Press release
Cumene Market Growth Predicted at 4.4% CAGR, Targeting USD 29.45 billion by 2032
Cumene Market
There has been a proliferating surge in the usage of adhesives & sealant chemicals globally due to their capacity to offer elevated heat aversion, chemical aversion, superior electrical insulation, and lesser smoke discharge, among others. Also, the growing accumulation of commodity inventions, such as the advancement of food-grade cumene for polycarbonate plastic-dependent carriers, will additionally generate gainful growth possibilities for the market.
Cumene is an organic compound that entails a benzene ring with an isopropyl substitute. It is an ingredient of crude oil and clarified fuels. It is a flammable, colorless liquid that possesses a boiling point of 152 degrees Celsius. Approximately all the cumene that is generated as a refined compound on an industrial estimate is transformed to cumene hydroperoxide, which is a medial in the synthesis of other industrially crucial chemicals, formerly phenol and acetone.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/cumene-market/request-for-sample
๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐
The market is excessively aggressive in nature with an extensive aggregate of global market players functioning the globe involving Cepsa, INEOS, Kumho P&B Chemicals, and Koch Industries. Some of the companies which are currently dominating the cumene market are:
Braskem
Cepsa
Chang Chun Group
CITGO
Domo Chemicals
Dow Chemical Company
JX Nippon Oil & Energy
KMG Chemicals
Koch Industries Inc.
Kumho P&B Chemicals Inc.
Prasol Chemicals Pvt. Ltd.
Royal Dutch Shell PLC
SABIC
Sumitomo Chemical Co. Ltd.
Versalis Spa.
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ฉ๐จ๐ซ๐ญ
The primary factors propelling the market growth of cumene are the speedy escalation in product usage for a broad gamut of applications covering industries involving adhesives and chemicals and surging consumer inclination for elevated octane production.
Cumene market analysis is mainly based on type, application, and region.
Asia Pacific dominated the market.
The market in North America will increase due to escalating inventions and technological progression in cumene production procedures that could cause escalated efficiency and decreased prices.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/cumene-market/inquire-before-buying
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Cumene, Type Outlook (Revenue - USD Billion, 2023 - 2032)
Zeolite
Solid Phosphoric Acid
Aluminum Chloride
Cumene, Application Outlook (Revenue - USD Billion, 2023 - 2032)
Phenol
Acetone
Others
๐๐ฎ๐ฆ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
Zeolite segment accounted for notable market share in 2022, mainly due to its increasing use as a catalyst in industrial processes for the production of cumene
Phenol segment held the majority revenue share, owing to significant adoption of phenol across different industries like cosmetics, electronics, and paints & coatings
Asia Pacific dominated the global market with substantial share, on account of region's higher production of cumene and rising use in infrastructure development projects
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐:
https://www.polarismarketresearch.com/industry-analysis/cumene-market
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