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Global Cumene Market Size, Share, Analysis, Trends, Forecast: By Manufacturing Process: Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, Zeolite Catalyst; By Application: Phenol, Acetone, Paints and Enamels, High-octane Aviation Fuels, Others; By End Use Industry; Regional Analysis; Competitive Landscape; 2024-2032
Cumene Market Share by Region
The Asia Pacific to account for a substantial share of the market
The expansion of various industries, particularly plastic, and the multi-faceted application of cumene is accelerating the market growth of cumene in the Asia Pacific region. The increasing imports of petroleum and production of diverse petroleum products in countries such as China are leading to the market development of cumene.
Asian countries like China and India are some of the major consumers of the chemical due primarily to rapid industrialisation and the growth of several industries. These countries also have well-established industrial sectors and are witnessing further technological developments. Domestic manufacturers often engage in strategic partnerships, expansions, and research and development activities to enhance their market presence.
Moreover, the government initiatives towards boosting the production of chemicals such as cumene for providing raw materials to several end-use sectors, are driving the market growth. For instance, in March 2021, the Government of India announced that it is considering the construction of Nayara Energy, a petrochemical project to produce petrochemicals such as cumene, at Vadinar, Gujarat. Further, the plant expansions of cumene and its end products such as phenol by leading market players are expected to enhance the cumene market value in the forecast period.
Cumene Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cumene Market Analysis
8.1 Key Industry Highlights
8.2 Global Cumene Historical Market (2018-2023)
8.3 Global Cumene Market Forecast (2024-2032)
8.4 Global Cumene Market by Manufacturing Process
8.4.1 Aluminum Chloride Catalyst
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Solid Phosphoric Acid (SPA) Catalyst
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Zeolite Catalyst
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Cumene Market by Application
8.5.1 Phenol
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Type
8.5.1.3.1 Phenol Resins
8.5.1.3.2 Caprolactam
8.5.1.3.3 Bisphenol A
8.5.1.3.4 Alkyl phenols
8.5.1.3.5 Others
8.5.2 Acetone
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Breakup by Type
8.5.2.3.1 Solvent Use
8.5.2.3.2 Methyl Methacrylate
8.5.2.3.3 Aldol Chemicals
8.5.2.3.4 Others
8.5.3 Paints and Enamels
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 High-octane Aviation Fuels
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Cumene Market by End Use Industry
8.6.1 Plastics Industry
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Automotive Industry
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Chemical Industry
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Paint Industry
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Rubber Industry
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Cumene Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Cumene Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cumene Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cumene Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cumene Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cumene Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code- 290270)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Braskem S.A.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Lummus Technology
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Domo Chemicals GmbH
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Exxon Mobil Corporation
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Borealis AG
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Sumitomo Corporation
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 ENEOS Holdings, Inc.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Cumene Market: Key Industry Highlights, 2018 and 2032
2. Global Cumene Historical Market: Breakup by Manufacturing Process (USD Billion), 2018-2023
3. Global Cumene Market Forecast: Breakup by Manufacturing Process (USD Billion), 2024-2032
4. Global Cumene Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Cumene Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Cumene Historical Market: Breakup by End Use Industry (USD Billion), 2018-2023
7. Global Cumene Market Forecast: Breakup by End Use Industry (USD Billion), 2024-2032
8. Global Cumene Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Cumene Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Cumene Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Cumene Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Cumene Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Cumene Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Cumene Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Cumene Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Cumene Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Cumene Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Cumene Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Cumene Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. North America Historical Price Trends and Forecast 2018-2028
25. Europe Historical Price Trends and Forecast 2018-2028
26. Asia Pacific Historical Price Trends and Forecast 2018-2028
27. Latin America Historical Price Trends and Forecast 2018-2028
28. Middle East and Africa Historical Price Trends and Forecast 2018-2028
29. Global Cumene Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.50% between 2024 and 2032.
The major industry drivers include growing utilisation of cumene in the production of phenol and acetone, rising demand for plastics, and the production of diverse petrochemical products.
The key industry trends guiding the market growth are increasing application of cumene in various end-use industries, government initiatives in boosting the production of cumene, and investments made by industry players in expanding the cumene production plants.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different market divisions, based on manufacturing process, include aluminum chloride catalyst, solid phosphoric acid (SPA) catalyst, and zeolite catalyst.
The various applications of the product are phenol, acetone, paints and enamels, and high-octane aviation fuels, among others.
The major market divisions, based on end use industry, include plastics industry, automotive industry, chemical industry, paint industry, and rubber industry, among others.
The major players in the industry are Braskem S.A., Lummus Technology, Domo Chemicals GmbH, Exxon Mobil Corporation, Borealis AG, Sumitomo Corporation, and ENEOS Holdings, Inc., among others.
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