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Cumene Market by Application (Phenol/Acetone and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022

Renewable, Speciality and fine chemicals
MA_171984
Pages: 195
Apr 2017 | 2086 Views
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Author's : Sumiran Satsangi
Tables: 82
Charts: 28
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Cumene Market Overview:

Global Cumene Market was valued at $16,330 million in 2015, and is expected to reach $25,089 million by 2022, supported by a CAGR of 6.5% during the forecast period 2016 to 2022. Cumene in chemical form is known as isopropyl benzene, an organic compound based on aromatic hydrocarbons with aliphatic substitution. It is a flammable and colorless liquid with high boiling points of around 152°C, and is a constituent of crude oil and refined fuels. Industrially, cumene is manufactured by Friedel Crafts alkylation method. It is converted into an intermediate known as cumene hydroperoxide for further applications.

Cumene Market

The global cumene market is segmented based on application and geography. On the basis of application, it is classified into phenol/acetone and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Cumene Market

Top Investment Pockets, By Country

The phenol/acetone segment offers maximum market potential in the market, owing to increase in demand for phenolic resins & bisphenol-A, and rise in the consumption of acetone and its derivatives. Moreover, increase in use of cumene in adhesives and sealant chemicals fuels the market growth. In addition, increase in inclination of consumers toward high octane production fuels and growth in paints & coatings industry are some major factors anticipated to boost the market growth. The use of cumene in paints & enamels has witnessed major developments, owing to constant growth in per capita disposable income and rise in demand for polycarbonates. The phenol/acetone segment is expected to register a CAGR of 6.5% during the forecast period. However, rise in concerns related to the health hazards associated with the toxic effects is expected to affect the overall market growth in the developed and the developing countries, but investments in R&D activities are expected to provide opportunities for growth in the future.

Segment Review

In terms of volume, the phenol/acetone segment dominated the global market in 2014, and is anticipated to maintain its dominance throughout the forecast period, growing at a CAGR of 4.7%.

Geography Review

Asia-Pacific accounted for more than 45% share of the total revenue in 2015, followed by Europe and North America. The developing countries in Asia-Pacific are anticipated to register steady growth rates, owing to increase in growth of the overall economy. Moreover, rise in investments by key manufacturers is another key aspect that fuels the market growth.

Key players have economically made high capital investments in R&D activities to develop advanced products to cater to the requirements of the market. These players operating in the industry include Royal Dutch Shell Plc., Exxon Mobil Corporation, Total S.A., BP Plc., Sumitomo Chemical Co., Axiall Corporation, SABIC, BASF SE, The Dow Chemical Company, and JX Nippon Oil.

The other players in the value chain (profiles not included in the report) include CPCC, KMG Chemicals, CNPC, Chang Chun Plastics Co. LTD., KenolKobil, Formosa Plastics Group, Taiwan Cement Corporation, China Petrochemical Development Corporation, Georgia Gulf Corporation, Ineos Group Limited, Koch Industries, Petroleos de Venezuela S.A. Mitsui & Co. LTd., CEPSA, Eni Spa, Sunoco, Aramco Services Company, Domo Investment Group, Flint Hills Resources LP, and Guangzhou VA-SO Plastics Co., Ltd.

Key Benefits of Cumene Market:

  • The report provides extensive qualitative and quantitative analyses of the current trends and future estimations of the global cumene market from 2014 to 2022 to determine the prevailing opportunities.
  • It offers comprehensive analysis of key regions, such as North America, Europe, Asia-Pacific, and LAMEA, to understand the regional trends.
  • In-depth analysis of factors that drive and restrict the growth of the market is provided.
  • Extensive analysis is conducted by following key product benchmarking, positioning, and monitoring the top competitors within the global market.
  • It offers key insights on strategic analysis of various companies and the value chain analysis of cumene.

