Cumene Market Share, Size, Trends, Industry Analysis Report, By Type (Zeolite, Solid Phosphoric Acid, and Aluminum Chloride); By Application; By Region; Segment Forecast, 2023

Description

List of Tables

The global cumene market size is expected to reach USD 29.45 billion by 2032, according to a new study by Polaris Market Research. The report "Cumene Market Share, Size, Trends, Industry Analysis Report, By Type (Zeolite, Solid Phosphoric Acid, and Aluminum Chloride); By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The constant surge in the use of cumene as a raw material in the production of acetone and phenol that are widely utilized in numerous end-use industries and growing need for construction materials, coatings, sealants, and adhesives, as a result of rapid rate of urbanization and industrialization worldwide, are primary factors influencing the growth of the market. In addition, researchers and companies are continuously working on exploring more environmentally friendly production methods for cumene that includes using catalysts that are comparatively less harmful to the environment, which in turn, generating huge growth opportunities for the market.

For instance, in April 2023, INEOS Phenol, announced that they have completed the acquisition of Mitsui Phenols from the Mitsui Chemicals for total consideration of USD 330 million. This addition will expand company's existing asset portfolio and expertise and will create new integration opportunities with its manufacturing sites.

As, phenol is also emerging as a major component in phenolic additives that are widely used in wood products like plywood and oriented strand board and also as a extensively valuable intermediate in the manufacturing of agricultural chemicals, medicines, plasticizers, detergents, and dyes, thereby, the demand and need for cumene is drastically rising over the years.

Furthermore, with the significant increase in the demand for high-quality performance epoxy resin across various industrial applications for corrosion protection, moisture resistivity, mechanical strength, improved adhesion, and thermal stability, among others along with the greater proliferation for phenolic resins and bisphenol-A all over the world, the adoption of cumene to be used in such applications is growing at steady rate.

Stringent environmental regulations and standards set by various regulatory authorities and agencies worldwide that are prompting and encouraging companies to invest in technologies and practices that ensure compliance including emissions control and waste management to reduce the environmental footprint of cumene production and adopt sustainable practices, will likely to positively impact the market.

For instance, in June 2023, Cepsa, announced about an USD 8.8 billion investment plan that will help company generate majority of their core earnings from the sustainable businesses by 2030.

Cumene Market Report Highlights

Zeolite segment accounted for notable market share in 2022, mainly due to its increasing use as a catalyst in industrial processes for the production of cumene

Phenol segment held the majority revenue share, owing to significant adoption of phenol across different industries like cosmetics, electronics, and paints & coatings

Asia Pacific dominated the global market with substantial share, on account of region's higher production of cumene and rising use in infrastructure development projects

The key market players include Dow Chemical Company, JX Nippon Oil & Energy, Kumho P&B Chemicals, Sumitomo Chemicals Co., and Chang Chun Group

Polaris Market Research has segmented the cumene market report based on type, application, and region:

Cumene, Type Outlook (Revenue - USD Billion, 2023 - 2032)

Zeolite
Solid Phosphoric Acid
Aluminum Chloride

Cumene, Application Outlook (Revenue - USD Billion, 2023 - 2032)

Phenol
Acetone
Others

Cumene, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa

Product Code: PM4102

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Cumene Market Insights

4.1. Cumene Market - Industry Snapshot
4.2. Cumene Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Growing usage of cumene in adhesives and sealant chemicals and demand for phenolic resins driving the market growth
  - 4.2.1.2. Technological Advancements
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Fluctuations in the prices of raw materials
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Cumene Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Cumene Market, by Type

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Cumene, by Type, 2019-2032 (USD Billion)
5.3. Zeolite
- 5.3.1. Global Cumene Market, by Zeolite, by Region, 2019-2032 (USD Billion)
5.4. Solid Phosphoric Acid
- 5.4.1. Global Cumene Market, by Solid Phosphoric Acid, by Region, 2019-2032 (USD Billion)
5.5. Aluminum Chloride
- 5.5.1. Global Cumene Market, by Aluminum Chloride, by Region, 2019-2032 (USD Billion)

