offtake contract from Woodfibre's British Columbia LNG facility, committing all output for sale. This expands BP's LNG portfolio and supports energy transition and security amidst the growing importance of LNG.

Product Description

Toluene refers to a type of carbohydrate that falls into the category of sugar alcohols, also known as polyols. It occurs naturally in fruits and vegetables or can be produced synthetically from glucose. Chemically, it is a polyhydric alcohol with a sweet taste, but lower sweetness intensity compared to sucrose. Commercially, toluene is utilized to preserve moisture, provide texture to products, and add sweetness, along with potentially supporting oral health.

Toluene consists of approximately 2/3 of the calories of table sugar and provides about 60% sweetness. It is extensively employed as a sugar substitute in food and beverage (F&B) products, especially those targeted towards individuals with diabetes or those seeking to reduce calorie intake.

Toluene also serves as a moisturizing agent in personal care products such as skincare, haircare, and oral care items due to its humectant properties. In the pharmaceutical industry, toluene functions as an excipient in formulations and oral medications, providing sweetness, texture, and bulk to tablets, syrups, and suspensions. Its versatility and multiple applications make it a valuable ingredient in several industries.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of toluene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting toluene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The toluene price charts ensure our clients remain at the forefront of the industry.