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Cumene Trends and Forecast
The future of the global cumene market looks promising with opportunities in the phenol and acetone markets. The global cumene market is expected to grow with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increasing demand for phenol from plastic industry and growing utilization of cumenes in various end use industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Cumene by Segment
The study includes a forecast for the global cumene by type, application, and region.
Cumene Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Zeloite
• Solid Phosphoric Acid
• Aluminum Chloride
Cumene Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Phenol
• Acetone
• Others
Cumene Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Cumene Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cumene companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cumene companies profiled in this report include-
• Shell
• Exxon Mobil
• BASF
• Sumitomo Chemical
• Dow
• Westlake
• Taiwan Cement
Cumene Market Insights
Lucintel forecasts that zeloite will remain the largest segment over the forecast period due to low corrosion and less hazard to environment.
Within this market, phenol is expected to witness the higher growth due to its increasing adoption in various end industries, such as automotove, consumer electronics, and cosmetics.
APAC is expected to witness highest growth over the forecast period due to increasing automotive industry in countries, such as China, India, and South Korea.
Features of the Global Cumene Market
Market Size Estimates: Cumene market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Cumene market size by type, application, and region in terms of value ($B).
Regional Analysis: Cumene market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the cumene market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cumene market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for cumene market?
Answer: The global cumene market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the cumene market?
Answer: The major drivers for this market are increasing demand for phenol from plastic industry and growing utilization of cumenes in various end use industries.
Q3. What are the major segments for cumene market?
Answer: The future of the cumene market looks promising with opportunities in the phenol and acetone markets.
Q4. Who are the key cumene market companies?
Answer: Some of the key cumene companies are as follows:
• Shell
• Exxon Mobil
• BASF
• Sumitomo Chemical
• Dow
• Westlake
• Taiwan Cement
Q5. Which cumene market segment will be the largest in future?
Answer: Lucintel forecasts that zeloite will remain the largest segment over the forecast period due to low corrosion and less hazard to environment.
Q6. In cumene market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing automotive industry in countries, such as China, India, and South Korea.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the cumene market by type (zeloite, solid phosphoric acid, and aluminum chloride), application (phenol, acetone, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Cumene Market, Cumene Market Size, Cumene Market Growth, Cumene Market Analysis, Cumene Market Report, Cumene Market Share, Cumene Market Trends, Cumene Market Forecast, Cumene Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Cumene Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Cumene Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Cumene Market by Type
3.3.1: Zeloite
3.3.2: Solid Phosphoric Acid
3.3.3: Aluminum Chloride
3.4: Global Cumene Market by Application
3.4.1: Phenol
3.4.2: Acetone
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Cumene Market by Region
4.2: North American Cumene Market
4.2.2: North American Cumene Market by Application: Phenol, Acetone, and Others
4.3: European Cumene Market
4.3.1: European Cumene Market by Type: Zeloite, Solid Phosphoric Acid, and Aluminum Chloride
4.3.2: European Cumene Market by Application: Phenol, Acetone, and Others
4.4: APAC Cumene Market
4.4.1: APAC Cumene Market by Type: Zeloite, Solid Phosphoric Acid, and Aluminum Chloride
4.4.2: APAC Cumene Market by Application: Phenol, Acetone, and Others
4.5: ROW Cumene Market
4.5.1: ROW Cumene Market by Type: Zeloite, Solid Phosphoric Acid, and Aluminum Chloride
4.5.2: ROW Cumene Market by Application: Phenol, Acetone, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Cumene Market by Type
6.1.2: Growth Opportunities for the Global Cumene Market by Application
6.1.3: Growth Opportunities for the Global Cumene Market by Region
6.2: Emerging Trends in the Global Cumene Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Cumene Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Cumene Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Shell
7.2: Exxon Mobil
7.3: BASF
7.4: Sumitomo Chemical
7.5: Dow
7.6: Westlake
7.7: Taiwan Cement
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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