Market Analysis:
Cumene is a volatile, flammable, high boiling, and an organic compound with gasoline-like odor. It naturally occurs in coal tar and crude oil and is a blending component in gasoline. Commercially, Friedel-Crafts alkylation is used for the manufacturing of cumene.
The various technology to manufacture cumene include into zeolite catalyst based, solid phosphoric acid, and aluminum chloride. Among these, the cumene production with the zeolite as a catalyst is the leading segment under the production technology category due to its regenerative nature which can be used for several cycles. Additionally, the use of zeolite reduces the water disposable problems associated with solid phosphoric acid, and aluminum chloride. Moreover, the use of cumene as a component of high fuel octane is further driving the market growth due to its application in automotive and transportation sector.
The global cumene market is majorly driven by its application as a chemical intermediate to produce phenol and acetone. The phenol and its derivatives produced from cumene accounted to have the major share due to wide applications in various end-use industries such as electrical & electronics, automotive, paints & coatings, cosmetics, and others. The cumene is further used as a solvent for paints, lacquers, and enamels which find their uses in automotive and furniture.
Cumene Market Top Manufacturers:
Some of the prominent manufacturers in the global cumene market are
- BASF SE (Germany),
- The Dow Chemical Company (U.S.),
- SABIC (Saudi Arabia)
- Exxon Mobil Corporation (U.S.),
- Royal Dutch Shell Plc. (Netherlands),
- Sumitomo Chemical Co. Ltd (Japan),
- Westlake Chemical Corporation (U.S.),
- Taiwan Cement Corp. (Taiwan),
- Braskem (Brazil),
- China Petrochemical Corporation (China),
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Cumene Market Segmentation:
The global cumene market is segmented on the basis of the product, production technology, application, and region.
By the product, the global cumene market is categorized into phenol and acetone.
Based on the production technology, the global cumene market is further segmented into zeolite catalyst based, solid phosphoric acid, and aluminum chloride.
The application segment of the global cumene market is segregated into chemical intermediate and solvent.
The global cumene market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Printing Methodology
3.1 Research Production Technology
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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Global Cumene Market Geographical Overview:
The global cumene market is spanned across five regions Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The Asia Pacific is expected to lead the global cumene market due to the high demand for phenolic based products used for various applications such as electronics, paints & coatings, automotive, and others in countries such as China, India, and Japan.
The U.S. is the major contributor to the North American market due to the high use of cumene based products in electronics such as laptops, smartphones, and others.
Europe is likely to witness a substantial market growth due to the increasing demand for cumene from plastics and composites industries.
Latin American and the Middle East & Africa are other significant regions in the cumene market primarily driven by the growing automotive sector and consumer electronics respectively.
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