6. Global Cumene Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Cumene Market, by Application, 2019-2032 (USD Billion)
6.3. Phenol
- 6.3.1. Global Cumene Market, by Phenol, by Region, 2019-2032 (USD Billion)
6.4. Acetone
- 6.4.1. Global Cumene Market, by Acetone, by Region, 2019-2032 (USD Billion)
6.5. Others
- 6.5.1. Global Cumene Market, by Others, by Region, 2019-2032 (USD Billion)

7. Global Cumene Market, by Geography

7.1. Key findings
7.2. Introduction
- 7.2.1. Cumene Market Assessment, By Geography, 2019-2032 (USD Billion)
7.3. Cumene Market - North America
- 7.3.1. North America: Cumene Market, by Application, 2019-2032 (USD Billion)
- 7.3.2. North America: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.3.3. Cumene Market - U.S.
  - 7.3.3.1. U.S.: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.3.3.2. U.S.: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.3.4. Cumene Market - Canada
  - 7.3.4.1. Canada: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.3.4.2. Canada: Cumene Market, by Type, 2019-2032 (USD Billion)
7.4. Cumene Market - Europe
- 7.4.1. Europe: Cumene Market, by Application, 2019-2032 (USD Billion)
- 7.4.2. Europe: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.4.3. Cumene Market - UK
  - 7.4.3.1. UK: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.4.3.2. UK: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.4.4. Cumene Market - France
  - 7.4.4.1. France: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.4.4.2. France: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.4.5. Cumene Market - Germany
  - 7.4.5.1. Germany: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.4.5.2. Germany: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.4.6. Cumene Market - Italy
  - 7.4.6.1. Italy: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.4.6.2. Italy: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.4.7. Cumene Market - Spain
  - 7.4.7.1. Spain: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.4.7.2. Spain: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.4.8. Cumene Market - Netherlands
  - 7.4.8.1. Netherlands: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.4.8.2. Netherlands: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.4.9. Cumene Market - Russia
  - 7.4.9.1. Russia: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.4.9.2. Russia: Cumene Market, by Type, 2019-2032 (USD Billion)
7.5. Cumene Market - Asia Pacific
- 7.5.1. Asia Pacific: Cumene Market, by Application, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.5.3. Cumene Market - China
  - 7.5.3.1. China: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.5.3.2. China: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.5.4. Cumene Market - India
  - 7.5.4.1. India: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.5.4.2. India: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.5.5. Cumene Market - Malaysia
  - 7.5.5.1. Malaysia: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.5.5.2. Malaysia: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.5.6. Cumene Market - Japan
  - 7.5.6.1. Japan: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.5.6.2. Japan: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.5.7. Cumene Market - Indonesia
  - 7.5.7.1. Indonesia: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.5.7.2. Indonesia: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.5.8. Cumene Market - South Korea
  - 7.5.8.1. South Korea: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.5.8.2. South Korea: Cumene Market, by Type, 2019-2032 (USD Billion)
7.6. Cumene Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Cumene Market, by Application, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.6.3. Cumene Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.6.3.2. Saudi Arabia: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.6.4. Cumene Market - UAE
  - 7.6.4.1. UAE: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.6.4.2. UAE: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.6.5. Cumene Market - Israel
  - 7.6.5.1. Israel: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.6.5.2. Israel: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.6.6. Cumene Market - South Africa
  - 7.6.6.1. South Africa: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.6.6.2. South Africa: Cumene Market, by Type, 2019-2032 (USD Billion)
7.7. Cumene Market - Latin America
- 7.7.1. Latin America: Cumene Market, by Application, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.7.3. Cumene Market - Mexico
  - 7.7.3.1. Mexico: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.7.3.2. Mexico: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.7.4. Cumene Market - Brazil
  - 7.7.4.1. Brazil: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.7.4.2. Brazil: Cumene Market, by Type, 2019-2032 (USD Billion)
- 7.7.5. Cumene Market - Argentina
  - 7.7.5.1. Argentina: Cumene Market, by Application, 2019-2032 (USD Billion)
  - 7.7.5.2. Argentina: Cumene Market, by Type, 2019-2032 (USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. Braskem
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. Cepsa
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Chang Chun Group
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. CITGO
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Domo Chemicals
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. Dow Chemical Company
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. JX Nippon Oil & Energy
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. KMG Chemicals
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. Koch Industries Inc.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Kumho P&B Chemicals Inc.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. Prasol Chemicals Pvt. Ltd.
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
9.12. Royal Dutch Shell PLC
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
9.13. SABIC
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
9.14. Sumitomo Chemical Co. Ltd.
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
9.15. Versalis Spa
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development

