Cumene Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application
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Introduction
Cumene, also known as isopropylbenzene, is a key petrochemical intermediate used primarily in the production of phenol and acetone, essential for plastics, resins, and adhesives. The industry is characterized by its reliance on refinery processes and its critical role in the petrochemical supply chain. Key trends include sustainable production, high-purity cumene, and integration with advanced refining technologies to meet environmental standards. The market is driven by demand for phenol-based products, growth in construction and automotive industries, and advancements in petrochemical processing.
Market Size and Growth Forecast
The global Cumene market was valued at USD 16.6–27.4 billion in 2024, with an estimated CAGR of 4.5%–6.5% from 2025 to 2030, driven by demand for phenol and acetone.
Regional Analysis
North America is projected to grow at a CAGR of 4.3%–6.3%, with the U.S. leading due to its robust plastics and adhesives sectors, focusing on high-purity cumene for phenol production.
Europe is expected to achieve a CAGR of 4.0%–6.0%, with Germany driving demand, emphasizing sustainable petrochemical processes for industrial applications.
Asia Pacific is anticipated to record the highest growth at 5.0%–7.0%, driven by China, India, and Singapore, where construction and automotive industries fuel demand, with trends toward cost-effective production.
Rest of the World, particularly Brazil, is expected to grow at 3.8%–5.8%, with trends toward phenol-based resin applications.
Application Analysis
Phenol applications are estimated to grow at a CAGR of 4.8%–6.8%, driven by cumene’s use in producing phenolic resins and bisphenol-A, with trends favoring high-performance plastics.
Acetone applications are projected to expand at 4.5%–6.5%, supported by its use in solvents and methyl methacrylate production, with innovations in eco-friendly solvents.
Other applications, including alpha-methylstyrene and fuels, are anticipated to grow at 4.0%–6.0%, focusing on specialty petrochemicals.
Key Market Players
Mitsubishi Chemical, based in Tokyo, Japan, is a leader in cumene production, offering high-purity solutions for phenol, known for its advanced petrochemical technologies.
Moeve, headquartered in Singapore, specializes in cumene for acetone production, emphasizing scalable and sustainable manufacturing.
INEOS, based in London, UK, produces cumene for phenol and acetone, focusing on large-scale production and integrated refining processes.
KUMHO P&B CHEMICALS, headquartered in Seoul, South Korea, provides cumene for resin applications, known for its cost-competitive solutions.
Tosoh Corporation, based in Tokyo, Japan, offers cumene for specialty chemicals, emphasizing high-quality production.
Chang Chun Group, headquartered in Taipei, Taiwan, produces cumene for adhesives, focusing on innovative petrochemical processes.
Domo Chemicals, based in Ghent, Belgium, provides cumene for nylon intermediates, known for its sustainable manufacturing.
Sinopec, headquartered in Beijing, China, offers cumene for phenol production, emphasizing large-scale and cost-effective operations.
Porter’s Five Forces Analysis
● The threat of new entrants is low; high capital costs and complex refining processes for cumene production create significant barriers.
● The threat of substitutes is low; alternative routes to phenol and acetone are less efficient, maintaining cumene’s dominance.
● Buyer power is moderate; large resin and adhesive manufacturers negotiate pricing, but cumene’s critical role limits buyer leverage.
● Supplier power is moderate; raw materials like benzene and propylene are subject to price volatility, increasing supplier influence.
● Competitive rivalry is high; key players differentiate through sustainable production, high-purity grades, and integrated supply chains.
Market Opportunities and Challenges
Opportunities
● Rising demand for phenolic resins in construction drives cumene adoption.
● Advancements in eco-friendly acetone solvents enhance market growth.
● Emerging markets in Asia Pacific offer expansion opportunities due to industrial growth.
Challenges
● Volatility in raw material prices increases production costs.
● Regulatory scrutiny on petrochemical emissions raises compliance costs.
● Environmental concerns over fossil-based chemicals hinder market scalability.
