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PUBLISHER: The Business Research Company | PRODUCT CODE: 1209970

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1209970

Cumene Global Market Report 2023

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PAGES: 175 Pages
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“Cumene Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cumene market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for cumene ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cumene market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Manufacturing Process: Aluminum Chloride Catalyst; Solid Phosphoric Acid (SPA) Catalyst; and Zeolite Catalyst

2) By Application: Phenol; Acetone; Chromatography; Other Applications

3) By End Userr Industry: Paints Industry; Automotive Industry; Chemical Industry; Plastics Industry; Other End-User Industries

Companies Mentioned: Royal Dutch Shell Plc.; Exxon Mobil Corporation; BP Plc.; Sumitomo Chemical Co Ltd.; BASF SE

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the cumene market are: Royal Dutch Shell Plc., Exxon Mobil Corporation, BP Plc., Sumitomo Chemical Co Ltd, BASF SE, The Dow Chemical Company, China Petroleum and Chemical Corporation, Ineos Group Limited, and CEPSA.

The global cumene market will grow from $26.24 billion in 2022 to $27.22 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The cumene market is expected to grow from $31.35 billion in 2027 at a CAGR of 3.6%.

The cumene market consists of the sales of cumene used in the production of iron, steel, rubber, pulp, and paper. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Cumene is a colorless, flammable liquid and has a penetrating, gasoline-like odor. Cumene is a combination of crude oil and refined fuels. It comprises a benzene ring with an isopropyl substitution.

Asia Pacific was the largest region in the cumene market in 2022. Middle East was the second-largest region in the cumene market. The regions covered in the cumene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main manufacturing processes of cumene are aluminum chloride catalyst, solid phosphoric acid (spa) catalyst, and zeolite catalyst. Cumene is a colorless, flammable liquid and has a penetrating, gasoline-like odor. The main applications of cumene include phenol, acetone, chromatography, and other applications. The various end-user industries of cumene are the paint industry, automotive industry, chemical industry, plastics industry, and other end-user industries.

Rising demand for phenols and acetones in various industries contributes to the growth of the cumene market. Acetone is used as a solvent in the pharmaceutical and cosmetic industries. Phenols are used for the production of epoxy resins used in paints and coatings. As a result, strong demand for phenols and acetones has resulted in their oversupply. The demand for acetone and phenol is increasing at a significant rate relative to supply, which offers new manufacturers great potential for establishing their facilities. The cumene market is expected to see a high growth rate during the forecast period due to an increase in global demand for acetone. For instance, according to the 2021 acetone market development report by ECHEMI, a Hong Kong-based chemical supply chain service company, the global acetone production capacity is expected to grow steadily in 2022 at an average rate of 2.1% from 2018 to 2022. Rising demand for phenols and acetones drove the cumene market.

Rising demand for phenols and acetones in various industries contributes to the growth of the cumene market. Cumene is used as a feedstock in the production of phenol and acetone. Acetone is used as a solvent in the pharmaceutical and cosmetic industries, whereas phenols are used for the production of paints and coatings. Thus, strong demand for phenols and acetones has resulted in a rise in the demand for cumene. For instance, according to the 2021 acetone market development report by ECHEMI, a Hong Kong-based chemical supply chain service company, the global acetone production capacity is expected to grow steadily in 2022 at an average rate of 2.1% from 2018 to 2022. Thus, the rising demand for phenols and acetones positively drives the growth of the cumene market.

Companies in the cumene market are investing to meet the future demand. For instance, in Germany, INEOS Phenol, the world's largest producer of acetone and phenol, has already made a new cumene investment at the Evonik Chemiepark in Marl. The fully integrated unit will use existing pipeline connections between the production of INEOS phenol and acetone in Gladbeck, the Marl site of Evonik Chemiepark, and the Gelsenkirchen refinery and cracker complex of BP. The new 750,000-tonne cumene unit was expected to be completed in 2021, will meet future demand and improve supply protection for INEOS plants in Gladbeck and Antwerp. In addition, in August 2021, Lummus Technology, a global licensor of proprietary petrochemical, refining, gasification and gas processing technologies achieved successful plant acceptance from Formosa Chemicals and Fibre Corp, a Taiwan-based chemicals company for the firm's cumene and phenol plant expansion in Ningbo, China. The plant now boasts a 600 kMTA cumene and 400 kMTA phenol capacity.

