Chemical Intermediate Market Outlook and Growth Opportunities 2019- 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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