Growth Trend Analysis
The Cumene market is growing steadily, driven by demand for phenol and acetone. On April 3, 2023, INEOS Phenol completed the acquisition of Mitsui Phenols Singapore Ltd, adding 410,000 tons per year of cumene capacity on Jurong Island, Singapore, enhancing its phenol and acetone production. On January 5, 2024, INEOS started Europe’s largest cumene plant in Marl, Germany, with a capacity of 750,000 metric tons per year, strengthening its global supply chain. These developments align with a projected CAGR of 4.5%–6.5% through 2030, reflecting cumene’s critical role in petrochemicals.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Cumene Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Cumene by Region
8.2 Import of Cumene by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Cumene Market in North America (2020-2030)
9.1 Cumene Market Size
9.2 Cumene Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Cumene Market in South America (2020-2030)
10.1 Cumene Market Size
10.2 Cumene Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Cumene Market in Asia & Pacific (2020-2030)
11.1 Cumene Market Size
11.2 Cumene Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Asean
11.5.6 Australia
Chapter 12 Historical and Forecast Cumene Market in Europe (2020-2030)
12.1 Cumene Market Size
12.2 Cumene Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Cumene Market in MEA (2020-2030)
13.1 Cumene Market Size
13.2 Cumene Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Cumene Market (2020-2030)
14.1 Cumene Market Size
14.2 Cumene Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Cumene Market Forecast (2021-2026)
15.1 Cumene Market Size Forecast
15.2 Cumene Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Mitsubishi Chemical
15.1.1 Company Profile
15.1.2 Main Business and Cumene Information
15.1.3 SWOT Analysis of Mitsubishi Chemical
15.1.4 Mitsubishi Chemical Cumene Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Moeve
15.2.1 Company Profile
15.2.2 Main Business and Cumene Information
15.2.3 SWOT Analysis of Moeve
15.2.4 Moeve Cumene Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 INEOS
15.3.1 Company Profile
15.3.2 Main Business and Cumene Information
15.3.3 SWOT Analysis of INEOS
15.3.4 INEOS Cumene Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 KUMHO P&B CHEMICALS
15.4.1 Company Profile
15.4.2 Main Business and Cumene Information
15.4.3 SWOT Analysis of KUMHO P&B CHEMICALS
15.4.4 KUMHO P&B CHEMICALS Cumene Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Tosoh
15.5.1 Company Profile
15.5.2 Main Business and Cumene Information
15.5.3 SWOT Analysis of Tosoh
15.5.4 Tosoh Cumene Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Chang Chun Group
15.6.1 Company Profile
15.6.2 Main Business and Cumene Information
15.6.3 SWOT Analysis of Chang Chun Group
15.6.4 Chang Chun Group Cumene Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 Domo Chemicals
15.7.1 Company Profile
15.7.2 Main Business and Cumene Information
15.7.3 SWOT Analysis of Domo Chemicals
15.7.4 Domo Chemicals Cumene Sales, Revenue, Price and Gross Margin (2020-2025)
15.8 Sinopec
15.8.1 Company Profile
15.8.2 Main Business and Cumene Information
15.8.3 SWOT Analysis of Sinopec
15.8.4 Sinopec Cumene Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Cumene Report
Table Data Sources Of Cumene Report
Table Major Assumptions Of Cumene Report
Table Cumene Classification
Table Cumene Applications List
Table Drivers Of Cumene Market
Table Restraints Of Cumene Market
Table Opportunities Of Cumene Market
Table Threats Of Cumene Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Cumene
Table Cost Structure Analysis Of Cumene
Table Key End Users List
Table Latest News Of Cumene Market
Table Merger And Acquisition List
Table Planned/Future Project Of Cumene Market
Table Policy Of Cumene Market
Table 2020-2030 Regional Export Of Cumene
Table 2020-2030 Regional Import Of Cumene
