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Global Cumene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030

Global Cumene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030

  • April 2020
  • 155 pages
  • ID: 5888083
  • Format: PDF
  • ChemAnalyst

Summary

Table of Contents

Global Cumene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030

Cumene witnessed a strong demand in 2019 and is anticipated to achieve an impressive CAGR of 4.03% during the forecast period. Sudden onset of the global pandemic COVID-19 has caused demand for cumene to decline in international market leading to low demand for Phenol and Acetone that is derived from Cumene. The demand of cumene is expected to recover in the Q1 of 2022.

Cumene, also known as Isopropyl benzene, is a colorless liquid which is insoluble in water.It is produced majorly by 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 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 material 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. Cumene consumption is reportedly the highest in Europe and North America. However, APAC region ha growing demand of cumene for 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.

Years Considered for this Report:

Historical Years: 2013 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 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.
• 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 Global Cumene market.
• To identify major news, deals and expansion plans in Global Cumene market.

CEPSA, INEOS Phenol, Sunoco Inc., Georgia Gulf, Flint Hills Resources, Koch Petroleum, Shell Chemical, Mitsui Chemicals, Chang Chun Group, Citgo Petroleum Corporation are some of the leading players operating in the Global Cumene market.
To extract data for 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, the analyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the analyst analyzed various end user segments and projected a positive outlook for Global Cumene market over the coming years.

The analyst calculated Cumene global demand by analyzing the historical data and demand forecast was carried out considering Benzene prices.The analyst 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.

Key Target Audience:

• Cumene manufacturers and other stakeholders
• Organizations, forums and alliances related to Cumene distribution
• Government bodies such as regulating authorities and policy makers
• 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.

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:
Market, by End Use - Phenol/Acetone, Others
Market, by Sales Channel - Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region - North America, APAC, Europe, MEA, South America
Market, by Region:
North America - United States, Mexico, Canada
APAC - China, India, Japan, South Korea, Singapore, Indonesia, Thailand
Europe - Germany, Russia, France, United Kingdom, Spain, Italy
MEA - Saudi Arabia, UAE, South Africa
South America - Brazil, Argentina, Chile

Competitive Landscape

Competition Outlook: Outlook of leading 10 players based on product portfolio, market pricing, average selling price, sales footprint, etc.
Company Profiles: Detailed analysis of the major companies operating in the Global Cumene market.

Available Customizations: 
 
With the given market data, the analyst offers customizations according to a company’s specific needs. 

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