COVID-19 Impact on Cumene Hydroperoxide Market

  • The COVID-19 outbreak has hindered the demand for cumene hydroperoxide in several applications. Governments of various countries across the globe enforced lockdown measures to curb the spread of the coronavirus. This resulted in slowdown and even halt in manufacturing operations, thus hampering the demand for cumene hydroperoxide.
  • One of the major end-use industries of the cumene hydroperoxide market is the adhesive & sealant industry. Building & construction and packaging industries are major end-users of adhesives and sealants. These industries were majorly hit due to COVID-19 lockdowns. This created a gap in the supply and demand for cumene hydroperoxide, thereby restricting its demand.
  • The COVID-19 outbreak directly affected the production and demand for cumene hydroperoxide. Key players operating in the market are located in Asia Pacific and U.S. These regions accounted for large numbers of COVID-19 Infections, leading to long lockdowns. This hampered the supply of cumene hydroperoxide polymers, thus negatively affecting the market.

Key Drivers of Cumene Hydroperoxide Market

  • The adhesive and adhesive remover sector is a prominent consumer of hydroperoxide. Expansion of the building & construction sector is estimated to propel the adhesive industry. Furthermore, adhesives are extensively utilized in the packaging industry, which is expanding at a considerable pace due to globalization. Rise in usage of cumene hydroperoxide in the manufacture of cumene hydroperoxide polymer for adhesives is estimated to boost the cumene hydroperoxide market during the forecast period.
  • Cumene is used in the production of phenol and acetone, which are further used in the manufacturing of bath, hair, and skin care products. Phenol is also used in skin peels and is present in many sunscreen and lip balms. Acetone is used in nail polishes and their removers. Phenol is also used in plastic manufacturing industries, cosmetic industries, and in the study and extraction of bio-molecules.

Restraints of Cumene Hydroperoxide Market

  • Cumene hydroperoxide is hazardous, with acute toxicity. This is likely to hamper the market in the near future. Cumene hydroperoxide can cause irritation to the respiratory system and eyes. It can also affect the central nervous system, causing depression as well as internal bleeding of many organs, in some serious cases. Focus on environmental sustainability has increased in the U.S. and Asia Pacific, which are key regions of the cumene hydroperoxide market. Continuous monitoring of production by regulatory bodies can hamper the cumene hydroperoxide market.

Asia Pacific to Constitute Significant Share of Global Cumene Hydroperoxide Market

  • In terms of region, the global cumene hydroperoxide market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific dominated the global market in 2020. Asia Pacific is likely to be a prominent market for cumene hydroperoxide in the near future due to the increase in demand for cosmetics in the region.
  • North America is also a key region of the global cumene hydroperoxide market. Poly-cumene hydroperoxide is majorly manufactured in the U.S., which contributed to major share of total consumption in North America.

Competitive Landscape of Global Cumene Hydroperoxide Market

There is not much competition in the cumene hydroperoxide market, as very few companies operate in the market. Key players are based in the U.S., U.K., and India; and all the production is based out of these countries. Key players are as follows:

  • Suzhou Yacoo Science Co., Ltd.
  • Liaoning Fuching Auxiliaries Co., Ltd.
  • Tokyo Chemical Industry Co., Ltd.
  • Weifang Richem International
  • Monomer-Polymer & Dajac Labs

Global Cumene Hydroperoxide Market: Research Scope

Global Cumene Hydroperoxide Market, by Product Type

  • Epoxy Resin Curing
  • Organic Synthesis

Global Cumene Hydroperoxide Market, by End-use Industry

  • Adhesive & Sealant
  • Cosmetic & Bathing
  • Plastic Manufacturing

Global Cumene Hydroperoxide Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • Japan
    • India
    • China
    • Korea
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Turkey
    • Israel
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa

Cumene Hydroperoxide Market Introduction

  • cumene hydroperoxide is an oily liquid and is classified as an organic hydroperoxide. cumene hydroperoxide is an intermediate in the cumene process for producing phenol and acetone from benzene and propene.
  • It is a colorless or light liquid with sharp odor. It is slightly soluble and denser than water. It is easily soluble in alcohol, hydrocarbons, and acetone; hence, it is used to make acetone and phenol, which are used further as raw materials for manufacturing polycarbonate for the automobile industry. Its dilution properties help in using it as an oxidizing agent.

