Cumene Market Application, Type, Customer Segments, and Top Key Players

Cumene Market Report, published by Allied Market Research, forecasts that the global market was valued at $16,330 million in 2015, and is expected to reach $25,089 million by 2022, supported by a CAGR of 6.5% during the forecast period 2016 to 2022. The phenol/acetone segment accounted for the highest share in the global market in 2015.

Cumene is a clear and colorless liquid with an aromatic odor, and is a constituent of finished fuels and crude oil. It has a molecular weight of 120.2 (g/mol) with a boiling point of 152153C and melting point of -96C. It is used in petroleum products, and as a thinner for paints, lacquers, enamels, and high octane fuels, and production of acetophenone, acetone, methylstyrene, and phenol. In addition, it is used in the production of acetophenone, acetone, methylstyrene, and phenol.

Growth in population and rise in income levels present numerous opportunities for the market expansion. Moreover, development of the overall chemical industry globally and rise in demand for phenolic resins are further anticipated to boost the overall growth. In addition, increase in production of bisphenol-A for the production of polycarbonate & epoxy resins and growth in demand for phenol in the production of composites, plastics, and laminates are anticipated to supplement the global market. However, volatile prices of crude oil and hazardous health effects of cumene are some factors anticipated to hamper the overall growth.

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The phenol/acetone segment accounted for the highest share, in terms of volume, in 2015. In response to the perennial modifications in the paints & coatings industry, efficient thinners are in demand globally. Thus, increase in requirement of cumene as a thinner and rise in the use of phenol-based composites and plastics fuel the demand globally.

Key findings of Cumene Market:

• The phenol/acetone segment is anticipated to grow at the highest CAGR during the analysis period.

• Asia-Pacific is projected to maintain its lead position from 2016 to 2022, growing at a CAGR of 4.9%, in terms of volume.

• China occupied around one-third share of the Asia-Pacific market in 2015.

• In terms of value, UK is expected to grow at a significant CAGR of 5.9%.

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Top key players :

• Royal Dutch Shell Plc.
• Exxon Mobil Corporation
• Total S.A.
• BP Plc.
• Sumitomo Chemical Co.
• Axiall Corporation
• SABIC
• BASF SE
• The Dow Chemical Company
• JX Nippon Oil.

Table of content:

Chapter: 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

Chapter: 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

Chapter: 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Growth in demand for phenol/acetone and their derivatives
3.4.1.2. Upsurge in use of phenolic resins
3.4.1.3. Increasing growth of plastics and composites industry

3.4.2. Restraints

3.4.2.1. Rising material costs
3.4.2.2. Hazardous health effects of cumene

3.4.3. Opportunities

3.4.3.1. Increasing growth of chemical manufacturing

3.4. MARKET SHARE ANALYSIS, 2015

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