In August 2022, Ineos, a UK-based chemicals company acquired all the assets of Mitsui Phenol Co Ltd, located in Jurong Island, Singapore, from Mitsui Chemicals for $330 million. The acquisition strengthens the existing portfolio of Ineos and enable integration of business while adding around 1 million tons of production capacity including of cumene. Mitsui Chemicals is a Japanese chemicals company.

The countries covered in the cumene market are: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The cumene market research report is one of a series of new reports from The Business Research Company that provides cumene market statistics, including cumene industry global market size, regional shares, competitors with a cumene market share, detailed cumene market segments, market trends and opportunities, and any further data you may need to thrive in the cumene industry. This comprehensive market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r1823

Table of Contents

1. Executive Summary

2. Cumene Market Characteristics

3. Cumene Market Trends And Strategies

4. Cumene Market - Macro Economic Scenario

4.1 COVID-19 Impact On Cumene Market

4.2 Ukraine-Russia War Impact On Cumene Market

4.3 Impact Of High Inflation On Cumene Market

5. Cumene Market Size And Growth

  • 5.1. Global Cumene Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Cumene Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Cumene Market Segmentation

  • 6.1. Global Cumene Market, Segmentation By End Userr Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Paints Industry
  • Automotive Industry
  • Chemical Industry
  • Plastics Industry
  • Other End-User Industry
  • 6.2. Global Cumene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Phenol
  • Acetone
  • Chromatography
  • Other Applications
  • 6.3. Global Cumene Market, Segmentation By Manufacturing Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Aluminum Chloride Catalyst
  • Solid Phosphoric Acid (SPA) Catalyst
  • Zeolite Catalyst

7. Cumene Market Regional And Country Analysis

  • 7.1. Global Cumene Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Cumene Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Cumene Market

  • 8.1. Asia-Pacific Cumene Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Cumene Market

  • 9.1. China Cumene Market Overview
  • 9.2. China Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Cumene Market

  • 10.1. India Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Cumene Market

  • 11.1. Japan Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Cumene Market

  • 12.1. Australia Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Cumene Market

  • 13.1. Indonesia Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Cumene Market

  • 14.1. South Korea Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Cumene Market

  • 15.1. Western Europe Cumene Market Overview
  • 15.2. Western Europe Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Cumene Market

  • 16.1. UK Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Cumene Market

  • 17.1. Germany Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Cumene Market

  • 18.1. France Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Cumene Market

  • 19.1. Eastern Europe Cumene Market Overview
  • 19.2. Eastern Europe Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Cumene Market

  • 20.1. Russia Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Cumene Market

  • 21.1. North America Cumene Market Overview
  • 21.2. North America Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Cumene Market

  • 22.1. USA Cumene Market Overview
  • 22.2. USA Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Cumene Market

  • 23.1. South America Cumene Market Overview
  • 23.2. South America Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Cumene Market

  • 24.1. Brazil Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Cumene Market

  • 25.1. Middle East Cumene Market Overview
  • 25.2. Middle East Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Cumene Market

  • 26.1. Africa Cumene Market Overview
  • 26.2. Africa Cumene Market, Segmentation By End Userr industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Cumene Market Competitive Landscape And Company Profiles

  • 27.1. Cumene Market Competitive Landscape
  • 27.2. Cumene Market Company Profiles
    • 27.2.1. Royal Dutch Shell Plc.
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Exxon Mobil Corporation
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. BP Plc.
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Sumitomo Chemical Co Ltd
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. BASF SE
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

29. Key Mergers And Acquisitions In The Cumene Market

29. Cumene Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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