0
2022
Cumene Market

Cumene Market

By Production technology (Zeloite, Solid Phosphoric Acid, Aluminum Chloride), By Application (Phenol, Acetone, Others): Global Opportunity Analysis And Industry Forecast, 2021-2030

✷  Report Code: A01654
Pages: 290
Mar 2022 | 17707 Views
Author(s) : Mamta S , Eswara P
Tables: 150
Charts: 102
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Cumene Market

Request Now !

Cumene Market Statistics – 2030

The global Cumene market size was valued at $18.6 billion in 2020, and is projected to reach $28.0 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

Statement for COVID-19 banner: COVID-19 pandemic has resulted in slowdown in the growth of cumene in the global market, owing to the disruptions in supply chain operations.

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.

The global cumene market has witnessed significant growth opportunities globally, owing to growth in demand for phenol and acetone and their derivatives. Furthermore, economic growth, rise in per capita disposable income, and upsurge in the use of phenolic resins & bisphenol-A are anticipated to boost the market growth during the forecast period. Moreover, increasing demand for phenol in various industries such as plastics, composites, and laminates are anticipated to fuel the global market. However, fluctuation in crude oil price and hazardous health effects of cumene are expected to hamper this growth.

For the purpose of analysis, the global cumene market is segmented into production technology, application, and region. Depending on production technology, the market is categorized into zeolite, Solid Phosphoric Acid and Aluminum Chloride. On the basis of application, it is segmented into phenol, acetone and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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.

The Cumene market is analyzed in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2021–2030. The report includes the study of the cumene market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

Cumene market, by production technology

By technology, the Zeloite segment held the largest market share in 2020. There are several disadvantages of using aluminum chloride and solid phosphoric acid as catalysts for the production process of cumene such as high corrosion, environmental hazard and catalyst non-renewability. This has resulted growth in the use of Zeolite as catalysts for production

Cumene Market
By Production Technology

Your browser does not support the canvas element.

Zeolite segment is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Cumene market, by application

By application, the phenol segment garnered the highest market share in 2020. This is attributed to increasing use phenol in various industries such as electrical & electronics, automotive, paints & coatings, cosmetics, and others. Furthermore, it is used as a solvent for paints, lacquers, and enamels, which find their uses in automotive and furniture.

Cumene Market
By Application

Your browser does not support the canvas element.

Phenol is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Cumene market, by region

Asia-Pacific garnered the highest share in the cumene market in 2020, in terms of revenue, and is anticipated to maintain its dominance throughout the forecast period. Developing countries such as China, India, and Japan are driving the regional market due to the high consumption of electronics in this region. Growth is also supported by growing automotive industry in China, India and South Korea.

Cumene Market
By Region

2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

COVID-19 impact on the market

COVID-19 pandemic has resulted in slowdown in the growth of cumene in the global market, leading to low demand for phenol and acetone derivatives of cumene. The demand for phenol decreased due to the impacts of COVID-19 on the industry, the region, and disruptions in supply chain operations. Thus, the demand for cumene declined in 2020. Moreover, the COVID-19 pandemic started to affect the major end-user industries of cumene, such as cosmetics and personal care, paints and enamels, high-octane aviation fuels, polymer industries, where declined sales due to the pandemic weakened the demand for cumene for a long period. However, cumene market is expected to recover by the first quarter of 2021, and expected to grow with a CAGR of 4.3% as COVID-19 vaccination has begun in various economies across the globe, which is expected to improve the global economy.

Key Benefits For Stakeholders

  • The report provides an extensive qualitative and quantitative analysis of the current market trends and future estimations of the global cumene market from 2021 to 2030 to determine the prevailing opportunities.
  • A comprehensive analysis of the factors that drive and restrict Cumene market growth is provided.
  • Estimations and forecast are based on factors impacting the cumene market growth, in terms of value.
  • Profiles of leading players operating in the cumene market are provided to understand the global competitive scenario.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable cumene market growth.

Cumene Market Report Highlights

Aspects Details
By Type
  • Zeloite
  • Solid Phosphoric Acid
  • Aluminum Chloride
By Application
  • Phenol
  • Acetone
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
 

Loading Table Of Content...


 
 

Significant growth in the plastic industry across Asia pacific region is one of the key factors for fueling the growth of cumene market. Increasing demand for phenolic based products used for various applications such as electronics, paints & coatings, automotive, electronics and others are the key drivers for Asia pacific market growth. China is expected to lead the Asia Pacific market in terms of revenue contribution. Other countries such as India, and Japan are driving the regional market due to the high consumption of electronics in this region

Key factors which are driving the growth of cumene market in Asia-pacific increasing use of  in cumene a wide range of applications, such as manufacturing methyl methacrylate (MMA) and BPA, and as a solvent in the pharmaceutical and cosmetics industries.? Acetone is used as solvent in cosmetic industry. Growing cosmetic industry is in turn driving the demand for acetone. Rapid industrialization with combination of increasing consumer demand for high octane cumene-derivatives, are anticipated to drive the market further.

Renowned global market leaders such as Royal Dutch Shell Plc., Exxon Mobil Corporation, Total S.A., BP Plc., Sumitomo Chemical Co., SABIC etc. are adopting various key growth strategies to strengthen their market position. Furthermore, these companies are focused on agreement, business expansion, product launch and partnership to cater to the increasing demand for cumene and to maintain the position in the global Cumene market.

Among the analyzed regions, Asia-Pacific is likely to account for the highest revenue in the market throughout the forecast period, followed by Europe, North America and LAMEA.

 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. Rising demand of paints and enamel, rising fashion industry are the major driving factor for the market. In addition, rising aviation industry create lucrative opportunities for the market.

A. Agreement, business expansion and product launch are the key growth strategy of global cumene market players.

A. Asia-Pacific will provide more business opportunities for global cumene in future

A. 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 are the leading market players active in the cumene market.

A. Phenol segment holds the maximum share of the global cumene market

A. Aviation industry, cosmetics industry and paint companies are the major customers of global cumene market.

A. The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global cumene market from 2020 to 2030 to determine the prevailing opportunities.

A. Rise in urbanization, increase in demand of paints & enamels and continuous increase in dependency on phenols are expected to drive the adoption of cumene.

A. Technological evolution of cumene, increasing interior decoration and rising cosmetic products are the current trend expected to influence the global cumene market in the next few years.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Cumene Market

Start reading instantly.
This Report and over 19,603+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,712
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Data Pack
  • $4,125
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Five Users
  • $6,929
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Enterprise
    License/PDF

  • $10,663
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers