World Analysis – Toluene & Mixed Xylenes

  • Market Overview
  • Key Benefits
  • Service Features
  • Annual 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


Frequency: Bi-annual
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050
Area Coverage: By country/region; include “hypothetical” capacity changes in the forecast period
Chemical Coverage: Benzene


Frequency: Updated daily
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050

  • Nameplate capacity on individual plant location by producer and by the shareholder for main study products + essential derivatives
  • Integration table and top producer and consumer ranking tables (includes net surplus/deficit)
Chemical Coverage: Benzene, Alkylbenzene, Aniline, Chlorobenzene, Cumene, Cyclohexane, Ethylbenzene, Maleic Anhydride, Nitrobenzene


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


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: Benzene


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: Benzene


  • 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

Annual Table of Contents

  • Introduction 5
  • Executive Overview 6
  • Strategic Insights 10
  • Introduction 10
  • Energy Transition 10
  • On-purpose production 12
  • Ethylene steam cracker feedstocks 12
  • Paraxylene overcapacity and rationalization 12
  • Crude-to-chemicals processes 13
  • Coal to benzene 13
  • Benzene trade 13
  • Plastics sustainability 14
  • North America 15
  • South America 18
  • West Europe 21
  • Central Europe 25
  • CIS & Baltic States 28
  • Africa 32
  • Middle East 35
  • Indian Subcontinent 39
  • Mainland China 42
  • Other Northeast Asia 45
  • Southeast Asia 48
  • Production Process Overview 51
  • Introduction 51
  • Catalytic reforming 51
  • Aromatics Extraction Process 53
  • Hydrodealkylation 54
  • Toluene Disproportionation 54
  • Pyrolysis Gasoline Extraction 55
  • Aromax Process 56
  • Production Process Economics 58
  • Explanatory Notes 58
  • Benzene Economics - Hydrodealkylation 59
  • Benzene Economics - Sulfolane Extraction of BTX 62
  • Benzene Economics - Toluene Disproportionation 65
  • Price Forecast 68
  • Methodology 68
  • North America 69
  • West Europe 69
  • Asia 70
  • Price Forecast Tables 71
  • Supply/Demand Forecast Methodology 73

Market Coverage



Paint & Coating


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 Associate Director, Aromatics and Fibres  Chemical Market Analytics by OPIS

Terence is an Associate Director in the Aromatics and Fibres department of Chemical Market Analytics Terence is an Associate 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.

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