Cumene: By Product (Zeolite, Solid phosphoric acid, and Aluminum chloride), By Application (Phenol/Acetone, Paints and Enamels, High-octane Aviation Fuels, and Others), And Region – Global Analysis of Market Size, Share & Trends For 2019–2020 And Forecasts To 2031
Cumene: By Product (Zeolite, Solid phosphoric acid, and Aluminum chloride), By Application (Phenol/Acetone, Paints and Enamels, High-octane Aviation Fuels, and Others), And Region – Global Analysis of Market Size, Share & Trends For 2019–2020 And Forecasts To 2031
PRODUCT OVERVIEW
Cumene, also known as isopropyl benzene, is a volatile chemical compound formed when aromatic hydrocarbons are substituted with aliphatic hydrocarbons. It's a flammable, colorless liquid. It's a key ingredient in the production of refine crude oil and fuels, as well as a chemical base for the production of cumene hydro peroxide, phenol, and acetone. It's also used to make thinners, preservatives, enamels, lacquers, adhesives, sealants, and solvents in paints, among other petroleum-based items. As a result, it is widely used in a variety of industries, including chemical, petrochemical, plastic, and oil and gas.
MARKET HIGHLIGHTS
Global Cumene market is expected to project a notable CAGR of 8.1% in 2031.
Global Cumene to surpass USD 45.8 billion by 2031 from USD 21.1 billion in 2021 at a CAGR of 8.1% in the coming years, i.e., 2021-31. Cumene's market is driven by the growing demand for fennel in the plastics industry. Plastic is made using fennel, and acetone is used as a solvent. The growing usage of plastics in the automotive, packaging, consumer goods, and cosmetic industries, among other industries, is propelling the cumene market forward.
GLOBAL CUMENE: SEGMENTS
Phenol/Acetone segment to grow with the highest CAGR during 2021-31
Based on Application global Cumene is segmented into Phenol/Acetone, Paints and Enamels, High-octane Aviation Fuels, and Others. During the projected period, phenol/acetone segment is projected to grow. Due to rising demands for phenolic resins and bisphenol-A, as well as increased use of acetone or its derivatives, the phenol/acetone segment has the most market potential. Furthermore, the growing usage of cumene in adhesives & sealant chemicals is propelling the market forward. Due to rising demand for polycarbonates and steady expansion with per capita disposable income, cumene's application in paints and enamels has seen significant growth. In the future, investment in Research and development activities are projected to give prospects for growth.
Zeolite segment to grow with the highest CAGR during 2021-31
Based on Application global Cumene is segmented into Zeolite, Solid phosphoric acid, and Aluminum chloride. For the manufacture of cumene in modern industrial procedures, zeolites are used as a catalyst. Over aluminum chloride, zeolites have a number of advantages. The usage of zeolite helps to avoid the development of olefin oligomers as well as polyalkylbenzenes. Alkylation can also be achieved at lower pressures and temperatures thanks to the catalyst. These reactions can take place in either liquid or gaseous form. However, a gaseous phase is used to achieve high conversion & stable products.
MARKET DYNAMICS
Drivers
Increasing demand of phenol
Increasing demand for high-octane cumene
Restraint
Health risk and environmental concerns
GLOBAL CUMENE:
Key Players
Global Cumene market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific was indeed the dominant market, accounting for highest of total market revenue. The region is predicted to increase at a CAGR during forecast period. Growth in the automotive and construction industries, as well as technological advancements, are expected to boost the market in the area over the upcoming years, particularly in some nations.
GLOBAL CUMENE REPORT ALSO CONTAINS ANALYSIS ON:
Cumene Segments:
PRODUCT OVERVIEW
Cumene, also known as isopropyl benzene, is a volatile chemical compound formed when aromatic hydrocarbons are substituted with aliphatic hydrocarbons. It's a flammable, colorless liquid. It's a key ingredient in the production of refine crude oil and fuels, as well as a chemical base for the production of cumene hydro peroxide, phenol, and acetone. It's also used to make thinners, preservatives, enamels, lacquers, adhesives, sealants, and solvents in paints, among other petroleum-based items. As a result, it is widely used in a variety of industries, including chemical, petrochemical, plastic, and oil and gas.