Cumene Market Key Segments

By Application

  • Phenol/Acetone
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Russia
    • UK
    • France
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Australia
    • Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • KSA
    • South Africa
    • Rest of LAMEA
 

Chapter: 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

Chapter: 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

Chapter: 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Growth in demand for phenol/acetone and their derivatives
3.4.1.2. Upsurge in use of phenolic resins
3.4.1.3. Increasing growth of plastics and composites industry

3.4.2. Restraints

3.4.2.1. Rising material costs
3.4.2.2. Hazardous health effects of cumene

3.4.3. Opportunities

3.4.3.1. Increasing growth of chemical manufacturing

3.4. MARKET SHARE ANALYSIS, 2015

Chapter: 4. GLOBAL CUMENE MARKET, BY APPLICATION

4.1. INTRODUCTION

4.1.1. Market Size and Forecast

4.2. PHENOL/ACETONE

4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast

4.3. OTHERS

4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast

Chapter: 5. GLOBAL CUMENE MARKET, BY GEOGRAPHY

5.1. INTRODUCTION

5.1.1. Market Size and Forecast

5.2. NORTH AMERICA

5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.2.3. U.S.

5.2.3.1. Market size and forecast, by application

5.2.4. Canada

5.2.4.1. Market size and forecast, by application

5.2.5. Mexico

5.2.5.1. Market size and forecast, by application

5.3. EUROPE

5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast
5.3.3. Germany

5.3.3.1. Market size and forecast, by application

5.3.4. France

5.3.4.1. Market size and forecast, by application

5.3.5. UK

5.3.5.1. Market size and forecast, by application

5.3.6. Spain

5.3.6.1. Market size and forecast, by application

5.3.7. Italy

5.3.7.1. Market size and forecast, by application

5.3.8. Rest of Europe

5.3.8.1. Market size and forecast, by application

5.4. ASIA-PACIFIC

5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast
5.4.3. India

5.4.3.1. Market size and forecast, by application

5.4.4. China

5.4.4.1. Market size and forecast, by application

5.4.5. Japan

5.4.5.1. Market size and forecast, by application

5.4.6. Australia

5.4.6.1. Market size and forecast, by application

5.4.7. Korea

5.4.7.1. Market size and forecast, by application

5.4.8. Rest of Asia-Pacific

5.4.8.1. Market size and forecast, by application

5.5. LAMEA

5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast
5.5.3. Brazil

5.5.3.1. Market size and forecast, by application

5.5.4. KSA

5.5.4.1. Market size and forecast, by application

5.5.5. South Africa

5.5.5.1. Market size and forecast, by application

5.5.6. Rest of LAMEA

5.5.6.1. Market size and forecast, by application

Chapter: 6. COMPANY PROFILES

6.1. ROYAL DUTCH SHELL PLC

6.1.1. Company Overview
6.1.2. Company Snapshot
6.1.3. Operating Business Segments
6.1.4. Business Performance
6.1.5. Key Strategic Moves and Developments

6.2. BASF SE

6.2.1. Company Overview
6.2.2. Company Snapshot
6.2.3. Operating Business Segments
6.2.4. Business Performance
6.2.5. Key Strategic Moves and Developments

6.3. EXXON MOBIL CORPORATION

6.3.1. Company Overview
6.3.2. Company Snapshot
6.3.3. Operating Business Segments
6.3.4. Business Performance
6.3.5. Key Strategic Moves and Developments

6.4. TOTAL SA

6.4.1. Company Overview
6.4.2. Company Snapshot
6.4.3. Operating Business Segments
6.4.4. Business Performance
6.4.5. Key Strategic Moves and Developments

6.5. BP PLC

6.5.1. Company Overview
6.5.2. Company Snapshot
6.5.3. Operating Business Segments
6.5.4. Business Performance
6.5.5. Key Strategic Moves and Developments

6.6. SABIC

6.6.1. Company Overview
6.6.2. Company Snapshot
6.6.3. Operating Business Segments
6.6.4. Business Performance
6.6.5. Key Strategic Moves and Developments

