global cumene market Share 2021 Research Strategies, Trend and Future Development Status, Forecast by 2027
The global cumene market is majorly driven by its use
as a chemical intermediate to produce phenol and acetone. The phenol and its
derivatives produced from cumene are used in various applications such as
electrical & electronics, automotive, paints & coatings, cosmetics, and
others. The acetone is used as a solvent for plastics & synthetic fibers, a
volatile component in various paints & varnishes, the excipient in
pharmaceuticals, nail polish remover, and others. The various technology to
manufacture cumene includes zeolite catalyst based, solid phosphoric acid, and
aluminum chloride. Among these, the cumene production with the zeolite as a
catalyst is the leading segment due to its regenerative nature which can be
used for several cycles. Further, the use of zeolite reduces the disposable
water problems associated with solid phosphoric acid, and aluminum chloride.
Also, these processes have disadvantages such as environmental hazard, high
corrosion, and catalyst regeneration. Moreover, the use of cumene as a
component of high fuel octane is further driving the market growth due to its
application in automotive and transportation sector.
Market Segmentation
The global cumene market is segmented on the basis of
the product, production technology, application, and region.
Based on the product, the global cumene market is
segregated into phenol and acetone.
The production technology of cumene is segmented into
zeolite catalyst based, solid phosphoric acid, and aluminum chloride.
On the basis of the application segment, the global
cumene market is segmented into chemical intermediate and solvent.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research
Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
Merchants
4.1.4 End-Use Industry
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Industry Overview
Of The Global Chemical Intermediate Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
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Regional Analysis
The global cumene market is spanned across five
regions Asia Pacific, North America, Europe, Latin America, and the Middle East
& Africa.
The Asia Pacific is expected to lead the global cumene
market due to the high demand for phenolic based products used for various
applications such as electronics, paints & coatings, automotive, and others
in countries such as China, India, and Japan.
The U.S. is the major contributor to the North
American market due to the high use of cumene based products in electronics
such as laptops, smartphones, and others.
Europe is likely to witness a substantial market
growth due to the increasing demand for cumene from plastics and composites
industries.
Latin American and the Middle East & Africa are
other significant regions in the cumene market primarily driven by the growing
automotive sector and consumer electronics respectively.
Competitive Analysis
Some of the prominent manufacturers in the global
cumene market are Royal Dutch Shell Plc. (Netherlands), Exxon Mobil Corporation
(U.S.), BASF SE (Germany), Sumitomo Chemical Co. Ltd (Japan), The Dow Chemical
Company (U.S.), Westlake Chemical Corporation (U.S.), Taiwan Cement Corp.
(Taiwan), Braskem (Brazil), China Petrochemical Corporation (China), and SABIC
(Saudi Arabia).
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