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Cumene Market Size And Market Volume List
Table 2020-2030 North America Cumene Demand List By Application
Table 2020-2025 North America Cumene Key Players Sales List
Table 2020-2025 North America Cumene Key Players Market Share List
Table 2020-2030 North America Cumene Demand List By Type
Table 2020-2025 North America Cumene Price List By Type
Table 2020-2030 United States Cumene Market Size And Market Volume List
Table 2020-2030 United States Cumene Import & Export List
Table 2020-2030 Canada Cumene Market Size And Market Volume List
Table 2020-2030 Canada Cumene Import & Export List
Table 2020-2030 Mexico Cumene Market Size And Market Volume List
Table 2020-2030 Mexico Cumene Import & Export List
Table 2020-2030 South America Cumene Market Size And Market Volume List
Table 2020-2030 South America Cumene Demand List By Application
Table 2020-2025 South America Cumene Key Players Sales List
Table 2020-2025 South America Cumene Key Players Market Share List
Table 2020-2030 South America Cumene Demand List By Type
Table 2020-2025 South America Cumene Price List By Type
Table 2020-2030 Brazil Cumene Market Size And Market Volume List
Table 2020-2030 Brazil Cumene Import & Export List
Table 2020-2030 Argentina Cumene Market Size And Market Volume List
Table 2020-2030 Argentina Cumene Import & Export List
Table 2020-2030 Chile Cumene Market Size And Market Volume List
Table 2020-2030 Chile Cumene Import & Export List
Table 2020-2030 Peru Cumene Market Size And Market Volume List
Table 2020-2030 Peru Cumene Import & Export List
Table 2020-2030 Asia & Pacific Cumene Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Cumene Demand List By Application
Table 2020-2025 Asia & Pacific Cumene Key Players Sales List
Table 2020-2025 Asia & Pacific Cumene Key Players Market Share List
Table 2020-2030 Asia & Pacific Cumene Demand List By Type
Table 2020-2025 Asia & Pacific Cumene Price List By Type
Table 2020-2030 China Cumene Market Size And Market Volume List
Table 2020-2030 China Cumene Import & Export List
Table 2020-2030 India Cumene Market Size And Market Volume List
Table 2020-2030 India Cumene Import & Export List
Table 2020-2030 Japan Cumene Market Size And Market Volume List
Table 2020-2030 Japan Cumene Import & Export List
Table 2020-2030 South Korea Cumene Market Size And Market Volume List
Table 2020-2030 South Korea Cumene Import & Export List
Table 2020-2030 Southeast Asia Cumene Market Size List
Table 2020-2030 Southeast Asia Cumene Market Volume List
Table 2020-2030 Southeast Asia Cumene Import List
Table 2020-2030 Southeast Asia Cumene Export List
Table 2020-2030 Australia Cumene Market Size And Market Volume List
Table 2020-2030 Australia Cumene Import & Export List
Table 2020-2030 Europe Cumene Market Size And Market Volume List
Table 2020-2030 Europe Cumene Demand List By Application
Table 2020-2025 Europe Cumene Key Players Sales List
Table 2020-2025 Europe Cumene Key Players Market Share List
Table 2020-2030 Europe Cumene Demand List By Type
Table 2020-2025 Europe Cumene Price List By Type
Table 2020-2030 Germany Cumene Market Size And Market Volume List
Table 2020-2030 Germany Cumene Import & Export List
Table 2020-2030 France Cumene Market Size And Market Volume List
Table 2020-2030 France Cumene Import & Export List
Table 2020-2030 United Kingdom Cumene Market Size And Market Volume List
Table 2020-2030 United Kingdom Cumene Import & Export List
Table 2020-2030 Italy Cumene Market Size And Market Volume List
Table 2020-2030 Italy Cumene Import & Export List
Table 2020-2030 Spain Cumene Market Size And Market Volume List
Table 2020-2030 Spain Cumene Import & Export List
Table 2020-2030 Belgium Cumene Market Size And Market Volume List
Table 2020-2030 Belgium Cumene Import & Export List
Table 2020-2030 Netherlands Cumene Market Size And Market Volume List
Table 2020-2030 Netherlands Cumene Import & Export List
