Cumene Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2027
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.
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.
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
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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