Global Cumene Market Analysis: Plant Capacity, Location, Production, Operating Efficiency, Demand & Supply, End Use, Regional Demand, Sales Channel, Technology Licensor, Company Share, Foreign Trade
預計2021年全球異丙苯市場規模將達到約1,500萬噸，到2032年的預測期間複合年增長率為4.10%。 INEOS Phenol宣布與日本主要化學品製造商Mitsui Chemicals達成協議，支付3.3億美元收購Mitsui Phenols Singapore Ltd.的全部資產。 該公司營收7.5億美元，年產量超過100萬噸，其中異丙苯產量41萬噸。
對苯酚和丙酮的需求不斷增長正在推動市場。 到 2032 年，丙酮和苯酚的利用率預計將達到約 2,500 萬噸，從而增加預測期內全球異丙苯的需求。
從地區需求來看，亞太地區在異丙苯市場中佔據主導地位，2021年約佔全球市場的一半。 預計亞太地區在預測期內仍將是最大的異丙苯消費國。 同時，歐洲是異丙苯的第二大消費國。 由於亞太發展中國家建築活動的擴大，異丙苯產品的使用量不斷增加，預計將推動全球異丙苯需求的成長。 亞太地區的產量也領先其他地區。 2021年，全球異丙苯產量的約45%產自該地區。
以最終用途產業來看，苯酚產業是異丙苯市場的最大消費者。 苯酚和苯酚基化合物在塑膠和聚合物行業的廣泛使用預計將在預測期內推動市場發展。 丙酮產業也是異丙苯市場的重要消費者。
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The global Cumene market has reached approximately 15 million tonnes in 2021 and is expected to grow at a CAGR of 4.10% during the forecast period until 2032. According to INEOS Phenol's announcement, it has entered into an agreement to pay $330 million to Mitsui Chemicals, a major Japanese chemical producer, to buy the entire asset base of Mitsui Phenols Singapore Ltd. The company generates revenue of USD 750 million and produces more than 1 million tonnes of goods annually, including 410 thousand tonnes of Cumene.
Cumene is an aromatic hydrocarbon with a chemical formula of C9H12. It consists of a benzene ring with a substitution of an isopropyl group. Cumene is a flammable liquid and a constituent of crude oil. Cumene is synthesized by an alkylation reaction of benzene with propylene in the presence of solid phosphoric acid as the catalyst. Chemical manufacturing industries utilize Cumene to produce wide arrays of solvents and chemicals such as acetone, methylstyrene, phenol, and acetophenone. Crude oil and refined fuels contain Cumene as an ingredient. Cumene is used to make products like composite materials, acrylic films, and laminates, which are widely employed in the industrial, transportation, and healthcare fields. Food-grade Cumene, which is used to make polycarbonate plastic for manufacturing consumer goods like bottles and containers, is also generated from Cumene.
The growing demand for Phenol and Acetone is driving the global Cumene market. In several chemical industries, phenol is employed to create essential chemicals like bisphenol A and Phenolic Resin. Phenol and its compounds are utilized for the manufacture of general-use goods like plastic containers, bottles, kitchenware, and food & beverage storage containers. Acetone is widely used to manufacture Bisphenol-A, Methyl Methacrylate, and Methyl Isobutyl Ketone. Acetone is also a popular solvent for oils, fats, waxes, adhesives, rubber, polymers, lacquers, coatings, and rubber cement. The applications of acetone and phenol are anticipated to swell the global Cumene demand in the forecast period to reach approximately 25 million tonnes by 2032.
Based on demand by region, the Asia Pacific dominates the Cumene market, capturing roughly half of the global Cumene market in 2021. It is anticipated that Asia Pacific will remain the biggest consumer of Cumene in the forecast period as well. On the other hand, Europe stands as the second largest consumer of Cumene. The growing use of cumene-based products due to the expanding building and construction activity in developing nations located in the Asia Pacific region is anticipated to propel the growth of the global Cumene demand. Based on production, Asia Pacific is also taking the lead among all the other areas. In 2021, about 45% of the global Cumene production occurred in this region.
Based on the end-user industry, the global Cumene market is segmented into Phenol, Acetone, and Others. The Phenol Industry is a largest consumer of the Cumene market. The wide usage of phenol and phenol-based compounds in the plastic and polymer industry is anticipated to drive the Cumene market in the forecast period. Furthermore, The Acetone industry is also a prominent consumer of the global Cumene market.
Major players in the production of Global Cumene are Cepsa Corporation, Ineos Group Ltd, Shell Plc, CITGO Petroleum Corporation, Flint Hills Resources, PTT Phenol, Formosa Chemical and Fibre, Sunoco, Kumho P&B Chemicals., Inc., Versalis, Mitsui Phenols Singapore Ltd, and Marathon Petroleum Corporation (MPC).
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2032
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To extract data for Global Cumene market, primary research surveys were conducted with Cumene manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Cumene market over the coming years.
ChemAnalyst calculated Cumene demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Cumene. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Cumene manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, Global Cumene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market size Volume in 2021
15 million tonnes
Market size Volume by 2032
25 million tonnes
CAGR of 4.10% from 2022 to 2032
Base year for estimation
2015 - 2021
2023 - 2032
Demand in million tonnes and CAGR from 2022 to 2032
Industry Market Size, Capacity By Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share
By End-Use: (Phenol, Acetone, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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