Cumene Market Analysis - Global Industry Size, Share, Trends and Forecast 2022 - 2030

Introduction

Cumene is an inflammable organic compound, also recognized as isopropyl-benzene. This compound is derived from an aromatic hydrocarbon with an aliphatic replacement. It is a chief component of refined crude oil and fuels and is used in widespread range of engineering work as a base chemical compound to produce cumene hydroperoxide. This compound further produces two commercially vital chemicals namely phenol and acetone. It is used in fuel additives, enamels, lacquers, adhesives, sealant, in manufacturing of high octane production fuels, and as a solvent in paints.

Market Dynamics

The global cumene market is experiencing substantial growth opportunities globally, due to surge in demand for acetone and phenol and their by-products. Moreover, overall economic growth, increase in per capita disposable earnings, and surge in the usage of bisphenol-A & phenolic resins are projected to propel the growth of this market throughout the forecast period. Furthermore, growth in demand for phenol in several industries such as laminates, composites and plastics are expected to supplement the global market growth. Conversely, hazardous health effects of cumene and volatile prices of crude oil may hinder the growth of cumene market.

On the basis of application, cumene market is bifurcated into phenol/acetones and others (blending component, solvent etc.). In 2016, the phenol/acetones segment in Asia-Pacific held highest market share in terms of volume and revenue and is anticipated to mirror this trend during years to come. In addition, Europe is estimated to witness highest growth during the forecast period in terms of both value and volume from others application sector. Growing population and need for cumene as fuel additive is highly driving the growth of this market.

Report coverage

The market research study on “Cumene Market (Application: Phenol/Acetone, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2016 – 2022”offers a detailed study on the cumene market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact analysis are provided. Information about Porter's five forces analysis is also mentioned. The report provides insight on global cumene market, its application, and major geographic regions. The report covers the basic development policies and layouts of technology development processes. Secondly, the report covers the global cumene market size and volume, and the segment markets by application, and geography along with the information on companies operating in the market. The cumene market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, and LAMEA. For each region, the market sizes and volume for different segments have been covered under the scope of report. There are large numbers of cumene manufacturers present in the market. Some of the major manufacturers include The Dow Chemical Company, BP Plc., Royal Dutch Shell Plc., Exxon Mobil Corporation, Total S.A., BASF SE, SABIC, Axiall Corporation, JX Nippon Oil & Energy and Sumitomo Chemical Co., Ltd. among others.

The global cumene market is segmented as below:

• Phenol/Acetone
• Others (Blending Component, Solvent Etc.)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • Russia
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • Australia
  • Korea
  • India
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • KSA
  • South Africa
  • Rest of LAMEA