South Korea Cumene Market Outlook | Share, Value, COVID-19 IMPACT, Trends, Companies, Growth, Analysis, Forecast, Industry, Revenue & Size
Market Forecast By Type (Zeloite, Solid Phosphoric Acid, Aluminum Chloride), By Application (Phenol, Acetone, Others) And Competitive Landscape
| Product Code: ETC321503 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
South Korea Cumene Market Competition 2023
South Korea Cumene market currently, in 2023, has witnessed an HHI of 9991, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
South Korea Export Potential Assessment For Cumene Market (Values in USD Thousand)
South Korea Cumene Market Overview
Cumene in South Korea is a key chemical intermediate used in phenol and acetone production for resins, adhesives, and pharmaceuticals. Market dynamics include cumene manufacturing, petrochemical feedstock sourcing, and demand from construction, automotive, and electronics industries for polymer materials and specialty chemicals.
Drivers of the market
The South Korea Cumene Market is growing due to the rising demand for chemical intermediates in various industries. Innovations in production processes and their benefits in improving product quality support market growth.
Challenges of the market
The South Korean cumene market encounters challenges such as volatile benzene and propylene prices, environmental regulations on phenol production, and competition from alternative chemical feedstocks. Cumene producers must optimize process efficiency, implement sustainable manufacturing practices, and diversify phenol derivatives for automotive, electronics, and construction applications to meet industrial demand while mitigating environmental impact and ensuring profitability amidst market fluctuations.
Government Policy of the market
In South Korea, government policies impacting the cumene market focus on petrochemical production, chemical safety, and environmental sustainability. Policies regulate cumene manufacturing processes, chemical handling practices, and hazardous material disposal. Incentives support research in sustainable chemical production, development of low-emission technologies, and compliance with petrochemical industry regulations.
Key Highlights of the Report:
- South Korea Cumene Market Outlook
- Market Size of South Korea Cumene Market, 2021
- Forecast of South Korea Cumene Market, 2028
- Historical Data and Forecast of South Korea Cumene Revenues & Volume for the Period 2018 - 2028
- South Korea Cumene Market Trend Evolution
- South Korea Cumene Market Drivers and Challenges
- South Korea Cumene Price Trends
- South Korea Cumene Porter's Five Forces
- South Korea Cumene Industry Life Cycle
- Historical Data and Forecast of South Korea Cumene Market Revenues & Volume By Type for the Period 2018 - 2028
- Historical Data and Forecast of South Korea Cumene Market Revenues & Volume By Zeloite for the Period 2018 - 2028
- Historical Data and Forecast of South Korea Cumene Market Revenues & Volume By Solid Phosphoric Acid for the Period 2018 - 2028
- Historical Data and Forecast of South Korea Cumene Market Revenues & Volume By Aluminum Chloride for the Period 2018 - 2028
- Historical Data and Forecast of South Korea Cumene Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of South Korea Cumene Market Revenues & Volume By Phenol for the Period 2018 - 2028
- Historical Data and Forecast of South Korea Cumene Market Revenues & Volume By Acetone for the Period 2018 - 2028
- Historical Data and Forecast of South Korea Cumene Market Revenues & Volume By Others for the Period 2018 - 2028
- South Korea Cumene Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- South Korea Cumene Top Companies Market Share
- South Korea Cumene Competitive Benchmarking By Technical and Operational Parameters
- South Korea Cumene Company Profiles
- South Korea Cumene Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the South Korea Cumene Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the South Korea Cumene Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Cumene Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Cumene Market Revenues & Volume, 2021 & 2028F |
3.3 South Korea Cumene Market - Industry Life Cycle |
3.4 South Korea Cumene Market - Porter's Five Forces |
3.5 South Korea Cumene Market Revenues & Volume Share, By Type, 2021 & 2028F |
3.6 South Korea Cumene Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 South Korea Cumene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for phenol, which is a key derivative of cumene, in various industries like electronics, automotive, and construction. |
4.2.2 Growing focus on sustainable practices leading to a shift towards the use of cumene as a raw material for producing eco-friendly products. |
4.2.3 Technological advancements in cumene production processes leading to improved efficiency and reduced costs. |
4.3 Market Restraints |
4.3.1 Fluctuations in crude oil prices impacting the cost of production and pricing of cumene. |
4.3.2 Environmental regulations and concerns regarding the emissions and waste generated during cumene production. |
4.3.3 Competition from alternative raw materials for phenol production affecting the demand for cumene. |
5 South Korea Cumene Market Trends |
6 South Korea Cumene Market, By Types |
6.1 South Korea Cumene Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 South Korea Cumene Market Revenues & Volume, By Type, 2018 - 2028F |
6.1.3 South Korea Cumene Market Revenues & Volume, By Zeloite, 2018 - 2028F |
6.1.4 South Korea Cumene Market Revenues & Volume, By Solid Phosphoric Acid, 2018 - 2028F |
6.1.5 South Korea Cumene Market Revenues & Volume, By Aluminum Chloride, 2018 - 2028F |
6.2 South Korea Cumene Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 South Korea Cumene Market Revenues & Volume, By Phenol, 2018 - 2028F |
6.2.3 South Korea Cumene Market Revenues & Volume, By Acetone, 2018 - 2028F |
6.2.4 South Korea Cumene Market Revenues & Volume, By Others, 2018 - 2028F |
7 South Korea Cumene Market Import-Export Trade Statistics |
7.1 South Korea Cumene Market Export to Major Countries |
7.2 South Korea Cumene Market Imports from Major Countries |
8 South Korea Cumene Market Key Performance Indicators |
8.1 Average capacity utilization rate of cumene production plants in South Korea. |
8.2 Research and development investment in improving cumene production technologies. |
8.3 Adoption rate of eco-friendly practices in the cumene production process. |
8.4 Regulatory compliance rate with environmental standards in the cumene industry. |
8.5 Number of new applications or industries using cumene-derived products. |
9 South Korea Cumene Market - Opportunity Assessment |
9.1 South Korea Cumene Market Opportunity Assessment, By Type, 2021 & 2028F |
9.2 South Korea Cumene Market Opportunity Assessment, By Application, 2021 & 2028F |
10 South Korea Cumene Market - Competitive Landscape |
10.1 South Korea Cumene Market Revenue Share, By Companies, 2021 |
10.2 South Korea Cumene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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