Cumene Global Market Report 2022 – By Manufacturing Process (Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, and Zeolite Catalyst), By Application (Phenol, Acetone, Chromatography, Other Application), By End-User Industry (Paints Industry, Automotive Industry, Chemical Industry, Plastics Industry, Other End-User Industries) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : April 2022 | SKU CODE : 7343 | Delivery Time: 2-3 business days | Format :


The cumene market consists of sales of cumene and related services. Cumene is a colorless, flammable liquid and has a penetrating gasoline-like odor.

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 paints industry, automotive industry, chemical industry, plastics industry, and other end-user industries.

The global cumene market size is expected to grow from $23.29 billion in 2021 to $24.6 billion in 2022 at a compound annual growth rate (CAGR) of 5.6%. The global cumene market size is expected to grow to $30.28 billion in 2026 at a CAGR of 5.3%.

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 its over-supply. 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, in 2019, China's acetone consumption was about 2.285 million tons, a rise of 17.18% year on year. The global production capacity of acetone was about 9.142 million tons, and about 90% of the production capacity was concentrated in Asia, the Americas, Europe, and Asia were estimated at 47%. Rising demand for phenols and acetones drove the cumene market.

Increasing 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 rising in the demand for cumene. For instance, in 2019, China's acetone consumption was about 2.285 million tons, a rise of 17.18% year on year. The global production capacity of acetone was about 9.142 million tons, and about 90% of the production capacity was concentrated in Asia, the Americas, Europe, and Asia were estimated at 47%. Thus, the increase in 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, 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 improve supply protection for INEOS plants in Gladbeck and Antwerp.

In September 2019, INEOS Enterprises, a UK-based multinational chemicals company, acquired Ashland Global Holdings Inc, for an undisclosed amount. With this acquisition, INEOS Enterprises aims at strengthening its wide range of corrosion-resistant fiberglass reinforced plastics and gel coats. Ashland Global Holdings Inc is a US-based chemicals company.

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.

Asia Pacific was the largest region in the cumene market in 2021. The Middle East was the second-largest region in the global cumene market. The regions covered in the global cumene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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 global cumene market is segmented -

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

2) By Application: Phenol, Acetone, Chromatography, Others

3) By End-User Industry: Paints Industry, Automotive Industry, Chemical Industry, Plastics Industry, Others

    Table Of Contents

    1. Executive Summary

    2. Cumene Market Characteristics

    3. Cumene Market Trends And Strategies

    4. Impact Of COVID-19 On Cumene

    5. Cumene Market Size And Growth

    5.1. Global Cumene Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Cumene Forecast Market, 2021-2026F, 2031F, $ 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-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Paints Industry

    Automotive Industry

    Chemical Industry

    Plastics Industry

    Other End-User Industry

    6.2. Global Cumene Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Phenol

    Acetone

    Chromatography

    Other Applications

    6.3. Global Cumene Market, Segmentation By Manufacturing Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Cumene Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Cumene Market

    9.1. China Cumene Market Overview

    9.2. China Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Cumene Market

    10.1. India Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Cumene Market

    11.1. Japan Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Cumene Market

    12.1. Australia Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Cumene Market

    13.1. Indonesia Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Cumene Market

    14.1. South Korea Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Cumene Market

    15.1. Western Europe Cumene Market Overview

    15.2. Western Europe Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Cumene Market

    16.1. UK Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Cumene Market

    17.1. Germany Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Cumene Market

    18.3. France Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Cumene Market

    19.1. Eastern Europe Cumene Market Overview

    19.2. Eastern Europe Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Cumene Market

    20.1. Russia Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Cumene Market

    21.1. North America Cumene Market Overview

    21.2. North America Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Cumene Market

    22.1. USA Cumene Market Overview

    22.2. USA Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Cumene Market

    23.1. South America Cumene Market Overview

    23.2. South America Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Cumene Market

    24.1. Brazil Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Cumene Market

    25.1. Middle East Cumene Market Overview

    25.2. Middle East Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Cumene Market

    26.1. Africa Cumene Market Overview

    26.2. Africa Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Cumene Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Cumene Market, Segmentation By Manufacturing Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Cumene Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Cumene Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: China, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: India, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Japan, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Australia, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Indonesia, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: South Korea, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Western Europe, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: UK, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Germany, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: France, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Russia, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: North America, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: USA, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South America, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Brazil, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Middle East, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Africa, Cumene Market, Segmentation By End-User industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Royal Dutch Shell Plc. Financial Performance
  • Table 28: Exxon Mobil Corporation Financial Performance
  • Table 29: BP Plc. Financial Performance
  • Table 30: Sumitomo Chemical Co Ltd Financial Performance
  • Table 31: BASF SE Financial Performance

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