Chemical Intermediate Market Overview | Review, Analysis, Outlook and Growth Opportunities 2019- 2027

 

The global cumene market Overview 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 Overview 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 Overview 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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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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