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Europe Cumene Market: By Application: Phenol, Acetone, Others; By Manufacturing Process: Zeolite Catalysts, Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Price Analysis; Competitive Landscape; Industry Events and Developments
Europe Cumene Market Outlook
The Europe cumene market reached a volume of 15 MMT in 2020, accounting for about a fifth of the global cumene market. Europe is one of the leading consumer markets for the product. The market growth and demand for cumene is significantly dependent on the phenol and acetone markets since nearly all of the total volume of cumene is used for the production of acetone and phenol.
Rising Demand for Acetone and Phenol to Propel the Growth of the Cumene Industry in Europe
The rising markets for acetone and phenol in Europe are significantly affecting the demand growth for cumene. The Europe phenol market accounts for more than one-fourth of the global phenol market. It is a major importer of phenol, importing significant volumes from the United States to meet its regional demand, especially from Germany and Netherlands. The region, however, is a major sourcing location for Middle Eastern as well as Asian countries.
The increasing demand for acetone in Europe is also boosting the market for cumene. Europe is the net exporter of acetone, and major exports of the product take place within the region itself. The rising demand from the pharmaceuticals and cosmetic industries in Europe is likely to boost the demand for acetone within the region and, thus, increase the demand for cumene as well.
Cumene: Industry Definition and Segmentation
Cumene is also known as isopropyl benzene, 2-phenylpropane, or 1-methylethyl benzene. It is produced by reacting propylene and benzene together and is a colourless, volatile fluid with a gasoline-like smell. It is a natural part of coal tar and crude oil and can also be used as a gasoline blending component. Cumene is used in the production of other chemicals like phenol, acetone, and acetophenone, as well as methyl styrene. It is also used as a thinner in paints, lacquers, and enamel. It is a component of high-octane motor fuels.
The product finds wide applications in the following:
- Phenol
- Acetone
- Others
By manufacturing process, the market is segmented into:
- Zeolite Catalysts
- Aluminium Chloride Catalyst
- Solid Phosphoric Acid (SPA) Catalyst
- Others
The regional markets for cumene in Europe include Germany, the United Kingdom, France, and Italy, among others.
Growing Demand from the Solvent and Plastic Industries for Cumene’s Downstream Products to Aid the Market Growth in Europe
The cumene market in Europe is majorly being driven by the rising applications of phenol and acetone. Cumene is dominantly used in the production of these two, and the rising demand for acetone and phenol significantly impacts the demand for cumene. Acetone is widely used in various industries as a solvent, whereas the demand for phenol is being aided by the rising plastic industry.
The rising demand for acetone is being supported by the increased production of methyl methacrylate (MMA) and BPA. It also finds wide application in the pharmaceuticals and cosmetic industries. The growing demand for MMA from the construction industry for manufacturing acrylic sheets is, thus, further propelling the cumene market forward in Europe. MMA is also being widely demanded for the production of PMMA, automotive parts, and medical devices. The rising demand for laminates and plastics is also leading to an increased demand for cumene. The demand for benzene is increasing, providing a further impetus to the cumene market in Europe.
The market growth for cumene is also being aided by the rising demand for adhesives and sealants in Europe. The rising demand for high octane production fuels among consumers is also providing an impetus to the market growth. The growing market for paints and coatings in Europe is further propelling the market growth.
Key Industry Players in the Europe Cumene Market
July 2019-INEOS Phenol, one of the leading producers globally, announced that it is planning to build a large and the state of art cumene unit in Germany. This unit is expected to be completed in the year 2021. This production plant would help optimise the resources better and would eventually result in the expansion of output levels.
