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Global Cumene Market 2017-2021

  • Published: Oct 2017
  • Pages: 70
  • SKU: IRTNTR15205
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This market research study identifies BP, China Petroleum & Chemical Corporation, ExxonMobil, Royal Dutch Shell, and The Dow Chemical as the leading players in the global cumene market. A comprehensive analysis of this market is also presented by application (phenol, acetone, and others) and by geography (the Americas, APAC, Europe, and Middle East and Africa).

Overview of the global cumene market

Acetone is extensively used in coating applications in the US because it is a nonvolatile organic compound. Manufacturers are induced to use acetone and p-chlorobenzotrifluoride (PCBTF)-based solvents over traditional solvents since they avoid the emission of hazardous air pollutants (HAPs) and volatile organic compounds (VOC). Acetone is used for various applications such as nitrocellulose wood coatings, automotive refinish coatings, air-drying and baking alkyd enamels for metal, aerosol coatings, and paint strippers. The increased usage of acetone in coating and solvent applications will be one of the primary factors driving the growth of the cumene market during the next few years. Technavio’s market research analysts predict that this global market will post a revenue of more than USD 22.9 billion by 2021.

Product blending is carried out to ensure the compatibility of all product demands and specifications at the minimal cost and to produce products to maximize the overall profit. Gasoline, heating oils, jet fuels, and diesel fuels are the major products currently manufactured using the blending technique. The usage of cumene as a blending component will avoid benzene restrictions in gasoline. To reduce the emission of benzene in the environment, the recent years witnessed the introduction of several regulations to limit the benzene content in gasoline in powered vehicles. This will subsequently drive the utilization of cumene as a blending component in the gasoline pool, which according to this market research report, will be one of the key trends that will stimulate the growth of the cumene market during the next few years. 

Competitive landscape and key vendors

Characterized by the presence of many players, the cumene market appears to be fragmented. The regional vendors are present mainly in the regions with oil reserves such as the Middle East and APAC. Most of these players use cumene for the in-house production of phenol and acetone and only a very small amount is available for general applications, such as the manufacture of solvents and enamels.

Key vendors in this market are -

  • BP
  • China Petroleum & Chemical Corporation
  • ExxonMobil
  • Royal Dutch Shell
  • The Dow Chemical

Other prominent vendors in the market include Borealis, INEOS, JX Nippon Oil & Gas Exploration Corporation, SABIC, Sigma-Aldrich (Merck), Solvay, and Versalis.

Segmentation by application and analysis of the cumene market

  • Phenol
  • Acetone

The oxidation of cumene to cumene hydroperoxide (CHP) and acid-catalyzed CHP rift to phenol and acetone results in the formation of isopropylbenzene-to-phenol. Cumene is mainly used for the production of phenol and its derivatives such as caprolactam, bisphenol A (BPA), phenol resins, and alkyl phenols. Our analysts have predicted that the phenol segment will account for the maximum shares of the cumene market during the next few years.

Segmentation by geography and analysis of the cumene market

  • Americas
  • APAC
  • Europe
  • The Middle East and Africa

With the presence of the major consumers such as China, South Korea, Japan, and India, APAC contributed to the maximum shares of the cumene market during 2016. With the predicted establishment of new phenol production plants in Asia and the focus of producers such as KUMHO P&B CHEMICALS towards increasing their current production capacities, this region will continue to contribute for the maximum market shares during the next few years as well.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global cumene market?
  • What are the key market trends impacting the growth of the global cumene market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global cumene market?
  • What are the market opportunities and threats faced by the vendors in the global cumene market?
  • What are the trending factors influencing the market shares of the Americas, APAC, Europe, and Middle East and Africa?
  • What are the key outcomes of the five forces analysis of the global cumene market?

Technavio also offers customization on reports based on specific client requirement.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by application

  • Overview of global cumene market by application
  • Global cumene market by phenol
  • Global cumene market by acetone
  • Global cumene market by other applications

PART 07: Regional landscape

  • Overview of global cumene market by geography
  • Regional comparison
  • Cumene market in APAC – market size & forecast
  • Cumene market in Americas – market size & forecast
  • Cumene market in Europe – market size & forecast
  • Middle East and Africa – market size & forecast
  • Market opportunity

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Market challenges

PART 10: Market trends

  • Alternative phenol production processes using catalysts
  • Increased use of cumene as a blending component in gasoline pool
  • Increased phenol production capacity in APAC

PART 11: Vendor landscape

  • Competitive scenario
  • Key market vendors
  • Other prominent vendors

PART 12: Key vendor analysis

  • BP
  • China Petroleum & Chemical Corporation
  • ExxonMobil
  • Royal Dutch Shell
  • The Dow Chemical

PART 13: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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