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Cumene Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024

Cumene

The “Cumene Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Cumene industry. The information available in the Cumene market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Cumene market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Cumene Market:

  • Braskem
  • Cepsa
  • Domo Chemicals
  • ExxonMobil Corporation
  • INEOS
  • Total SA
  • Royal Dutch Shell PLC
  • Sumitomo Chemical Co.
  • JXTG Nippon Oil and Energy Corporation
  • Prasol Chemicals Pvt Ltd

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    Market Overview:

  • The global cumene market is expected to register a CAGR of over 4% during the forecast period, 2019 – 2024. The major factors driving the market studied include increasing demand for phenol from the plastic industry and increasing use of acetone as a solvent. Harmful effect, due to extended exposure, is expected to significantly hinder the growth of the market studied.
  • – Asia-Pacific is expected to dominate the global market during the forecast period.
  • – Increasing investments for new capacity additions are likely to act as opportunities in the future.<

    Scope of the Report:

  • This report studies the global Cumene market size, industry status and forecast, competition landscape and growth opportunity.

    Reasons for Buying Cumene Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Growing Usage in Acetone Application

    – More than 95% of the global acetone production is used as a by-product of phenol production, which involves the use of cumene.
    – Acetone is used in a wide range of applications, such as the manufacturing of methyl methacrylate (MMA) & BPA, and as a solvent in the pharmaceutical and cosmetics industries.
    – MMA is widely used for the production of PMMA resins, which are increasingly being used for the production of acrylic sheets in the construction industry. Automotive parts and medical devices are other applications of MMA.
    – Due to the increase in demand for acetone globally and the setting up of new phenol/acetone production facilities, the cumene market is expected to witness a high growth rate during the forecast period.

    China to Dominate the Demand in Asia-Pacific Region

    – The demand for cumene in China is expected to rise at a great pace, due to the increase in demand for phenol and acetone.
    – The demand for acetone is increasing at a fast rate in the country as a solvent and an intermediate for the production of PMMA used in automotive and medical industries after the extrusion and molding compounds.
    – To increase the domestic supply, the China National Offshore Oil Corporation (CNOOC) and Shell have planned to commission a 350,000 metric ton per year of phenol/acetone unit, which is likely to produce around 10,000 metric ton of acetone and 18,000 metric ton of phenol per month.
    – The China Petrochemical Development Corporation (CPDC) announced to start a 150,000 metric ton per year phenol-feed cyclohexanone unit in 2018.
    – The increase in investments for the production of acetone and phenol is likely to increase the demand for cumene in China at a high rate in the coming years.

    Cumene Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Cumene Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Increasing Demand for Phenol from the Plastic Industry
    4.1.2 Increasing Use of Acetone as a Solvent
    4.2 Restraints
    4.2.1 Harmful Effect due to Extended Exposure
    4.2.2 Other Restraints
    4.3 Industry Value-Chain Analysis
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Feedstock Analysis
    4.6 Technological Snapshot
    4.7 Trade Analysis
    4.8 Price Index
    4.9 Regulatory Policy Analysis

    5 MARKET SEGMENTATION
    5.1 Application
    5.1.1 Phenol
    5.1.2 Acetone
    5.1.3 Paints and Enamels
    5.1.4 High-octane Aviation Fuels
    5.1.5 Other Applications
    5.2 Manufacturing Process
    5.2.1 Aluminum Chloride Catalyst
    5.2.2 Solid Phosphoric Acid (SPA) Catalyst
    5.2.3 Zeolite Catalyst
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.1.1 China
    5.3.1.2 India
    5.3.1.3 Japan
    5.3.1.4 South Korea
    5.3.1.5 Rest of Asia-Pacific
    5.3.2 North America
    5.3.2.1 United States
    5.3.2.2 Canada
    5.3.2.3 Mexico
    5.3.3 Europe
    5.3.3.1 Germany
    5.3.3.2 United Kingdom
    5.3.3.3 Italy
    5.3.3.4 France
    5.3.3.5 Rest of Europe
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Braskem
    6.4.2 Cepsa
    6.4.3 Domo Chemicals
    6.4.4 ExxonMobil Corporation
    6.4.5 INEOS
    6.4.6 Total SA
    6.4.7 Royal Dutch Shell PLC
    6.4.8 Sumitomo Chemical Co.
    6.4.9 JXTG Nippon Oil and Energy Corporation
    6.4.10 Prasol Chemicals Pvt Ltd

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Increasing Investments for New Capacity Additions

     

    Contact Us:

    Name: Ajay More

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    Email: [email protected]

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