Table 2020-2030 Austria Cumene Market Size And Market Volume List
Table 2020-2030 Austria Cumene Import & Export List
Table 2020-2030 Poland Cumene Market Size And Market Volume List
Table 2020-2030 Poland Cumene Import & Export List
Table 2020-2030 Russia Cumene Market Size And Market Volume List
Table 2020-2030 Russia Cumene Import & Export List
Table 2020-2030 Mea Cumene Market Size And Market Volume List
Table 2020-2030 Mea Cumene Demand List By Application
Table 2020-2025 Mea Cumene Key Players Sales List
Table 2020-2025 Mea Cumene Key Players Market Share List
Table 2020-2030 Mea Cumene Demand List By Type
Table 2020-2025 Mea Cumene Price List By Type
Table 2020-2030 Egypt Cumene Market Size And Market Volume List
Table 2020-2030 Egypt Cumene Import & Export List
Table 2020-2030 Israel Cumene Market Size And Market Volume List
Table 2020-2030 Israel Cumene Import & Export List
Table 2020-2030 South Africa Cumene Market Size And Market Volume List
Table 2020-2030 South Africa Cumene Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Cumene Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Cumene Import & Export List
Table 2020-2030 Turkey Cumene Market Size And Market Volume List
Table 2020-2030 Turkey Cumene Import & Export List
Table 2020-2025 Global Cumene Market Size List By Region
Table 2020-2025 Global Cumene Market Size Share List By Region
Table 2020-2025 Global Cumene Market Volume List By Region
Table 2020-2025 Global Cumene Market Volume Share List By Region
Table 2020-2025 Global Cumene Demand List By Application
Table 2020-2025 Global Cumene Demand Market Share List By Application
Table 2020-2025 Global Cumene Capacity List
Table 2020-2025 Global Cumene Key Vendors Capacity Share List
Table 2020-2025 Global Cumene Key Vendors Production List
Table 2020-2025 Global Cumene Key Vendors Production Share List
Table 2020-2025 Global Cumene Key Vendors Production Value List
Table 2020-2025 Global Cumene Key Vendors Production Value Share List
Table 2020-2025 Global Cumene Demand List By Type
Table 2020-2025 Global Cumene Demand Market Share List By Type
Table 2020-2025 Regional Cumene Price List
Table 2025-2030 Global Cumene Market Size List By Region
Table 2025-2030 Global Cumene Market Size Share List By Region
Table 2025-2030 Global Cumene Market Volume List By Region
Table 2025-2030 Global Cumene Market Volume Share List By Region
Table 2025-2030 Global Cumene Demand List By Application
Table 2025-2030 Global Cumene Demand Market Share List By Application
Table 2025-2030 Global Cumene Capacity List
Table 2025-2030 Global Cumene Key Vendors Capacity Share List
Table 2025-2030 Global Cumene Key Vendors Production List
Table 2025-2030 Global Cumene Key Vendors Production Share List
Table 2025-2030 Global Cumene Key Vendors Production Value List
Table 2025-2030 Global Cumene Key Vendors Production Value Share List
Table 2025-2030 Global Cumene Demand List By Type
Table 2025-2030 Global Cumene Demand Market Share List By Type
Table 2025-2030 Cumene Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Cumene Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Cumene Market Size And Cagr
Figure 2020-2030 North America Cumene Market Volume And Cagr
Figure 2020-2030 South America Cumene Market Size And Cagr
Figure 2020-2030 South America Cumene Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Cumene Market Size And Cagr
Figure 2020-2030 Asia & Pacific Cumene Market Volume And Cagr
Figure 2020-2030 Europe Cumene Market Size And Cagr
Figure 2020-2030 Europe Cumene Market Volume And Cagr
Figure 2020-2030 Mea Cumene Market Size And Cagr
Figure 2020-2030 Mea Cumene Market Volume And Cagr
Figure 2020-2025 Global Cumene Capacity Production And Growth Rate
Figure 2020-2025 Global Cumene Production Value And Growth Rate
Figure 2025-2030 Global Cumene Capacity Production And Growth Rate
Figure 2025-2030 Global Cumene Production Value And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |