Cumene Market SWOT Analysis by 2031
Cumene is an organic compound that is based on the aromatic hydrocarbon with an aliphatic substitution, and it is a constituent of crude oil and refined fuels. Increasing activities in bisphenol-A, phenolic resins, and polycarbonate are fuelling the growth of the cumene market. Rapid growth in construction, packaging, and pharmaceutical industry is rising the demand for phenol byproducts, which also boosts the growth of the cumene market.
MARKET DYNAMICS
Cumene finds significant applications in the production of phenol, followed by acetone and other industrial chemicals that drive the growth of the market. Growing use of cumene in adhesives and sealant chemicals propels the growth of the market. However, excessive exposure to cumene can cause health hazards such as unconsciousness, skin irritation, and headache that is the major restraint for the growth of the cumene market. Growing demand for phenol in various industries such as composites, plastics, laminates, and others is expected to drive the growth of the cumene market.
MARKET SCOPE
The "Global Cumene Market Analysis to 2031" is a specialized and in-depth study of the cumene industry with a special focus on the global market trend analysis. The report aims to provide an overview cumene market with detailed market segmentation by application, method type, and geography. The global cumene market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cumene market players and offers key trends and opportunities in the cumene market.
MARKET SEGMENTATION
The global cumene market is segmented on the basis of application, method type. On the basis of application the market is segmented as phenol, acetone, others. On the basis of method type the market is segmented as zeolite, aluminum chloride, and solid phosphoric acid.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cumene market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cumene market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cumene market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the cumene market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cumene market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cumene market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cumene market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the cumene market in these regions.
MARKET PLAYERS
The reports cover key developments in the cumene market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from cumene market are anticipated to lucrative growth opportunities in the future with the rising demand for cumene in the global market. Below mentioned is the list of few companies engaged in the cumene market.
The report also includes the profiles of key cumene companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Axiall Corporation
- BASF SE
- Dow Chemical Company
- ExxonMobil Corporation
- JX Holdings
- LG Chem Ltd.
- Royal Dutch Shell PLC
- SABIC
- Sumitomo Chemical Corporation
- Total S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cumene Market - By Application
1.3.2 Cumene Market - By Method Type
1.3.3 Cumene Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CUMENE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CUMENE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CUMENE MARKET - GLOBAL MARKET ANALYSIS
6.1. CUMENE - GLOBAL MARKET OVERVIEW
6.2. CUMENE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CUMENE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. PHENOL
7.3.1. Overview
7.3.2. Phenol Market Forecast and Analysis
7.4. ACETONE
7.4.1. Overview
7.4.2. Acetone Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. CUMENE MARKET - REVENUE AND FORECASTS TO 2028 - METHOD TYPE
8.1. OVERVIEW
8.2. METHOD TYPE MARKET FORECASTS AND ANALYSIS
8.3. ZEOLITE
8.3.1. Overview
8.3.2. Zeolite Market Forecast and Analysis
8.4. ALUMINUM CHLORIDE
8.4.1. Overview
8.4.2. Aluminum Chloride Market Forecast and Analysis
8.5. SOLID PHOSPHORIC ACID
8.5.1. Overview
8.5.2. Solid Phosphoric Acid Market Forecast and Analysis
9. CUMENE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cumene Market Overview
9.1.2 North America Cumene Market Forecasts and Analysis
9.1.3 North America Cumene Market Forecasts and Analysis - By Application
9.1.4 North America Cumene Market Forecasts and Analysis - By Method Type
9.1.5 North America Cumene Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Cumene Market
9.1.5.1.1 Canada Cumene Market by Application
9.1.5.1.2 Canada Cumene Market by Method Type
9.1.5.2 Mexico Cumene Market
9.1.5.2.1 Mexico Cumene Market by Application
9.1.5.2.2 Mexico Cumene Market by Method Type
9.1.5.3 US Cumene Market
9.1.5.3.1 US Cumene Market by Application
9.1.5.3.2 US Cumene Market by Method Type
9.2. EUROPE
9.2.1 Europe Cumene Market Overview
9.2.2 Europe Cumene Market Forecasts and Analysis
