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Cumene Market Size, Share, Analysis Growth, 2030

Cumene is one of the major raw materials that is used to produce different derivatives from Phenol and Acetone like Methyl methacrylate (MMA) and Polymethyl methacrylate (PMMA) and also as solvents in paints and inks. The rise in the demand for phenolic resins and bisphenol-A is one of the major factors that are anticipated to support the growth of the market in the upcoming five years.

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Cumene Market Size, Share, Analysis Growth, 2030

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  1. Cumene Market Analysis: Plant Capacity, Production, Cumene Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Operating Efficiency, Technology, Process, Demand & Supply, End Supply, End- -User Industries, Distribution Channel, User Industries, Distribution Channel, Regional Demand, 2015 Regional Demand, 2015- -2030 2030

  2. Cumene demand is anticipated to achieve an impressive CAGR of 4.09% after a fall in consumption during 2020 due to the Covid-19 outbreak. The sudden onset of the global pandemic COVID-19 has caused demand for Cumene to decline in the international market, leading to low demand for Phenol and Acetone that is derived from Cumene. The demand for Cumene is expected to recover in the Q1 of 2022. Cumene, also known as Isopropyl benzene, is a colorless liquid that is insoluble in water. It is produced majorly by the alkylation of benzene. UOP Technology is the most sought-after technology for the production of Cumene in the world. Cumene is used to manufacture Phenol, Acetone, Acetophenone, and Methyl Styrene. Approximately 95% of the Cumene produced is used for the manufacture of phenol and acetone, and the rest is used as a solvent in thinners, resins, and enamels. It can also be used in the manufacture of Rubber, Iron and Steel, and Paper and Pulp. Cumene is one of the major raw materials that is used to produce different derivatives from Phenol and Acetone like Methyl methacrylate (MMA) and Polymethyl methacrylate (PMMA) and also as solvents in paints and inks. The rise in the demand for phenolic resins and bisphenol-A is one of the major factors that are anticipated to support the growth of the market in the upcoming five years. The recent trends of the market see increased consumption of acetone and its derivatives also, adhesive and sealant chemicals that use isopropyl benzene would aid to the further market growth. Increasing material cost may put a mild restraint over the growth of the market in the next five years although, the growth drivers of the market would be able to compensate for the restraint in the future. Cumene consumption is reportedly the highest in Europe and North America. However, the APAC region has a growing demand for Cumene for the production of Acetone and Phenol. Cumene’s multi-faceted application across several industries is expected to push demand for the product to unprecedented levels during the forecast period. Cumene consumption is reportedly the highest in Europe and North America. Regional Outlook: However, the APAC region has a growing demand for Cumene for the production of Acetone and Phenol. Cumene’s multi-faceted application across several industries is expected to push demand for the product to unprecedented levels during the forecast period.

  3. Market Key Players: • CEPSA • INEOS Phenol • Sunoco Inc. • Georgia Gulf • Flint Hills Resources • Koch Petroleum • Shell Chemical • Mitsui Chemicals • Chang Chun Group • Citgo Petroleum Corporation

  4. Years Considered for this Report: Historical Years: 2015 – 2019 Base Year: 2020 Estimated Year: 2021 Forecast Period: 2022 – 2030 Objective of the Study: The primary objective of the study was to evaluate and forecast Cumene capacity, production, demand and demand – supply gap globally.

  5. • • • • • • To categorize Cumene demand based on end-use, region and sales channel. To study company shares in Global Cumene market. To identify major customers of Cumene globally. To evaluate and forecast Cumene pricing in Global Cumene market. To identify and profile major companies operating in the Global Cumene market. To identify major news, deals and expansion plans in the Global Cumene market. To extract data for the Global Cumene market, primary research surveys were conducted with Cumene manufacturers, suppliers, distributors, wholesalers and end-users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end-user segments and projected a positive outlook for Global Cumene market over the coming years. ChemAnalyst calculated Cumene global demand by analyzing the historical data and demand forecast was carried out considering Benzene prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. Key TargetAudience: • Cumene manufacturers and other stakeholders • Organizations, forums and alliances related to Cumene distribution • Government bodies such as regulating authorities and policymakers • Market research and consulting firms The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Cumene manufacturers, distributors, importers and end-users. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

  6. Report Scope: In this report, the Global Cumene market has been segmented into following categories, in addition to the industry trends which have also been detailed below: Attribute Growth Rate Base year for estimation Historic Data Forecast period Quantitative units Report coverage Details CAGR of 4.09% from 2021 to 2030 2020 2015 – 2019 2022 – 2030 Demand in tons and CAGR from 2021 to 2030 Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends By End-Use: (Phenol/Acetone, Others) By Sales Channel: (Direct/Institutional Sales, Indirect Sales) By Region: (North America, APAC, Europe, MEA, South America) Segments covered Regional scope Country scope North America; Europe; Asia Pacific; South America; Middle East & Africa United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina Key companies profiled CEPSA, INEOS Phenol, Sunoco Inc., Georgia Gulf, Flint Hills Resources, Koch Petroleum, Shell Chemical, Mitsui Chemicals, Chang Chun Group, Citgo Petroleum Corporation, and others Customization scope Free report customization with purchase. Addition or alteration to country, regional & segment scope. Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options

  7. TABLE OF CONTENTS: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. MEA Cumene Demand Outlook, 2015-2030, By Volume 11. South America Cumene Market Outlook, 2015-2030 12. South America Cumene Demand Outlook, 2015-2030, By Volume 13. Country-wise Import 14. Country-wise Export 15. News and Deals Global Cumene Market Outlook, 2015-2030 Global Cumene Demand Outlook, 2015-2030, By Volume North America Cumene Market Outlook, 2015-2030 North America Cumene Demand Outlook, 2015-2030, By Volume Asia Pacific Cumene Market Outlook, 2015-2030 Asia Pacific Cumene Demand Outlook, 2015-2030, By Volume Europe Cumene Market Outlook, 2015-2030 Europe Cumene Demand Outlook, 2015-2030, By Volume MEA Cumene Market Outlook, 2015-2030

  8. Methodology ChemAnalyst identify firm planned capacities, planned expansions and closures in identified geographies and also provide list of idling capacities wherever applicable. ChemAnalyst derive segment-wise product demand profile based on past user industry data, capacity utilization & year-wise growth rates for last 10 years including current year. Finally, ChemAnalyst project future growth considering potential new applications up to next 15 years, along with detailed basis / assumption for arriving at the projected growth rates. Current sources of products’ import along with logistics details of shipping aspect, inland transportation and cost details has been taken through primary research. Export destinations to be targeted based on market study have been listed. Details of shipping aspect, inland transportation and cost details etc. will be based on primary research. Demand = Production + Import – Export – Inventory Demand Supply Gap = Production - Demand ChemAnalyst Research perform periodical checks on data being collected through surveys with logic checks and analyze survey results and data generated through its proprietary database. ChemAnalyst will also use data triangulation technique to fill the gaps and to present the more meaning picture of the market. ChemAnalyst will deliver the final comprehensive project report in online digital format.

  9. Our Prestigious Clients Who Bought Reports in Chemical Industry

  10. About Us & Disclaimer ChemAnalyst Research is a global market research and consulting company with offices in the US, Indonesia and Indonesia. ChemAnalyst Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by- state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Asia-Pacific Europe North America B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@chemanalyst.com www.chemana;yst.com 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@chemanalyst.com www.chemana;yst.com 420 Lexington Avenue, Suite 300, New York, NY, United States, 10170 Email: sales@chemanalyst.com www.chemana;yst.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. Techsci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, Techsci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of Techsci Research

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