MARKET HIGHLIGHTS
Global Cumene market is expected to project a notable CAGR of 8.1% in 2031.
Global Cumene to surpass USD 45.8 billion by 2031 from USD 21.1 billion in 2021 at a CAGR of 8.1% in the coming years, i.e., 2021-31. Cumene's market is driven by the growing demand for fennel in the plastics industry. Plastic is made using fennel, and acetone is used as a solvent. The growing usage of plastics in the automotive, packaging, consumer goods, and cosmetic industries, among other industries, is propelling the cumene market forward.
GLOBAL CUMENE: SEGMENTS
Phenol/Acetone segment to grow with the highest CAGR during 2021-31
Based on Application global Cumene is segmented into Phenol/Acetone, Paints and Enamels, High-octane Aviation Fuels, and Others. During the projected period, phenol/acetone segment is projected to grow. Due to rising demands for phenolic resins and bisphenol-A, as well as increased use of acetone or its derivatives, the phenol/acetone segment has the most market potential. Furthermore, the growing usage of cumene in adhesives & sealant chemicals is propelling the market forward. Due to rising demand for polycarbonates and steady expansion with per capita disposable income, cumene's application in paints and enamels has seen significant growth. In the future, investment in Research and development activities are projected to give prospects for growth.
Zeolite segment to grow with the highest CAGR during 2021-31
Based on Application global Cumene is segmented into Zeolite, Solid phosphoric acid, and Aluminum chloride. For the manufacture of cumene in modern industrial procedures, zeolites are used as a catalyst. Over aluminum chloride, zeolites have a number of advantages. The usage of zeolite helps to avoid the development of olefin oligomers as well as polyalkylbenzenes. Alkylation can also be achieved at lower pressures and temperatures thanks to the catalyst. These reactions can take place in either liquid or gaseous form. However, a gaseous phase is used to achieve high conversion & stable products.
MARKET DYNAMICS
Drivers
Increasing demand of phenol
Increasing demand for high-octane cumene
Restraint
Health risk and environmental concerns
GLOBAL CUMENE:
Key Players
- Royal Dutch Shell
- Exxon Mobil
- Sumitomo Chemical
- Axiall
- SABIC
- The Dow Chemical
- JX Nippon Oil
- KMG Chemicals
- KenolKobil
- Formosa Plastics
- Other prominent Players
Global Cumene market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific was indeed the dominant market, accounting for highest of total market revenue. The region is predicted to increase at a CAGR during forecast period. Growth in the automotive and construction industries, as well as technological advancements, are expected to boost the market in the area over the upcoming years, particularly in some nations.
GLOBAL CUMENE REPORT ALSO CONTAINS ANALYSIS ON:
Cumene Segments:
- By Product
- Zeolite
- Solid phosphoric acid
- Aluminum chloride
- By Application
- Phenol/Acetone
- Paints and Enamels
- High-octane Aviation Fuels
- Others
- Cumene Dynamics
- Cumene Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2. Business Trends
1.3. Global Cumene Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global Cumene Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 GLOBAL CUMENE MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 GLOBAL CUMENE MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 GLOBAL CUMENE MARKET SIZE & FORECAST 2021A-2031F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Product
11.3.1.1. Zerolite
11.3.1.1.1. By Value (USD Million) 2021-2031F
11.3.1.1.2. Market Share (%) 2021-2031F
11.3.1.1.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.2. Solid phosphoric acid
11.3.1.2.1. By Value (USD Million) 2021-2031F
11.3.1.2.2. Market Share (%) 2021-2031F
11.3.1.2.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.3. Aluminum chloride
11.3.1.3.1. By Value (USD Million) 2021-2031F
11.3.1.3.2. Market Share (%) 2021-2031F
11.3.1.3.3. Y-o-Y Growth (%) 2021-2031F
11.3.2. By Application
11.3.2.1. Phenol/Acetone
11.3.2.1.1. By Value (USD Million) 2021-2031F
11.3.2.1.2. Market Share (%) 2021-2031F
11.3.2.1.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.2. High-octane Aviation Fuels
11.3.2.2.1. By Value (USD Million) 2021-2031F
11.3.2.2.2. Market Share (%) 2021-2031F
