Cumene Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Manufacturing Process (Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, and Zeolite Catalyst), Application (Phenol, Acetone, Paints and Enamels, High-octane Aviation Fuels, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

  • ABOUT THIS REPORT
    • Market Snapshot
    • Market Overview
    • Scope of the Report
    • Key Market Trends
    • Competitive Landscape
    • Major Players
  • TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

4 %

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Market Overview

The global cumene market is expected to register a CAGR of over 4% during the forecast period. The major factors driving the market studied include increasing demand for phenol from the plastic industry and increasing use of acetone as a solvent.

  • Harmful effect, due to extended exposure, is expected to significantly hinder the growth of the market studied.
  • Asia-Pacific is expected to dominate the global market during the forecast period.
  • Increasing investments for new capacity additions are likely to act as opportunities in the future.

Scope of the Report

The global cumene market includes:  

Manufacturing Process
Aluminum Chloride Catalyst
Solid Phosphoric Acid (SPA) Catalyst
Zeolite Catalyst
Application
Phenol
Acetone
Paints and Enamels
High-octane Aviation Fuels
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Usage in Acetone Application

  • More than 95% of the global acetone production is used as a by-product of phenol production, which involves the use of cumene.
  • Acetone is used in a wide range of applications, such as the manufacturing of methyl methacrylate (MMA) & BPA, and as a solvent in the pharmaceutical and cosmetics industries.
  • MMA is widely used for the production of PMMA resins, which are increasingly being used for the production of acrylic sheets in the construction industry. Automotive parts and medical devices are other applications of MMA.
  • Due to the increase in demand for acetone globally and the setting up of new phenol/acetone production facilities, the cumene market is expected to witness a high growth rate during the forecast period.

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China to Dominate the Asia-Pacific Market

  • The demand for cumene in China is expected to rise at a great pace, due to the increase in demand for phenol and acetone.
  • The demand for acetone is increasing at a fast rate in the country as a solvent and an intermediate for the production of PMMA used in automotive and medical industries after the extrusion and molding compounds.
  • To increase the domestic supply, the China National Offshore Oil Corporation (CNOOC) and Shell have planned to commission a 350,000 metric ton per year of phenol/acetone unit, which is likely to produce around 10,000 metric ton of acetone and 18,000 metric ton of phenol per month.
  • The China Petrochemical Development Corporation (CPDC) announced to start a 150,000 metric ton per year phenol-feed cyclohexanone unit.
  • The increase in investments for the production of acetone and phenol is likely to increase the demand for cumene in China at a high rate in the coming years.

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Competitive Landscape

The global cumene market is partially fragmented in nature. Some of the major players of the market studied include, ExxonMobil Corporation, Royal Dutch Shell plc, Braskem, Cepsa, and INEOS, among others.

Major Players

  1. ExxonMobil Corporation
  2. Braskem
  3. Cepsa
  4. INEOS
  5. Royal Dutch Shell plc

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Phenol from the Plastic Industry

      2. 4.1.2 Increasing Use of Acetone as a Solvent

    2. 4.2 Restraints

      1. 4.2.1 Harmful Effect due to Extended Exposure

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Feedstock Analysis

    6. 4.6 Technological Snapshot

    7. 4.7 Trade Analysis

    8. 4.8 Price Index

    9. 4.9 Regulatory Policy Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Manufacturing Process

      1. 5.1.1 Aluminum Chloride Catalyst

      2. 5.1.2 Solid Phosphoric Acid (SPA) Catalyst

      3. 5.1.3 Zeolite Catalyst

    2. 5.2 Application

      1. 5.2.1 Phenol

      2. 5.2.2 Acetone

      3. 5.2.3 Paints and Enamels

      4. 5.2.4 High-octane Aviation Fuels

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Braskem

      2. 6.4.2 Cepsa

      3. 6.4.3 Domo Chemicals

      4. 6.4.4 ExxonMobil Corporation

      5. 6.4.5 INEOS

      6. 6.4.6 Total SA

      7. 6.4.7 Royal Dutch Shell PLC

      8. 6.4.8 Sumitomo Chemical Co.

      9. 6.4.9 JXTG Nippon Oil and Energy Corporation

      10. 6.4.10 Prasol Chemicals Pvt Ltd

    7. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Investments for New Capacity Additions

** Subject to Availability

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