The report gives a detailed analysis of the following key players in the Europe cumene market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Petrochemicals Europe
- Domo Chemicals GmbH
- Royal Dutch Shell Plc
- Borealis AG
- Cepsa
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Manufacturing Process, Country |
| Breakup by Application | Phenol, Acetone, Others |
| Breakup by Manufacturing Process | Zeolite Catalysts, Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, Others |
| Breakup by Country | United Kingdom, Germany, France, Italy, Others |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Petrochemicals Europe, Domo Chemicals GmbH, Royal Dutch Shell Plc, Borealis AG, Cepsa, Others |
| 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Europe
7 Industry Opportunities and Challenges
8 Global Cumene Market Overview
8.1 Key Industry Highlights
8.2 Global Cumene Historical Market (2016-2020)
8.3 Global Cumene Market Forecast (2021-2026)
8.4 Global Cumene Market by Region
8.4.1 Market Share
8.4.1.1 North America
8.4.1.2 Europe
8.4.1.3 Asia Pacific
8.4.1.4 Latin America
8.4.1.5 Middle East and Africa
9 Europe Cumene Market Analysis
9.1 Key Industry Highlights
9.2 Europe Cumene Historical Market (2016-2020)
9.3 Europe Cumene Market Forecast (2021-2026)
9.4 Europe Cumene Market by Application
9.4.1 Phenol
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2016-2020)
9.4.1.3 Forecast Trend (2021-2026)
9.4.2 Acetone
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2016-2020)
9.4.2.3 Forecast Trend (2021-2026)
9.4.3 Others
9.5 Europe Cumene Market by Manufacturing Process
9.5.1 Zeolite Catalysts
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2016-2020)
9.5.1.3 Forecast Trend (2021-2026)
9.5.2 Aluminum Chloride Catalyst
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2016-2020)
9.5.2.3 Forecast Trend (2021-2026)
9.5.3 Solid Phosphoric Acid (SPA) Catalyst
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2016-2020)
9.5.3.3 Forecast Trend (2021-2026)
9.5.4 Others
9.6 Europe Cumene Market by Country
9.6.1 Market Share
9.6.1.1 United Kingdom
9.6.1.2 Germany
9.6.1.3 France
9.6.1.4 Italy
9.6.1.5 Others
10 Regional Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2016-2020)
10.1.2 Forecast Trend (2021-2026)
10.2 Germany
10.2.1 Historical Trend (2016-2020)
10.2.2 Forecast Trend (2021-2026)
10.3 France
10.3.1 Historical Trend (2016-2020)
10.3.2 Forecast Trend (2021-2026)
10.4 Italy
10.4.1 Historical Trend (2016-2020)
10.4.2 Forecast Trend (2021-2026)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 EMR’s Key Indicators for Demand
11.4 EMR’s Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Exporting Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
14.1 United Kingdom Historical Price Trends (2016-2020) and Forecast (2021-2026)
14.2 Germany Historical Price Trends (2016-2020) and Forecast (2021-2026)
14.3 France Historical Price Trends (2016-2020) and Forecast (2021-2026)
14.4 Italy Historical Price Trends (2016-2020) and Forecast (2021-2026)
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Petrochemicals Europe
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Domo Chemicals GmbH
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Royal Dutch Shell Plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Borealis AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Cepsa
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Figures and Tables
1. Global Cumene Market: Key Industry Highlights, 2016 and 2026
2. Global Cumene Historical Market: Breakup by Region (MMT), 2016-2020
3. Global Cumene Market Forecast: Breakup by Region (MMT), 2021-2026
4. Europe Cumene Market: Key Industry Highlights, 2016 and 2026
5. Europe Cumene Historical Market: Breakup by Application (MMT), 2016-2020
6. Europe Cumene Market Forecast: Breakup by Application (MMT), 2021-2026
7. Europe Cumene Historical Market: Breakup by Manufacturing Process (MMT), 2016-2020
8. Europe Cumene Market Forecast: Breakup by Manufacturing Process (MMT), 2021-2026
9. Europe Cumene Historical Market: Breakup by Country (MMT), 2016-2020
10. Europe Cumene Market Forecast: Breakup by Country (MMT), 2021-2026
11. Major Importing Countries by Volume (2020)
12. Major Exporting Countries by Volume (2020)
13. Major Importing Countries by Value (2020)
14. Major Exporting Countries by Value (2020)
15. United Kingdom Historical Price Trends and Forecast 2016-2026
16. Germany Historical Price Trends and Forecast 2016-2026
17. France Historical Price Trends and Forecast 2016-2026
18. Italy Historical Price Trends and Forecast 2016-2026
19. Europe Cumene Market Structure
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