 | • レポートコード：MRC2303B103 • 出版社/出版日：Mordor Intelligence / 2023年1月 • レポート形態：英文、PDF、120ページ • 納品方法：Eメール（受注後2-3営業日） • 産業分類：化学 |
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レポート概要
| Mordor Intelligence社の本市場調査レポートでは、世界のクメン市場規模が、今年末までに15,700キロトンに達し、予測期間中（2022年～2027年）に年平均4.5%で成長すると展望しています。本書は、クメンの世界市場について総合的に分析し、イントロダクション、調査手法、エグゼクティブサマリー、市場動向、触媒別（塩化アルミニウム触媒、固体リン酸（SPA）触媒、ゼオライト触媒、その他）分析、用途別（フェノール、アセトン、その他）分析、地域別（中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、フランス、イギリス、イタリア、ブラジル、アルゼンチン、サウジアラビア、南アフリカ）分析、競争状況、市場機会・将来の動向などの項目を整理しています。さらに、参入企業として、Braskem、Cepsa、Chang Chun Group、CITGO Petroleum Corporation、Domo Chemicals、Dow、INEOS、Koch Industries Inc.、Kumho P&B Chemicals Inc. 、Prasol Chemicals Pvt. Ltd、Shell PLC、SABIC、Versalis S.p.A.などの情報を含んでいます。 ・イントロダクション ・調査手法 ・エグゼクティブサマリー ・市場動向 ・世界のクメン市場規模：触媒別 - 塩化アルミニウム触媒の市場規模 - 固体リン酸（SPA）触媒の市場規模 - ゼオライト触媒の市場規模 - その他の市場規模 ・世界のクメン市場規模：用途別 - フェノールにおける市場規模 - アセトンにおける市場規模 - その他における市場規模 ・世界のクメン市場規模：地域別 - アジア太平洋のクメン市場規模 中国のクメン市場規模 インドのクメン市場規模 日本のクメン市場規模 … - 北米のクメン市場規模 アメリカのクメン市場規模 カナダのクメン市場規模 メキシコのクメン市場規模 … - ヨーロッパのクメン市場規模 ドイツのクメン市場規模 イギリスのクメン市場規模 イタリアのクメン市場規模 … - 南米/中東のクメン市場規模 ブラジルのクメン市場規模 アルゼンチンのクメン市場規模 サウジアラビアのクメン市場規模 … - その他地域のクメン市場規模 ・競争状況 ・市場機会・将来の動向 |
The global cumene market is estimated to reach over 15,700 kilotons by the end of this year and is projected to register a CAGR of over 4.5% during the forecast period.
The sudden onset of the COVID-19 pandemic in 2020 caused demand for cumene to decline in the global market, leading to low demand for phenol and acetone derivatives of cumene. The phenol market segment witnessed a lower growth rate from early 2020 to mid-2021 owing to the suspension of industrial activities. The production of phenol decreased due to the impact of COVID-19 on the industry, the region, and subsequent supply chain operations. Moreover, the pandemic affected the major end-user industries of cumene, such as cosmetics and personal care, paints and enamels, high-octane aviation fuels, and polymer industries, where declined sales weakened the demand for cumene for a long period. However, the market is projected to grow steadily, owing to a rapid headstart in activities of various end-user industries such as construction and others, which consume cumene and its derivative-based products, post the pandemic retraction.
Key Highlights
- Over the medium term, the increasing demand for phenol from the plastic industry and the large consumption of acetone as a solvent are major factors driving the growth of the market studied.
- On the flip side, harmful effects ehibited by cumene and its derivatives due to extended exposure is anticipated to significantly hinder the market’s growth.
- Nevertheless, the rising investments and applications of bisphenol A (BPA) is likely to create lucrative growth opportunities for the global market soon.
- Asia-Pacific is expected to dominate the global market during the forecast period. Also, it is expected to register the highest CAGR during the forecast period.
Cumene Market Trends
Increasing Demand from Phenol Segment
- One of the major applications of cumene is in the production of phenol. The liquid-phase oxidation of cumene with molecular oxygen forms cumene hydroperoxide, further decomposed with a catalyst into phenol and acetone.