6.7. AXIALL CORPORATION

6.7.1. Company Overview
6.7.2. Company Snapshot
6.7.3. Operating Business Segments
6.7.4. Business Performance
6.7.5. Key Strategic Moves and Developments

6.8. THE DOW CHEMICAL COMPANY

6.8.1. Company Overview
6.8.2. Company Snapshot
6.8.3. Operating Business Segments
6.8.4. Business Performance
6.8.5. Key Strategic Moves and Developments

6.9. JX NIPPON OIL

6.9.1. Company Overview
6.9.2. Company Snapshot
6.9.3. Operating Business Segments
6.9.4. Business Performance
6.9.5. Key Strategic Moves and Developments

6.10. SUMITOMO CHEMICAL CORPORATION

6.10.1. Company Overview
6.10.2. Company Snapshot
6.10.3. Operating Business Segments
6.10.4. Business Performance
6.10.5. Key Strategic Moves and Developments

List of Tables

TABLE 1. GLOBAL CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 2. GLOBAL CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 3. GLOBAL PHENOL/ACETONE CUMENE MARKET VALUE, BY REGION, 2014-2022 ($MILLION)
TABLE 4. GLOBAL PHENOL/ACETONE CUMENE MARKET VOLUME, BY REGION, 2014-2022 (KILOTONS)
TABLE 5. GLOBAL OTHERS CUMENE MARKET VALUE, BY REGION, 2014-2022 ($MILLION)
TABLE 6. GLOBAL OTHERS CUMENE MARKET VOLUME, BY REGION, 2014-2022 (KILOTONS)
TABLE 7. GLOBAL CUMENE MARKET VALUE, BY REGION, 2014-2022 ($MILLION)
TABLE 8. GLOBAL CUMENE MARKET VOLUME, BY REGION, 2014-2022 (KILOTONS)
TABLE 9. NORTH AMERICA CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 10. NORTH AMERICA CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 11. NORTH AMERICA CUMENE MARKET VALUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 12. NORTH AMERICA CUMENE MARKET VOLUME, BY COUNTRY, 2014-2022 (KILOTONS)
TABLE 13. U.S. CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 14. U.S. CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 15. CANADA CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 16. CANADA CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 17. MEXICO CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 18. MEXICO CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 19. EUROPE CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 20. EUROPE CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 21. EUROPE CUMENE MARKET VALUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 22. EUROPE CUMENE MARKET VOLUME, BY COUNTRY, 2014-2022 (KILOTONS)
TABLE 23. FRANCE CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 24. FRANCE CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 25. GERMANY CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 26. GERMANY CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 27. UK CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 28. UK CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 29. SPAIN CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 30. SPAIN CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 31. ITALY CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 32. ITALY CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 33. REST OF EUROPE CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 34. REST OF EUROPE CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 35. ASIA-PACIFIC CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 36. ASIA-PACIFIC CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 37. ASIA-PACIFIC CUMENE MARKET VALUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 38. ASIA-PACIFIC CUMENE MARKET VOLUME, BY COUNTRY, 2014-2022 (KILOTONS)
TABLE 39. INDIA CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 40. INDIA CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 41. CHINA CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 42. CHINA CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 43. JAPAN CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 44. JAPAN CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 45. KOREA CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 46. KOREA CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 47. AUSTRALIA CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 48. AUSTRALIA CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 49. REST OF ASIA-PACIFIC CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 50. REST OF ASIA-PACIFIC CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 51. LAMEA CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 52. LAMEA CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 53. LAMEA CUMENE MARKET VALUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 54. LAMEA CUMENE MARKET VOLUME, BY COUNTRY, 2014-2022 (KILOTONS)
TABLE 55. BRAZIL CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 56. BRAZIL CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 57. KSA CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 58. KSA CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 59. SOUTH AFRICA CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 60. SOUTH AFRICA CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 61. REST OF LAMEA CUMENE MARKET VALUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 62. REST OF LAMEA CUMENE MARKET VOLUME, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 63. ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT
TABLE 64. ROYAL DUTCH SHELL PLC: OPERATING SEGMENTS
TABLE 65. BASF SE: COMPANY SNAPSHOT
TABLE 66. BASF SE: OPERATING SEGMENTS
TABLE 67. EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
TABLE 68. EXXON MOBIL CORPORATION: OPERATING SEGMENTS
TABLE 69. TOTAL SA: COMPANY SNAPSHOT
TABLE 70. TOTAL SA: OPERATING SEGMENTS
TABLE 71. BP PLC: COMPANY SNAPSHOT
TABLE 72. BP PLC: OPERATING SEGMENTS
TABLE 73. SABIC: COMPANY SNAPSHOT
TABLE 74. SABIC: OPERATING SEGMENTS
TABLE 75. AXIALL CORPORATION: COMPANY SNAPSHOT
TABLE 76. AXIALL CORPORATION: OPERATING SEGMENTS
TABLE 77. THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
TABLE 78. THE DOW CHEMICAL COMPANY: OPERATING SEGMENTS
TABLE 79. JX NIPPON OIL: COMPANY SNAPSHOT
TABLE 80. JX NIPPON OIL: OPERATING SEGMENTS
TABLE 81. SUMITOMO CHEMICAL CORPORATION: COMPANY SNAPSHOT
TABLE 82. SUMITOMO CHEMICAL CORPORATION: OPERATING SEGMENTS

