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Cumene Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Starting Price : $4000 | Pages : 175 | Published : January 2021 | 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 colorlesscolourless, flammable liquid and has a penetrating gasoline-like odor.

The global cumene market is expected to grow from $15.97 billion in 2020 to $18.34 billion in 2021 at a compound annual growth rate (CAGR) of 14.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $17.63 billion in 2025 at a CAGR of -1%.

The cumene market covered in this report is segmented by end-user industry into paints industry, automotive industry, chemical industry, plastics industry and others.

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 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.

Cumene is used as a feed-stock in the production of phenol and acetone.Thus, strong demand for phenols and acetones has resulted in rise 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 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 covered 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, CEPSA, Chang Chun Group, Domo investment group, Braskem, SABIC, JX Nippon Oil, KMG Chemicals, CNPC, China Petrochemical Development Corporation, Koch Industries, Mitsui & Co. Ltd., Eni Spa, Sunoco, Aramco Services Company, Flint Hills Resources LP, Guangzhou VA-SO Plastics Co., Ltd., Axiall Corporation, Sigma-Aldrich, Total S.A., Borealis AG, JXTG Nippon Oil and Energy Corporation, Shell Corp. LLC.

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

The regions covered in the global cumene market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

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

    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, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Cumene Forecast Market, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    Paints industry

    Automotive industry

    Chemical industry

    Plastics industry and others

    6.2. Global Cumene Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

     Phenol  

    Acetone

    Chromatography

    Others

    6.3. Global Cumene Market, Segmentation  By Manufacturing Process, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Cumene Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Cumene Market  

    9.1. China Cumene Market Overview  

    9.2. China Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Cumene Market  

    10.1. India Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Cumene Market  

    11.1. Japan Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Cumene Market  

    12.1. Australia Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Cumene Market  

    13.1. Indonesia Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Cumene Market  

    14.1. South Korea Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Cumene Market  

    16.1. UK Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Cumene Market  

    17.1. Germany Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Cumene Market  

    18.3. France Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Cumene Market  

    20.1. Russia Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Cumene Market  

    22.1. USA Cumene Market Overview

    22.2. USA Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Cumene Market  

    24.1. Brazil Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Cumene Market  

    26.1. Africa Cumene Market Overview

    26.2. Africa Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Cumene Market, Segmentation  By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Cumene Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Cumene Market, Segmentation  By Manufacturing Process, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Cumene Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Global Cumene Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: China, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: India, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Japan, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Australia, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: Indonesia, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: South Korea, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: Western Europe, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: UK, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: Germany, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: France, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: Russia, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: North America, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: USA, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: South America, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Brazil, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Middle East, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 26: Africa, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Cumene Market, Segmentation  By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Cumene Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Cumene Market, Segmentation  By Manufacturing Process, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Cumene Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Global Cumene Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: China, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: India, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Japan, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Australia, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: Indonesia, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: South Korea, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: Western Europe, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: UK, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: Germany, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: France, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: Russia, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: North America, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: USA, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: South America, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Brazil, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Middle East, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 26: Africa, Cumene Market, Segmentation By End-user industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 27: Royal Dutch Shell Plc. Financial Performance
  • Figure 28: Exxon Mobil Corporation Financial Performance
  • Figure 29: BP Plc. Financial Performance
  • Figure 30: Sumitomo Chemical Co Ltd Financial Performance
  • Figure 31: BASF SE Financial Performance
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