9.2.3 Europe Cumene Market Forecasts and Analysis - By Application
9.2.4 Europe Cumene Market Forecasts and Analysis - By Method Type
9.2.5 Europe Cumene Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cumene Market
9.2.5.1.1 Germany Cumene Market by Application
9.2.5.1.2 Germany Cumene Market by Method Type
9.2.5.2 France Cumene Market
9.2.5.2.1 France Cumene Market by Application
9.2.5.2.2 France Cumene Market by Method Type
9.2.5.3 Italy Cumene Market
9.2.5.3.1 Italy Cumene Market by Application
9.2.5.3.2 Italy Cumene Market by Method Type
9.2.5.4 United Kingdom Cumene Market
9.2.5.4.1 United Kingdom Cumene Market by Application
9.2.5.4.2 United Kingdom Cumene Market by Method Type
9.2.5.5 Russia Cumene Market
9.2.5.5.1 Russia Cumene Market by Application
9.2.5.5.2 Russia Cumene Market by Method Type
9.2.5.6 Rest of Europe Cumene Market
9.2.5.6.1 Rest of Europe Cumene Market by Application
9.2.5.6.2 Rest of Europe Cumene Market by Method Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cumene Market Overview
9.3.2 Asia-Pacific Cumene Market Forecasts and Analysis
9.3.3 Asia-Pacific Cumene Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Cumene Market Forecasts and Analysis - By Method Type
9.3.5 Asia-Pacific Cumene Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cumene Market
9.3.5.1.1 Australia Cumene Market by Application
9.3.5.1.2 Australia Cumene Market by Method Type
9.3.5.2 China Cumene Market
9.3.5.2.1 China Cumene Market by Application
9.3.5.2.2 China Cumene Market by Method Type
9.3.5.3 India Cumene Market
9.3.5.3.1 India Cumene Market by Application
9.3.5.3.2 India Cumene Market by Method Type
9.3.5.4 Japan Cumene Market
9.3.5.4.1 Japan Cumene Market by Application
9.3.5.4.2 Japan Cumene Market by Method Type
9.3.5.5 South Korea Cumene Market
9.3.5.5.1 South Korea Cumene Market by Application
9.3.5.5.2 South Korea Cumene Market by Method Type
9.3.5.6 Rest of Asia-Pacific Cumene Market
9.3.5.6.1 Rest of Asia-Pacific Cumene Market by Application
9.3.5.6.2 Rest of Asia-Pacific Cumene Market by Method Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cumene Market Overview
9.4.2 Middle East and Africa Cumene Market Forecasts and Analysis
9.4.3 Middle East and Africa Cumene Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Cumene Market Forecasts and Analysis - By Method Type
9.4.5 Middle East and Africa Cumene Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cumene Market
9.4.5.1.1 South Africa Cumene Market by Application
9.4.5.1.2 South Africa Cumene Market by Method Type
9.4.5.2 Saudi Arabia Cumene Market
9.4.5.2.1 Saudi Arabia Cumene Market by Application
9.4.5.2.2 Saudi Arabia Cumene Market by Method Type
9.4.5.3 U.A.E Cumene Market
9.4.5.3.1 U.A.E Cumene Market by Application
9.4.5.3.2 U.A.E Cumene Market by Method Type
9.4.5.4 Rest of Middle East and Africa Cumene Market
9.4.5.4.1 Rest of Middle East and Africa Cumene Market by Application
9.4.5.4.2 Rest of Middle East and Africa Cumene Market by Method Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cumene Market Overview
9.5.2 South and Central America Cumene Market Forecasts and Analysis
9.5.3 South and Central America Cumene Market Forecasts and Analysis - By Application
9.5.4 South and Central America Cumene Market Forecasts and Analysis - By Method Type
9.5.5 South and Central America Cumene Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cumene Market
9.5.5.1.1 Brazil Cumene Market by Application
9.5.5.1.2 Brazil Cumene Market by Method Type
9.5.5.2 Argentina Cumene Market
9.5.5.2.1 Argentina Cumene Market by Application
9.5.5.2.2 Argentina Cumene Market by Method Type
9.5.5.3 Rest of South and Central America Cumene Market
9.5.5.3.1 Rest of South and Central America Cumene Market by Application
9.5.5.3.2 Rest of South and Central America Cumene Market by Method Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CUMENE MARKET, KEY COMPANY PROFILES
11.1. AXIALL CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASF SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DOW CHEMICAL COMPANY
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EXXONMOBIL CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. JX HOLDINGS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LG CHEM LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ROYAL DUTCH SHELL PLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SABIC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUMITOMO CHEMICAL CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOTAL S.A.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Axiall Corporation
2. BASF SE
3. Dow Chemical Company
4. ExxonMobil Corporation
5. JX Holdings
6. LG Chem Ltd.
7. Royal Dutch Shell PLC
8. SABIC
9. Sumitomo Chemical Corporation
10. Total S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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