List of Figures

FIGURE 1. GLOBAL CUMENE MARKET: SEGMENTATION
FIGURE 2. GLOBAL CUMENE MARKET SHARE, BY APPLICATION, 2015 (%)
FIGURE 3. TOP INVESTMENT POCKETS, BY APPLICATION
FIGURE 4. TOP WINNING STRATEGIES
FIGURE 5. BARGAINING POWER OF SUPPLIERS
FIGURE 6. BARGAINING POWER OF BUYERS
FIGURE 7. THREAT OF NEW ENTRANTS
FIGURE 8. THREAT OF SUBSTITUTES
FIGURE 9. COMPETITIVE RIVALRY
FIGURE 10. U.S. CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 11. CANADA CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 12. MEXICO CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 13. FRANCE CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 14. GERMANY CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 15. UK CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 16. SPAIN CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 17. ITALY CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 18. REST OF EUROPE CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 19. INDIA CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 20. CHINA CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 21. JAPAN CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 22. KOREA CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 23. AUSTRALIA CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 24. REST OF ASIA-PACIFIC CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 25. BRAZIL CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 26. KSA CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 27. SOUTH AFRICA CUMENE MARKET VALUE, 2014-2022 ($MILLION)
FIGURE 28. REST OF LAMEA CUMENE MARKET VALUE, 2014-2022 ($MILLION)
 

Cumene, also known as isopropyl benzene, is an organic constituent of crude oil and refined fuels. It is a highly flammable liquid utilized in the production of acetone and phenol. It is also used as a blending component in gasoline and has increased its application in various industrial applications, owing to its high-octane number.

Increase in demand for phenolic resins, acetone, and bisphenol A applications has triggered its market demand with application in packaging, construction, and pharmaceuticals. In addition, growth in plastic, composite, and laminate industries has increased the demand for phenolic resins, which has potential growth opportunities for the cumene market. Moreover, the demand for benzene in petrochemical applications is are expected toto increase the demand for cumene as an alternative to naphtha components.

The Asia-Pacific automotive lubricants market offers numerous opportunities for the manufacturers, owing to a rapid increase in the growth of chemical industry, specifically in China and India, and increase in number of cumene manufacturers. In addition, increase in demand for efficient & cost-effective thinners and rise in disposable income in the developing countries, such as Indonesia, Malaysia, and Singapore, drive the Asia-Pacific market. Asia-Pacific is estimated to account for the highest market share, followed by North America.

 

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