Product Code: PM4102

List of Tables

Table 1 Global Cumene Market, by Application, 2019-2032 (USD Billion)
Table 2 Global Cumene Market, by Type, 2019-2032 (USD Billion)
Table 3 Cumene Market Assessment, By Geography, 2019-2032 (USD Billion)
Table 4 North America: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 5 North America: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 6 U.S.: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 7 U.S.: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 8 Canada: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 9 Canada: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 10 Europe: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 11 Europe: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 12 UK: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 13 UK: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 14 France: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 15 France: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 16 Germany: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 17 Germany: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 18 Italy: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 19 Italy: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 20 Spain: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 21 Spain: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 22 Netherlands: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 23 Netherlands: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 24 Russia: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 25 Russia: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 26 Asia Pacific: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 27 Asia Pacific: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 28 China: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 29 China: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 30 India: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 31 India: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 32 Malaysia: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 33 Malaysia: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 34 Japan: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 35 Japan: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 36 Indonesia: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 37 Indonesia: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 38 South Korea: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 39 South Korea: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 40 Middle East & Africa: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 41 Middle East & Africa: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 42 Saudi Arabia: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 43 Saudi Arabia: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 44 UAE: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 45 UAE: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 46 Israel: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 47 Israel: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 48 South Africa: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 49 South Africa: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 50 Latin America: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 51 Latin America: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 52 Mexico: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 53 Mexico: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 54 Brazil: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 55 Brazil: Cumene Market, by Type, 2019-2032 (USD Billion)
Table 56 Argentina: Cumene Market, by Application, 2019-2032 (USD Billion)
Table 57 Argentina: Cumene Market, by Type, 2019-2032 (USD Billion)

List of Figures

Figure 1 Global Cumene Market, 2019-2032 (USD Billion)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter's Five Forces
Figure 6 Market by Application
Figure 7 Global Cumene Market, by Application, 2022 & 2032 (USD Billion)
Figure 8 Market by Type
Figure 9 Global Cumene Market, by Type, 2022 & 2032 (USD Billion)
Figure 10 Cumene Market Assessment, By Geography, 2019-2032 (USD Billion)
Figure 11 Strategic Analysis - Cumene Market

Cumene Market Share, Size, Trends, Industry Analysis Report, By Type (Zeolite, Solid Phosphoric Acid, and Aluminum Chloride); By Application; By Region; Segment Forecast, 2023 - 2032

Description

Table of Contents

List of Tables

Cumene Market Report Highlights

Cumene, Type Outlook (Revenue - USD Billion, 2023 - 2032)

Cumene, Application Outlook (Revenue - USD Billion, 2023 - 2032)

Cumene, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

Table of Contents

1. Introduction

2. Executive Summary

3. Research Methodology

4. Global Cumene Market Insights

5. Global Cumene Market, by Type

6. Global Cumene Market, by Application

7. Global Cumene Market, by Geography

8. Competitive Landscape

9. Company Profiles

List of Tables

List of Figures