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PUBLISHER: IMARC | PRODUCT CODE: 1541056
PUBLISHER: IMARC | PRODUCT CODE: 1541056
Cumene Market Report by Manufacturing Process (Aluminum Chloride Catalyst, Solid Phosphoric Acid Catalyst, Zeolite Catalyst), Application, End Use Industry, and Region 2024-2032
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The global cumene market size reached US$ 21.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 30.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032.
Cumene, or isopropyl benzene, refers to an inflammable organic compound derived from the aliphatic substitution of aromatic hydrocarbons. It is a crucial component in the manufacturing of refined crude oil and fuels and is also used as a chemical base to produce cumene hydroperoxide, phenol and acetone. It is also utilized in the manufacturing of various petroleum-based products, such as thinners, additives, enamels, lacquers, adhesives, sealants and solvents in paints. As a result, it finds extensive applications across various industries, such as chemical, petrochemical, plastic and oil and gas.
Significant growth in the plastic industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the widespread adoption of acetone as an industrial solvent is providing a thrust to the market growth. Acetone is a widely used as a by-product of cumene that is further used in the manufacturing of bisphenol A (BPA) and methyl methacrylate (MMA) in various pharmaceutical and cosmetic products. It is also a natural component of coal tar and crude oil and can be used as a blending component in gasoline. In line with this, cumene is also used to produce acrylic sheets, laminates and composites, which are extensively utilized in construction, automotive and medical applications. Additionally, various product innovations, such as the development of food-grade cumene for polycarbonate plastic-based containers and bottles, are contributing to the market growth. Other factors, including rapid industrialization, along with the increasing consumer demand for high octane cumene-derivatives, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cumene market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on manufacturing process, application, and end use industry.
Breakup by Manufacturing Process:
Aluminum Chloride Catalyst
Solid Phosphoric Acid (SPA) Catalyst
Zeolite Catalyst
Breakup by Application:
Phenol
Acetone
Paints and Enamels
High-octane Aviation Fuels
Others
Breakup by End Use Industry:
Plastics Industry
Automotive Industry
Chemical Industry
Paint Industry
Rubber Industry
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Borealis AG, ExxonMobil Corporation, INEOS Capital Limited, LG Chem Ltd., Merck KGaA, Royal Dutch Shell plc, Saudi Basic Industries Corporation, Sumitomo Chemical Co. Ltd, The Dow Chemical Company (Dow Inc.) and Versalis S.p.A. (Eni S.p.A).
Key Questions Answered in This Report
- 1. What was the size of the global cumene market in 2023?
- 2. What is the expected growth rate of the global cumene market during 2024-2032?
- 3. What are the key factors driving the global cumene market?
- 4. What has been the impact of COVID-19 on the global cumene market?
- 5. What is the breakup of the global cumene market based on the manufacturing process?
- 6. What is the breakup of the global cumene market based on the application?
- 7. What is the breakup of the global cumene market based on the end use industry?
- 8. What are the key regions in the global cumene market?
- 9. Who are the key players/companies in the global cumene market?
Product Code: SR112024A4250
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Cumene Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Manufacturing Process
- 6.1 Aluminum Chloride Catalyst
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Solid Phosphoric Acid (SPA) Catalyst
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Zeolite Catalyst
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Phenol
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Acetone
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Paints and Enamels
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 High-octane Aviation Fuels
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Plastics Industry
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Automotive Industry
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Chemical Industry
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Paint Industry
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Rubber Industry
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 BASF SE
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Borealis AG
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 ExxonMobil Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 INEOS Capital Limited
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 SWOT Analysis
- 14.3.5 LG Chem Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Merck KGaA
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Royal Dutch Shell plc
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 SWOT Analysis
- 14.3.8 Saudi Basic Industries Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Sumitomo Chemical Co. Ltd
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 The Dow Chemical Company (Dow Inc.)
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Versalis S.p.A. (Eni S.p.A)
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 SWOT Analysis
- 14.3.1 BASF SE
Product Code: SR112024A4250
List of Figures
- Figure 1: Global: Cumene Market: Major Drivers and Challenges
- Figure 2: Global: Cumene Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Cumene Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Cumene Market: Breakup by Manufacturing Process (in %), 2023
- Figure 5: Global: Cumene Market: Breakup by Application (in %), 2023
- Figure 6: Global: Cumene Market: Breakup by End Use Industry (in %), 2023
- Figure 7: Global: Cumene Market: Breakup by Region (in %), 2023
- Figure 8: Global: Cumene (Aluminum Chloride Catalyst) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Cumene (Aluminum Chloride Catalyst) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Cumene (Solid Phosphoric Acid (SPA) Catalyst) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Cumene (Solid Phosphoric Acid (SPA) Catalyst) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Cumene (Zeolite Catalyst) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Cumene (Zeolite Catalyst) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Cumene (Phenol) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Cumene (Phenol) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Cumene (Acetone) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Cumene (Acetone) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Cumene (Paints and Enamels) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Cumene (Paints and Enamels) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Cumene (High-octane Aviation Fuels) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Cumene (High-octane Aviation Fuels) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Cumene (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Cumene (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Cumene (Plastics Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Cumene (Plastics Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Cumene (Automotive Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Cumene (Automotive Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Cumene (Chemical Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Cumene (Chemical Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Cumene (Paint Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Cumene (Paint Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Cumene (Rubber Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Cumene (Rubber Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Cumene (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Cumene (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: North America: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: North America: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: United States: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: United States: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Canada: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Canada: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Asia-Pacific: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Asia-Pacific: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: China: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: China: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Japan: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Japan: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: India: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: India: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: South Korea: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: South Korea: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Australia: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Australia: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Indonesia: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Indonesia: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Others: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Others: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Europe: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Europe: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Germany: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Germany: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: France: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: France: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: United Kingdom: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: United Kingdom: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Italy: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Italy: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Spain: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Spain: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Russia: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Russia: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Latin America: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Latin America: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Brazil: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Brazil: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Mexico: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Mexico: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Others: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Others: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Middle East and Africa: Cumene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 83: Middle East and Africa: Cumene Market: Breakup by Country (in %), 2023
- Figure 84: Middle East and Africa: Cumene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 85: Global: Cumene Industry: SWOT Analysis
- Figure 86: Global: Cumene Industry: Value Chain Analysis
- Figure 87: Global: Cumene Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Cumene Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Cumene Market Forecast: Breakup by Manufacturing Process (in Million US$), 2024-2032
- Table 3: Global: Cumene Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Cumene Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
- Table 5: Global: Cumene Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Cumene Market: Competitive Structure
- Table 7: Global: Cumene Market: Key Players
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