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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Growing demand for phenol and acetone likely to drive the market growth
The utilisation of cumene in the production of phenol and acetone is driving the cumene market demand. Cumene is oxidised to hydroperoxide to yield phenol and acetone, which is considered the most economical method, thereby bolstering the market growth. The expanding demand for phenol in manufacturing phenol resins, pharmaceuticals, rubber chemicals, dyes, and disinfectants is fuelling the market for cumene. The rising use of phenol by customers to keep the surroundings clean, owing to the pandemic, has also supported the market growth in the historical period.
In addition, the increasing use of acetone, a by-product in the production of phenol for numerous applications such as pharmaceuticals, cosmetics, and electronics, is resulting in the expansion of the market. The rising inclination towards acetone for removing nail polishes and oil stains in domestic spaces, cleaning electronic gadgets, and improving the efficacy of medicines is providing impetus to the development of the cumene market.
Cumene Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.5% between 2024 and 2032.
The major industry drivers include growing utilisation of cumene in the production of phenol and acetone, rising demand for plastics, and the production of diverse petrochemical products.
The key industry trends guiding the market growth are increasing application of cumene in various end-use industries, government initiatives in boosting the production of cumene, and investments made by industry players in expanding the cumene production plants.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different market divisions, based on manufacturing process, include aluminum chloride catalyst, solid phosphoric acid (SPA) catalyst, and zeolite catalyst.
The various applications of the product are phenol, acetone, paints and enamels, and high-octane aviation fuels, among others.
The major market divisions, based on end use industry, include plastics industry, automotive industry, chemical industry, paint industry, and rubber industry, among others.
The major players in the industry are Braskem S.A., Lummus Technology, Domo Chemicals GmbH, Exxon Mobil Corporation, Borealis AG, Sumitomo Corporation, and ENEOS Holdings, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124