Press release
Cumene Market Size is Anticipated to Reach Around US$ 26.7 Billion By 2028 | CAGR of 4.5%
Cumene Market
Cumene, also known as isopropylbenzene, is an organic compound that is colorless with a sweet, fruity odor. It is commonly used as an intermediate in the production of other chemicals, such as acetone and phenol. It is oxidized to form cumene hydroperoxide, which is then treated with acid to produce phenol and acetone. It is also used as a solvent in the manufacturing of various products, including paints, coatings, and printing inks. In addition, it is employed as a fuel additive to improve the performance of gasoline. Consequently, cumene finds extensive applications across chemical, petrochemical, plastic, and oil and gas industries.
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Market Trends:
The market is primarily driven by the expanding plastic industry across the globe. In addition, the rising adoption of acetone as an industrial solvent represents another major growth-inducing factor. Besides this, cumene is used to produce acrylic sheets, laminates, and composites that are used across the construction, automotive, and medical industries. This, coupled with the introduction of food-grade cumene for producing polycarbonate plastic-based containers and bottles, is contributing to market growth. Moreover, rapid industrialization, the adoption of advanced technologies to produce cumene, and the increasing consumer demand for high-octane cumene derivatives are some of the other factors creating a favorable market outlook across the globe.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• BASF SE
• Borealis AG
• ExxonMobil Corporation
• INEOS Capital Limited
• LG Chem Ltd.
• Merck KGaA
• Royal Dutch Shell plc
• Saudi Basic Industries Corporation
• Sumitomo Chemical Co. Ltd
• The Dow Chemical Company
• Versalis S.p.A.
Cumene Market Segmentation:
Our report has categorized the market based on region, manufacturing process, application and end use industry.
Breakup by Manufacturing Process:
• Aluminum Chloride Catalyst
• Solid Phosphoric Acid (SPA) Catalyst
• Zeolite Catalyst
Breakup by Application:
• Phenol
• Acetone
• Paints and Enamels
• High-octane Aviation Fuels
• Others
Breakup by End Use Industry:
• Plastics Industry
• Automotive Industry
• Chemical Industry
• Paint Industry
• Rubber Industry
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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https://www.benzinga.com/pressreleases/23/03/ab31540724/e-prescribing-market-overview-outlook-development-future-growth-and-business-prospects-2022-2027
https://www.benzinga.com/pressreleases/23/04/ab31902472/india-socks-market-size-industry-analysis-demand-growth-rate-and-forecast-2023-2028
https://www.benzinga.com/pressreleases/23/04/ab31902471/indonesia-palm-oil-market-size-share-growth-rate-price-trends-demand-and-forecast-2023-2028
https://www.benzinga.com/pressreleases/23/04/ab31946059/frozen-pizza-market-outlook-industry-size-demand-growth-prospects-and-business-strategies-2023-20
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The cumene market plays a pivotal role in the global chemical industry. Cumene, also known as isopropylbenzene, is an aromatic hydrocarbon primarily used as an intermediate in the production of various chemicals. It is a crucial raw material for the production of phenol and acetone, both of which are extensively used in manufacturing plastics, adhesives, paints, and pharmaceuticals. The demand for cumene has been on the rise due to the…
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𝐂𝐮𝐦𝐞𝐧𝐞 𝐏𝐫𝐢𝐜𝐞𝐬 𝐈𝐧 𝐔𝐒𝐀
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