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Global Cumene Market: By Manufacturing Process: Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, Zeolite Catalyst; By Application: Phenol, Acetone, Others; By End Use Industry; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Cumene Market Outlook
The global cumene market is estimated to grow at a CAGR of 4.50% in the forecast period of 2023-2028.
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Growing Demand for Phenol and Acetone Likely to Drive the Market Growth of Cumene
The utilisation of cumene in the production of phenol and acetone is driving the market growth of cumene. The cumene is oxidised to hydroperoxide to yield phenol and acetone, which is considered the most economical method, thereby bolstering the market growth. The expanding demand for phenol in manufacturing phenol resins, pharmaceuticals, rubber chemicals, dyes, and disinfectants is fuelling the market for cumene. The rising use of phenol by customers to keep the surroundings clean, owing to the pandemic, has also supported the market growth in the historical period.
In addition, the increasing use of acetone, a by-product in the production of phenol for numerous applications such as pharmaceuticals, cosmetics, and electronics, is resulting in the expansion of the cumene industry. The rising inclination towards acetone for removing nail polishes, oil stains in domestic spaces, cleaning electronic gadgets, and improving the efficacy of medicines are providing impetus to the development of the cumene industry.
The Asia Pacific to Account for a Substantial Share in the Market for Cumene
The expanding development of various industries, particularly plastic and the multi-faceted application of cumene is accelerating the market growth of cumene in the Asia Pacific region. The increasing imports of petroleum and production of diverse petroleum products in countries such as China is leading to the market development of cumene.
Cumene: Market Segmentation
Cumene, also known as isopropyl benzene, is a chemical compound that is produced by the reaction of benzene and propene using an acid catalyst. The production of cumene is based on the Friedel–Crafts alkylation reactions. The organic compound is a colourless, flammable liquid that is insoluble in water and has a gasoline-like odour.
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The market, by manufacturing process, is divided into:
- Aluminum Chloride Catalyst
- Solid Phosphoric Acid (SPA) Catalyst
- Zeolite Catalyst
Based on application, the market is segmented into:
- Phenol
- Phenol Resins
- Caprolactam
- Bisphenol A
- Alkyl phenols
- Others
- Acetone
- Solvent Use
- Methyl Methacrylate
- Aldol Chemicals
- Others
- Paints and Enamels
- High-octane Aviation Fuels
- Others
On the basis of end use industry, the market is classified into:
- Plastics Industry
- Automotive Industry
- Chemical Industry
- Paint Industry
- Rubber Industry
- Others
The regional markets for cumene can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Applications of Cumene in Various Industries to Bolster the Market Growth of Cumene
The growing applications of cumene in several industries are significantly catalysing the market development of cumene. The rising demand for plastics is augmenting the market owing to the use of cumene in the production of plastics such as phenol-formaldehyde resins, polystyrene, and polycarbonates. In addition, cumene plays a critical role as a solvent in the manufacturing of paints and other types of coatings, which is propelling the industry due to the increasing construction activities worldwide.
Moreover, the government initiatives in boosting the production of chemicals such as cumene for providing raw materials to several end-use industries are driving the market growth. For instance, in March 2021, the Government of India announced that it is considering the construction of Nayara Energy, a petrochemical project to produce petrochemicals such as cumene, at Vadinar, Gujarat. Further, the plant expansions of cumene and its end products such as phenol by leading industry players are expected to aid the market for cumene in the forecast period.
Key Industry Players in the Global Cumene Market
The report gives a detailed analysis of the following key players in the global cumene market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Braskem S.A.
- Lummus Technology
- Domo Chemicals GmbH
- Exxon Mobil Corporation
- Borealis AG
- Sumitomo Corporation
- ENEOS Holdings, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Manufacturing Process |
|
| Breakup by Application |
|
| Breakup by End Use Industry |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Price Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Cumene Market Analysis
8.1 Key Industry Highlights
8.2 Global Cumene Historical Market (2018-2022)
8.3 Global Cumene Market Forecast (2023-2028)
8.4 Global Cumene Market by Manufacturing Process
8.4.1 Aluminum Chloride Catalyst
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Solid Phosphoric Acid (SPA) Catalyst
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Zeolite Catalyst
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Cumene Market by Application
8.5.1 Phenol
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.1.4 Breakup by Type
8.5.1.4.1 Phenol Resins
8.5.1.4.2 Caprolactam
8.5.1.4.3 Bisphenol A
8.5.1.4.4 Alkyl phenols
8.5.1.4.5 Others
8.5.2 Acetone
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.2.4 Breakup by Type
8.5.2.4.1 Solvent Use
8.5.2.4.2 Methyl Methacrylate
8.5.2.4.3 Aldol Chemicals
8.5.2.4.4 Others
8.5.3 Paints and Enamels
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 High-octane Aviation Fuels
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Cumene Market by End Use Industry
8.6.1 Plastics Industry
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Automotive Industry
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Chemical Industry
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Paint Industry
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Rubber Industry
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Cumene Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Cumene Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Cumene Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Cumene Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Cumene Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Cumene Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code- 290270)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Braskem S.A.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Lummus Technology
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Domo Chemicals GmbH
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Exxon Mobil Corporation
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Borealis AG
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Sumitomo Corporation
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 ENEOS Holdings, Inc.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Cumene Market: Key Industry Highlights, 2018 and 2028
2. Global Cumene Historical Market: Breakup by Manufacturing Process (USD Billion), 2018-2022
3. Global Cumene Market Forecast: Breakup by Manufacturing Process (USD Billion), 2023-2028
4. Global Cumene Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Cumene Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Cumene Historical Market: Breakup by End Use Industry (USD Billion), 2018-2022
7. Global Cumene Market Forecast: Breakup by End Use Industry (USD Billion), 2023-2028
8. Global Cumene Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Cumene Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Cumene Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Cumene Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Cumene Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Cumene Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Cumene Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Cumene Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Cumene Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Cumene Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Cumene Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Cumene Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. North America Historical Price Trends and Forecast 2018-2028
25. Europe Historical Price Trends and Forecast 2018-2028
26. Asia Pacific Historical Price Trends and Forecast 2018-2028
27. Latin America Historical Price Trends and Forecast 2018-2028
28. Middle East and Africa Historical Price Trends and Forecast 2018-2028
29. Global Cumene Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.50% between 2023 and 2028.
The major industry drivers include growing utilisation of cumene in the production of phenol and acetone, rising demand for plastics, and the production of diverse petrochemical products.
The key industry trends guiding the market growth are increasing application of cumene in various end-use industries, government initiatives in boosting the production of cumene, and investments made by industry players in expanding the cumene production plants.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different market divisions, based on manufacturing process, include aluminum chloride catalyst, solid phosphoric acid (SPA) catalyst, and zeolite catalyst.
The various applications of the product are phenol, acetone, paints and enamels, and high-octane aviation fuels, among others.
The major market divisions, based on end use industry, include plastics industry, automotive industry, chemical industry, paint industry, and rubber industry, among others.
The major players in the industry are Braskem S.A., Lummus Technology, Domo Chemicals GmbH, Exxon Mobil Corporation, Borealis AG, Sumitomo Corporation, and ENEOS Holdings, Inc., among others.
Analyst Review
The global cumene market is driven by the increasing applications of cumene in various end use industries. Aided by the efforts taken by industry players to boost the production of cumene or its by-products, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.50%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The cumene industry, by manufacturing process, is divided into aluminum chloride catalyst, solid phosphoric acid (SPA) catalyst, and zeolite catalyst. Based on application, the market is segmented into phenol, acetone, paints and enamels, and high-octane aviation fuels, among others. On the basis of end use industry, the market is classified into plastics industry, automotive industry, chemical industry, paint industry, and rubber industry, among others. The major regional markets for cumene are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Braskem S.A., Lummus Technology, Domo Chemicals GmbH, Exxon Mobil Corporation, Borealis AG, Sumitomo Corporation, and ENEOS Holdings, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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