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Cumene Global Market Report 2020

Starting Price : $ 4000.00 | Pages : 150 | Published : February 2020 | SKU CODE : 7343 | Format :


The cumene market consists of sales of cumene and related services. It is used as a raw material in the synthesis of other organic compounds, such as phenol, acetone, acetophenone, and methyl styrene. It is also used as a thinner for paints and lacquers. Cumene is a colorless, flammable liquid and has a penetrating gasoline-like odor.

The global cumene market reached a value of nearly $21 billion in 2019, having grown at a compound annual growth rate (CAGR) of 3.79% since 2015, and is expected to grow at a CAGR of -.97% to nearly $20.2 billion by 2023.

The cumene market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific was the largest region in the cumene market in 2019.

Rising demand for phenols and acetones in various industries contributes to the growth of the cumene market. Cumene is used as a feed-stock in the production of phenol and acetone. Acetone is used as a solvent in the pharmaceutical and cosmetic industries where as phenols are used for the production of paints and coatings. Thus, strong demand for phenols and acetones has resulted in rise in the demand for cumene. For instance, in Gujarat, India, in 2017, the 8th global submit of Vibrant Gujarat, states that, the global demand for phenol is rising from 12.3 million tons in 2018 to 13.5 million tons in 2020 at a CAGR of 4.5%. Additionally, the global demand for acetones is rising from 6.8 million tons in 2018 to 7.2 million tons in 2020 at a CAGR of 4.5%. Thus, the rising demand for phenols and acetones positively drives the growth of the cumene market.

Companies in the cumene market are investing in order to meet the future demand. For instance, in Germany, in 2019, INEOS Phenol, the world’s largest producer of acetone and phenol has done 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 tonnes cumene unit would be completed by 2021 and will meet future demand and improves supply protection for INEOS plants in Gladbeck and Antwerp.

In 2018, Cabot Microelectronics Corporation, a USA-based company specialized in supplying consumable materials to semiconductor manufacturers and pipeline companies, acquired KMG Chemicals for $1.6 billion. The acquisition helped Cabot Microelectronics Corporation in broadening its position as the leading supplier of consumable materials in the semiconductor industry. Additionally, the combination will result in the global supply of performance products and services to improve pipeline operations. KMG Chemicals, Inc. is a USA-based company that specializes in manufacturing specialty chemicals for electronics, industrial wood preservation, and industrial lubricant markets.

The major players in the global 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 countries covered in the global cumene market report are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia

The Global Cumene Market is segmented: 1) By End-user industry: Paints industry, Automotive industry, Chemical industry, Plastics industry and others 2) By Application: Phenol, Acetone, Chromatography, Others

    1. Executive Summary

    2. Cumene Market Characteristics

    3. Cumene Market Size And Growth

    3.1. Global Cumene Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Cumene Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Cumene Market Segmentation

    4.1. Global Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Paints industry

    Automotive industry

    Chemical industry

    Plastics industry and others

    4.2. Global Cumene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Phenol  

    Acetone

    Chromatography

    Others

    5. Cumene Market Regional And Country Analysis

    5.1. Global Cumene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global Cumene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    6. Asia-Pacific Cumene Market  

    6.1. Asia-Pacific Cumene Market Overview  

    6.2. Asia-Pacific Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    7. China Cumene Market  

    7.1. China Cumene Market Overview  

    7.2. China Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

    8. India Cumene Market  

    8.1. India Cumene Market Overview  

    8.2. India Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    9. Japan Cumene Market  

    9.1. Japan Cumene Market Overview  

    9.2. Japan Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia Cumene Market  

    10.1. Australia Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia Cumene Market  

    11.1. Indonesia Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea Cumene Market  

    12.1. South Korea Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    13. Western Europe Cumene Market  

    13.1. Western Europe Cumene Market Overview

    13.2. Western Europe Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    14. UK Cumene Market  

    14.1. UK Cumene Market Overview

    14.2. UK Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany Cumene Market  

    15.1. Germany Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France Cumene Market  

    16.3. France Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    17. Eastern Europe Cumene Market  

    17.1. Eastern Europe Cumene Market Overview

    17.2. Eastern Europe Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia Cumene Market  

    18.1. Russia Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    19. North America Cumene Market  

    19.1. North America Cumene Market Overview

    19.2. North America Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    20. USA Cumene Market  

    20.1. USA Cumene Market Overview

    20.2. USA Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    21. South America Cumene Market  

    21.1. South America Cumene Market Overview

    21.2. South America Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil Cumene Market  

    22.1. Brazil Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    23. Middle East Cumene Market  

    23.1. Middle East Cumene Market Overview

    23.2. Middle East Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    24. Africa Cumene Market  

    24.1. Africa Cumene Market Overview

    24.2. Africa Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    25. Cumene Market Competitive Landscape And Company Profiles

    25.1. Cumene Market Competitive Landscape

    25.2. Cumene Market Company Profiles

    25.2.1. Royal Dutch Shell Plc.

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. Exxon Mobil Corporation

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. BP Plc.

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. Sumitomo Chemical Co Ltd

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. BASF SE

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

    26. Key Mergers And Acquisitions In The Cumene Market

    27. Cumene Market Trends And Strategies

    28. Cumene Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global Cumene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global Cumene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Global Cumene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: Asia-Pacific, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: China, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: India, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: Japan, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: Australia, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: Indonesia, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: South Korea, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: Western Europe, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: UK, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: Germany, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: France, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: Eastern Europe, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: Russia, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: North America, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: USA, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: South America, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: Brazil, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: Middle East, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 25: Africa, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 26: Royal Dutch Shell Plc. Financial Performance
  • Table 27: Exxon Mobil Corporation Financial Performance
  • Table 28: BP Plc. Financial Performance
  • Table 29: Sumitomo Chemical Co Ltd Financial Performance
  • Table 30: BASF SE Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global Cumene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global Cumene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Global Cumene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: Asia-Pacific, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: China, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: India, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: Japan, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: Australia, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: Indonesia, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: South Korea, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: Western Europe, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: UK, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: Germany, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: France, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: Eastern Europe, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: Russia, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: North America, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: USA, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: South America, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: Brazil, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: Middle East, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 25: Africa, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 26: Royal Dutch Shell Plc. Financial Performance
  • Figure 27: Exxon Mobil Corporation Financial Performance
  • Figure 28: BP Plc. Financial Performance
  • Figure 29: Sumitomo Chemical Co Ltd Financial Performance
  • Figure 30: BASF SE Financial Performance
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