Global Cumene Market Report 2022: Industry Growth Analysis, Segmentation, Size, Share, Trend, Future Demand And Outlook 2031

The global cumene market report by the business research company identifies rising demand for phenols and acetones in various industries to be a major growth driver for the cumene market. Acetone is used as a solvent in the pharmaceutical and cosmetic industries. Phenols are used for the production of epoxy resins used in paints and coatings. As a result, strong demand for phenols and acetones has resulted in its over-supply. The demand for acetone and phenol is increasing at a significant rate relative to supply, which offers new manufacturers great potential for establishing their facilities. The cumene market is expected to see a high growth rate during the forecast period due to an increase in global demand for acetone. For instance, in 2019, China's acetone consumption was about 2.285 million tons, a rise of 17.18% year on year. The global production capacity of acetone was about 9.142 million tons, and about 90% of the production capacity was concentrated in Asia, the Americas, Europe, and Asia were estimated at 47%. Rising demand for phenols and acetones drove the cumene market.

The global cumene market size is expected to grow from $23.29 billion in 2021 to $24.6 billion in 2022 at a compound annual growth rate (CAGR) of 5.6%. The global cumene market size is expected to grow to $30.28 billion in 2026 at a CAGR of 5.3%.

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Asia Pacific was the largest region in the cumene market in 2021. Middle East was the second-largest region in the global cumene markett. The regions covered in the global cumene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the cumene market are Royal Dutch Shell Plc., Exxon Mobil Corporation, BP Plc., Sumitomo Chemical Co Ltd, BASF SE, The Dow Chemical Company, China Petroleum and Chemical Corporation, Ineos Group Limited, and CEPSA.

The global cumene market is segmented -
1) By Manufacturing Process: Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, and Zeolite Catalyst
2) By Application: Phenol, Acetone, Chromatography, Other Applications
3) By End Userr Industry: Paints Industry, Automotive Industry, Chemical Industry, Plastics Industry, Other End-User Industries

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The Cumene market Report Contents Include
1. Executive Summary
2. Cumene Market Characteristics
3. Cumene Market Trends And Strategies
4. Impact Of COVID-19 On Cumene
5. Cumene Market Size And Growth
......
26. Africa Cumene Market
27. Cumene Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cumene Market
29. Cumene Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the cumene market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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