11.3.2.2.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.3. Paints and Enamel
11.3.2.3.1. By Value (USD Million) 2021-2031F
11.3.2.3.2. Market Share (%) 2021-2031F
11.3.2.3.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.4. Others
11.3.2.4.1. By Value (USD Million) 2021-2031F
11.3.2.4.2. Market Share (%) 2021-2031F
11.3.2.4.3. Y-o-Y Growth (%) 2021-2031F
12 NORTH AMERICA CUMENE MARKET SIZE & FORECAST 2021A-2031F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Product
12.3.2. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE CUMENE MARKET SIZE & FORECAST 2021A-2031F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Product
13.3.2. By Application
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA CUMENE MARKET SIZE & FORECAST 2021A-2031F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Product
14.3.2. By Application
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA CUMENE MARKET SIZE & FORECAST 2021A-2031F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Product
15.3.2. By Application
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA CUMENE MARKET SIZE & FORECAST 2021A-2031F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Product
16.3.2. By Application
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. Royal Dutch Shell
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Exxon Mobil
18.3. Sumitomo Chemical
18.4. Axiall
18.5. SABIC
18.6. The Dow Chemical
18.7. JX Nippon Oil
18.8. KMG Chemicals
18.9. KenolKobil
18.10. Formosa Plastics
18.11. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2. Business Trends
1.3. Global Cumene Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global Cumene Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 GLOBAL CUMENE MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 GLOBAL CUMENE MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 GLOBAL CUMENE MARKET SIZE & FORECAST 2021A-2031F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Product
11.3.1.1. Zerolite
11.3.1.1.1. By Value (USD Million) 2021-2031F
11.3.1.1.2. Market Share (%) 2021-2031F
11.3.1.1.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.2. Solid phosphoric acid
11.3.1.2.1. By Value (USD Million) 2021-2031F
11.3.1.2.2. Market Share (%) 2021-2031F
11.3.1.2.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.3. Aluminum chloride
11.3.1.3.1. By Value (USD Million) 2021-2031F
11.3.1.3.2. Market Share (%) 2021-2031F
11.3.1.3.3. Y-o-Y Growth (%) 2021-2031F
11.3.2. By Application
11.3.2.1. Phenol/Acetone
11.3.2.1.1. By Value (USD Million) 2021-2031F
11.3.2.1.2. Market Share (%) 2021-2031F
11.3.2.1.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.2. High-octane Aviation Fuels
11.3.2.2.1. By Value (USD Million) 2021-2031F
11.3.2.2.2. Market Share (%) 2021-2031F
11.3.2.2.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.3. Paints and Enamel
11.3.2.3.1. By Value (USD Million) 2021-2031F
11.3.2.3.2. Market Share (%) 2021-2031F
11.3.2.3.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.4. Others
11.3.2.4.1. By Value (USD Million) 2021-2031F
11.3.2.4.2. Market Share (%) 2021-2031F
11.3.2.4.3. Y-o-Y Growth (%) 2021-2031F
12 NORTH AMERICA CUMENE MARKET SIZE & FORECAST 2021A-2031F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Product
12.3.2. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE CUMENE MARKET SIZE & FORECAST 2021A-2031F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Product
13.3.2. By Application
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA CUMENE MARKET SIZE & FORECAST 2021A-2031F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Product
14.3.2. By Application
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA CUMENE MARKET SIZE & FORECAST 2021A-2031F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Product
15.3.2. By Application
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA CUMENE MARKET SIZE & FORECAST 2021A-2031F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Product
16.3.2. By Application
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. Royal Dutch Shell
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Exxon Mobil
18.3. Sumitomo Chemical
18.4. Axiall
18.5. SABIC
18.6. The Dow Chemical
18.7. JX Nippon Oil
18.8. KMG Chemicals
18.9. KenolKobil
18.10. Formosa Plastics
18.11. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