- Phenol plays a major role in many industries. Some common applications of phenol include plywood, window glazing, DVDs and CDs, computers, sports equipment, fiberglass boats, automotive parts and accessories, circuit boards, and flat-panel televisions.
- The growth in the automotive sector is imperative to the growth of the phenol market, which in turn increases the demand for cumene. The automotive industry registered massive growth in the past few years. According to OICA, the total number of vehicles produced in 2021 was 80,145,988, a growth of 3% compared to 2020.
- Phenol is also a major component in phenolic adhesives used in wood products such as plywood and oriented strand board. Also, it is a valuable intermediate in producing detergents, agricultural chemicals, medicines, plasticizers, and dyes.
- The largest single market for phenol is in the production of Bisphenol A (BPA), which is manufactured from phenol and acetone. BPA, in turn, is used in the manufacturing of polycarbonate and epoxy resins which are used in many different sectors, making phenol a major component in end-user sectors thus triggering its production in different regions.
- According to the Ministry of Economy Trade and Industry (METI), the total production volume of phenol in Japan amounted to 617.7 thousand tons in 2021 and registered a growth rate of 11.9% compared to 551.69 thousand tons in 2020. Higher production rates of phenol are likely to drive up the consumption rate of cumene in the future.
China to Dominate the Asia-Pacific Market
- In the Asia-Pacific, China dominates the regional market share. Cumene is a top commodity chemical due to its high demand in various chemical processes. The primary use of cumene is as an intermediate in producing phenol and acetone. The expanding chemical manufacturing sector and growing end-user demand in Asia-Pacific countries support the positive market dynamics of cumene.
- Small amounts of cumene are also used as thinners for paints, lacquers, and enamels and as solvents in paints and other coatings. China accounts for more than one-fourth of the global coatings market presently. Nippon has been tapping into this market by upgrading its coatings production process across its new plants in China. The company’s revenue in China was valued at CNY 379.1 billion (USD 54.55 billion) in 2021.
- In May 2021, PPG announced the completion of its USD 13 million investment in its Jiading, China, paint and coatings facility, including eight new powder coating production lines and an expanded powder coatings technology center that is expected to enhance PPG’s research and development capabilities. The expansion is likely to increase the plant’s capacity by more than 8,000 tons per year.
- Cumene is also used as a gasoline blend for providing high octane aviation fuel, which is being used in the jet and commercial aircrafts. Additionally, according to the Civil Aviation Administration of China (CAAC), China is one of the largest markets for domestic air passengers. The civil aircraft fleet in the country has been increasing steadily for the last five years.
- According to the China Aviation Transportation Association, China had a total of 3,066 general aviation aircraft, including 1,583 turboprops and piston airplanes and 1,049 helicopters as well as 360 business jets and 74 other general aviation aircrafts as of June 2021.
Cumene Market Competitor Analysis
The global cumene market is fragmented in nature. The major market players (in no particular order) include Cepsa, INEOS, Kumho P&B Chemicals Inc., Dow, and Koch Industries Inc., among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 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 Effects Due to Extended Exposure
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 Buyers
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 Trends
4.9 Regulatory Policy Analysis
5 MARKET SEGMENTATION (Market Size in Volume)
5.1 Catalyst Type
5.1.1 Aluminum Chloride Catalyst
5.1.2 Solid Phosphoric Acid (SPA) Catalyst
5.1.3 Zeolite Catalyst
5.1.4 Other Catalyst Types
5.2 Application
5.2.1 Phenol
5.2.2 Acetone
5.2.3 Other Applications (Including Paints, Enamels, Aviation Fuels, and Others)
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 US
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 France
5.3.3.3 UK
5.3.3.4 Italy
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
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East
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 Chang Chun Group
6.4.4 CITGO Petroleum Corporation
6.4.5 Domo Chemicals
6.4.6 Dow
6.4.7 INEOS
6.4.8 Koch Industries Inc.
6.4.9 Kumho P&B Chemicals Inc.
6.4.10 Prasol Chemicals Pvt. Ltd
6.4.11 Shell PLC
6.4.12 SABIC
6.4.13 Versalis S.p.A.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Investments and Applications of Bisphenol A (BPA)