This upcoming business intelligence report is intended to be a one-stop market research solution to guide organizations in taking timely and effective decisions for their business growth. The ongoing study is the culmination of our deep expertise on data science methods, combined with an unparalleled understanding of the external environment and analysis of the industries. Each of the reports by TMR aims at offering a detailed scrutiny of the value chain of our current and prospective customers, takes them from identifying value propositions, and subsequently assist their business executives to implement right strategies to create customer value. We believe that creating and sustaining the customer value is the key pivot on which business executives can create profits for their organizations and increase the market shares, continuously and with sustainability.

Each of our touchpoints through which we engage with the organization/enterprise during the primary research enables us to understand the internal environment it operates in and the ways in which the external environment influences its growth.

Always Evolving with Competition

Excellence is built into the DNA of TMR, and all our teams work collaboratively and committedly toward achieving that in whatever they do. From the very first interaction our teams of research analysts have with any interested market participant to the final preparation processes in each of our reports reflects a rigorous understanding of the dynamic industry environment that businesses operate in.

We relentlessly work to be a differentiator in whatever we do in the current era of hypercompetitive global environment. The result of our unceasing focus on excellence is reflected clearly in the insights and guidance we offer to our customers in order to empower them to create brand equity. Our simple yet very powerful underpinning for navigating the competition is to always keep evolving with changing business environments. Our close-kinit team of research analysts not only believe in this simple philosophy but also implement the same.

Constantly Innovating Our Research Methodologies and Models

We do not limit with any specific market research tool or one standard approach for obtaining or analyzing data. Undoubtedly, our report making process is ever-evolving to meet the customer needs and demands supported broadly by a vast knowledge of data science methods that we combine with business acumen our teams have built upon for several years. Evidently, our primary and secondary research data about customers and consumers have shown that we can go to any lengths to obtain them. This is followed by applying next-gen automation tools integrated with human judgement to clear the clutter, ascertain the most relevant and recent qualitative and quantitative insights, and package them in digestible chunks in our reports for our customers.

We Take Pride in No-One-Size-Fits-All Approach

Over the past several years, we have been conducting market intelligence studies across all industries for all types of organizations — big and small, profit and not-for-profit, and Fortune 500 and Unicorns, as we believe that a sound decision making must be based on no-one-size-fits-all approach. Without doubt, each of the organizations regardless of the industry they are in are affected differently by changes in political, economic, socio-culture, legal, ecological, and legal environments. The research models and the value chain analysis process that our analysts employ for conducting the study uphold this approach.

We look at myriad components of internal and external business environment affecting the growth strategies of organizations. Some of the broader aspects that we focus on are:

  • Our team of Analysts and Support Teams always strive to see the bigger picture in life cycle stages of any industry
  • The Teams focus on obtaining valuable insights into different models of competitive advantage while making an internal environment analysis
  • They keep on modifying the value chain analysis processes of organizations to understand on how customer value is created

Some areas of assessing market dynamics that are used in the research models and methodologies adopted by our analysts can be summarized as:

  • Corporate and business strategies underlying new brand positioning strategies
  • Mapping for strategic planning for business units
  • Various metrics for business portfolio analysis, including BCG matrix
  • Value chain analysis

These will help create and sustain competitive advantage for our prospects and current customers.

Key focus areas and agenda that underpin and catalyze our primary and secondary research initiatives and endeavors are:

  • What are some of the core competencies and distinctive competencies of new entrants and established players in the industry we are analyzing?
  • What are some of the branding opportunities that are emerging at a rapid pace?
  • What are the major competitive forces and elements of external environment shaping the industry life cycle stages of most organizations?
  • Why some competitive strategies are popular than others among leaders in a certain market?
  • What customer-based brand equity strategies companies have leveraged in a certain industry or set of related industries in a sector?
  • What are some of the key pricing strategies that companies in an industry are implementing for marketing their products internationally?
  • Identifying whether market-push or market-pull strategies are more relevant to a certain product or a service?

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Cumene Hydroperoxide Market