Chemical

World Analysis – Toluene & Mixed Xylenes

  • Market Overview
  • Key Benefits
  • Service Features
  • Report Table of Contents

Market Overview

Duration: Long-term outlook to 2050

Toluene is an aromatic compound produced mainly from catalytic reforming of naphtha and from steam cracking of paraffinic hydrocarbons. Toluene is also generated as a byproduct of styrene production and coke production. Toluene is utilized as a high-octane, low vapor pressure gasoline blend stock and as a solvent in various applications such as paints, coatings, sealants, elastomers, inks, dyes, cleaning agents, and adhesives. Toluene is also used to produce benzene and mixed xylenes in various transalkylation and disproportionation processes. Toluene di-isocyanate (TDI) and benzoic acid represent intermediate chemicals produced from toluene. TDI is used to produce polyurethane polymers which are used broadly for various applications including foam for mattresses, furniture and car seats; refrigerator insulation; elastomers for shoe soles and gel pads; and protective varnishes, coatings, and adhesives. Benzoic acid is an intermediate used to produce plasticizers, food preservatives, artificial flavors, insect repellent, phenol, and topical antiseptics.

Mixed xylenes are C8H10 aromatics comprised mostly of paraxylene, orthoxylene, metaxylene, and ethylbenzene. Mixed xylenes are produced commercially from catalytic reforming of naphtha, disproportionation and transalkylation of Toluene, and steam cracking of paraffinic hydrocarbons. Mixed xylenes are processed to isolation each of the primary xylene isomers for further use. The paraxylene isomer has by far the largest demand and is utilized primarily to produce polyester fiber and plastic bottles. Orthoxylene is isolated primarily to produce phthalic anhydride, a plasticizer in the manufacture of polyvinyl chloride products. Metaxylene is isolated and used to produce isophthalic acid, which, in turn, is used to manufacture polyethylene terephthalate (PET) soft-drink bottles. Mixed xylenes, much like toluene, are also used in solvent applications for paints, coatings, sealants, elastomers, inks, dyes, cleaning agents, and adhesives.

Key Benefits

Duration: Long-term outlook to 2050

The World Analysis – ABS Resins provides a comprehensive analysis and key insights into critical market developments as they shape the future outlook for the global ABS Resins market.

The following reports, data files, analytical tools and visualization modules are available online and can be downloaded from our website:

  • Direct Access to the Subject Matter Experts
  • In-depth exploration of present market strategic insights, recognition of critical challenges, and presentation of our experts’ forecasts and analysis
  • Explanatory Notes detailing data sources, methodologies, unit and conversion factors, and World Analysis deliverables.
  • Energy and Economy assumptions
  • Price, cost, and margin base assumptions forecast and sensitivities analysis, including price assessment methodology and price definitions across all regions.
  • Excel data files with standard supply/demand graphics and price forecasts extended to 2050, trade grids with country and regional trade flows Data appendix (Excel) with supply/demand, capacity and trade tables.
  • An online dashboard visualization of capacity, supply/demand, trade grids, and price, cost and margin forecasts
  • Supply/demand and capacity database access via data browser
  • Data Appendix (Excel) with supply/demand and capacity tables
  • Capacity by company/shareholder, capacity integration, top producer/consumer and surplus/deficit capacity ranking, and ownership/subsidiary information

In addition to the main product, Methanol, capacity and textual analysis are provided for the following products:

  • Acetic Acid
  • Biodiesel
  • Chloromethanes
  • Dimethyl ether
  • Formaldehyde
  • Gasoline Blending
  • Methanol-to-olefins / Methanol-to-Propylene
  • Methyl methacrylate
  • Methyl tert-butyl ether
  • Methylamine
  • Methanol as a marine bunker fuel

This World Analysis contains detailed information on capacities, production, demand, and trade for all significant producing and consuming countries and regions. Although data gathering is essential for understanding history and potential future trends, we believe that the interpretation and analysis of the data is the most valuable information to our clients.

Service Features

Duration: Long-term outlook to 2050


SUPPLY/DEMAND BALANCES

Frequency: Bi-annual
Format: Excel
Timeframe: Supply/Demand Forecast from 2000 through 2050 are available
Area Coverage: By country/region; include “hypothetical” capacity changes in the forecast period
Chemical Coverage: Toluene, Mixed Xylenes, Metaxylene, Orthoxylene

CAPACITY DATABASE

Frequency: Updated daily
Format: Excel
Timeframe: Supply/Demand Forecast from 2000 through 2050 are available
Coverage:
- Nameplate capacity on individual plant location by producer and by the shareholder for main study products and essential derivatives
- Integration table and top producer and consumer ranking tables (includes net surplus/deficit)
Chemical Coverage: Toluene, Mixed Xylenes, Metaxylene, Orthoxylene

PRICE & COST FORECASTS

Frequency: Quarterly
Format: Excel
Timeframe: up to 2050
Area Coverage: For the key regions of North America (US), Europe & Asia
Chemical Coverage: Mixed xylenes

TRADE GRIDS

Frequency: Bi-annual
Format: Excel
Timeframe: 1 year of history, up to 10 years of forecast
Area Coverage: Between partner countries and by region
Chemical Coverage: Toluene, Mixed Xylenes, Orthoxylene

REPORT WITH STRATEGIC INSIGHTS AND EXECUTIVE OVERVIEW

Frequency: Annual
Format: PDF/HTML
Timeframe: 5-year history, forecast to 2050
Coverage: Regional market summaries
- Production economics/snapshots for selected regions/processes
- Production process/technology overview
Chemical Coverage: Toluene, Mixed Xylenes, Metaxylene, Orthoxylene

ADDITIONAL FEATURES


- Access to our global team of subject matter experts
- Interactive data visualization module (dashboard)
- Standard supply/demand graphs
- Data appendix with supply/demand and capacity tables
- Supply/demand and capacity database access via data browser

Report Table of Contents

  • Introduction 5
  • Executive Overview 6
  • Toluene 8
  • Mixed Xylenes 11
  • Metaxylene 14
  • Orthoxylene 16
  • Strategic Insights 19
  • Background 19
  • Extreme volatility and uncertainty in feedstock prices 19
  • Increasing potential for mechanical and chemical recycling methods 19
  • Mixed xylenes and toluene imbalance 20
  • Pygas-based production on the rise 20
  • Refinery rationalization threatens feedstock availability 21
  • Slowing investment into petrochemical projects in mainland China 21
  • Supply chain disruptions 22
  • Uncertain orthoxylene availability from key exporting regions 23
  • North America 24
  • Toluene 24
  • Mixed xylenes 26
  • Orthoxylene 29
  • Metaxylene 32
  • South America 35
  • Toluene 35
  • Mixed xylenes 37
  • Orthoxylene 39
  • West Europe 42
  • Toluene 42
  • Mixed xylenes 46
  • Orthoxylene 49
  • Metaxylene 51
  • Central Europe 55
  • Toluene 55
  • Mixed xylenes 57
  • CIS & Baltic States 59
  • Toluene 59
  • Mixed xylenes 62
  • Orthoxylene 64
  • Africa 67
  • Toluene 67
  • Mixed xylenes 69
  • Orthoxylene 71
  • Middle East 73
  • Toluene 73
  • Mixed xylenes 76
  • Orthoxylene 78
  • Indian Subcontinent 80
  • Toluene 80
  • Mixed xylenes 83
  • Metaxylene 85
  • Orthoxylene 85
  • Mainland China 88
  • Toluene 88
  • Mixed xylenes 91
  • Metaxylene 94
  • Orthoxylene 96
  • Other Northeast Asia 99
  • Toluene 99
  • Mixed xylenes 102
  • Metaxylene 105
  • Orthoxylene 107
  • Southeast Asia 110
  • Toluene 110
  • Mixed xylenes 113
  • Metaxylene 115
  • Orthoxylene 115
  • Production Process Overview 118
  • - Introduction 118
  • - Process Overview - Toluene 118
  • - Introduction 118
  • - Catalytic Reforming 119
  • - Pyrolysis Gasoline Production 121
  • - Aromatics Extraction Process 122
  • Process Overview - Mixed Xylenes 123
  • - Introduction 123
  • - Distillation 123
  • - Aromatics Extraction Process 123
  • - Xylene Isomer Recovery (Orthoxylene and Metaxylene) 124
  • Metaxylene Recovery 124
  • Orthoxylene Recovery 125
  • Production Process Economics 126
  • Explanatory Notes 126
  • Process Economics - Toluene 127
  • Process Economics - Mixed Xylenes 130
  • Process Economics - Orthoxylene 133
  • Price Forecast 136
  • Methodology 136
  • Feedstock overview 136
  • North America 137
  • - Toluene 137
  • - Mixed xylenes 139
  • - Orthoxylene 140
  • - Metaxylene 141
  • West Europe 141
  • - Toluene 141
  • - Mixed xylenes 142
  • - Orthoxylene 143
  • - Metaxylene 144
  • Northeast Asia 144
  • - Toluene 144
  • - Mixed xylenes 146
  • - Orthoxylene 147
  • - Metaxylene 148
  • Price Forecast Tables 149
  • Supply/Demand Forecast Methodology 151
  • Chemical Supply/Demand Forecasting Methodology 151
  • Supply 151
  • Demand 152
  • Hypothetical Capacity 152
  • Trade 153

Market Coverage

Adhesives

Fuel

Paint & Coating

Solvent

James Nicholson

James Nicholson Executive Director, America Benzene, Pyrolysis Gasoline (Pygas) and Reformate Chemical Market Analytics by OPIS

James Nicholson is the Executive Director for America Benzene, Pyrolysis Gasoline (Pygas) and Reformate at Chemical Market Analytics. James joined the company three years ago and has provided insight into the world of olefins and aromatics, given his broad background and extensive international experience in the petrochemicals sector. His current area of focus and attention is benzene, but he also provides market coverage and analysis for pyrolysis gasoline (pygas) and reformate. He is a resource for the toluene and mixed xylenes markets as well. Responsibilities include the production of both the short and long-term price forecasts and short and long-term supply and demand balances for benzene, toluene, mixed xylenes (BTX) and pygas in the Americas region. James and the aromatics team also provide the primary input for the World Analyses reports for BTX and pygas. James’ prior industry experience includes nearly 30 years of process engineering, manufacturing and production engineering, olefins optimization and operations planning, including feedstock selection and feedstock breakeven analyses, financial analysis, NGL feedstock trading and procurement, and business management. He served as both a Marketing Manager for benzene and styrene and Business Director for Aromatics and Oxygenated Fuels for eight years, where he was responsible for purchasing 1 million tons per year of benzene and selling 1.3 million tons per year of styrene. Mr. Nicholson has both a Bachelor of Science in Chemical Engineering from Texas A&M University at College Station, Texas and a Master of Business Administration from Texas A&M University at Corpus Christi, Texas.
Terence Peh

Terence Peh Director, Aromatics and Fibres  Chemical Market Analytics by OPIS

Terence is a Director in the Aromatics and Fibres department of Chemical Market Analytics Terence is a Director in the Aromatics and Fibers department of Chemical Market Analytics. He is primarily responsible for the Phenol, Acetone, Bisphenol-A, Orthoxylene and Phthalic Anhydride products in the Asia Pacific region. He has more than a decade of experience in the chemical industry. Before joining Chemical Market Analytics, he had multiple commercial experiences in ExxonMobil, spanning across sales, marketing, financial planning, business analysis and strategic planning in polyolefins and liquids, with a deep understanding of both internal and external interfaces to provide value-added business solutions for clients in consulting. Terence holds a Chemical Engineering degree from the National University of Singapore.
Megan Brenchley

Megan Brenchley Associate Director, Aromatics and Fibers EMEA Chemical Market Analytics by OPIS

Megan Brenchley is the Associate Director of Aromatics and Fibers EMEA at Chemical Market Analytics. Megan Brenchley joined the Chemical Market Analytics team in August 2022. Megan was initially responsible for coverage of the toluene and mixed xylenes markets but has, as of 2024, begun to focus on the styrenics market. With her mix of scientific and business education, industry experience and analytical mindset Megan is able to offer valuable insight into her focus areas. Megan focuses on the EMEA region and contributes to the ‘Global Aromatics Weekly’ and ‘European Aromatics Monthly’ reports. Megan also provides input for the World Analysis styrene report, including an in-depth review of supply, demand, trade, and region-specific insight. Before joining Chemical Market Analytics, Megan worked in the industry for a major South African chemicals manufacturer and distributor, focusing on the Industrial and Institutional cleaning market for ten years. This provided key business-to-business experience, and Megan concentrated on new product development, procurement and quality assurance. Megan has a Bachelor of Science from the University of Cape Town and a Master of Business Administration from the University of the Witwatersrand.

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